Runic Chain is a layer-2 blockchain built over the Bitcoin mainnet. The platform aims to transform the usage and management of cryptocurrencies via the Runes Protocol.
The Runic chain claims better security and transparency without sacrificing scalability. RUNIC is the native token of the Runic blockchain and allows the holders can vote on decisions and participate in the ecosystem.
This article will serve as your guidebook for understanding the Runic Chain and the Runic token. I will discuss the key features of the platform and the economics of the token, its past performance, and future price predictions. In the end, you can find the information about where and how you can buy the Runic tokens. Let’s get started right away.
Runic Chain (RUNIC) Key Features
- Security and Transparency: Runic improves the security of the transaction of digital assets, creating a robust blockchain environment.
- Better Scalability: With the help of the Runes protocol, the Runic chain allows the tokenization of Bitcoin on other networks. This cross-chain integration results in faster transaction speeds.
- Sovereign Rollups: Runic Chain offers a tool called Rollkit, which is a modular framework for rollups, where developers can add custom programs. This allows the rollups to manage their own execution and settlement.
Runic Chain (RUNIC) Tokenomics
The Runic token has a total supply of 100 million tokens, which is also its maximum supply. During the initial distribution, 40% of the tokens were reserved for the liquidity pool, 30% for seed rounds, and 10% for the team. Another 10% was distributed to the ecosystem, 5% was airdropped and 5% were listed on CEXs.
Runic Chain (RUNIC) Past Performance
The Runic token was launched on March 14, 2024, at an opening price of $0.072. After a brief drop in price, the token has been going up from last week.
At the time of writing this piece, the Runic Chain token is trading at $0.1132, almost 25% down from that just 24 hours ago. The token’s trading volume has been $688k in the same period.
Runic Chain (RUNIC) Price Forecast
It’s been just a month since the Runic token was introduced and we don’t have enough historical data to make reasonable predictions of its future price. In the pretext of the Bitcoin halving event, our analysts think that Runic will go up in price.
Where To Buy Runic Chain (RUNIC)?
Because the token is still new, the Runic token is not yet listed on any of the centralized exchanges. However, you can buy the same from Uniswap, the largest decentralized exchange, in terms of trading volume.
How To Buy Runic Chain (RUNIC)?
You can buy the Runic token from Uniswap by following the steps below.
- First, create a wallet that supports Ethereum. Metamask is a popular choice and you can download it on your phone.
- Now, on Uniswap, connect it to your Metamastk wallet.
- Buy some ETH on Uniswap. Alternatively, you can get them transferred from a CEX wallet. .
- On Uniswap type RUNIC/ETH and select the pair.
- Enter the number of tokens you want to buy and hit ‘swap’.
Conclusion
Runic Chain is a rollup over Bitcoin, and it offers the security and reliability of Bitcoin without giving up on block efficiency. The platform is also community-driven and transparent. Though the Runic token is still new to the market, our analysts are cautiously optimistic about its future performance.
With all that being said, it is important to note that investing in crypto is not for the uninitiated and this could lead to loss of principal.
The reader is encouraged to do their own research before putting money into such schemes. As always, do not invest with borrowed funds or take the risk of putting money into complicated instruments.
