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RSIC•GENESIS•RUNE(RUNECOIN) Mining on OKX Jumpstart
The OKX Jumpstart Mining will commence at 7:00 am UTC on April 29, 2024. BTC holders can stake BTC to mine RUNECOIN tokens in return.
I. Staking rules
Token earned:RUNECOIN
Amount of mineable tokens in BTC staking pool:367,500,000 RUNECOIN
Mining period:7:00 am UTC on April. 29, 2024 - 7:00 am UTC on April. 30, 2024
Minimum staking per person:None
Maximum staking per person for BTC:0.3 BTC
Staking period:Stake and unstake at any time
Opening time for mined token trading:April.30, 2024 until further notice
Ⅱ. Conditions of participation
- The following countries and regions are ineligible in this campaign: Mainland China, Hong Kong, and Korea.
- Need to complete identity verification.
- Sub-accounts cannot participate in this event.
III. Calculation of staking rewards
- The staking rewards refer to tokens acquired by participating in OKX Jumpstart Mining, which are calculated in real-time and can be withdrawn at any time.
- Users' per minute rewards = The amount of their staked token / Total amount of staked token * The amount of tokens released per minute. For example: If a user has staked 0.1 BTC, the total amount of BTC staked at that time is 1,000, and the amount of tokens released per minute is 10,000, then the user's per-minute rewards would be calculated as follows:User's per minute rewards = (0.1 / 1,000) * 10,000 = 1 (token).
IV. Staking and unstaking directions
- Staking process: Step 1: Before the mining starts, transfer your BTC to your funding account.Step 2: Log in to the OKX official APP, go to the Grow section, and click Jumpstart.Step 3: After the mining starts, click Stake, enter your desired amount of BTC and confirm. After completing these three steps, you'll start mining!
- Unstaking process: Click Unstake to release your BTC at any time, and the BTC will be automatically returned to your funding account.
- If you don't unstake early before the end of mining. When the mining is done, the tokens staked as rewards will be automatically distributed to your funding account within 2 hours after the event ends.
- The time to enable deposit, withdrawal, and trading will be announced later.
V. IntroductionAbout Runecoin (RSIC•GENESIS•RUNE)
Runecoin (RSIC•GENESIS•RUNE), built with the Runes Protocol, is the first Pre-Rune airdropped to the early adopters of Ordinals. It creates a unique opportunity for people to engage with Bitcoin, setting the stage for a more vibrant and user-centric ecosystem. This is a step towards a more decentralized and better future. Runecoin is a token designed with intention and innovation. As the 8th Rune etched on the Runes protocol with the airdrop size of 888 Satoshis, it adds a touch of 'luck' by echoing the symbolic meaning of the lucky number 8 in culture. Runecoin's 21 billion token supply also pays tribute to Bitcoin's famous 21 million 'hard cap.'
- Project name: RSIC•GENESIS•RUNE
- Total supply:21,000,000,000
- Official website: https://runecoin.io/
- Twitter: https://twitter.com/rune_coin
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