Author: Beatrie
X/Push: @lilyanna_btc
1. The number of characters is long, and the words are complete, but I can't understand them
Due to the character length limit of the Runes protocol, most of the tickets are 13 characters or more, and personal names, domain names, slogans, and all kinds of gameplay have come out. Many people are used to the BRC-20's concise 4 characters, and they are not used to such a long tick name for a while, but in fact, there is more room to play, especially many OGs in the Western community, all kinds of memes are having fun. Runes will slowly evolve into their own tick meme culture
In addition to researching the background of the token, you can also do a preliminary screening from the parameter level.
- Is the Premine ratio reasonable?
- Is there enough cap?
- Holder 数是否够多？都快打完了 持有人才 100 出头的慎重
- Progress is more than 90% prudent, the rate has fluctuated too much lately and is easy to be buried.
- If you prefer to play with East-West consensus assets, see if the name of the token is in line with Western culture, Chinglish may be difficult to understand at a glance.
2. The on-chain rate has soared, and many people are confused
The network fee for transfers, the network fee for scanning orders in the trading market, and the network fee for preparing the wallet to split Dummy UTXO......
These fees have always existed, but before it was only a few U or a dozen U, but recently the rate has increased by 10 times, and the network fee has climbed to the order of 100 U, and everyone suddenly realized these fees.
Some time ago, I gave a tutorial to let everyone prepare their wallets, and when I made money to the new wallet, I opened a few 600 satoshi Dummy, and the tutorial was so long that many people didn't notice this paragraph.
A WeChat friend went to the market to scan goods at a rate of 2000+, but was prompted to prepare a wallet and spent 800U in network fees, just to dismantle Dummy, and has not yet entered the formal order scanning process. I also felt sorry for him when I sent it to me, but the network fee is for miners, which is the rule on the BTC chain, and it can only be used as tuition.
And what I mentioned before, when the rate is above 300, when you scan the order on Magic Eden, the optical network fee will be 100U+, and some big brothers have not realized the wear and tear of the network fee.
There is no way around these fees, either you wait for the rate to come down before you operate, or you go to the second floor to play, and the second layer has low gas!
3. Can I transfer money, how to place orders, and can I split them?
1️⃣ Unisat Wallet, OKX Wallet and other commonly used wallets already support Runes transfers, so you can use them with confidence.
2️⃣ At present, the pending order experience in most markets is still more basic, directly select the UTXO where the rune is located, and place orders in UTXO, guessing more from a security point of view, first on the basic functions, and there will be a more complex and flexible market in the future.
3️⃣ Split and merge: The Runes protocol itself has a very useful split and merge operation, but like the previous article, the early infrastructure platforms may not have direct support for security reasons (after all, Runes has a cenotaph setting, and all the runes in the input will be burned for you if you don't handle it well).
In the short term, if you want to merge your Runes balance into a large UTXO, you can do so through wallet transfers.
For example, if you have 8 x tokens, each of 100 x tokens, on 8 UTXOs, then you transfer 700 x tokens to yourself in your wallet, you can merge them into a UTXO, after the transfer is completed, you will have 1 UTXO with 700 x tokens and 1 UTXO with 100 x tokens, and you can place orders separately.
(Note: The transfer process also needs to spend network fees!And the more UTXO you transfer, the higher the network fee!)
The same is true for splitting, just transfer money to yourself according to the number of tokens you want.
4. That's it for the Runes protocol, there are no bright spots, it's scattered
It has only been 2 days since the Runes protocol was officially launched, and everyone has not yet experienced the reuse of UTXOs, batch airdrops, flexible pending orders, and various advanced operations due to the relatively conservative infrastructure in the early days. Come back in two weeks.
BTW, the elegant operation of efficiently airdropping runes to thousands of addresses in batches in a single transaction, RSIC's Dev has already practiced!
Onlookers Portal:
https://mempool.space/tx/0a0d73b38bf4dedbf108f4196618a7ae4b1b5c0600af4d384fba03d8932e428d
5. Share a little bit of personal experience in choosing a rate
Let's look at the Mempool first, if it is more than 5 minutes since the last block, and the progress of the ticket I hit is less than 60%, I will probably choose the rate of (1) this position in the map (that is, the level of the recommended rate in the middle a little to the right, about 70% of the position) If the last block in Mempool has just come out for less than 5 minutes, then it will take a long time to the next block, and I may choose (2) This position, about 90% of the inflection points formed here. If I have more than 70% of the votes, and there is still a lot of Fomo on the chain, I may directly give 150% of the referral fee (for example, if the referral fee is 100, I will directly give 150 or even higher) than get stuck in the mempool or buried.
Disclaimer: This article is for informational purposes only and should not be used as legal, tax, investment, financial or any other advice and does not represent the position of RunesCC.