If you've come across this, Welcome.

INTRODUCING:

RuneDEX Genesis Pass

A DECENTRALIZED EXCHANGE FOR TRADING RUNES

TOTAL SUPPLY: 22,000


DISTRIBUTION:

2000 will be allocated to the team. This will represent our stake in the project.

20,000 will be sold in a public sale.

After the public sale concludes, the team supply will be removed from the collection, and staked in a vault. Trading will be enabled with a supply of 20,000 after the mint concludes.


PURPOSE:

Each Genesis Pass will earn a share of protocol fees based on the following structure:

Staked Pass Pool: 79.5%
Bonus Pool: 20%
Fee Pool: 0.5%
Unstaked Pass Pool: 0%

Unstaking Period = 24 hours
Snapshots = every 24 hours at 00:00 UTC

All staked Passes will equally split a portion of the Staked Pass Pool

The fee pool will be used to automatically airdrop your portion of earned fees on a weekly basis. There will be no claim or interaction required.

The remaining 20% will be shared as a bonus between the following collections: RSIC METAPROTOCOL, NodeMonkes, Bitcoin Puppets, and OMB


BONUS STRUCTURE:

RSIC METAPROTOCOL: 7.5%
NodeMonkes: 5%
Bitcoin Puppets: 5%
OMB: 2.5%

-Only Staked Genesis Passes in combination with one of the four collections will qualify for the bonus.

-Only one Ordinal is required to activate the bonus for multiple Genesis Passes staked.

-Bonuses can be stacked if you hold more than one collection.

-Bonus collection Ordinals are not required to be staked, only held in your wallet. Genesis Passes may be staked in a separate wallet, such as a burner. To verify ownership, you will inscribe a 'Proof of Ownership' inscription in the Staked Wallet, and send it to our POV (Proof of Verification) Wallet. This will be used to verify your assets and enable your bonus.

RSIC METAPROTOCOL bonuses will be determined by rune rarity. Rarer runes will earn a higher share of the bonus.

The remaining three collections will be evenly split from their pool, determined by the number of Pass stakers.

These four collections above have been chosen as leaders of our current period in Ordinals. As the ecosystem grows, their legacy will forever be cemented and remembered with RuneDEX.


RUNEDEX RUNE SUPPLY: (NAME TBA)

21,000,000,000

50% will be airdropped to Staked Genesis Pass Holders at time of snapshot.
The remaining 50% will be used for liquidity.

We do not aim to be the first rune etched, instead, our goal is to be the rune with the largest liquidity at launch. With RuneDEX, any runes will be tradeable upon set up of their initial Liquidity Pools.

This is the only source of Truth. All updates will be provided on our Sat via Inscriptions.

RuneDEX will be owned by the people, on the most decentralized blockchain.