With the rapid development of blockchain technology and the completion of BTC halving, the launch of BTC Runes on Bitcoin provides a new form of asset. This article details how to prepare, inscribe, and invest in these runes, as well as related risk management strategies.

I. Preparation

(A) Full Node + Ord Wallet Preparation (Optional)

1. Preparation and installation of Bitcoin full node

• Download and install: Download the Bitcoin full node software suitable for Windows from the Bitcoin Core official website and install it.

  

• Configure storage space: During the installation process, choose a custom data directory to ensure sufficient hard disk space (at least 1TB) and deselect the option to limit blockchain storage to 2GB.

• Modify configuration file: Add txindex=1, server=1, and the appropriate assumevalid setting to the configuration file of the Bitcoin client.

• Data synchronization: After starting the Bitcoin client, data synchronization will start automatically, and the data of the full node will continue to grow, currently requiring over 800GB of storage space.

  

1. Installation and configuration of development tools

• Visual Studio: Visit the Visual Studio official website to download and install the Community edition, and select "Desktop development with C++."

• Rust: Visit the Rust official website to download and install the version suitable for your operating system.

1. Installation and configuration of Ord client

• Clone the Ord repository: Clone the code from the Ord official GitHub repository and build it in the local environment using the command cargo build --release.

• Configure ORD index data: Use the ORD client to update the block index and ensure that the .cookie file path is correctly configured.

1. Execute commands on the mainnet

• Start the mainnet: Ensure that the configuration file of Bitcoin Core is correctly set to connect to the main network.

• Create a wallet: Use the ORD client to create a new wallet, record the mnemonic phrase, and generate a receiving address.

• Mint (deploy) runes: Configure the details of your rune tokens in a specified batch file (such as batch.yaml).

  

1. Minting and trading runes

• Minting runes: Refer to the GitHub commands to mint your rune tokens on the mainnet and operate based on the set fees and rune names.

• Transfer and check balance: Use the wallet send and wallet balance commands to transfer runes and check balances.

Notes

• Ensure that the Bitcoin full node and ORD client always remain synchronized with the main network.

• Keep the command window open during operations to avoid interruptions.

• As the status of the Bitcoin network changes, it may be necessary to adjust network fees and storage requirements.

(B) Wallet Preparation

Wallet preparation:

• Multi-wallet strategy: It is recommended to prepare multiple wallets, such as Unisat Wallet, OKX Wallet, and Xverse Wallet. Each wallet may support different types of assets and transactions.

• Wallet addresses: Provide wallets that support BTC addresses, such as addresses starting with "3" and "bc1". These are Bitcoin SegWit addresses that can improve transaction efficiency.

UTXO management:

• Large UTXOs: Prepare at least 4 large UTXOs for each wallet address, each with a value of at least $500. This is because high on-chain fees may make it costly to transact with small UTXOs in multiple transactions.

• Dummy UTXOs: Prepare the necessary number of Dummy UTXOs based on transaction requirements to optimize fees and efficiency.

Download and usage guide:

• Download link for Xverse Wallet: Xverse Wallet Download.

Fee considerations:

• It should be noted that the Gas Fee of Bitcoin (i.e., network fee) may increase during network congestion or data growth. Especially after the Bitcoin halving event, network fees usually rise significantly, with the current gas fee being over 1000.

(C) Tools and Website Preparation

To facilitate the viewing and management of these assets, there are multiple tools and platforms to choose from:

View rune lists

• Ord.io

• Ordiscan: Visit website

• Luminex: Visit website

• Ordinals.com

• Rune Alpha: Visit website

• Rune Store: Visit website

• Rune BTC: Visit website

• Magic Runes: Visit website

View pre-minted runes

• Luminex: Visit website

• Rune Store: Visit website

Rune inscribing (Minting) platform

• Rune Store: Visit website
• Unisat: Visit website
• OKX: Visit website
• Genii Data: Visit website
• Satosea: Visit website
• Ordiscan: Inscribe specific runes
• Ruins Garden: Visit website

Transaction acceleration:

• https://dotswap.app

These tools and platforms provide functionality for viewing, inscribing, and managing runes.

4. Obtaining Projects

Here are the profiles of the top ten blockchain projects currently attracting attention in the market:

1. UNCOMMON•GOODS #0 - Developed by @rodarmor, this is a long-term project expected to take 4 years to mint.
2. Z.2·Z·Z·Z·FEHU·Z·2·2·2· - Released by @fehulayer, with a total supply of 110 million, 99.99% of which is pre-mined by the project party, mainly for airdrops. Only 0.0022% is available for regular user minting, and there are currently 865 holders.
3. DECENTRALIZED - Developed by @CyberKongz, specifically for airdropping to Prometheans community members.
4. DOG·GO·TO·THE·MOON - Deployed by @LeonidasNFT, this project is 100% pre-mined and is exclusively for #Runestone holders for airdrops.
5. THE·RUNIX·TOKEN - Allegedly deployed by @BVMnetwork, this project is also 100% pre-mined.
6. DOG·DOG·DOG·DOG·DOG - Project party currently unknown, also implementing a 100% pre-mining strategy.
7. SATOSHI·NAKAMOTO - Project party unknown, but currently the project has the highest minting heat in the market.
8. MEME·ECONOMICS - Project party undisclosed. The total issuance of the project is 10.05 million, with 41.76% pre-mined by the project party. Minting has been completed.
9. RSIC·GENESIS·RUNE - Initiated by @rune_coin, exclusively for #RSIC miner holders to distribute mining tokens. The RSIC halving lottery has ended, and the list of winners includes: [8959, 20136, 19732, 12562, 1290].
10. LOBO·THE·WOLF·PUP - Allegedly initiated by @_BuoyantCapital, this project also implements a 100% pre-mining strategy.

