OKX Jumpstart Introduces BTC Staking Opportunity for Runecoin Mining
OKX, a cryptocurrency exchange, has revealed the launch of a fresh mining phase for Runecoin through its OKX Jumpstart platform. Commencing at 7:00 am UTC on April 29 and concluding 24 hours later, this new initiative allows Bitcoin holders to stake their assets and receive Runecoin tokens in return.
Based on the Runes Protocol, Runecoin was initially distributed as a Pre-Rune airdrop to early Ordinals adopters. With a total supply of 21 billion tokens, Runecoin mirrors the well-known maximum supply of Bitcoin, which is capped at 21 million tokens.
This event is noteworthy as it is the first time a Bitcoin rune has been included on a major exchange. This move expands Runecoin’s visibility and potentially enhances the engagement and understanding of Ordinals and Runes within the Bitcoin ecosystem.
As per the distribution strategy outlined by the platform, 92.00% of the Runecoin total token supply is allocated for airdrops. The team retains 5.00%, while 1.75% is designated for OKX Jumpstart participants, and 1.25% is set aside for liquidity purposes. Participants in the BTC staking pool have the opportunity to mine 367,500,000 Runecoin tokens.
To take part, users can deposit BTC into their funding accounts on the OKX application, proceed to the Grow section to access Jumpstart, and utilize the “Stake” button to initiate the mining process. After the event, they can select “Unstake” to retrieve their BTC, which will automatically return to their funding account. If the unstaking process is not completed by the end of the event, the tokens will still be distributed to the users’ accounts.
In addition, Runecoin has announced its partnership with OKC Jumpstart in an X post dated April 29. The platform considers this a pivotal moment for the community and “a significant step forward for the entire Runes ecosystem.” Furthermore, they highlighted that this collaboration opens doors for high-volume trading with low fees, rapid execution, a seamless user experience, and a wide reach to global users.
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