jakiro
Written by: Cookie
If you have any understanding of the Runes Rune protocol, you should know that the rune 0 “UNCOMMON•GOODS”, which means that the first rune that has been etched (deployed) after the Runes protocol is launched is from Casey.However, this rune is “limited time and no quantity” and the casting period is as long as 4 years, which makes it difficult to form short-term hype space.
However, last week, Casey made another move.This time, he etched a new rune called “MEMENTO•MORI” on the inscription No. 0, with a total of 100 million (100,000).Among them, half of the total amount, that is, 50 million (50,000 pictures), has completed airdrops at the Bitcoin block height of 868,113. The target of the airdrop is users who subscribe to the Bitcoin podcast “Hell Money” and submitted the airdrop address.The podcast is co-hosted by Casey and Erin Redwing.
According to Casey and Erin on the Hell Money podcast, “MEMENTO•MORI” is not an accidental idea.First, before the rune protocol was launched, Casey proposed the idea of hard-coded the first 10 runes (commonly understood, it is to directly deploy the first 10 runes). Although this idea was not implemented in the end, “MEMENTO•MORI”It was one of the 10 runes considered at that time.
“MEMENTO•MORI” is a Latin phrase, meaning “Remember you will die eventually”, reminding people to think about the shortness of life and the inevitability of death, encouraging them to face the finiteness of life in their daily lives, and let people cherish the present more.Live a meaningful life, rather than just indulging in material things or fame and fortune.The rune was finally etched on the inscription No. 0 of the image of “Skull”, which also corresponds to the theme and even the horror atmosphere of Halloween.
Inscription No. 0
Another motivation for posting this rune is that Casey and Erin regard subscribers of the Hell Money podcast as supporting their community. They have long been very grateful to subscribers for their support for the Hell Money podcast and want to do it for subscribersSomething so 50% of the total was airdropped to subscribers without reservation.
The remaining 50% will be open to cast at block height 868186.It was originally expected that the time to reach the height of this block was 13 to 14 o’clock in Beijing time, but because the specific time would float with the speed of the Bitcoin network block production, the minting finally started unexpectedly at 10:30 in the morning and was slapped by most markets.The player’s expected 4-digit miner rate may be because the casting did not give enough reactions beforehand, and the time interval between the 6 blocks after the casting was quite short, with an average of only a terrifying 4.5 minutes.
According to the Magic Eden, the rune’s total market value is currently $14 million.According to satosea.xyz, the average miner rate (cost) for minting this rune is approximately 584.5 sats/vb ($420 per picture).This is the first rune deployed by Casey that can really make the market hype. Does this market value meet your expectations?
