Token Allocation
Allocation mechanism overview
Overview of Distribution Mechanism
RF leverages an innovative approach to distribute Runes. This section aims to clarify the process, focusing on the unique epoch-based allocation mechanism, the significance of the Bitcoin halvening block, and the synchronization with the RUNES protocol activation on the Bitcoin network.
The allocation system operates on an epoch-based system, where epochs are 24 hour periods. Until the deadline timestamp, the allocation mechanism is designed to allocate 3,000,000 Runes per epoch.
Parameters
The distribution mechanism has the following parameters:
epochLength
The length of epochs
Seconds
Calculation of parameters
The timestamp of the deadline
Runes protocol has a preset genesis on the 4th halvening of Bitcoin blockchain.
As of March 2, 2024, 20:20 UTC, the following countdowns were predicted by 5 Bitcoin halvening countdowns:
45:06:39
48:12:13
49:13:01
49:13:39
49:13:39
The length of epochs
Epochs in this structure are designed to take 24 hours each, translating to 86400 seconds (24 * 60 * 60). The cutoff for the Rune distribution is set for May 6th 21, 2024, at 9:21 UTC, marked by a Unix epoch time of 1713691260. This calculation was corroborated using two sources for accuracy.
Our analysis revealed a median prediction of 49 days, 13 hours, and 1 minute for the halvening. When this period is added to the current timeline, it offers the most precise approximation.
Last updated