Runes Minting and Transfering
You can now mint and transfer runes in ONTO Wallet!
How to Mint Runes?
Getting prepared:
Prepare your BTC wallet and some BTC assets.
Steps:
Go to the Runes Minting Center on the Homepage.
Choose the Rune you want to mint.
Tap on "Mint".
Select the rate and confirm the payment amount.
Confirm the payment.
After the Rune token has been minted successfully, it will be synchronized to your “Assets” on the Homepage.
How to Transfer Runes?
Steps:
Go to “Assets” on the Homepage and select the Rune you wish to transfer.
Tap on "Send".
Choose the receiving address.
Enter the transfer amount.
Select the fee rate level.
Confirm and send.
Term Definitions:
Rune: A fungible token on the Bitcoin network, such as a memecoin or a utility token.
Etch: The process by which a Rune is created. Once set, the properties of a Rune are immutable.
Rune Name: A unique ticker for a Rune, consisting of 1 to 28 characters from the letters A through Z. Initially, only names with 13 or more characters are available for etching. Every three months, the character count requirement decreases by 1 until all names are available in four years.
Spacer: An optional bullet that can be added to a Rune Name during etching to enhance readability. However, the uniqueness of a name is not dependent on spacers. For example, the name "UNCOMMON•GOODS" includes a spacer.
Rune ID: A unique identifier generated for each Rune based on the block of the etch transaction and the transaction's position within the block. For instance, if a Rune was etched in the 20th transaction of the 500th block, its ID would be "500:20".
Rune Symbol: A single Unicode code point representing a Rune's currency symbol, displayed after quantities of that Rune.
Supply: Calculated as Current Mints multiplied by Mint Limit, plus the Premine.
Divisibility: Indicates how finely a Rune may be divided. For example, a Rune with a divisibility of 0 cannot be divided, while a Rune with a divisibility of 2 can be divided into hundredths (e.g., 0.01).
Mint: During an open mint, anyone can create a mint transaction to receive a fixed amount of new units of a Rune, subject to the terms of the mint.
Mint Terms: Rules determining when a mint opens or closes, such as a specific block height range or a mint cap.
Mint Limit: The fixed amount of new units of a Rune created by each mint transaction.
Mint Cap (Max mints per Rune): The maximum number of times a Rune may be minted. A mint is closed once the cap is reached.
Minting Progress: The percentage of the current number of mints relative to the mint cap.
Start Height: The block height at which a mint opens.
End Height: The block height after which a Rune may not be minted.
Premine: Optionally allocated units of the Rune to the etcher during the etching process.
Transferring: When transaction inputs contain Runes or new Runes are created through a premine or mint, these Runes are transferred to the outputs of that transaction. The transfer of input Runes to outputs may be influenced by a transaction's runestone.
Runestone: Rune protocol messages stored in the "OP_RETURN" area of a Bitcoin transaction.
Edict: A message within a Runestone that allows customization of the output destination and amount of Runes transferred during a transaction. This feature enables crafting custom transactions, such as sending Runes from one address to multiple addresses within a single transaction.
Cenotaph: If a Runestone is malformed or encounters an error, it is referred to as a Cenotaph. In the event of a Cenotaph, all Runes in the transaction are burned.
Burn: You can destroy Runes in your possession by transferring them to the "OP_RETURN" output of a Bitcoin transaction.
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