cLEarn (@clearn) • Hey
Crypto Learn and Earn
Publications
- **Optimizing Strategies for Minting Runes on the Bitcoin Network**
by ᛒᛁᛏᚲᛟᛁᚾ ᚱᚢᚾᛖᛋ ᚾᛖᚹᛋ ( https://t.me/runes_protocol )
📜 **INTRODUCTION**
The concept of "**Runes Minting**" offers a unique opportunity to leverage the Bitcoin blockchain to create digital assets known as Runes. For enthusiasts within this growing ecosystem, understanding and minimizing minting costs can substantially impact profitability.
This guide delves into the dynamics of Bitcoin pricing, transaction fees, and effective minting strategies.
🔍 **1. UNDERSTANDING MINTING COSTS**
**- Sat/vB Price:** This metric, the cost in satoshis per virtual byte, is critical for assessing transaction fees on the Bitcoin network. Lower sat/vB rates mean cheaper transactions, crucial for cost-effective minting during peak network activity.
*Monitoring tool:* Mempool Space: https://mempool.space.
**- BTC Price:** The price of Bitcoin directly affects the investment in minting Runes, especially when considering the FIAT value. Minting during high Bitcoin prices might increase costs but could enhance the value of the Runes.
*Strategy Tip:* Wait for a dip in Bitcoin prices before minting to benefit on lower costs.
**- Mint Cost from Service Platforms:** It's vital to compare platform fees for minting services. For the most cost-effective options, visit Runes Protocol on Telegram: https://t.me/runes_protocol/54. I use Adobit, which offers competitive rates and a referral program that can further lower costs ( https://adobit.xyz?r=ob091dwo ).
*Referral Discount:* New Cost = Original Cost - (Referral % * Original Cost)
🔖 **2. COST-REDUCTION STRATEGIES**
**- Optimizing Minting Timing:** Aim to mint when network gas costs are low, typically during less busy periods. This strategy requires continuous monitoring of network dynamics.
Best Times: Late nights or weekends when transaction volume tends to decrease.
**- Using Referrals:** Engaging in referral programs provided by platforms can significantly reduce the cost. It’s a win-win for both referrer and referee.
Pro Tip: Always look for platforms that offer the highest referral benefits to maximize savings and lowest inscription cost.
**- Bitcoin Price:** Mint during Bitcoin price is going down, as your effective cost in FIAT will be lower vs others which minted in period of Bitcoin pushing at higher levels in $ terms.
📈 **3. Practical Example: Comparing Minting Strategies**
Consider two scenarios:
**Scenario 1:** Minting during a peak in Bitcoin’s price
**Scenario 2:** Minting when gas costs are lower and utilizing referral and promotional benefits to further reduce costs.
**Scenario 1: Minting during a Peak in Bitcoin’s Price**
- Overview: Minting Runes when the Bitcoin price is at a peak.
- Bitcoin Price: High, approximately $ 70,000
- Sat/vB Price: Elevated due to increased network activity, 200 sat/vB.
- Total Minting Costs: Higher due to elevated BTC and sat/vB prices.
- Potential Benefits: The Runes minted may have a higher initial value due to the high Bitcoin price, which could be advantageous if Bitcoin's price continues to rise.
- Risk Analysis: There is a risk that Bitcoin's price could stabilize or drop, which might reduce the relative value of the investment if the market adjusts downwards, as the minting costs will be reduced at that point.
**Scenario 2: Minting when Gas Costs are Lower, Utilizing Referrals and Promotions**
- Overview: Minting Runes during a period of low network activity and taking advantage of promotional offers.
- Bitcoin Price: Moderate or low, $ 35,000
- Sat/vB Price: Lower, reflecting reduced network congestion, 10 sat/vB.
- Use of Referrals and Promotions: Applying discounts or bonus offers from a minting platform like Adobit.
- Minting Costs: Significantly reduced due to lower gas costs, Bitcoin reduced value in $ terms and additional discounts.
- Potential Benefits: Reduced initial investment allows for minting more Runes or conserving funds for other investments.
- Risk Analysis: The lower cost of entry must be balanced against the potential for slower initial growth if Bitcoin’s price remains low or decreases.
