Runes Fungible Token Standard is Live on the Bitcoin Blockchain, Enabling Token Creation via Bitcoin’s UTXO Model and OP_RETURN Field, Akin to BRC20

Since the Bitcoin halving the brand new fungible token standard called “Runes” is live on the Bitcoin blockchain. Same as BRC20 it allows the creation of fungible tokens on Bitcoin by leveraging its UTXO model and the OP_RETURN field of a Bitcoin block.

The highly anticipated launch of RunesTerminal is slated for July 2nd, 2024. The platform, which began development in February (2 months before the Runes protocol went live), aims to redefine how projects launch and tokens are distributed within the growing bitcoin and Runes ecosystem.

RunesTerminal introduces a suite of products centered around the Runes protocol, designed to enhance user engagement and security throughout the token creation and launch process. Key offerings include:

RunesEtcher: A tool enabling users to create rune tokens effortlessly, available at etch.runesterminal.io.

RunesScan: A forthcoming block explorer dedicated to runes, enhancing transparency and accessibility.

RunesBook: A comprehensive wiki providing essential terminology and insights at book.runesterminal.io.

RunesPad: The flagship dual launchpad featuring a unique ranking system for Initial Decentralized Offerings (IDOs). Projects launch on Ethereum Virtual Machine (EVM), with token distribution occurring on the Runes protocol (Bitcoin side), ensuring cross-chain compatibility and broad market reach.

At the core of the ecosystem is the RUNI governance token, essential for participation in IDOs hosted on RunesPad. Users holding RUNI gain proportional allocation privileges based on their token holdings, fostering a fair and efficient fundraising environment. The more RUNI held, the greater the allocation potential during project fundraises.

RUNI will debut on major centralized exchanges (CEXs) including Gate.io, MEXC, and BitMart Exchange, as well as decentralized exchanges (DEXs) such as Uniswap and DotSwap. Additionally, RUNI tokens distributed during IDOs on other launchpads like Seedify Fund, ChainGPT Pad, CvPad, and DuckDao will be tradable on these platforms, expanding market exposure and liquidity.

“We’re excited to unveil RunesTerminal and its innovative features,” said Dom, CEO of RunesTerminal. “Our platform not only facilitates seamless token creation and distribution but also enhances community engagement through robust governance mechanisms.”

The token generation event (TGE) for RUNI is scheduled for July 2nd, 2024, at 12:00 PM UTC, marking a significant milestone for the project and its community. Interested parties are encouraged to prepare wallets and load funds onto participating exchanges to participate in this landmark event.

At launch, the tokenomics for $RUNI include a total supply of 21,000,000 tokens, priced at $0.945 per token. This sets the initial market capitalization at $1,399,072, with a fully diluted valuation (FDV) reaching $19.8 million.

About RunesTerminal

RunesTerminal is a blockchain infrastructure platform dedicated to enhancing the token launch experience through its unique suite of products and governance token, RUNI. Built with a focus on usability and security, RunesTerminal empowers users to participate in decentralized finance (DeFi) initiatives with confidence and transparency.

For more information on RunesTerminal and RUNI, follow the project on Twitter.