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Bitrue leads the industry with the first Bitcoin Runes token listing
VICTORIA, Seychelles, April 30, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue today announced that it has added support for Runic Tokens, becoming one of the first exchanges in the world to complete the technical integration and listing process for these new, highly anticipated resources.
Bitrue, BitrueOfficial, Bitrue Logo (PRNewsfoto/Bitrue)
User-Based Listing: Bitrue’s community-centric approach
The newly listed tokens, now available for live trading, include: SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•CUP (LOBE), RSIC•GENESIS•RUNE (RSIC), e DOG•GO•TO•THE•MOON (DOG). Placing these first rune tokens on Bitrue was a community-led initiative via a X survey – a testament to Bitrue’s community-focused ethos.
“Bitrue has always championed innovation and choice, so we are incredibly excited to see the vibrant wave of blockchain developers pioneering new features on an established network like Bitcoin. Our users have clearly expressed their desire to trade these tokens, and we always put the wishes of our users first,” said Robert Quartly-Janeiro, Chief Strategy Officer at Bitrue.
Rapid Integration: Bitrue’s rapid response to the rune revolution
Runes are a new generation of tokens, built as fungible assets on the Bitcoin blockchain, similar to the way the Ethereum and Solana chains support their own vast ecosystems. These runes inherit the many advantages of the BTC blockchain, including decentralization, transparency, and advanced security.
Due to their innovative technical framework, Runes cannot be supported by exchanges natively simply through their existing Bitcoin integration. However, the Bitrue development team decided to work at great speed to quickly bring the integration of the Rune protocol to its platform.
Future Trends: Bitrue’s commitment to dynamic rune offerings
Runes are an invention of famous cryptocurrency developer Casey Rodarmor, who was also behind the Ordinals initiative that brought NFTs to Bitcoin. Runes are created by writing additional data into the unspent transaction output (UTXO) segment of a Bitcoin transaction, which provides enough bandwidth to document entire side ledgers of new tokens.
Runes are expected to become a hot topic throughout 2024, with more and more developers launching new runes consistently throughout the year. Bitrue will continue to monitor the launch of new rune tokens over time and will list more based on community feedback.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, lending and investing. Bitrue aims to use blockchain technology to bring financial opportunities to everyone, regardless of their location or financial position. It has offices in Asia and Europe and continues to rapidly develop new features to fully meet the new wave of the digital economy. More information is available at Bitrue website.
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