**💭 Conclusion of Comparison**
This comparison shows that while minting during a Bitcoin price peak can yield high-value Runes, it also comes with greater financial risk and higher initial costs.
Conversely, minting during periods of low gas costs and utilizing financial incentives reduces initial expenses and financial exposure, though the growth potential may also be tempered.
📝 **Strategy Recommendation**
Based on the scenarios above, consider your risk tolerance and financial goals when choosing a minting strategy.
Those seeking to maximize immediate value might prefer Scenario 1, while those looking to minimize costs and risk might find Scenario 2 more appealing.
Thank you for joining me on this exploration of Rune Minting strategies.Happy minting
- If you are interested into #Runes protocol on #Bitcoin, join telegram Runes News channel:
https://t.me/runes_protocol
- I just claimed "AISC DAY 1 - Linea" on Coinvise, check it out!
https://coinvise.co/AlphaInsiders/Linea
- Just minted Day 52 on @basepaint_xyz! Hundreds of pixel artists made this together on the blockchain. Minting is open only for 24h
https://basepaint.xyz/mint/52
- Check out my @etherScore.lens profile to see my on-chain reputation and badges!! #Web3 #Soulbound
https://alpha.etherscore.network/profile/0x9bd215c2530df574657510b2f991d5c326df7c50
- #SYBILFREESUMMER SAY IT BACK (AND COLLECT IT)
- https://debank.com/stream/396198?t=1691672885134&r=47410
- https://debank.com/stream/395708?t=1691665238948
- https://twitter.com/cLEarnProject/status/1679248849557245954
- I just contributed to the 🕯️ KZG Ceremony 🕯️ using 0x9bd21…7c50 to help scale Ethereum
↓ Add your own randomness ↓ ceremony.ethereum.org
- Thank you for the warm welcome! Here’s a special gift for you:
**We’ve partnered with @lensprotocol for an exclusive ICE Poker skin airdrop!** You can wear this skin around Decentraland and equip it to play ICE Poker.
Each skin will also come with **3 free poker tournament entries** so you can play to win prizes like MacBooks, iPhones, Decentraland LAND, high-value NFT collections, and more.
To get your free skin, simply collect this post by Wednesday 7/5 and we’ll airdrop your Lens skin on Friday 7/7.
(Must follow to collect)
- Onboarding to Lens in 3 Simple Steps!
"I claimed my Lens profile, what do I do now?" Is a question I get a LOT. I recommend doing 3 things that we go over in this video:
- complete your profile
- make your first post
- get on mobile
Disclaimer: these are my personal views, not those of The Aave Companies. There is more than one way to complete these activities, DYOR!
What should I cover next? Comment your suggestions and questions below 👇
- Phaver X Colexion Campaign: 🏏
How to take Part: 👇
In the Phaver app → share a screenshot of your @colexionNFT Tournament Leaderboard in “Cricket” premium topic (make sure your username is visible).
In your post - Include your favorite team + how you would celebrate if you win.
🏆
Three winners will be selected by the team and winners will be rewarded with 5000 points each 🎉
Phaver users will also get 25 USD worth of Colexion tokens to spend in the Colexion App using the Phaver download link👇
rb.gy/89d07
- I just voted "In favor" on "RFP-16: ARB Incentives for Radiant Stakeholders" https://dao.radiant.capital/#/radiantcapital.eth/proposal/0x3ddf7c759cb0633cccdaf7a579ba22f9852ef2a0af8804a49cb2f6e3f2f23b93 #snapshotlabs
- #Bonsai seed is planted
https://bonsai.lens.xyz/
- We made an oof...
This name was already in use in the web3 space, and we want to respect that.
So... we're taking new name suggestions below 👇
- The Lens community is incredibly active!
We've distributed a total of 583,500 USDC to 5,835 users on Avocado.
To check your eligibility and claim your share, visit: https://avocado.instadapp.io/c/lens-drop
- GM! 🌿
Leave a comment, a drop might be coming 👀
- ** #RabbitX Airdrop Coming / Snapshot April 9th**
Don't miss out on this opportunity! Haven't deposited or traded on RabbitX yet? You still have time! The last snapshot date will be on Sunday, 9 April 2023. Participate in our early-mainnet http://app.rabbitx.io. Get the access code in our discord
https://discord.com/invite/rabbitx/
Like and Mirror / Follow for more
- Nexon Finance mainnet is live on #zkSync Era 🔥
Checkout: https://app.nexon.finance
- #gm crypto
- gm lens frens 👋
Today I have made an important decision in my life 📢
I quit my job today and going to focus full-time on maintaining the first-ever open-source frontend @lenster.lens 🌸 powered by @lensprotocol 🌿.
