Bitcoin
CyberKongz Reveals Details of Bitcoin Rune Airdrop, ‘Mad Rush’ Behind the Recording
While preparing for an upcoming Bitcoin Runes airdrop for incumbents, long-time Ethereum NFT project CyberKongz is preparing to reward its Prometheus Ordinal holders – while also aiming to attract and onboard a new ETH audience to Bitcoin.
Launched before the Runes token protocol, the recent CyberKongz Ordinals the collection generated great excitement ahead of the promised token drop for holders. And this week’s launch of the Runas DOG•GO•TO•THE•MOON token suggests a potential trajectory for launch.
Holders of Ordinal Runestone Resources received a Runes meme coin airdrop DOG•GO•TO•THE•MOON on Wednesday. DOG quickly reached almost double the volume of all other Bitcoin Runes combined, with the increase benefiting holders in the process. CyberKongz holders are undoubtedly hoping for a similar result.
“I like to think we are chain agnostic”, pseudonymous founding member of CyberKongz Henry the Grape counted Decrypt. “We knew it would be a mad rush, but we wanted to get an ancient Rune that aligned with the provenance and culture.”
The team focused on securing one of the first 10 rune engravings following the Bitcoin halved last Friday. With 8 BTC (more than US$500,000) in a wallet, CyberKongz intended to burn the Runes token on block 840,000 immediately after the halving, aware of the importance of the moment for the origin of the project. To their surprise, the team won second place in Rune engraving.
“We were thinking more like a degen and less about the dollar and cents,” Henry the Grape said of the effort and expense. “We asked ourselves, ‘What does this look like? What’s cool for space?’”
When brainstorming potential names, he said they were determined to select one that encapsulated both the essence of Web3 and the story of CyberKongz. They chose the name “⚡️DECENTRALIZED” – yes, with the emoji included.
Earlier The rune names are long and strange, thanks to protocol restrictions, but CyberKongz aimed to keep things simple. Well, besides that lightning bolt emoji.
“It’s the only word in the top 40 [Runes],” said Henry the Grape. “We were at the beginning of ETH, it was very suitable for who we are as a project.”
The team shared its Rune airdrop allocation exclusively with Decrypt. With a total supply of 21 billion tokens, 91% will go to Promethean holders, while 4.5% of the supply will be distributed across 20 leading Ordinals communities. The remaining 4.5% will go to launch contributors.
The snapshot of Promethean holders will occur in block 841,269, estimated for Sunday afternoon (UTC). Of the 21,000 Prometheans assets released earlier this month, more than 18,000 have been distributed to Ordinals communities.
“We choose communities that align with CyberKongz values and specifically the narrative of ⚡️DECENTRALIZED, which is provenance and culture,” said Henry the Grape.
“We use a thoughtful script called Diamond Hand Script. So we capture the holders in various communities and base the airdrop on the wait time,” she added. “It went to the 1,000 wallets that stayed the longest to reward people who made an early bet on Ordinals.”
Edited by Andrew Hayward