New dark horse of the Runes protocol, detailed explanation of Beta Bunnies airdrop rules

What is BTC Beta?

According to Olson, BTC Beta aims to become a revolutionary platform in the Bitcoin ecosystem, focusing on providing financing and issuance services for early projects, along with a range of data indexing services. BTC Beta addresses the lack of dedicated IDO platforms in the Bitcoin ecosystem and the limitations of the BRC20 token inscription and financing process by launching the BRC-202 protocol based on the Runes protocol. The BRC-202 protocol is compatible with protocol messages within Runes and uses UTXOs to represent balances, enabling new features such as token financing issuance, batch transfers, burning, and tagging while alleviating the burden of rune numbering and Bitcoin storage.

BTC Beta's business model deeply integrates its technological innovations with market demand, aiming to build a multi-layered income-generating ecosystem.

First, through its BRC-202 protocol, it provides paid inscription token issuance services for projects on Bitcoin, empowering them with financing.
Furthermore, the decentralized indexing protocol developed by BTC Beta lowers the barrier to accessing Web3 data through AI-driven use cases, providing developers with powerful data querying and analysis tools. On this basis, BTC Beta allows indexers to participate in the network by staking platform rune tokens and providing query services, earning fees and inflation rewards, while users pay based on usage, creating a self-sustaining economic model.

What is BRC-202?

The BRC-202 protocol introduces the concept of paid inscription based on BRC-20, allowing users to inscribe rune tokens by paying a certain fee, greatly facilitating financing and token issuance within the Bitcoin ecosystem. This not only enables project teams to issue BRC-20 tokens for financing through a public, decentralized platform but also significantly simplifies the issuance process and lowers the entry barrier.

The BRC-202 protocol brings a series of significant advantages to the Bitcoin ecosystem, promoting innovation and development through its unique design and features:

High Compatibility: BRC-202 is highly compatible with BRC-20 and Runes protocols, providing developers with a familiar environment and lowering the technical barrier.
Innovative Paid Inscription Concept: By introducing a paid inscription mechanism, BRC-202 offers project parties a flexible and economical financing method, optimizing the fundraising process and making asset issuance more efficient and straightforward.
Decentralized Financing and Issuance: Utilizing decentralized principles and smart contract design, it ensures the fairness and transparency of financing activities, while the automated token distribution mechanism enhances the efficiency and security of fund flow.
Enhanced Interoperability: Supporting cross-chain technology and utilizing Layer 2 solutions, it reduces transaction costs and expands market margins.

For detailed code and use case analysis of BRC-202, you can refer to BTC Beta's Gitbook:

https://btcbetas-organization.gitbook.io/btc-beta-doc/brc-202-protocal/brc-202

What are Beta Bunnies?

According to the official Gitbook, Beta Bunnies are the beacon NFTs of the BTC Beta platform, an NFT collection issued on the Bitcoin network. Users holding Beta Bunnies can receive airdrops of BTC Beta platform rune tokens once the Bitcoin block height reaches 840,000 and the Runes protocol officially goes live, along with special privileges.

Beta Bunnies are divided into two tiers, each with different airdrop weights and community incentive rights:

Alpha Aurum Bunnies

Alpha Aurum Bunnies are the top-tier existence within the Beta Bunnies NFT series. They represent the highest level of rarity and prestige, with each Alpha Aurum Bunny being a masterpiece of digital art, showcasing golden decorations and royal features that highlight their esteemed status within the BTC Beta ecosystem. Collectors of Alpha Aurum Bunnies possess not just a digital asset but a unique symbol of leadership in the digital world.
Issuance Price: 0.15 BTC

Cryptic Carrot Bunnies
Cryptic Carrot Bunnies are a more widely available and accessible member of the Beta Bunnies NFT series. These bunnies are designed to be cuter and more popular, attracting a broad audience with their bright carrot colors and fun characteristics. Each Cryptic Carrot Bunny has its unique charm, representing a vibrant and growing community, reflecting the lively and democratic spirit within the BTC Beta universe.
Issuance Price: 0.05 BTC

What is the relationship or difference between Beta Bunnies and Runestone?

Beta Bunnies and Runestone are both Bitcoin NFTs issued based on the Ordinals protocol. As early NFTs in the Runes space, their differences are as follows:

Different acquisition methods: Runestone is distributed to the community through airdrops, while Beta Bunnies are obtained through paid issuance. (Of course, for users who did not receive Runestone through airdrops, they currently need to purchase the stone on the NFT market for $3,000.)
Different issuance volumes: The total issuance of the two types of Beta Bunnies is only 300, while the market circulation of Runestone has exceeded 110,000.

What are the airdrop rules and future expectations for Beta Bunnies?

According to the official Twitter announcement, users holding Beta Bunnies can receive airdrops of BTC Beta platform runes once Bitcoin reaches block 840,000 and the Runes protocol officially goes live. The specific airdrop rules have yet to be released, but it is certain that BTC Beta will base the airdrop on the issuance price of Beta Bunnies, providing holders with airdrops at a very low project valuation ($5 million).

Unless there are special unforeseen circumstances, Runes is expected to be a key token issuance protocol in this bull market, much like the position of Ordinals in Bitcoin NFTs. Other protocols have more or less technical flaws or incomplete infrastructure. Runes, backed by the users and influence of Ordinals, can quickly complete its infrastructure. Once the BTC Beta platform rune goes live, it will become the leading meme token in the Runes space, second only to Rune. Additionally, BTC Beta's IDO functionality will continue to empower the platform rune.

Holders of Beta Bunnies are early builders of the BRC-202 protocol and should be able to receive a significant amount of rune token airdrops from the BTC Beta platform. Assuming the popularity of the Runes space rises, BTC Beta's position in the Rune space could be likened to that of Sats in the BRC-20 space, with Sats currently valued at $1 billion. Therefore, the potential for Beta Bunnies is enormous.

I am just providing a basic introduction here, and I hope all readers will conduct more research on projects and tracks (DYOR).

BTC Beta Official Website: https://btcbeta.org/

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