Author: 0xsea.eth, thenXtDao Joint sponsor source: x (former Twitter) @_ 0xsea_

If the two current BTC L1 strongest agreements, the strongest BTC L1, are born when no one is asked, then Runes is launched under the industry’s attention.As the founder of the Ordinals protocol that opened the Bitcoin ecosystem “Pandora Magic Box”, Casey Rodarmor (@Rodarmor) attracted the attention of the entire ecology after the Runes agreement was launched in September last year.

Now, just two months away from Runes, what Alpha opportunities are there?

1/ Why is runes

In the last article“A Brief History of the New Agreement of BTC L1 that Grandma 60 can also understand”In the first chapter, we mentioned that Casey first created the Ordinals protocol for art / NFT, not to issue coins.But the emergence of the BRC-20 broke this situation, and the transaction value of the BRC-20 has always dominated the entire Ordinals protocol.But as the BRC-20 broke out in the two waves of last year, the industry accepted the existence of this inscription token, and Casey also changed his view: Although 99% of the tokens are scams and gimmicks, they will not disappear like casinos.Create a good token agreement for Bitcoin, which may bring considerable transaction income to Bitcoin, attract more developers and users, and ultimately expand the use of BTC.Therefore, on September 26, 2023, Casey released Runes’s concept through his blog for the first time, that is, build a new homogeneous token agreement on Bitcoin.Article link: https://rodarmor.com/blog/runes/

In this article, he pointed out some issues in existing protocols such as BRC-20, RGB, TAPROOT Assets, and proposed that a better BTC token agreement should be simple, not dependent on the chain service, UTXO-based ones. ThisIt is the core idea and origin of Runes. The Chinese community is generally called the “Rune Agreement”.By the way, Runes’s unofficial symbol is ▣, and the symbol of Ordinals is ◉

When will 2/ runes launch

On September 21, 5 days ago, the casey article published an article, the atomic protocol @atomicalsxyz was also released.Bitcoin L1 brings another innovation.Therefore, in the next few months, the market has also had great expectations for Runes. Many people are preparing all kinds of preparations and want to grab the first tokens on the Runes protocol.

However, in these months, on the one hand, the Casey team must maintain the normal upgrade of Ordinals, and on the other hand, it has to deal with the cursing inscription (Introduction article: https://twitter.com/_0xsea_/status/1743512063546052) and other strange bugs.The emergency situation of Runes has not been determined.Until December 16, Casey announced the time of the Runes protocol on the main network of the Runes protocol at the event of the Taipei blockchain week, which was released at the height of the Bitcoin block, that is, when the BTC fourth time, the time was probably about the time.It will be in late April.

It is now less than 2 months before the official release of Runes.Hope Casey has cleared the game Baldur’s Gate 3, don’t postpone the release of Runes anymore

3/ but it seems that there are already a few protocol called Rune

As mentioned above, Casey announced the idea of Runes on September 26, and has updated the code about Runes in Github for a few months.Although the Runes protocol is not officially launched, many developers want to do things based on this.

There are two categories in it, one is to do the same type of Runes, and the other is to do specific projects.Let’s talk about the protocol class first. There are two main items: the first is the @Pipebtc protocol sent by Benny. It is the first protocol issued based on the idea of Runes, and the action is very fast.If you do n’t understand Benny, you can read the article“A Brief History of the New Agreement of BTC L1 that Grandma 60 can also understand”In the second chapter, Benny is a technical speculators with a lot of energy, a lot of ideas, and issuing multiple currencies.

The second is launched in December in December, similar to PIPE.The first tokens on RuneALPHA are COOK, but it does not limit the total amount and number of TOKEN, but limits 150 blocks (equivalent to limited time), as long as the mint is calculated in the block range.I saw RuneALPHA’s financing BP last week on other channels. The next positioning of the project is to become the infrastructure of the Runes protocol, including browsers, indexes, trading platforms, etc.The $ Cook tokens should also migrate to the Runes protocol, and the specific rules cannot be determined.

4/ There are some Runes concept items

In addition to the protocol category mentioned above, the second category is specific projects.These projects have emerged in the last 1-2 months. The main logic is: Before the Runes was officially released at the 840,000 blocks, it was previewed by the strong market expectation emotions.The community condenses consensus. After the Runes protocol is officially deployed, the project is issued to the Runes protocol to the Runes protocol to the NFT holder.Below I list some of these projects I am concerned about. If there is any omissions, please forgive me. Welcome to repay the area below.

1) RSIC

RSIC is the abbreviation of Rune Specific Inscripting Circuits. This is an NFT on Ordinals with a total of 21,000 pieces and 10% reserved by the project party.90% of the RSIC was invested by the project party to Holders, which cost more than 3 BTC, which was praised by the community.The specific airdrop rules and standards have not been announced. It is speculated that it is mainly based on the blue -chip NFT held by the wallet.Because it is an airdrop, some wallets do not know that they have got the NFT, so they need to be transferred (buying and selling / transfer to yourself) to activate it.After the activation, “mining” was started, and it was digged in the token share of a tokens deployed by the project in the future.This also fully shows that the RSIC project party is OG of the Ordinals ecosystem, otherwise it is difficult to get the rapid support of the Ordiscan browser.In the length, more details about RSIC are not developed here. Those who are interested can view @lilyanna_btc’s previous article: https://twitter.com/lilyanna_btc/status/174963968537459577

· Official push: @Rune_coin

· Official website: https://runecoin.io

· More documents: https://ordiscan.com/inscripting/126 can be viewed here to visit more interesting details

· Magic Eden collection: https://magiceded.io/ordinals/marketplace/rsic

· Mining query: After entering the wallet address in http://ordiscan.com, check in the Runes column

2) RSIC

Boost RSIC BOOST is a bidding tool launched by the RSIC project.This time it is not an airdrop, but a wallet that needs to hold RSIC to MINT (need to spend ~ $ 170). It can be accelerated in the wallet to speed up the mining process of RSIC.This measure further screen out the active wallet on the chain, adding market gameplay, and once again proves that the project party will do things.