Building social media was my dream since 10th grade, I built more than 4 social media in public but all failed, Lenster is my 5th one and it’s going crazy ⚡️.
I believe building in public is key 🔑 to the success of a product.
We have a lot of items queued up in the roadmap, be excited about it 🕺
**Collect this post for 2 WMATIC and support Lenster’s development 🙏**
- I just signed the Glass Manifesto and got early access to claim The Glass Pass. See you on @glassxyz.lens :
https://glass.xyz/manifesto
- 📢We are delighted to announce that we have reached an important milestone:
🎉70,000 badges claimed by 20,000 users on Polygon !
We are very proud of our community for being among the first to experiment with #SBTs and on-chain reputations to help shape the future of #Dapps !
👉If you still haven't claimed your free #SBTs, check out which ones you're eligible for based on your interactions in #Web3!
⏳Hurry up so you can take part in the first #DAO proposal vote on Snapshot next week!
- 📢We are delighted to announce that we have reached an important milestone:
🎉70,000 badges claimed by 20,000 users on Polygon !
We are very proud of our community for being among the first to experiment with #SBTs and on-chain reputations to help shape the future of #Dapps !
👉If you still haven't claimed your free #SBTs, check out which ones you're eligible for based on your interactions in #Web3!
⏳Hurry up so you can take part in the first #DAO proposal vote on Snapshot next week!
- https://app.cryptogpt.org/referral?code=DIVMPMJ
Download CryptoGPT and farm rewards! Use my code to sign up: DIVMPMJ
- Airx Hero Launch
Mint is live! Good luck Heroes! #HERO Avatars #AR
https://airxhero.com
https://twitter.com/AIRCOINS_App/status/1626947384218382337
- Mint is live! Good luck Heroes! #HERO Avatars #AR #Aircoins
https://airxhero.com from https://aircoins.io
- Revv Racing by @clearn.lens #Lenstube
https://lenstube.xyz/watch/0x65ff-0x2c
- Revv Racing
- @gho.lens https://collect.gho.xyz/
- ***`#AI generated script, voice, character and video about 5 things you need to know about #blockchain`***
- ✨Phi🏝️ × Lens🌿✨
"Yasai Lens Festival", an Official Campaign Collabs with @lensprotocol 🌿 & @lenster 🌸, is now live on Phi🎉🤩
📅 Campaign Period: 7th Feb ~ 21th Feb 2023 12:00AM UTC
Yasai Lens Festival has 2 parts:
1) Yasai Quests🌿 - Taskbased Quests dedicated to @lensprotocol 🌿 & @lenster 🌸
2) Good Lenster Post Race🏁 - A Community Race for Good Lenster Posts
Check out the details 👀🧵↓
https://quest.philand.xyz/campaign/lens-yasai
- @philand.lens #Lens #Yasai #Event
Visit my Philand:
https://land.philand.xyz/clearnproject.eth
Visite Campaign:
https://quest.philand.xyz/campaign/lens-yasai
- https://twitter.com/cLEarnProject/status/1621256291942277120
Giving out 2 x AIRxKICK Type-C #NFT sneakers
- I just deposited $2.05 into my @pooltogether.lens prize savings account! Join me and thousands of others saving $41,268,640.04 and winning 674 prizes daily. #PoolTogether
https://app.pooltogether.com?utm_campaign=in-app-share&utm_source=app&utm_medium=lenster&utm_content=deposit
- **Four new airdrops launching soon 🚨**
$THE from Thena (claimable ✅)
$LIT from Timeless (Jan 25)
$MUX from Mux Protocol (claimable ✅)
$PMX from Primex (tokenomics published)
Check if you were eligible to claim 👇
Quick Intromission 📢
I'm part of @earndrop 's team
It's a site where you enter your wallet and it shows if you have airdrops to claim
Also, with a free account, you can monitor 2 wallets and receive emails as soon as new airdrops launch
Try it: earndrop.io
1/5
Airdrop 1: $THE
• A token of ThenaFi_ - the native liquidity layer & DEX on BNBChain
