Discover the Loot! Ordinals Airdrop starts Bitcoin Token Manufacturing Game

Discover the Loot! Ordinals Airdrop starts Bitcoin Token Manufacturing Game


In anticipation of the launch of the Runes token standard, Ordinals programmers and collaborators announced a series of airdrops related to this development, which will arrive in the coming days, although there is no definitive date.

On this occasion, one of the developers of the Ord.io wallet and marketplace disclosed that 100,000 addresses would each receive an Ordinals registration, "where the whales obtain the same amount as the 100,000th most active member (1 registration)" says Leonidas, who also hosts The Ordinals. It is presumed that these inscriptions that will be distributed will be rune-type tokens.

It made my day to see the incredible reception that the idea of ​​an open source, unassigned Runes airdrop for 100,000 addresses has had.

Leonidas, Ord.io developer and host of The Ordinals Show.

He added that so far he has received more than $60,000 to finance the Bitcoin network fees, because registrations usually have a higher cost and the number of transfers that an airdrop entails represents a high total fee cost. Everyone who commits [with contributions] knows that they will not get anything additional in exchange for doing so. They just want this to happen and for a spirit of freedom and justice to continue to proliferate in Runes," he said.

The Runes standard was created by Casey Rodarmor, also creator of the Ordinals protocol. Rodarmor claims that Runes is simpler and more adaptable than other standards or protocols for issuing fungible tokens in Bitcoin such as the BRC-20 standard, RGB, Counterparty, Omni Layer, and Taproot Assets. This could appeal to developers and users looking for a more user-friendly approach to creating tokens in Bitcoin.

The Ordinals airdrop season began yesterday, with the launch of RSIC, an inscription in generative art format (NFT) that is used to play and claim loot of runes or tokens.

 According to the Runecoin white paper, the airdrop was intended to distribute 21,000 RSIC (Rune Specific Enrollment Circuits) enrollments, a type of non-fungible token that was distributed to Ordinals users randomly. Runecoin is described as a peer-to-peer rune allocation system. «RSICs are designed for the sole purpose of securing a bag of runes. These runes will be engraved in our foundry after the rune protocol is launched in bitcoin," says the Runecoin team, which describes the game of creating runes with a "post-industrial" narrative: there is literally one address that manufactures the RSICs, several addresses that distribute them and then there will be an address to "melt and record" the tokens or runes, as well as many others to distribute them.

To play, people must discover if their Ordinals wallets contain any of the 21,000 inscriptions, which can be described as "generative art" because they are animated images of a set of symbols (that ancient Germanic alphabet).

Once someone discovers that there is one or more RSICs in their wallets, they have to make a transaction (it can be to their own address) to activate the token. RSIC owners have three options: mine runes, sell the RSICs on the markets, or simply do nothing, as the Runecoin team ironically says. «In each Bitcoin block, runes will be assigned to the address, keeping RSIC activated. Until the offer is fully allocated," the document states. People can have as much RSIC as they want and 10% is reserved for developers.

For its part, the assignments are of 4 types. The first offers a fixed reward of 21 runes per block for each active RSIC. The second is called boosted , and the instructions will be disclosed with the entry 4703400000000. The third is an additional reward per block allocated through random hash alignment. “If your RSIC's type code aligns with the last digit of a given blockhash, your RSIC mines 336 runes in that block. “All RSICs indicate the hash alignment with the current block with a visual signal (hint: orange),” the white paper describes.

And finally, there is the halvening type assignment type allocation , which consists of 5 allocations (5% + 4% + 3% + 2% + 1% of the rune supply) in block 840,000. Each RSIC registration will receive one ticket to this drawing for each consecutive block held at the address that held it when block 840,000 is mined. The Runes protocol is not yet activated, so RSIC owners must wait a while before claiming their runes.

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