There’s a buzz around Runes recently. You know why? It allows token creation on Bitcoin and mitigates UTXO bloat caused by BRC-20 tokens. This means you’ll be able to buy even meme coins on Bitcoin! Good news? EtheRunes can facilatate this process.

Study EtheRunes with me 👇

PROBLEM

From scalability limitations to efficiency concerns, Bitcoin has encountered obstacles impeding its adoption as both a payment solution and a store of value. Runes’ entrance into the space signifies the potential to surmount these hurdles and EtheRunes is leading this.

WHAT IS ETHERUNES?

EtheRunes is a platform that bridges Ethereum and Bitcoin through the integration of Ethereum's ERC-20 standard and Bitcoin's innovative Runes protocol. It leverages the strengths of both platforms to enable more fluid interaction

As the first explorer for the Runes protocol, EtheRunes' vision is to set a new standard for blockchain interoperability and user-centric analysis.

WHO NEEDS ETHERUNES?

1) Crypto enthusiasts: Individuals interested in the latest developments in blockchain technology and DeFi.

2) Investors: Those looking to diversify their portfolios with assets that exist across both Ethereum and Bitcoin platforms.

3) Developers: Blockchain developers seeking to explore and innovate within the cross-chain DeFi space.

WHY ETHERUNES?

EtheRunes combines the best of both worlds to offer the following to its users:

➜ Asset Flexibility

➜ Enhanced Security

➜ Greater Efficiency

ETHERUNES FEATURES

To further their goal of becoming the leading explorer for the Runes protocol, EtheRunes offers these features:

✶ Standard Runes Functions

✶ Bridging

✶ Staking

✶ EtheRunes Explorer

1) STANDARD RUNES FUNCTIONS

The standard functions are designed to enhance Bitcoin's utility by enabling it to support complex DeFi operations like those on Ethereum. This aims to broaden Bitcoin's appeal and utility in the thriving DeFi sector. The standard functions are:

➜ Minting

➜ Transferring

➜ Etching

➜ MINT

The mint function facilitates the creation and management of tokens on the Bitcoin network, expanding Runes’ utility beyond simple currency transactions.

➜ TRANSFER

The function facilitates the handling of complex token operations within the existing Bitcoin infrastructure, enabling effective and secure exchange of tokens directly on the blockchain.

EtheRunes is also capable of multiple transfers, where users can split UTXOs and simultaneously send multiple UTXOs to different addresses in a single transaction. This feature will significantly reduce transaction fees and improve the scalability of the network.

➜ ETCH

This function allows for the creation of new runes and defines their properties. Once set, these properties are immutable, even to its etcher.

2) BRIDGING

With EtheRunes, users can also seamlessly bridge assets between Bitcoin and Ethereum by utilizing robust smart contracts and flexible transactions for comprehensive asset control.

The robust protocol allows for bridging from Runes to Ethereum and Ethereum to Runes.

3) STAKING

EtheRunes incentivices long-term holding of $ETR tokens through the staking functionality. This encourages users to participate in activities that enhance network security and functionality, offering passive income and enhancing asset liquidity and stability.

➜ EARLY WITHDRAWAL PENALTY

If tokens are withdrawn within 15 days of staking, only 70% of the tokens can be withdrawn while the remaining 30% are burned. After 15 days, 100% of the tokens can be withdrawn without penalty.

4) ETHERUNES EXPLORER

This feature provides visibility and tracking capabilities for transactions involving Runes on the Bitcoin blockchain. It offers visibility into Runes protocol transactions, users can track asset movements, verify transactions, and analyze real-time data.

TOKENOMICS

$ETR supports the overall development of EtheRunes ecosystem.

✶ Token Name: EtheRunes

✶ Ticker: $ETR

✶ Total Supply: 100,000,000 $ETR

✶ Blockchain: Initially on Ethereum, later on the Runes blockchain.

✶ CA: 0xdF21D69bce43F819cb92B8c23e2a001F91157653

✶ Buy/Sell Tax: 5%

USE OF FUNDS

➜ Development funds: This will support technical advancements, platform upgrades, & the integration of new features

➜ Staking rewards pool: This will be allocated for staking rewards to encourage long-term holding & contribute to the stability of the token's economy.

PARTNERSHIPS

EtheRunes partnered with BitRune, an entity that will provide tech consulting and API support for EtheRunes. This partnership will enhance the growth and scalability of EtheRunes and position the project well with reputable players in the space.