• Eligible? theNFT Minters + protocol early users (retroactive)
• Check eligibility and claim: 🔗 thena.fi/airdrop
2/5
Airdrop 2: $LIT
• Liquidity Incentive Token from Timeless_Fi
• Goal: Bootstrap liquidity for the Timeless yield markets
• Eligible? "Early Timeless & Bunni users"
• Claim: Jan 25 (next Wednesday / stay tuned)
3/5
Airdrop 3: $MUX
• A token of muxprotocol - a leveraged trading protocol
• Eligible? Addresses that traded over $10K on GMX between Oct. 27th and Dec. 25th, 2022
• Claim: app.mux.network
(* you need to open a position on MUX to claim)
4/5
Airdrop 4: $PMX
Primex announced their tokenomics 10 days ago
• 35% will go to the community
• From that 35% allocated to community, 30% will go for retroactive rewards (around 10% of total token supply)
• Full details: 🔗 https://blog.primex.finance/introduction-to-primexs-tokenomics-52d916d99592
5/5
A non-transferable version of the PMX token will be present in the ecosystem upon mainnet launch.
Mainnet launch date has not been confirmed.
You can still participate on their Early Rewards Program. Ask on their discord: https://discord.gg/T4C5YmjtzJ
Stay tuned ⚡️
- My Second MusicNFT post 🎵 🎶 🎧
Trapped Violin Cello Pt2 - BeatsByJayshan
This is my little cousin's second #trap instrumental inspired from his first called Trapped Violin Cello that you can find here: https://lenster.xyz/posts/0x013cee-0x0648
All BeatsByJayshan are exclusive to @lensprotocol and cannot be found anywhere ELSE 👁️
COLLECTORS of this POST have FULL OWNERSHIP & RIGHTS to this INSTRUMENTAL 📜
Price: 3 WMATIC
Referral: 10%
Available: 25 (LIMITED DROP🚨)
#Lenster #Lens #TrappedViolin #TrappedViolinPt2 #Music #Instrumental #BeatsByJayshan 🔥
- Things are getting hot over at @bellosights.lens. 🍄 🥵 Introducing Collector Heat Maps.
Maximize the engagement of your NFT drop by precisely locating your collectors' least active and most active purchasing periods.
Here's how it works. 🧶
When web3-native music artist DLG approached us with the wish to know the optimal day and time to sell his music NFTs, we knew we had to help.
That's why we've created a new dashboard with 3 powerful features:
🔍 Dynamic Filtering
🔍 Active Days
🔍 Active Times
---
**🔍 Dynamic Filtering**
Sift through your community's onchain behavior to identify their least active and most active collection periods.
Analyzing your collectors' activity patterns can provide insights into their preferences and help inform your decision-making for future drops.
For example, if you notice that your community tends to be more active in the evenings, then consider releasing your NFTs in the evening to capitalize on this activity.
**🔍 Active Days**
Discover the perfect day to consider dropping your NFT collection.
Releasing your NFTs on a day when your community is available to collect them may increase their ability to participate in the drop and potentially result in a sold-out collection.
**🔍 Active Times**
Maximize your NFT campaign's performance by releasing them at the optimal time.
Just like specific times are best for pushing content on social media, we believe the same holds true for understanding your collectors' preferences on what time to drop your NFTs.
Study your community's on-chain behavior and activity patterns to pinpoint their least and most active collection periods and release your NFTs at the perfect moment!
Need help identifying that perfect moment?
Sign up for Bello Beta🍄 today!
🔗 https://www.bello.lol/join
-----
PS. we're hosting a Twitter Space on Monday at 12:30 PM PST for those who want to learn more about the beauty of onchain data and what you can unlock with Bello's Collector Heat Maps.
