RUNIC SUBSTANCE
Details on our official rune, RUNIC SUBSTANCE
WE MANAGED TO ETCH OUR RUNE ON THE FIRST BLOCK OF THE HALVING!! This puts us in a scarce group of runes that were etched on 840,000, which will always be visible on-chain.
We also etched (to my knowledge) the first rune with an interactive 3D art piece attached to it! This piece also uses parent child provenance to connect it to my overall parent inscription, which will be used as the parent for all future BTC Substance related inscriptions.
As promised, TAP-SUBSTANCE holders will be entitled to a free claim of our rune, directly tied to their ownership amount. I'm currently researching tools for doing a claim vs an airdrop, and I will announce the official distribution method later this week, after the fees die down. I'll make sure it's easy and affordable for you to get your runes.
TOKENOMICS BREAKDOWN:
~50% direct claim/airdrop for TAP-SUBSTANCE holders. This is effectively a token migration from TAP, so the majority of the supply will go to this.
10% public runes mint - this is intended to help us spread our holders distubution, and get the word out about our token and ecosystem. Still open now! https://luminex.io/runes/mint?rune=RUNIC%E2%80%A2SUBSTANCE
~30% reserved to continue staking rewards for our assets. I don't want to devalue our NFT's by removing the staking utility, so I'm holding back some of the supply to continue giving our rewards in the coming months.
~10% bonus reward for wallets that held our NFT at the halving. As a project we are, after all, art focused, and we don't want to lose sight of that!
Who will get an allocation?
Check your TAP-SUBSTANCE allocation here! This will directly correlate to your RUNIC SUBSTANCE allocation.
I only hold Runic Portals, will I get an allocation?
Yep!! As a runic portals holder, you've been gaining a claimable allocation of our TAP-SUBSTANCE token daily. This will be migrated to RUNIC SUBSTANCE. Check your
I don't hold any NFT's, but I bought TAP-SUBSTANCE on secondary. Will I get an allocation?
Yep!! You'll get RUNIC SUBSTANCE at a ratge of 100:1, which will be the same percentage of the entire supply.
Future plans for RUNIC SUBSTANCE
Once the infrastrucure is ready, our in-house raffle system will be converted to use TAP. This will continue to be deflationary and burn the spent tokens (using the built-in burn mechanism on the Runes protocol)
Users will continue to receive runes rewards for holding their ecosystem NFT's.
Giveaways for holders of a certain threshold of our token.
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