8979 | BVM

Building @BVMnetwork 🛠️⚙️

[8979 | BVM @bird8979]

tiramisu for lunch?

[Bitcoin Virtual Machine @BVMnetwork]

A rune just did $50M in trading volume in the last 24 hours.

Which one is it?

[Bitcoin Virtual Machine @BVMnetwork]

GM BVM holders,

Ouch. It's been a brutal couple of days. We've heard your feedback on the BVM/RUNIX situation. Thank you, especially @jksats, for your BVM DAO proposal.

Here are our actions for the next 24-72 hours.

1) Replace all BVM pairs with BTC pairs on RuneChain

Replacing BVM pairs with BTC pairs to remove selling pressure on BVM.

On RuneChain, you'll be trading BTC/RUNIX, BTC/RSIC, BTC/SATOSHI, etc., instead of BVM/RUNIX, BVM/RSIC, BVM/SATOSHI, etc.

2) Replace the BVM/RUNIX pair with the ETH/RUNIX pair on Ethereum

On Uniswap, you'll be trading ETH/RUNIX instead of BVM/RUNIX. The ETH pairing will remove selling pressure on BVM.

3) Update RUNIX tokenomics

Initially, we opted for a simple tokenomics model. However, given what has happened in the last few days, we had to make a change for RuneChain's long-term health.

10% for Runer activation rewards with a rate limit of 1000 Runers activated per month. This is to reduce the circulating supply of RUNIX.

The remaining 90% is allocated as follows in every epoch.

- 10% for Runer owners who hold (12-month vesting)
- 30% for Runer owners who trade (12-month vesting)
- 10% for Rune Staking
- 50% burned

The 12-month vesting will reduce the circulating supply of RUNIX.

A lower reward for Runers who trade (30%) will balance out the distribution among all stakeholders.

10% for Rune Staking to acquire new users for RuneChain (See action #5 below).

And finally, 50% burned.

4) Update RUNIX revenue sharing

In the first month, 100% of the revenues go to the dev team to fund the development, marketing, exchange listings, and operations.

Second month onward, the revenues will be shared as follows:

- 10% to the dev team
- 20% to SHARD holders (BVM stakers)
- 70% to RUNIX holders

SHARD holders play a crucial role in our ecosystem. Ideally, in the future, we should have multiple "child" revenue-generating Bitcoin L2s, and they share revenue back to the "parent" holders.

5) Rune Staking Program

You can stake RUNIX, RSIC, SATOSHI, ELSA, WANKO, etc. and earn RUNIX.

We have dedicated 10% of the epoch rewards for staking programs.

We believe that this will help acquire many Rune users onto RuneChain for trading and increase the revenue sharing amount for RUNIX holders.

6) Use BTC for gas fees on RuneChain

Finally, Using BTC for gas fees to provide a seamless UX for users.

PS: This is a moving roadmap for the next 3 days. We'll move as fast as we can to implement them. We'll let the community know if there are any changes. Any feedback is much appreciated.

[Bitcoin Virtual Machine @BVMnetwork]

Halving is coming and the Bitcoin sat fees have been increasing!

Over 90% of Runers have been successfully inscribed. Less than 10% remaining might be inscribed after the halving.

For those who made payments but couldn't mint, rest assured that refunds will be processed soon once all Runers are successfully inscribed.

Fortunately, the rewards for activating Runers are reserved. You can bridge your Runers to the RuneChain later and still claim 100 $RUNIX.

Thank you for your understanding and support during the process.

[Bitcoin Virtual Machine @BVMnetwork]

RUNE#4: THE•RUNIX•TOKEN

https://t.co/T0KunSoppX

[Bitcoin Virtual Machine @BVMnetwork]

420 RUNERS FREE MINT SPOTS FOR RUNESTONE HOLDERS @LeonidasNFT

1⃣ Like, Repost & Follow @BVMnetwork

2⃣Drop your Bitcoin taproot wallet address in the comment (bc1p...)
Include in the comment the @MagicEden link of your RuneStone to verify ownership

⏰48 hours from now

RUNERS is the official Ordinals Collection of RuneChain - the Bitcoin L2 that scales Runes trading

👉Total supply: 21,000 (420 spots = 2% total supply)
👉Mint date: April 16

Each Runers holder will get 100 $RUNIX allocation when RuneChain goes live on April 19

More info about Runers collection in this post:
https://t.co/OxmpNNhNql

[Bitcoin Virtual Machine @BVMnetwork]

RUNECHAIN - RUNERS - $RUNIX

Here's everything you need to know before you start your journey!