The current total is 3.9k, Magic Eden collection: https://magiceded.io/ordinals/marketplace/rsic-boost

3) Rune Mania Miner

Sure enough, the project party will soon issue an airdrop to the RSIC BOOST holder (equivalent to also holding RSIC). This project is Rune Mania Miner.The total amount is 3,800, 3,547 air switch to the community, and 253 are reserved by the team.Like RSIC, you need to transfer it once (to yourself) to activate it for mining.

· Official push: @Runemaniaminer

· Official website/document: https://ord.io/61549984

· Magic Eden collection: https://magiceded.io/ordinals/marketplace/rmm

· Mining query: No

4) RuneStone

RuneStone is another airdrop project that has received much attention after RSIC, and is led by the well -known Kol@Leonidasnft in the field of Ordinals.In the past 2 weeks, Leonidas raised funds to the industry through X. Each person donated 0.15 BTC × 15 people = 2.25 BTC for airdrop GAS overhead, which has been raised.RSIC also provides a donation of 0.15 BTC.

At the same time, RUESTONE’s airdrop rules are relatively transparent, that is, when the height of 826,600 blocks, 3 inscriptions need to be held in the wallet, but to exclude the inscriptions at the beginning of “Text/Plain” or “Application/JSON”, such as BRC-20 is not counted.

At present, the number of whitelist wallets announced by RuneStone reached 113,376, and the size of the airdrop.When everything is prepared, formal airdrops should be carried out in the near future.

· Query on the whitelist: via httts://runestone.lfg.cash or https://docs.google.com/spreadsheets/d/1FKJD0H61R0OONBX2PH47XCZHRovw/edit#

· Magic Eden Collection: No

· Mining query: No

5) The run guardians

Guardians is also a similar game to RSIC. It is the cost of all GAS costs to the blue -chip NFT holder on the Ordinals.

· Official push: @Runeguardians

· Official website: http://theruneGuardians.com

· Magic Eden collection: https://magiceded.io/ordinals/marketplace/trg

· Mining query: No

In addition to the a few items mentioned above, I also participated in several other charging items. For example, RuNedogecoin is the ladder charging Mint and then airdrop, but lacks specific products and RoadMap; as well as GeNESIS RUNES propaganda, free attraction points.However, in fact, the “developer fee” of $ 50 is charged each one, and the total amount exceeds 33.7K. Later, there were some repurchase+destroyed, but the total amount was as high as 29.9K. The current price has been broken.

5/ How do you participate in Runes?

Well, go back to Runes itself.

Casey also noticed that the hype of Runes in the market is already very hot. Many project parties want to grab the first tokens, so Casey decided not to deploy No. 0-9 to the Tennarian itself. The specific name is to the community.Concentration.And when Runes first launched, the length of all token names is from 12 and above, and the length of the tokens within 12 bits will gradually be released, so that the needy project party can pay (combustion) to have a shorter token Ticker TickerEssenceThe picture below was issued by Casey last October, and the price of BTC is now nearly doubled.

Therefore, after the runes are officially launched, there are several ways to participate in Runes:

1) The top 10 Token of No. 0-9 deployed by the Casey team directly, the name is to be determined.And due to the high attention of Runes and the complete infrastructure ecology of Ordinals, it is estimated that many generations of tools will be supported as soon as possible, and there should be no local BTC full node.It is estimated that it will cause a period of Gas War.

2) The NFT or vouchers of other “pre -mining projects” that are mentioned above and will be launched in the next 2 months. After the project party deploys the corresponding tokens on Runes, the project party directly obtains the corresponding air investment.

What is the relationship between 6/ runes and the order and BRC-20?

As Runes go online, we can look at the protocol pattern of the BTC on the first floor.

I thought that Runes was a parallel agreement with Ordinals, and it was only recently discovered that this is not the case.Runes and Ordinals share a GitHub code library, and from the structure, Runes and Inscriptions are at the same level.Even more straightforward, Runes and BRC-20 are flat token protocols, both belong to the Ordinals ecosystem.It’s just from the perspective of the Casey team: BRC-20 is a “non-official” token agreement, and Runes is more like a “official” tokens.

The competition between Runes and BRC-20 is about to start, and Runes will attract more people to deploy / speculate in cottage in the short term.Of course, the ORDI of the BRC-20 is still the first cottage on Bticoin, which is an indisputable fact.

In addition, I also pay attention to whether Runes has some unspecified and exceeded innovations mentioned by the previous blog articles in addition to being a “currency issuance agreement”. I am afraid to wait until the Runes is officially released.