PROMISSORY•NOTES price

$0.{4}2418-63.63%

USD

Runes #125377

Rune ID:866242:1834

View my Runes tokens

Introduction

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Real-time summary of PROMISSORY•NOTES price data

The live price of PROMISSORY•NOTES today is $0.{4}2418 per (PROMISSORY•NOTES/USD), and the current market cap is $23,681.43 USD. The 24-hour trading volume is $8,199.83 USD. The PROMISSORY•NOTES to USD price is updated in real time. PROMISSORY•NOTES has moved -63.63% in the last 24 hours and has a total supply of 1000.00M .

PROMISSORY•NOTES market data

Market cap

$23,681.43

24h vol

$8,199.83

Total volume

$8,177.44

All transactions

651

PROMISSORY•NOTES price calculator

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Cost

USD

1 PROMISSORY•NOTES = 0.{4}2418 USD

Last updated on (UTC)

About PROMISSORY•NOTES

PROMISSORY•NOTES is a Runes token issued on the Bitcoin chain based on the Bitcoin Runes protocol. The Bitcoin Runes protocol is a token standard for issuing fungible tokens on Bitcoin that seeks to provide users with a more efficient way of creating fungible tokens. Runes launched in April 2024 on block 840,000, coinciding with the Bitcoin halving.

Bitcoin developer Casey Rodarmor proposed the Runes protocol in September 2023 as an enhanced token standard for issuing fungible assets on Bitcoin. Rodarmor characterizes Runes as a straightforward protocol with minimal on-chain footprint and responsible management of Unspent Transaction Outputs (UTXOs). UTXOs are individual units of Bitcoin value linked to specific addresses on the blockchain, representing funds that have not yet been spent and can serve as inputs in new transactions.

Runes differ from the BRC-20 token standard, which is complex and not UTXO-based. The latter characteristic causes the BRC-20 token standard to generate excessive junk UTXOs, leading to congestion on the Bitcoin network. The goal of Runes is to replace the less efficient Ordinals-based BRC-20 token standard. Additionally, the Runes protocol aims to outperform other existing fungible token protocols on Bitcoin, such as RGB and Taproot Assets, which rely on off-chain data.

How to buy Runes PROMISSORY•NOTES？

Runes token PROMISSORY•NOTES is issued using the Bitcoin Runes protocol and etched onto the Bitcoin chain. To purchase PROMISSORY•NOTES, you need to use a Bitcoin digital wallet and purchase PROMISSORY•NOTES on a trading market that supports Runes, such as unisat.io/runes/market?tick=PROMISSORY•NOTES. Note that BTC must be purchased beforehand and deposited into a Bitcoin wallet like Unisat or Bitget Wallet.

Can I purchase Runes token PROMISSORY•NOTES on CEXs?

Currently, top Runes tokens like DOG•GO•TO•THE•MOON and RUNES•X•BITCOIN are listed on the centralized exchange Bitget. You can stay updated on Bitget's newly listed coins. If PROMISSORY•NOTES gains popularity they may become a potential option for listing on Bitget. Besides purchasing Runes tokens, you can also explore and acquire other types of token inscriptions such as BRC-20, ARC-20, SPL-20, and ASC-20 inscription tokens.

How do I etch Runes token PROMISSORY•NOTES?

To etch and mint PROMISSORY•NOTES, visit unisat.io/runes/list. The process is as follows:

1. First, you need to purchase BTC in advance and then deposit it into a Bitcoin wallet address such as Unisat or Bitget Wallet.

2. Deployed Runes can be found on Unisat's Explorer interface (unisat.io/runes/list), allowing tracking of each token's progress; users can select PROMISSORY•NOTES tokens that are in progress but not yet fully minted.

3. Enter Runes token PROMISSORY•NOTES details interface (unisat.io/runes/detail/PROMISSORY•NOTES), click Mint Directly or select Runes in the inscribe interface (unisat.io/runes/inscribe). Click Mint, enter the Rune name PROMISSORY•NOTES, and specify the mint quantity.

4. Then, enter your own bc1p address in the To Single Address field. Typically, your connected address will appear automatically after clicking it. When selecting the gas fee, you may need to check the current block in the mempool and the mining fee of the previous block to adjust it accordingly. If necessary, you may need to increase the gas fee to ensure timely processing.

