More than 112,000 Ordinals wallets are eligible for the airdrop.\n<\/p>\n
Crypto airdrops<\/a> have been in the spotlight over the past months, so it was only a matter of time before they reached Bitcoin<\/a>.<\/p>\n Runestones, a Bitcoin Ordinals<\/a> project led by pseudonymous Ordinals collector and self-proclaimed NFT historian LeonidasNFT, will distribute over 112,000 runestones to wallets that hold three inscriptions or more from any of the more than 2,300 collections that exist across the Ordinals space.<\/p>\n Ahead of the event, Runestone Ordinal inscriptions are trading on Solana-based OTC exchange, WhalesMarket<\/a>. The lowest price is $665, meanwhile the ceiling sits at $1,995.<\/p>\n Ordinals Inscriptions are the equivalent of Ethereum NFTs. They allow for non-financial data to be inscribed on the Bitcoin blockchain, from JPEGS to text to videos. Inscriptions get linked to an individual satoshi\u2013the smallest denomination of a bitcoin.<\/p>\n The \u201cfairdrop,\u201d as it was dubbed, comes in anticipation of Ordinal\u2019s creator, Casey Rodarmor\u2019s new protocol, Runes. Runes, which was announced in September and is set to launch in eight weeks, offers a UTXO-based alternative to the BRC-20<\/a> token standard\u2013given the latter\u2019s energy inefficiency.<\/p>\n UTXOs, or unspent transaction output, is the \u201cchange\u201d a bitcoin transaction leaves after sending funds to a different wallet. Rodarmor\u2019s Runes protocol aims to leverage this system by assigning tokens to a specific UTXO, allowing for a simple and efficient way to inscribe arbitrary data (Inscriptions) onto Bitcoin.<\/p>\n Each Runestone will transform into a Runes token when the protocol goes live.<\/p>\n The logic for Runestones \u201cis simple,\u201d wrote<\/a> Leonidas on Twitter on Feb. 23.<\/p>\n \u201cThe primary use case for blockchains today (not forever) is number go up,\u201d Leonidas NFT said, adding that the most honest form of number go up is non-utility meme coins.<\/p>\n <\/p>\n Start for free<\/a><\/div>\n <\/p>\n According to Leonidas, the top blockchain in the world should have the top meme coin in the world, and \u201cthe top meme coin in the world should be distributed via a massive free airdrop with no team allocation to the most based community.\u201d<\/p>\n The airdrop is highly hyped in the Ordinals community not only because of the potential \u201cfree money,\u201d but also because it is one step closer to Rodarmor\u2019s Web3<\/a> vision for Bitcoin.<\/p>\n Leonidas explained<\/a> that the Ordinals creator sees BTC as the base currency, with Runes fulfilling the role of fungible tokens, Rare Sats are semi-fungible tokens, and Inscriptions close the loop as NFTs<\/a>. Rare sats are a fraction of a bitcoin that was mined on a historical date, or in a block that has value to a specific person. An example is the first sat mined in the first halving block.<\/p>\nLike NFTs<\/h2>\n
Simple Logic<\/strong><\/h2>\n
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Rodarmor\u2019s Web3 vision<\/strong><\/h2>\n