The long-awaited Runes protocol is set to launch coinciding with Bitcoin’s halving at block 840,000, bringing significant financial opportunities. This guide will detail how to participate in Runes minting and trading, including tools like wallets, minting platforms, utility websites, data dashboards, UTXO splitting, and transaction acceleration. Let’s delve into the details:
Part 1 Wallets and Trading Platforms
Unisat
This wallet and platform are well-known to everyone. The wallet supports Bitcoin addresses starting with bc1p, and Unisat also support Runes tools and trading markets. The minting process for Runes is similar to that of previous BRC-20 tokens.
1. You can find already deployed Runes on the Explorer interface, where you can view the minting process of each rune. Choose tokens whose process has not yet reached 100%.
2. Navigate to the token details page of the token you wish to mint, click on “Mint Directly,” or go directly to the inscribe interface, select runes, and click “mint.” Then, enter the name of the rune you wish to mint and the quantity desired.
3. In the “To Single Address” field, enter your bc1p address; typically, clicking here will automatically display the address associated with your connected wallet. It’s important to note that when selecting the gas fee, you should observe the current and previous block’s gas fees in the mempool and adjust accordingly. It’s recommended to set the gas fee slightly higher.
4. Proceed to payment using either the “Pay with BTC” or “Pay with Wallet” options. The former involves transferring funds from another wallet to the specified address, while the latter uses the wallet connected through the Unisat website for payment. After selecting the payment method, sign in to authorize the transaction. Once the block confirms, the minted rune will appear in your wallet.
5. On the marketplace interface, individuals can sell runes they already own or purchase new ones. This process is similar to that of the previous BRC-20 transactions: simply select the token you wish to buy or sell. After submitting the transaction, you can view the transaction record in the Orders section.
OKX Web3
OKX has already been providing robust Ordinals tools to users, facilitating smooth operations in deploying BRC-20 tokens, minting, and trading on the inscription market. Now, OKX has launched a specific interface for the Ruens market, with processes similar to those previously used for BRC-20 assets on the platform. Users can find tokens currently being minted, initiate minting, enter the quantity, and use their linked wallet address for the receipt. Transactions can be tracked via transaction hash until the block is confirmed. The Bitcoin products on OKX are mature, promising a user experience as smooth as that with BRC-20 asset transactions.
Xverse
Users familiar with the Bitcoin ecosystem recognize addresses starting with bc1p. However, the Xverse wallet differs from the previously mentioned wallets as it uses Bitcoin addresses starting with 3 for receiving and transferring assets. The bc1p addresses are specifically used for receiving and transferring Ordinals assets, effectively segregating assets and preventing the loss due to insufficient UTXO. Reminder: Always ensure accuracy when recharging your wallet or filling in the Ruens receiving address to avoid errors!
Magic Eden
As a well-established Ordinals NFT trading platform, Magic Eden has now developed a separate interface for Runes.
Part 2. Platform for Minting Runes
Luminex
The @luminexio website has developed a minting tool for Runes tokens, which the project team claims can mint up to 2,500 runes at once. This tool is noted for its low cost, high speed, and enhanced security. Users will find the minting tool easy to use: simply choose a token name, enter the number of repeats, and the process is complete. Additionally, users earn “soul points” when minting runes.
GeniiData
@GeniiData provides tools that support the minting of Runes and also supports data indexing for them.
Unicross
@UniCrossGlobal’s Unicross Marketplace will support trading for all BTC layer 1 assets, including Runes, Ordinals NFTs, BRC-420 assets, and BRC-20 inscriptions. $RUFI, issued by @UniCrossGlobal on the Merlin Chain, is the first Rune token and can be exchanged for Runes at a 1:1 ratio through a bridge. Its testnet rune tool has also gone live, receiving over 200,000 rune minting requests within 12 hours of launching on the testnet.
RuneAlpha
@runealpha_btc previously issued the $COOK token, which can be exchanged for runes and will also support the minting of runes.
After selecting the desired rune token on the page, users can view detailed information, then click “mint,” choose the quantity, and set the gas fee to complete the operation.
DotSwap
@dot_swap, originally a DeFi platform for BRC-20 tokens, has now added a mint Runes interface on its official website. The interface displays the names, progress, number of holding addresses, and supply of Runes. Users can mint by clicking “mint,” entering the quantity, and specifying a receiving address.