The context

RuneChain is the Bitcoin L2 that scales Bitcoin for Rune trading. Powered by @BVMnetwork, it’s made for mass adoption with a rock bottom $0.001 average transaction fee and a nimble 1-second block time.

→ https://t.co/T0KunSoppX

Runers: A unique Ordinal collection inspired by the Rune alphabet.

$RUNIX: The RuneChain token.

Runers Ordinal Collection

- Total supply: 21,000
- Reserved for specific communities, with SHARD holders eligible for the highest personal limit of up to 10 Runers
- Free minting available on https://t.co/CJxCHjYc3D

The collection features 10 Runer characters, ranked in rarity from ODIN, THOR,... to RUNERS. The distribution of each character is as follows:

$RUNIX

- Total supply: 21M
- 100% community allocation, no VCs, token sales, or team allocation
- 10% distributed to Runers holders upon bridging their Runers to RuneChain, granting 100 $RUNIX per Runer.
- 90% earned through mining: buy and sell $RUNIX to mine more $RUNIX

Mining rewards are halved every month, paid out over 32 months, commencing with 9,450,000 $RUNIX in the first month.

$BVM is required to cover the gas fee on the RuneChain.

Each Runer character provides a mining boost, with rarer characters offering higher boosts. Combining Runers in a combo can significantly multiply mining rewards.

How to mint Runers?

Mint your Runers for free on Generative.
- Connect your Metamask wallet to Generative
- Mint Runers to any Bitcoin Taproot wallet.

Only a small amount of BTC is required to cover the gas fee.

Who is eligible to mint Runers?

Runers are exclusively reserved for specific communities, including:

Maximum of 10 Runers per wallet:
- SHARD holders

Maximum of 3 Runers per wallet:
- $BVM holders

1 Runer per wallet:
- GM holders
- Generative Key holders
- Perceptron holders
- Alpha users
- $NAKA holders
- 404 PAGE NOT FOUND holders
- $EAI contributors
- Other Bitcoin and Ordinals communities

No stacking allowed. If eligible for multiple criteria, the highest possible amount of Runers will be allocated, up to 10 Runers.

A verification process will determine the number of Runers allocated to each participant.

Enjoy the journey!

[Bitcoin Virtual Machine @BVMnetwork]

Am I eligible for a Runers free mint slot?

This is one of the most frequently asked questions we've received lately. Here are the answers:

For SHARD holders:
- Holding 1 SHARD or more: 1 Runer
- Holding 10 SHARD or more: 3 Runers
- Holding 50 SHARD or more: 10 Runers

How many SHARD can I mine per day?

To calculate the amount of SHARD you can mine daily, simply divide your staking amount by 365.

For example, if you stake 1,000 $BVM, you can expect to mine around 2.73 SHARD per day.

For $BVM holders:
- Holding 400 $BVM or more: 1 Runer
- Holding 1,000 $BVM or more: 3 Runers

$BVM on all the networks are counted.

For GM holders:
- Holding 1 $GM or more: 1 Runer

For Generative Key holders
- Holding 1 of any key: 1 Runer

For Perceptrons holders:
- Holding 1 Perceptrons or more: 1 Runer

For Alpha users:
- Having 100,000 airdrop points or more: 1 Runer

For Naka holders:
- Holding 75k $NAKA or more: 1 Runer

For 404 PAGE NOT FOUND holders:
- Holding 1.5M 404 or more: 1 Runer

For $EAI contributors:
- Contributing $500 or more: 1 Runer

Snapshot will be taken at 8AM UTC on Apr 16th, 2024.

Free mint slots will be allocated on a first-come, first-served basis.

Good luck!

[8979 | BVM @bird8979]

@punk3700 @BVMnetwork 👀👀

[3700 @punk3700]

Say hello to the first Rune on the testnet.

Eetched by the @BVMnetwork team.

Getting ready for the https://t.co/WvkacO4sRa launch.

https://t.co/QzXcp9Wxm5

[Bitcoin Virtual Machine @BVMnetwork]

$BVM WEEKLY UPDATE

How do you feel about the progress of @BVMnetwork? Let's pause for a moment and review the main highlights from the past week:

- The 404 Page Not Found collection is now listed on @MagicEden
- Bitcoin L2 Builder Program reminder
- Roadmap in Apr
- Welcome @Ordibank and @SUPRA_Labs to the @BVMnetwork ecosystem
- $BVM is tradable on @arbitrum
- The 4th $BVM burn
- New module: DAO, ZK-Rollups
- New wallet integration: @okxweb3
- New launchpad proposal: @swamps_src20 - $GSWP

[Bitcoin Virtual Machine @BVMnetwork]

NEW WALLET INTEGRATION: OKXWEB3

This integration allows users to use their @okxweb3 wallets to access any Bitcoin L2 blockchain powered @BVMnetwork.

