Cryptocurrency exchange OKX has unveiled a fresh mining phase for Runecoin on its OKX Jumpstart platform. Beginning at 7:00 am UTC on April 29 and lasting for 24 hours, a new opportunity allows Bitcoin holders to stake their assets and earn Runecoin tokens in return.
Runecoin, which is built on the Runes Protocol, was initially distributed as a Pre-Rune airdrop to early Ordinals adopters. With a total supply of 21 billion tokens, Runecoin mirrors the familiar maximum supply of Bitcoin, which is capped at 21 million tokens.
This development signifies the first instance of a Bitcoin rune being featured on a major exchange, expanding Runecoin’s exposure and potentially deepening the involvement and comprehension of Ordinals and Runes within the Bitcoin ecosystem.
As per the distribution plan laid out by the platform, 92.00% of the total Runecoin token supply is set aside for airdrops. The team holds 5.00%, while 1.75% is reserved for OKX Jumpstart participants, and 1.25% is allocated for liquidity purposes. Participants in the BTC staking pool stand to mine 367,500,000 Runecoin tokens.
To take part, users can deposit BTC into their funding accounts on the OKX app, head to the Grow section to access Jumpstart, and hit the “Stake” button to kick off the mining process. Following the event, they can choose to “Unstake” to retrieve their BTC, which will automatically return to their funding account. If the unstaking is not completed by the event’s end, the tokens will still be distributed to the users’ accounts.
In addition, Runecoin revealed its collaboration with OKX Jumpstart in an X post dated April 29, hailing it as a pivotal moment for the community and “a significant stride forward for the entire Runes ecosystem.” They also highlighted that it paves the way for high-volume trading with low fees, rapid execution, a seamless user experience, and a wide reach to global users.
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