Markets News Report Technology
May 27, 2024

Bitget To List RUNES·X·BITCOIN, Introduce X Token On Its PoolX Platform, And Host 121M X Token Giveaway

In Brief

Bitget plans to list RUNES·X·BITCOIN in the Innovation and RUNES Zones, with trading set to commence at 10:00 UTC on May 30th.

Bitget To List RUNES·X·BITCOIN, Introduce X Token On Its PoolX Platform, And Host 121M X Token Giveaway

Cryptocurrency exchange Bitget announced its plans to list the RUNES·X·BITCOIN (X) in both the Innovation Zone and the RUNES Zone. The deposit channel is now open. Trading will commence at 10:00 UTC on May 30th, and withdrawals will be available starting at 11:00 UTC on May 31st.

The RUNES·X·BITCOIN’s X token is a memecoin built on the Bitcoin blockchain, utilizing the runes protocol. This token embraces the concept of limitless possibilities, symbolized by the “X,” which also references Elon Musk’s association with the symbol. 

Bitget will also introduce the X token on its stake-to-mine platform, PoolX, allowing users to stake ORDI in exchange for earning X tokens. The mining period will run from 10:00 UTC on May 30th to 10:00 UTC on June 9th. The total ORDI pool comprises 1,223,500,000 X tokens, with a maximum staking limit of 2,500 ORDI.

Bitget will also host a giveaway of 121,000,000 X tokens, where 1,000 randomly selected qualified users will each receive 121,000 X tokens. This activity is currently ongoing and will conclude at 16:00 UTC on June 7th. To participate, users are encouraged to follow the cryptocurrency exchange on the social media platform X, follow RUNES·X·BITCOIN, repost or quote the giveaway post with the hashtag #XlistBitget and tag friends, engage in depositing and trading any amount of X tokens on Bitget, and fill out the giveaway form.

What Is RUNES·X·BITCOIN Memecoin? 

RUNES·X·BITCOIN was launched on the Rune Genesis Block on April 20th, with the Rune ID 840000:142. The total token supply is 210 billion, all of which is allocated for airdrops.

The X token operates on a decentralized and community-driven model. As outlined in its tokenomics, 25% of the token supply is designated for distribution among X holders, while 15% is allocated to the non-fungible token (NFT) community, including xMonkers. Additionally, 50% of the token supply is divided equally among holders on centralized exchanges (CEX) and Runes trading platforms, A+B+C holders, OG pass holders, and ordinals community builders allocated as donations to X users, and the BRC-20 community. The remaining 10% will be equally divided between allocation to the Bitcoin Layer 2 platforms and initiatives for building the X ecosystem.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Tokenized RWAs Are Bridging the Gap Between DeFi and TradFi
Opinion Top Lists Business Markets Software Technology
Tokenized RWAs Are Bridging the Gap Between DeFi and TradFi
June 24, 2024
Bitcoin’s Current Correction Level Still Below Average, Says Rekt Capital Crypto Analyst
Markets News Report Technology
Bitcoin’s Current Correction Level Still Below Average, Says Rekt Capital Crypto Analyst
June 24, 2024
Core Developers Open Source SRC Protocol’s Indexer Code, Including SRC-20, SRC-721, And SRC-101 Token Standards
News Report Software Technology
Core Developers Open Source SRC Protocol’s Indexer Code, Including SRC-20, SRC-721, And SRC-101 Token Standards
June 24, 2024
The Rise and Fall of Oracle’s Advertising Ambitions: A $2 Billion Dream Crumbles
Opinion Business Lifestyle Markets Technology
The Rise and Fall of Oracle’s Advertising Ambitions: A $2 Billion Dream Crumbles
June 24, 2024