jakiro
Author: Jaleel; Source: Block Beats
As Bitcoin halving approaches, another group of people are making money.
There are only more than one thousand blocks left before the Bitcoin halving, and the Bitcoin ecosystem in April undoubtedly became the focus of the market.Among them, the hottest topic is the Runes concept, especially the Runestone with a market value of $640 million, which has caused its floor price to soar to 0.074BTC, surpassing BAYC and becoming the second largest project in the NFT market.
Not only Runestone, we can see that in the magicden market, 8 of the top 25 NFTs with the largest trading volume are all Runes concepts.Since April, the number of NFT transactions in the Bitcoin ecosystem has significantly exceeded that of Ethereum and Solana, among which the Runes concept accounts for the largest proportion.
Behind these transaction volumes are these “snatch-up” Runes projects, like “mining machines”, after the halving time, the number of airdrop Runes tokens will be calculated based on the holding time and number of holdings.
RSIC is one of the earliest projects with the “miner” attributes, and it has been more than two months since its tokens were airdropped into the wallet.There is still about a week left to halve Bitcoin. How much money can an early layup player expect to make two months ago?
Because Runestone has not yet announced the specific airdrop details, and RSICs with more detailed airdrop rules have already had a trading market on the off-site OTC platform whales.market to better calculate returns, so the following is mainly based on RSICs to calculate and discuss “that batch of “How much money do users who first participated in Runes pre-mining expect to make?”
Return forecast: Take RSIC as an example
Before calculating the earnings, BlockBeats gives a brief introduction to the RSIC project for new users.
RSIC is a Bitcoin-based peer-to-peer rune allocation system, which is built as a digital interactive game at its core.On this platform, players obtain runes by managing and operating RSIC tokens, which are expected to be officially “etched” on the Bitcoin network at some point in the future.Currently, RSIC is trading at 0.06 BTC.Regarding RSIC Metaprotocol, the total number of NFTs issued is 21,000, while the total issuance of FTs (tokens) is approximately 21 billion, of which the project party retains a 10% share of NFTs.
Furthermore, one of the most common topics to be discussed when it comes to RSIC is the mysterious publisher of this project.Initially, there were rumors that this might be the work of ordinals founder Casey, but the speculation was quickly refuted as Casey got stuck in the game world of Baldur’s Gate 3.The widely accepted view at present is that RSIC may have been deployed by Rocktoshi, the founder of Node Monkey, and this inference is based on the fact that all the foundry funds for the parent inscriptions are derived from the same address.For details, please see Dr. Jingou’s related analysis on Twitter.
Tips to maximize returns
RSIC’s token airdrop rules are very clear, with 4 variables.
The first variable is “Flat Normal”: This variable involves the number of blocks held, which stipulates that each block can obtain 21 RSIC tokens, totaling no more than 30% of all airdrops.
The second variable is “Boosted Acceleration”: users who hold Boost accelerator can get double mining efficiency, which is the relevant boost logic easter egg engraved on the 470340000000.
The third variable is “Random Random Allocation”: 25% of the total airdrop plus unassigned Flat and Boost sections.Each RSIC corresponds to a specific type code symbol.When the last digit of a block hash value coincides with the user’s RSIC symbol, the user can obtain 336 RS tokens.Considering the 16 possibilities of the last digit of the hash value, there is theoretically a chance of success for every 16 blocks, which is equivalent to an average of 21 tokens per block.
The fourth variable is “Halfening halving lottery”: In a specific halving block of 840,000, the project party will randomly draw 5 from the address holding the RSIC Metaprotocol NFT, and allocate 15% of the total token (the allocation ratio is5%, 4%, 3%, 2% and 1%).Users who start from block 830,000 to block 840,000 will receive a lottery ticket for each block held by block 830,000; if sold before half, they will lose their lottery qualification.
For users who hold both RSIC and Boost, it is estimated that the total number of tokens that can be mined in each block is 63, and for users who hold only RSIC, it is estimated that the total number of tokens that can be mined in each block is 42.It is worth mentioning that even if you have sold RSIC, the quota you accumulated during the holding period is still recorded on your wallet address.
It should also be noted that only activated RSIC addresses are eligible to receive airdrops.Any RSIC transferred or traded in the market is considered to be activated, and this operation is intended to ensure that only active wallets can participate in the token allocation, thereby excluding any sleeping wallets and ensuring fairness of airdrops andActive.
Easily earn $10,000 before halving
At present, we can see that on the off-market OTC platform whales.market, the RSIC rune token buyer’s price is mainly concentrated at 0.01u, corresponding to a total market value of US$210 million.Recent transaction records show that the highest unit prices are US$0.025, US$0.0349 and US$0.0374, respectively, with corresponding market values of US$500 million, US$730 million and US$780 million, respectively, which is close to Runestone’s US$640 million market value.
However, compared with Runestone’s continued rise, the RSIC’s NFT market showed a downward trend.Optimistically, compared with the price of the highest point of 0.13BTC, although the market value of RSIC has decreased, in fact, part of the value and market value are actually reflected in the tokens.
According to BlockBeats analysis, a RSIC is currently being purchased for 0.06BTC and an additional 0.005btc is paid to purchase a boost accelerator, with a total cost of approximately $4700.As of writing time, there are 1167 blocks left for halving, and each block is expected to receive 63 tokens, totaling 73,521 tokens, which means the token cost by the halving point is about $0.0639.This price is much higher than the off-market price of whales.market.
If you do not consider the possible value of RSIC after airdropping Runes tokens and only consider the cost and price of obtaining the token, it is obvious that buying off-market points directly is a more suitable choice now.
According to information learned from early users from BlockBeast, the RSIC price was 0.02BTC when it first went live in the magicden market.I purchased an RSIC and held it until the halving period. Without using boost, I expected to earn 520,000 points.At a conservative price of $0.01, the return is about $5200, plus the value increase of the RSIC itself, that is, the purchase price of 0.02BTC can bring an additional 0.04BTC, equivalent to $2800.Add to that other projects such as Rune Mania Mine’s airdrop to RSIC Boost holders, the conservative comprehensive income is estimated to be around $10,000.If you hold boost, you are expected to reach 700,000 points, with the corresponding earnings expected to be approximately $13,000.
From a non-conservative perspective, if it is an RSIC obtained entirely through airdrop, it is equivalent to directly obtaining an NFT worth 0.06BTC, with a return of approximately $4260.Assuming 700,000 points are calculated at $0.035, the gain is $24,500.Coupled with the $2,000 gain from airdrops from other projects, the profit totaled about $30,000.
In the short term, Bitcoin halving and Runes’ official launch may trigger strong sentiment (FOMO) in the market.In a longer-term perspective, as the Runes protocol that Casey issues tokens for the community, it may have an impact no less than Ordinals.The market value of the leader of Runes protocol and the leader of brc20 may be comparable, and may even have a certain impact on it.
Based on the current market situation, Ordi has a market capitalization of US$1.5 billion, Sats has a market capitalization of US$990 million, and Runestone has a current market capitalization of US$640 million. It is inferred that early users who participated in Runes pre-mining may still have some room for profit growth.
