VICTORIA, Seychelles, April 26,
2024 /PRNewswire/ -- Leading cryptocurrency exchange Bitrue
has today announced that they have added support for rune tokens,
becoming one of the first exchanges in the world to complete the
technical integration and listing process for these new, hotly
anticipated assets.
User-Powered Listing: Bitrue's Community-Centric
Approach
The newly listed tokens, now available for live trading,
include: SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO),
RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). The listing
of these first rune tokens on Bitrue was a community-driven
initiative via an X poll – a testament to Bitrue's
community-centric ethos.
"Bitrue has always championed innovation and choice, so we're
incredibly thrilled to see the vibrant wave of blockchain
developers pioneering new functionalities on a network as
established as Bitcoin. Our users have clearly expressed their
desire to trade these tokens, and we always place the wishes of our
users first," said Robert
Quartly-Janeiro, Chief Strategy Officer at Bitrue.
Rapid Integration: Bitrue's Swift Response to the Runes
Revolution
Runes are a new breed of token, built as fungible assets on top of
the Bitcoin blockchain, similar to how the Ethereum and Solana
chains support their own vast ecosystems. These runes inherit the
numerous 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. The Bitrue development team has however opted
to work at great speed to bring Rune protocol integration to their
platform swiftly.
Future Trends: Bitrue's Commitment to Dynamic Rune
Offerings
Runes are the invention of prominent crypto developer
Casey Rodarmor, who was also behind
the Ordinals initiative which brought NFTs to Bitcoin. Runes are
created by inscribing extra pieces of data onto the unspent
transactions output (UTXO) segment of a Bitcoin transaction, which
provides enough bandwidth to document entire side-ledgers of new
tokens.
Runes are expected to be a hot topic throughout 2024, with 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 according to community feedback.
About Bitrue
Launched in July 2018, Bitrue is a
diversified digital exchange that supports trading, loans and
investments. Bitrue aims to utilize blockchain technology to bring
financial opportunities to everybody regardless of their location
or financial position. It has offices in Asia and Europe, and continues to develop new features
at a rapid speed to fully service the new wave of the digital
economy. More information is available at
Bitrue's website.
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