Also, $BVM is now available on the OKX Dex. This is just the first step, as we aim for other integrations, including:

- Collaborating with @naka_chain, a modular L2 optimized for DeFi on #Bitcoin, to offer staking services accessible via the OKX wallet.

- Enabling users to deploy their AI models smoothly through @CryptoEternalAI, a Bitcoin Layer 2 platform specifically tailored for AI workloads using the OKX wallet. This represents a significant development in AI Bitcoin L2 blockchain and the leading web3 wallet use-case scenarios.

The collaboration between BVM and OKX wallet is a significant step forward, paving the door for connections to the modular Bitcoin L2s blockchain and the larger Bitcoin ecosystem.

[Bitcoin Virtual Machine @BVMnetwork]

DAO MODULE IS NOW AVAILABLE!

Every Bitcoin L2 powered by @BVMnetwork now has the option to build a DAO as part of their blockchain setup.

BVM DAO is the first one to implement the DAO module.

→ https://t.co/j8HNYItCj8

- Govern a 50M $BVM treasury and more
- Proposals submitted by SHARD holders
- Votes cast by SHARD holders

WHO'S ELIGIBLE?

Exclusive for SHARD holders. Stake your $BVM now to mine SHARD. The more SHARD you mine, the stronger your voting power becomes.

WHAT TO DO?

There's a way for everyone to get involved with the BVM ecosystem and community through the DAO.

- launch a new Bitcoin L2 on @Naka_chain Launchpad
- make BVM T-shirts, caps, or socks,...
- host local community events
...

Simply propose your idea, and if approved by the community, let's make it happen!

WHAT'S IN THE TREASURY?

The Treasury will hold a range of assets. Initially, it will have 50M $BVM coming from the 50% community share in the BVM tokenomics, vesting over 5 years.

Additionally, the treasury will include 100M $EAI, details to be updated post-TGE.

Expect many other assets to be added to the Treasury later.

HOW IT WORKS:

- To submit a proposal, a minimum of 1,000 SHARD is required
- Proposal duration: 4 days (1 day for preparation, 3 days for voting)
- SHARD balance snapshot upon voting availability
- Vote using the entire SHARD balance.
- There is no lock period; numerous proposals can be voted on at the same time

WINNING CONDITION

To succeed, a proposal needs to secure a minimum of 4% of the total SHARD amount in votes. The outcome is determined by the majority vote.

Please note that in the early stages, the team has the flexibility to pass on proposals that might not quite fit the community vibe.

Claim your SHARD and get ready. The first proposal is on its way!

[8979 | BVM @bird8979]

@punk3700 Lol, you got me

[8979 | BVM @bird8979]

Just challenged this music AI model with @CryptoEternalAI

Eternal AI is a Bitcoin L2 designed for AI, allowing anyone to train and deploy on-chain AI models on Bitcoin effortlessly.
#T4S8LXR #GQPQVB

Join $EAI public sale now:
https://t.co/UwNgRJCOg4

[Eternal AI @EternalAI_]

🎁 GIVEAWAY: PERCEPTRONS #124

To celebrate the $EAI IDO, we are raffling Perceptrons #124

🧠The first functioning on-chain AIs on Bitcoin
🧠A life form that grows, dies & regenerates
🧠A portrait of neural networks

To enter the raffle:

1) Enter the allowlist: https://t.co/LA94gvsh8I
2) Follow @CryptoEternalAI and @naka_chain
3) Like and retweet this tweet

Perceptrons #124 on @MagicEden (current floor 0.05 BTC):

https://t.co/JngMSMsxvL

[MEXC @MEXC]

We're thrilled to announce that the @BVMnetwork Kickstarter has concluded and $BVM will be listed on #MEXC!

🔹Deposit: Opened
🔹BVM/USDT Trading: 2024-03-21 14:00 (UTC)

Details: https://t.co/9EzASISyW8

[Naka Chain @naka_chain]

Official: BRC-404 to Ordinals Bridge is live

Explore now: https://t.co/1akLxDCHgE

Now you can

- Export you BRC-404 NFT to Ordinals
- List your Inscription to Magic Eden

Next milestone: Ordinals to BRC-404 Bridge

Stay Tuned!

[Bitcoin Virtual Machine @BVMnetwork]

$BVM IS COMING TO @MEXC_Official!

[Bitcoin Virtual Machine @BVMnetwork]

Thank you, @CoinDesk, for covering our recent product launch in AI innovation, developed in partnership with @CryptoEternalAI.

→ https://t.co/0uNjLyDenM