Runecoin

The Runes Protocol from Casey Rodarmor, creator of Ordinals, is built into the fungible token project Runecoin, which is running on the Bitcoin blockchain. It is this protocol through which your digital assets will directly be created and managed on top of Bitcoin, adding additional functionality to the network while preserving Bitcoin's security and decentralization.

Project Goals and Objectives

Runecoin wants to add digital scarcity to the Bitcoin blockchain, with a limited amount of tokens to avoid inflation. By providing a distinct form of token aimed at putting fungible tokens within the Bitcoin ecosystem, the project aims at bridging a gap within the cryptocurrency space, which has not had fungible token solutions with a cap.

Tokenomics

As with Bitcoin, the total supply of Runecoin is capped at 21 billion tokens. No tokens have been distributed or mined at the moment and the current supply is zero. Surrendering control of the supply ensures scarcity, which may then increase the token’s value the more people demand Bitcoin’s use in assets.

ICO Information

Specific details regarding who is participating in the Initial Coin Offering (ICO) of Runecoin have yet to be made public by Runecoin. For investors who are looking into investing, the best thing they should do is watch out for official channels for updates on token distribution, ICO events, etc., as well as the sale structure. There will probably be updates on the ICO as the project progresses.

Technology Features

Runecoin is powered by Runes Protocol, which is capable of creating digital assets on Bitcoin, significantly raising the network's utility. This allows the network to be able to issue tokens while still allowing Bitcoin’s security and decentralization to be intact, so this is creating a new layer of applications potentially.

Team and Leadership

Casey Rodarmor, who also built Ordinals and is behind the Runes Protocol, developed Runecoin. Rodarmor is a Bitcoin protocol development and digital assets expert who has made himself as an instance in the cryptocurrency. His vision for Runecoin is a huge innovation to Bitcoin — expanding its utility beyond its traditionally used cases.

Roadmap

Runecoin's roadmap is yet to be fully defined, with the new token seeking to add Runes Protocol to the Bitcoin blockchain. This would be beneficial for the creation and management of digital assets and would also provide the potential for tokenization. These enhancements will contribute to Runecoins' utility, adoption, and integration within the wider cryptocurrency ecosystem.