5. You can then proceed to pay using Pay with BTC or Pay with Wallet. The former involves scanning or copying the code to pay using other wallets, while the latter uses the wallet connected to the Unisat website. After signing and making the payment, you'll need to wait for the block to be confirmed. You can view the transaction in your wallet once the transaction is complete.

6. When you have Rune assets to sell or want to buy Runes directly in the trading market, you can enter the marketplace interface (unisat.io/runes/market) and select the token you wish to buy or sell. Similar to the BRC-20 process, you can view transaction records under Order.

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Runes Protocol glossary

Rune: A fungible token on Bitcoin (e.g., a memecoin or a utility token).

Etch: How a Rune comes into existence (once set, these properties are immutable). Runes exist through etching, which corresponds to the deployment of BRC-20. Etching creates a rune and fills it with a series of attributes. These attributes cannot be changed after etching.

Rune name: The unique ticker for a Rune, consisting of letters A through Z and must be between 1 and 28 characters long. Initially, only names with 13 or more characters are available for etching. Every three months, the character count requirement decreases by 1 until, after four years, all character lengths become available.

Spacer: An optional bullet that can be added to a Rune Name during etching to enhance readability. For example, "UNCOMMONGOODS" might be etched as "UNCOMMON·GOODS". However, the uniqueness of a name does not depend on the spacer. Each Rune name must have a unique letter sequence, ensuring that no two Runes have the same name regardless of whether a spacer is used.

Rune number: A unique number that is automatically assigned to every Rune, indicating when it was created relative to all other Runes (for example, the first Rune to be etched is referred to as “Rune 0”, the second as “Rune 1”, and so on).

Rune ID: A unique identifier generated for each Rune based on the block of the etch transaction and the position of the etch transaction within that block. Runes are distinguished by IDs formatted as Block, where "Block" represents the block number and "Tx" represents the transaction index within that block. For example, if a Rune was etched in the 20th transaction of the 500th block, its ID would be "500:20".

Rune symbol： The currency symbol of a rune. The currency symbol of a rune is a single Unicode code point, which means that a range of emoji symbols can be used as currency symbols, such as $, ⧉, or 🧿. Runes without a symbol use ¤ by default. Rune currency symbols do not need to be unique, and different Runes can use the same currency symbol.

Divisibility: Divisibility of a Rune refers to how finely it can be divided. For instance, a Rune with a divisibility of 0 cannot be divided, while a Rune with a divisibility of 1 can be divided into tenths (e.g., 0.1), and a divisibility of 2 allows division into hundredths (e.g., 0.01), and so forth.

Premine: During etching, the creator of a Rune may optionally allocate a portion of the tokens being etched to themselves (e.g., "10% was premined").

Mint: While a rune's mint is open, anyone may create a mint transaction to create and receive a fixed amount of new units of that rune (the only cost associated with minting are the fees that go to Bitcoin miners).

Burn: You can destroy Runes you hold by transferring them to the OP_RETURN output of a Bitcoin transaction.

Mint terms: The rules that determine when a mint opens or closes. For example, a mint may be open from block height 840,000 to block height 841,000, and the number of mints during that period determines the supply. Alternatively, a supply cap of 21,000,000 may be set, and a mint remains open until the supply is fully minted.

Runestone: Rune protocol messages that are stored in the "OP_RETURN" area of a Bitcoin transaction.

Edict: A message within a Runestone that allows customization of which output a Rune will go to and the amount of the Rune that will be allocated to an output during a transfer transaction. This feature enables crafting custom transactions, such as sending runes from one address to 10 other addresses in a single transaction.

Cenotaph: When a Runestone is malformed for any reason, it is referred to as a Cenotaph. In such cases, if a Cenotaph occurs, all Runes involved in the transaction are burned.

PROMISSORY•NOTES status

Number

#125377

Rune ID

866242:1834

Minted amount

1000.00M

Limit per mint

10,000

Max mint number

100,000

Deployment time

2024-10-18 20:16:34

Start block

866,242

End block

0.00

Symbol

💸

Customary abbreviation

Divisibility

PROMISSORY•NOTES resources

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