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Home»NFT»check your eligibility
NFT

check your eligibility

2024-03-04No Comments5 Mins Read
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Runestone, a Bitcoin project led by renowned digital asset collector “Leonidas”, is about to launch a massive airdrop for all regular users of the Ordinals protocol.

The addresses that have made at least three write-ins before the snapshot date will be rewarded by minting pseudo-NFTs or pseudo-fungible tokens within the Bitcoin blockchain.

This is the first airdrop in this market niche, poised to pave the way for new incentive systems for the early adopters of the Ordinals community.

Below is how to check your eligibility.

  • The Runestone Project and the airdrop to the Ordinals community
  • How to check your eligibility: How much is this airdrop worth?

The Runestone Project and the airdrop to the Ordinals community

Runestone, a new cryptographic project in the Ordinals ecosystem led by the leader “Leonidas“, is about to be released one of the airdrops that will go down in cryptocurrency history.

The protocol in question simplifies the vision of Casey Rodarmor, inventor of the Ordinals technology, regarding the standard for replaceable tokens-runes that improves some critical aspects of BRC-20, such as the strong proliferation of UTXO (Unspent Transaction Output).

Once Runestone launches, with the expected date towards the end of the year after Bitcoin’s halving, all inscription users will be rewarded with a commemorative NFT image of a large stone with significant financial value.

In particular, this airdrop will be reserved for all early adopters of the Ordinals ecosystem who believed in the protocol in its first year of life.

The only way to qualify for a Runestone was to appear in the first year of Ordinals when no one believed in this movement.

If you get one, it’s because you earned it.

Wear it as a badge of honor.

Airdrop farmers are out of luck. pic.twitter.com/jgEiRuElF6

— Leonidas (@LeonidasNFT) March 4, 2024

The airdrop is particularly interesting because it is designed to benefit the community exclusively, with no allocation for the project team and for investors who could sell whales on the shoulders of private investors.

See also  NFTs suck? Why Gmoney took out a $1 million loan on its CryptoPunk

Everything was organized by volunteers from the Ordinals world, using an open source algorithm to determine user suitability, with a a total of 112,383 assigned addresses.

As emphasized by Leonidas himself in an interview with Decrypt:

“It is a decentralized effort, 100% voluntary […] There is no team assignment, no entity behind it, no utility and no roadmap. More than ten different companies in the Ordinals ecosystem have donated money, technical resources, etc. to make this possible.”

It is also worth noting that the so-called ‘runestones’ have recently been involved in the two largest Bitcoin blocks ever mined in terms of the weight of the inscribed files.

A real milestone for the Ordinals ecosystem.

One of them is the largest file subscribed to Bitcoin in the largest Bitcoin block in history.

The other is the second largest file in the second largest Bitcoin block in history.

Both are part of the largest airdrop in Bitcoin history; with zero team assignment. pic.twitter.com/RH3pTBffJB

— trevor.btc (@TO) March 3, 2024

The airdrop is, as already mentioned, reserved for anyone who has completed at least 3 registrations in 2023with the exception of registrations with file types starting with “text/plain” or “application/json”.

Instead, all transactions labeled ‘accursed” are included, not included in the Ord indexer, not visible in the cryptographic markets and wallets.

According to the latest estimates, the NFT market Magic Eden currently contains more than 74,000 cursed inscriptions.

How to check your eligibility: How much is this airdrop worth?

If you have made 3 registrations in the Ordinals protocol in the last calendar year, you will automatically (without having to make a claim) receive the Runestone airdrop directly to your wallet.

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The snapshot date, as clarified by Leonidas, is shown at block height 826,600.
To check your eligibility, simply copy your Bitcoin address to a specific interfaceand check if it is present in the list of lucky addresses.

In detail, you can consult this Google document or copy the address and paste it into the OKX verifier.

air drop rune stone

Many people are probably wondering this how much is the NFT stone dropped by Runestone worth.

Although it is not currently possible to make an accurate prediction, since it will (as usual) be up to the market to determine the fair price of the airdrop, we can still estimate a value between 500 and 1000 dollars.

According to the pre-market data of ‘Whales market’, the last Runestone sold before the actual listing on the real market was sold at a price of 545 dollars.

Currently, buyers and sellers meet an average demand of $486 and an average supply of $647.

As time goes by and we approach the launch date of the cryptographic project, pre-market exchanges will become more important and increasingly representative of the first official price.

Regardless of the outcome, this airdrop will go down in history as the first official reward organized directly by a community of Bitcoin developerswho thank the early adopters of the Ordinals protocol for their trust and support.

Let’s take one last time the words of Leonidas, who had already expressed his enthusiasm for the upcoming event in a recent post on

According to technology pioneer Ordinals, we can expect an ‘airdrop season’ for the Bitcoin ecosystem from now on, after the world Ethereum dropped around $25 billion to its users during the last market cycle.

The Ethereum ecosystem dumped $25 billion on itself in the last cycle.

Now it’s Bitcoin’s turn.

The regular airdrop season has arrived.

— Leonidas (@LeonidasNFT) February 20, 2024

See also  NFT Lending Platform Blend is growing rapidly with nearly 50,000 ETH loans



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