The "BTC–Runes" trading pair of RunesCoin•DEFI, the first rune launchpad asset, will be launched on the DotSwap platform on time on April 24 at 20:00 Hong Kong time!
With the halving of Bitcoin mining rewards and the imminent launch of the Rune Protocol, the entire Bitcoin ecosystem is ushering in a revolutionary change. As the first DotSwap team to launch a BTC-native AMM Swap product, it is natural that it has also set its sights on the rune protocol. In this update, DotSwap not only enhances existing features, but also leads the industry in technological innovation.
Since the start of the public beta in September 2023, DotSwap has been running smoothly for more than 200 days, with a trading volume of nearly 400 BTC, a TVL of nearly 40 BTC, and more than 9,000 on-chain transactions. The continuous growth of various data and the rapid iteration of products demonstrate the strength of DotSwap as a long-term builder within the BTC ecosystem.
符文 Launchpad
DotSwap has announced the development of the revolutionary Runes Launchpad feature. This feature adopts a unique "Mint + liquidity" launch model, which not only ensures the fair launch of assets, but also enables the creation of liquidity pools in the first place. This mechanism greatly improves the convenience of operation for project parties and investors, and also solves the much-criticized user pain points of BTC assets (such as BRC20, ARC20, etc.):
- Low Liquidity: The BRC20 traditional order book trading market is illiquid, highly at-wear and tearful, and there is a downward spiral in floor prices when market sentiment is low. All BTC provided by Runes Launchpad users when participating in the launch will be automatically added to the initial liquidity pool created through DotSwap, and after the launch is completed, runes can be traded on DotSwap at any time and in any amount, which will bring asset liquidity and trading convenience to runes.
- Low user engagement: Users who participate in Mint tend not to hold for a long time, and there are not many use cases for trading and using assets. Users who participate in the launch on Runes Launchpad will automatically become LPs (liquidity providers) of the liquidity pool, and immediately start earning transaction fee income, which not only improves the depth of liquidity pool (TVL), but also gives users more confidence in long-term holding, so that assets have more application scenarios.
- Low degree of freedom of the project party: In order to meet the needs of users for fair launches, high-quality project parties often need to conduct large-scale airdrops, which is complex and costly. Runes Launchpad's automated process of "launching, adding liquidity, and distributing tokens" will greatly lower the operational threshold for the project side, allowing the project side to have more energy and resources to focus on the construction of the project and the improvement of asset application scenarios, and can also further attract more high-quality projects to enter the Bitcoin circle, bring more funds to rune assets, and provide more TVL for the BTC DeFi ecosystem.
Runes Launchpad provides excellent answers to these questions, demonstrating DotSwap's leadership in technological innovation and unique understanding of user needs and operational strategies.
Thanks to the high interest of the rune protocol and the innovative launch mechanism, the first project "RunesCoin•DEFI" launched on the Runes Launchpad was a great success: more than 500 participating users jointly created an initial liquidity pool of 4.5 BTC. Once launched, the projects on Runes Launchpad have the highest TVL and asset liquidity in the rune ecosystem, demonstrating the high efficiency of Runes Launchpad and the full reflection of investors' trust in it. According to the latest tweet from the official X account, the BTC–RunesCoin•DEFI trading pair will open at 20:00 Hong Kong time on April 24, allowing users to trade any amount of runes on the chain at any time, creating a precedent for the rune ecosystem AMM Swap.
With the innovative mechanism of Runes Launchpad and the successful launch of the "RunesCoin•DEFI" rune project, we can expect DotSwap to continue to expand its influence in the rune ecosystem, stimulate more vitality and capital flow in the BTC ecosystem, and lead a new wave of Bitcoin DeFi.
符文 AMM Swap
As the first team to launch BTC's first-layer native AMM Swap, DotSwap has successfully applied the AMM model to the Runes rune protocol. Through the Runes Swap feature provided by DotSwap, users can freely exchange BTC and rune assets at any time and for any amount. The launch of Rune AMM Swap not only brings richer liquidity to Rune assets, but also greatly improves the trading experience and provides users with more efficient services.
In addition, the latest iteration of DotSwap, V3, also introduces an upgraded multisig wallet mechanism. Through the cooperation with BitGo, a well-known asset custodian, and Safeheron, a computing service provider, this mechanism greatly improves the security of the assets in the liquidity pool, ensuring the security of every transaction on DotSwap.
Rune substitution, etching tools, BTC acceleration tools
In addition, DotSwap will also launch a one-stop BTC service platform, DotSwap Tools, which includes a series of rune-related tools, including Mint, Etch, and BTC transaction acceleration tools. The overall operation experience of the platform is smooth and convenient, easy to use, and all tools are currently zero service fees, providing users with convenient and fast functions, and is a powerful assistant for rune ecological users to participate in the minting and trading of rune assets.
summary
DotSwap has become a leader in the BTC DeFi ecosystem, and its technical strength and forward-looking strategy make it stand out in the highly competitive rune market. With years of experience in Bitcoin development, coupled with the newly launched rune protocol, DotSwap continues to optimize its products and services to meet the growing needs of users. In particular, Runes AMM Swap and Runes Launchpad are two major products, which not only solve the main user pain points in the market, but also lead the industry trend through innovation. Looking forward to the future after the BTC halving, with the further development of the BTC DeFi ecosystem, DotSwap is expected to continue to expand its rune market share, providing users with more value and endless development potential!
App: https://dotswap.app
X: https://twitter.com/dots_swap
Telegram: https://t.me/DotSwapGroup
Discord: https://discord.gg/dotswap