Ordbit
@ord_bit is also a platform for minting, but there is some garbled data regarding the quantity on the testnet. Users can complete the operation by entering a receiving Bitcoin address and setting the gas fee.
BTCTool
@btctoolpro primarily focuses on professional data analysis, inscribing, and trading tools suitable for Runes, BRC20, and Veda. It also provides tracking services for “smart money.” The homepage features a “hot mint” interface that allows users to observe and make informed decisions.
META RUNES
@MetaRunes21 offers Launchpad and Inscribing services and plans to build an integrated full-stack DeFi platform based on Runes.
OrdinalsBot
@ordinalsbot , a well-established inscription minting tool, has launched a Runes section on its testnet. This allows users to deploy, mint, and transfer Runes.
Part 3. Tool Websites
Since the Runes protocol is built on the Ordinals protocol’s UTXO, minting will occupy UTXO space. If the Bitcoin mainnet does not produce blocks, further operations may be stalled. Therefore, it is advised to split into multiple UTXOs or create multiple wallets before minting Runes. Additionally, if high gas fees prevent the completion of submitted transactions, acceleration may be necessary to facilitate transaction completion. Below are some tools listed that can provide more convenient and cost-effective acceleration services compared to the official mempool.
GeniiData
@GeniiData’s Ordinals dashboard is recognized as a highly useful tool, enabling users to see what is being inscribed on the blockchain and the transaction volumes of various protocols. It also allows for tracking of “smart money.” While many minting platforms have their own dashboards, GeniiData is widely acknowledged as one of the clearer and more user-friendly professional Bitcoin data platforms.
Wizzcash
The official website of @wizzwallet features a functionality to accelerate BTC transactions. Users simply need to connect their wallet and select a transaction that is still in the mempool. The site will then display the required gas fee for acceleration.
Dotswap
Dotswap Tools also offers a feature to accelerate BTC transactions. After users enter the transaction hash, the website calculates the network fee required at that time. link: https://tools.mempool.com/speed
OpenStamp
@btcopenstamp operates under the Stamp protocol as a trading platform. However, its official Tools section offers UTXO splitting capabilities as well as transaction acceleration services.
SatoSea
@satosea_xyz will provide tools for minting Runes, as well as tools that allow visibility into the dynamics of Runes in the mempool.
RuneStore
@runestore_io has launched on the testnet and now features capabilities such as continuous minting, batch listing, and bulk purchasing. It also allows for real-time observation of minting dynamics within the mempool.
Part 4. TG Bot
@btcbotpro is a Telegram bot focused on BTC’s Runes, BRC20 tokens, and NFTs. Users can create wallets directly within the bot, choose their preferred language, and must deposit at least 0.002 BTC into the newly created trading wallet. More features will be available after the official launch.
Here is the detailed tutorial:
Tip: The names of Runes consist of uppercase letters and dots (·). If two names are identical except for the dots, they represent the same Rune, meaning that names without dots cannot be duplicated. For easier input in BTCBot, using “UNCOMMON·GOODS” as an example, you can enter the full name “UNCOMMON·GOODS”, the name without dots “UNCOMMONGOODS”, or even in lowercase “uncommongoods”. BTCBot will recognize it correctly.
Auto-Sniping Feature: Adjust the settings to define the criteria for minting Rune tokens.
1. For tokens not yet open for minting, you can add them to the sniper’s whitelist. Once minting starts, BTCBot will automatically mint these Rune tokens as soon as possible. Simply input the token name and the number of times you wish to repeat the minting process.
2. Maximum Gas Price: Set the maximum gas price. The Auto Sniper will automatically send mint transactions only when the current network average gas price is within the range of the Max Gas Price.
BTCBot’s auto-monitoring feature for “smart money” actively tracks all Rune tokens on the Bitcoin mainnet and provides notifications. This feature allows you to add smart money’s bc1p or bc1q addresses to a monitoring list. Simply press the “Rune Monitor” button; when it turns green, the function is activated.
Shuriken
@ShurikenTrade currently supports multiple blockchains including SOL, ETH, BASE, AVAX, and BLAST, and is recognized as a mature on-chain bot. They have tweeted that they will add features related to the Runes protocol once it launches.
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