Most of these projects feature a high proportion of pre-mining, at least 80% or more, demonstrating the degree of control the project parties have over these assets.

II. How to Inscribe BTC Runes

Preparation

Please ensure that you have access to the internet and use a wallet that supports the runes protocol. This tutorial will use the Xverse wallet as an example.

Operational Steps

Step 1: Install the Xverse wallet

1. Visit the Xverse Wallet official website.

   

2. Click the "Download" button in the upper right corner of the website.

3. On the download page, select the version suitable for your device (e.g., "Download for Chrome") and follow the instructions to complete the installation.

Note: Due to the lack of industry standards, it is not recommended to import mnemonic phrases from other wallets into the Xverse wallet, nor to import the mnemonic phrase from Xverse into other wallets. The safest practice is to create a new wallet.

Step 2: Transfer to the Xverse wallet

1. After generating the wallet, click on the wallet-like icon at the bottom of the Xverse wallet and select the BTC receiving address.

   

2. Click the "Receive" button to copy the receiving address.

   

3. Transfer BTC from another wallet or exchange to this address. Be sure not to send Ordinals inscriptions and runes assets to this BTC receiving address.

Step 3: Inscribe BTC Runes

1. Visit the luminex.io website to search for the project and view the heat and progress of inscribed Runes.

2. After confirming the target Runes, click the "mint" button.

   

3. On the "mint" interface, select the number of inscriptions.

4. Choose the appropriate network fee rate.

   

5. After confirming, click "mint" to submit the order, then complete the payment in the Xverse wallet.

6. After completing the payment, patiently wait for the Runes inscribing process to be completed. This may take 1-10 hours, depending on the network status.

Verification and Management of Inscribed BTC Runes

1. After inscribing is completed, check the inscribing results in the Xverse wallet using the receiving address.
2. If you need to manage or transfer your Runes, use a wallet that supports the Runes protocol to ensure compatibility between addresses.

Through the above steps, even beginners can successfully inscribe their BTC Runes on the Bitcoin blockchain. Please note that this process involves actual transaction fees and potential risks, so it is recommended to conduct thorough research and preparation before proceeding.

III. Investment Strategy and Risk Management

Investment Strategy

1. Project Migration: For the migration of old projects to Runes, it is not advisable to participate if there is no innovation or organic integration. The probability of success is usually not high for projects that have not succeeded in the previous ecosystem and are only moving to the new ecosystem to ride the hype.

2. Investment Amount: When participating in any new project, it is recommended to purchase an even number of shares, so that the initial investment can be recovered first, and then observe the subsequent market trends.

3. Project Tracking: For any project, it is advisable to join after more than 50% of the participation, and only observe before 50%. Although the cost may be slightly higher, the risk will be correspondingly reduced.

4. In-Depth Research: In-depth research should be conducted on the project team, paying attention to the evaluations of major holder groups and original creators (OG).

5. Plan B: For projects with extremely high popularity, strong consensus, and a large number of holders, if initial participation in the new project is not successful, consider purchasing a portion in the trading market.

Risk Management

1. Technical Risk: Risks at the protocol and code level of Runes. Due to the project being open source and no major security vulnerabilities reported by the community so far, this risk is considered low, but caution is still necessary.

2. Asset Management: Using different BTC wallets may lead to the erroneous transfer of Runes or BRC-20 assets, resulting in asset destruction. Specialized wallets should be used to manage these assets and avoid other types of operations.

3. New Issuance Risk: There is a limit to the issuance of Runes in the new project. If gas fees are low or participation is late, there may be a risk of not being able to obtain the new coins. When deciding to participate, appropriately increase the fees based on the project's popularity and market gas fees to maximize the probability of success.

4. Market Risk: If the Plan B strategy is not successful, the cost of purchasing in the secondary market will increase, potentially resulting in unrealized losses or actual losses. It is important to gather as much information as possible and conduct thorough investment research to make wise investment decisions.

IV. Conclusion

By following this guide, even beginners in the blockchain field can effectively participate in the inscribing and management of BTC Runes. It is important to be well-prepared and conduct research, understand the relevant technical and market risks, to ensure wise and safe investment decisions.

We wish all participants not only to gain valuable experience in participating in Runes but also to make money! We wish everyone success and to enjoy the possibilities brought by this innovative blockchain technology.

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