VICTORIA, Seychelles, April 30,
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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SOURCE Bitrue