Those who attend can claim a free NFT! 👀
🔗 RSVP: https://link3.to/e/OxQeDd
- *1. Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond*
**by Chris Burniske and Jack Tatar**
*2. The Internet of Money Volume Two*
**by Andreas M. Antonopoulos**
*3. Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money*
**by Nathaniel Popper**
*4. Cryptography Engineering: Design Principles and Practical Applications*
**by Niels Ferguson, Bruce Schneier, et al.**
*5. The Blind Photographer: Developing a Secure Image-Processing Platform on Ethereum*
**by David Maurel, Gregory Blanc, et al.**
*6. Blockchain Revolution: How the Technology Behind BTC Is Changing Money, Business & World*
**by Don Tapscott and Alex Tapscott**
*7. Exploring Cryptocurrencies: Understanding, Analysing and Investing*
**by Meiklejohn S., Orr J., Teige T., Gepp A & O’Hearn PwC UK**
*8. Mastering Bitcoin: Programming the Open Blockchain (2nd Edition)*
**by Andreas M Antonopoulos**
- **🎉 It's giveaway time**
https://twitter.com/cLEarnProject/status/1608959294300655617
Up for grabs are three amazing @pooly.lens #pfers
#4460, #4459, and #4842.
💕 #giveaway #poolypfers #cryptocurrency #nft 💰
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Introducing The Vault
A token-gated tomb of exclusive, never-before-seen content from 9 thought leaders defining the web3 creator economy.
Unlock access on 11/09 by collecting a free Season 6 Pin. RSVP to the allowlist🔒https://adamlevy.io/vault
Here's what you need to know 🧵
- Almost there
https://ultrasound.money
- 🕹 Late Phase of Cycle 1 from Episode 4 Astrafite Rush - Phantom Galaxies
🫡 Putting to sleep some Xanorras + Mining Starlight Comet
https://phantomgalaxies.com/astrafite-rush-event
- Compiled a list of 5 Decentralized Exchanges that don't have a token yet 🧙♂️
It's usually quite straightforward to be eligible for DEXes airdrops:
1/5
SlingshotCrypto. Token: not confirmed.
Strategies:
• Use the swap feature, on-chain messaging & NFT Marketplace
• ⚠️ 1 day left to complete L3 Quest: http://beta.layer3.xyz/quests/slingshot-elite
• Join mobile wallet waitlist: http://waitlist.slingshot.finance
2/5
Matcha.
• By 0x team.
• No token yet (the team said no token will be launched, and it makes sense since ZRX already exists)
• Strategy: swap tokens
🔗 http://matcha.xyz/markets/
3/5
Clipper
• No token yet
• Polychain sued them because they delayed launching a token https://blockworks.co/polychain-capital-sues-dex-maker-demands-its-investment-back
• Strategy: swap tokens / add liquidity
🔗 http://clipper.exchange
Note: Clipper got $OP tokens. Follow the distribution 👇
https://twitter.com/OlimpioCrypto/status/1555475125906153472
4/5
Swaap Finance
• Still in beta (meaning low TVL & more risk)
• Token: confirmed for beta LPs
• Strategy: swap the tokens & add liquidity (5 coins available)
🔗 http://swaap.finance
5/5
Odos Protocol
• Integrated with Coinbase or MetaMask
• No token yet (airdrop: denied)
• Strategy: use the swap feature across different networks
🔗 http://app.odos.xyz
💡 Tip: explore the quests: http://galxe.com/odos
It can be seen that most strategies are straightforward: SWAP and add liquidity (when available, can't be done with aggregators)
Remember CowSwap requirements. Less than $1000 volume did not get you $COW.
⚡️
- We've integrated Lens Protocol 🌱🏰
What does this mean?
You can now create roles in a guild, based on someone:
- having a Lens profile
- following someone on Lens
- collecting a post
- mirroring a post
Lens requirements are composable with any combination of:
- fungible and non-fungible tokens on 17 chains
- over a dozen on-chain and VC integrations
- off-chain social data from Twitter, Discord and GitHub
All this to create roles and gated areas in Discord, Telegram, Google Workspace, GitHub and anywhere else with the Guild SDK.
Interoperability for communities is slowly but surely coming together.
- 🤡Wanna play a game ?.
⚙️ Win 1 Saw Game Pass to play and earn:
⚙️ Join at http://guild.xyz/clearn
✍️ More on #mirror:
https://mirror.xyz/clearnproject.eth/wsLEVK0shiAEA_rljBjauLnJFiySiqZl1UNwSntlick