Ordinals developer Leonidas: It is recommended to grasp the Runes casting fee and timing and estimate the market value in advance

On April 19, Leonidas, a developer of the Ordinals protocol, shared a few tips for Runes minting on the X platform, aiming to help participants avoid risks and participate in Runes minting wisely. Leonidas pointed out that due to the slow time of Bitcoin block production, when a Rune is about to be minted, users need to pay a significantly higher fee than others to ensure that the transaction goes on the chain as soon as possible. Otherwise, not only will the minting fail, but also the handling fee will be lost. Mempool should be regarded as an auction house, and the transaction of the highest bidder will be packaged first. In addition, if the Rune is not expected to be minted soon, it is more sensible to choose a period with a lower handling fee for minting. In addition, it is necessary to carefully understand the minting mechanism before minting. Take UNCOMMON • GOODS initiated by Casey as an example. Its minting window is as long as 4 years, and it is undoubtedly unwise to participate when the current bitcoin fee is at an all-time high. Leonidas also cautioned that the pre-minting volume of Rune initiators is usually more than 10%, which is greedy behavior, and about 5% is more reasonable. He suggested that the minting of Rune is equivalent to buying, and the market value is estimated in advance.