OKX Integrates Runecoin Mining Through Jumpstart, Empowering Bitcoin Holders

Crypto exchange OKX has introduced a new mining phase for Runecoin on its OKX Jumpstart platform. Starting April 29th, 7:00 am UTC, Bitcoin holders can stake their assets and earn Runecoin tokens in return. This initiative marks the first Bitcoin rune listing on a major exchange, potentially enhancing engagement with Ordinals and Runes in the Bitcoin ecosystem.

OKX Unveils Major Initiative, Integrating Runecoin Mining Through Jumpstart Platform

In a groundbreaking move, OKX, the renowned crypto exchange, has announced the launch of a dedicated mining phase for Runecoin via its OKX Jumpstart platform. This initiative, commencing on April 29 at 7:00 am UTC and lasting for 24 hours, empowers Bitcoin holders to participate in a high-yield staking program, earning Runecoin tokens as rewards.

Runecoin: A Game-Changer in the Bitcoin Ecosystem

Runecoin, anchored on the innovative Runes Protocol, was initially distributed as a Pre-Rune airdrop to pioneering adopters of Ordinals, the revolutionary technology extending the functionality of the Bitcoin blockchain. With a total supply mirroring Bitcoin's scarcity, capped at 21 billion tokens, Runecoin has garnered significant attention within the Bitcoin community.

This partnership with OKX marks a watershed moment, integrating the first Bitcoin rune into a major exchange. It amplifies Runecoin's presence and fosters wider understanding and engagement with Ordinals and Runes throughout the Bitcoin ecosystem.

Distribution Strategy and Mining Details

As per the meticulously crafted distribution strategy, 92.00% of the total Runecoin supply is allocated for airdrops, with the team retaining 5.00%. A significant portion, 1.75%, is designated for OKX Jumpstart participants, while 1.25% is committed to liquidity purposes. The BTC staking pool offers an exclusive opportunity to mine a substantial 367,500,000 Runecoin tokens.

Participants eager to join the mining expedition can effortlessly deposit BTC into their funding accounts on the OKX application. Navigating to the "Grow" section, they can access Jumpstart and initiate mining by utilizing the "Stake" button.

Upon completion of the event, users can opt to "Unstake" and retrieve their BTC, which will be seamlessly returned to their funding account. It's noteworthy that unstaking must be executed before the event's conclusion to ensure successful distribution of tokens to users' accounts.

Partnership Announcement and Its Significance

Runecoin, in an official announcement on April 29, celebrated its partnership with OKX Jumpstart, recognizing it as a pivotal moment for the community and a substantial leap forward for the entire Runes ecosystem. The partnership unlocks numerous advantages, including high-volume trading with minimal fees, lightning-fast execution speeds, an intuitive user experience, and extensive outreach to a global user base.

Conclusion

OKX's launch of Runecoin mining through Jumpstart is a transformative initiative that propels the adoption and utility of Ordinals and Runes within the Bitcoin ecosystem. It opens doors to enhanced trading opportunities, broader awareness, and a wider range of applications for these innovative technologies. As Runecoin gains traction and the Runes ecosystem flourishes, it's evident that the integration of Bitcoin runes into major exchanges will continue to reshape the crypto landscape, fostering innovation and empowering users with unprecedented opportunities.