Runestone: An Emerging Bitcoin Rune Project

Recently, the Bitcoin ecosystem welcomed a new rune project—Runestone (symbol ᛤ). The emergence of this project has garnered widespread attention from the community, mainly due to its unique airdrop mechanism and fair distribution philosophy.

Project Background

The Runestone project was initiated by the founder of a well-known Ordinals platform, inspired by the previously highly regarded $RISC project. Compared to $RISC, Runestone adopts a fairer and more inclusive strategy in token distribution. The project initiators believe that the distribution method of $RISC has certain limitations, thus deciding to launch a free airdrop project aimed at the broader Ordinals community.

Airdrop Details

The total supply of Runestone is set at 110,000 coins, following the "one address one coin" distribution principle. The project team has completed the snapshot at Bitcoin block height 826,600 (exactly one year since the birth of Ordinals). Initially, Runestone will be airdropped in the form of inscriptions to eligible addresses. Once the rune protocol is developed, holders will be able to receive corresponding Runestone runes at a 1:1 ratio.

Obtain Qualification

According to the latest standards released by the project party, addresses that meet the following conditions will be eligible for the Runestone airdrop:

• Hold 3 or more non-text/non-JSON format runes

During the screening process, the project team considered multiple factors, including the number of runes held by the address and the file types of the runes. It is worth noting that cursed runes were also included in the considerations.

Runes and Cultural Origins

The symbol ᛤ used in Runestone comes from the Anglo-Saxon rune system, and its specific meaning is currently inconclusive. The word "Rune" means "secret" in Greek, and it is said to have been created by Odin, the chief god in Norse mythology. This rune can be traced back to the year 101 AD and is still widely used in various esoteric studies today.

Precautions

1. The snapshot has been completed, no additional rune minting is required.
2. The specific time for the airdrop has not yet been determined. It is recommended to pay attention to the official channels of the project party for the latest information.
3. The initial airdrop is in the form of Runestone, and the rune version will be exchanged at a 1:1 ratio after support from the Bitcoin protocol.
4. Runestone adopts a free airdrop model, users do not need to perform any minting operations, and should be wary of scams.

Currently, the preliminary airdrop list for Runestone is available for inquiry, but the project team has stated that this is not the final version and there may be updates later. As the project progresses, more details are expected to be revealed. For enthusiasts and participants in the Bitcoin ecosystem, Runestone is undoubtedly an emerging project worth paying attention to.