{"id":11090,"date":"2024-02-27T17:51:22","date_gmt":"2024-02-27T15:51:22","guid":{"rendered":"https:\/\/forklog.com\/en\/runestone-project-to-conduct-bitcoin-airdrop\/"},"modified":"2024-02-27T17:51:22","modified_gmt":"2024-02-27T15:51:22","slug":"runestone-project-to-conduct-bitcoin-airdrop","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/runestone-project-to-conduct-bitcoin-airdrop\/","title":{"rendered":"Runestone Project to Conduct Bitcoin Airdrop"},"content":{"rendered":"<p>The developers behind the Bitcoin &#8220;inscriptions&#8221; project, Runestone, have announced a distribution of native tokens on the network of the first cryptocurrency. The criteria for the airdrop were detailed by the protocol&#8217;s founder, known by the pseudonym Leonidas, in an interview with <a href=\"https:\/\/decrypt.co\/219113\/bitcoin-ordinals-runestone-airdrop-leonidas-casey-rodarmor-runes\">Decrypt<\/a>.\u00a0<\/p>\n<p>Addresses eligible for the coins must contain at least three &#8220;inscriptions,&#8221; excluding those starting with &#8220;text\/plain&#8221; or &#8220;application\/json.&#8221;<\/p>\n<p>Eligibility for the distribution can be checked using a tool provided by the OKX exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Shout out to <a href=\"https:\/\/twitter.com\/okx?ref_src=twsrc%5Etfw\">@okx<\/a> for creating a tool to check if your Ordinals address will receive the Runestone airdrop!<\/p>\n<p>ARE YOU READY TO GET STONED?<\/p>\n<p>\u2192 <a href=\"https:\/\/t.co\/DO0vMfGhF8\">https:\/\/t.co\/DO0vMfGhF8<\/a> <a href=\"https:\/\/t.co\/ZQaetPEFIb\">pic.twitter.com\/ZQaetPEFIb<\/a><\/p>\n<p>\u2014 Leonidas (@LeonidasNFT) <a href=\"https:\/\/twitter.com\/LeonidasNFT\/status\/1762214471471174008?ref_src=twsrc%5Etfw\">February 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the conditions, a Runestone-eligible address must contain inscriptions in blocks up to height 826,600.<\/p>\n<p>A total of 112,383 wallets have already qualified for the airdrop. Leonidas stated that each will receive one &#8220;runestone.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is a decentralized and 100% voluntary effort \u2014 last month I proposed the idea of a large-scale distribution to reward the pioneers of the Ordinals community. There is no team allocation, no organization behind it, no utility, and no roadmap,&#8221; he declared.\u00a0<\/p>\n<\/blockquote>\n<p>The developer noted that more than ten different companies within the &#8220;inscriptions&#8221; ecosystem have donated funds and technical resources for the airdrop&#8217;s implementation.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/app.whales.market\/offer\/0bf4dd0a-01ff-4796-b06a-0ee1ec87cf6d\">Whales Market<\/a>, the minimum price for Runestone on the pre-market is $545.\u00a0<\/p>\n<p>Leonidas emphasized that the project&#8217;s name links it to the fungible token standard \u2014 Runes, proposed by the Ordinals protocol author Casey Rodarmor.<\/p>\n<p>Runestone is part of this ecosystem but is not yet a token, the developer noted. The launch of the main network and the coin is planned post-halving.\u00a0\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Runestone is a precursor to Runes, where the &#8216;inscription&#8217; received during the distribution will convert into a protocol token after its launch in eight weeks,&#8221; Leonidas explained.\u00a0<\/p>\n<\/blockquote>\n<p>Previously, Bitcoin Core developer Luke Dashjr stated that the Ordinals protocol contributes to spam in the network and predicted its imminent demise.\u00a0<\/p>\n<p>Later, Bitcoin &#8220;inscriptions&#8221; were added to the U.S. National Vulnerability Database.<\/p>\n<p>In December 2023, user OG General purchased one of the early NFTs on the Bitcoin blockchain from the Honey Badger collection for 10.4 BTC (approximately $450,000 at the time of the transaction).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers behind the Bitcoin &#8220;inscriptions&#8221; project, Runestone, have announced a distribution of native tokens on the network of the first cryptocurrency. The criteria for the airdrop were detailed by the protocol&#8217;s founder, known by the pseudonym Leonidas, in an interview with Decrypt.\u00a0 Addresses eligible for the coins must contain at least three &#8220;inscriptions,&#8221; excluding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1176],"class_list":["post-11090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-ordinals"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11090"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11089"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}