OKX Jumpstart has introduced a new mining phase for Runecoin via its platform. Bitcoin holders can now stake their assets to earn Runecoin tokens. Runecoin, running on the Runes Protocol, was initially distributed through an airdrop to early adopters. This initiative aims to boost Runecoin's visibility and encourage engagement within the Bitcoin ecosystem. The total token supply of Runecoin is 21 billion, aligning with Bitcoin's capped supply of 21 million tokens.
In a distribution strategy outlined by the platform, 92% of the token supply is reserved for airdrops, with a portion retained by the team and allocated for liquidity purposes. Participants in the BTC staking pool have the opportunity to mine 367,500,000 Runecoin tokens. To get involved, users need to deposit BTC into their OKX funding accounts, access Jumpstart in the Grow section, and click on "Stake" to start mining.
Participants can unstake their BTC after the event to retrieve their assets, which will be automatically returned to their funding accounts. Runecoin has announced a partnership with OKX Jumpstart, describing it as a significant milestone for the Runes ecosystem, bringing opportunities for high-volume trading with low fees and global user accessibility.
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