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    Now you can commerce any RUN token by way of REX

    As of right now, April 9, 2021, you possibly can commerce any token created with the RUN protocol on the RelayX decentralized trade (REX).

    “Beginning at 12:00 pm UTC on ninth April 2021, all RelayX customers can commerce any token simply by pasting the token contract deal with onto the tip of RelayX.com/market/[contract address here],” mentioned RelayX in its official announcement.

    RelayX additionally introduced that the REX would start promoting ticker symbols starting at 12:00 pm UTC on ninth April 2021.

    “Sale costs start at 10 BSV per ticker plus a ten% payment which is able to go fully to REX1 Bitcoin backing pockets,” mentioned RelayX within the announcement.

    “For any unsold ticker symbols, costs will drop to 9 BSV + 10% payment per ticker image on Wednesday 14th April at 12:00 PM UTC or earlier. That is just like a Dutch Public sale. The value drops once more each 24 hours, to eight BSV, 7 BSV, 6 BSV, and so on. till every ticker is priced at 1 BSV. Additional worth drops will probably be by 0.1 BSV increments….Ticker image gross sales afterwards on the secondary market will incur a 3% payment the place 50% goes to the REX1 deal with.” 

    REX1 is the loyalty reward coin that will get distributed to REX customers; REX1 is backed by BSV and sooner or later will probably be redeemable for BSV.

    Ticker image vs. contract deal with

    The REX supplies many advantages to tokens which have a ticker image against tokens that solely have a token deal with. While you personal a ticker image, it’s simpler for market members to search out your token. As a substitute of requesting the contract deal with the place the token trades after which bookmarking it as a result of it can probably be unimaginable to recollect your contract deal with off the highest of your head, a market participant can merely kind in your three-letter ticker image and arrive on the market to your token (i.e. RelayX.com/market/[123]).

    As well as, tokens tied to a ticker image have an accompanying buying and selling payment of 0.3% payment whereas contract linked tokens with no ticker image have a buying and selling payment of 1%. Contracts tied to a ticker image additionally seem on the entrance web page of the RelayX market whereas contract address-only tokens have to be looked for in your net browser’s deal with bar.

    What else can I do with a ticker image?

    Ticker symbols are NFTs in themselves, no two people can have the identical ticker image. Past tying a ticker image to a RUN token contract to permit it to commerce below the image at a lowered buying and selling payment, people can promote the ticker symbols they personal in addition to reward them to others.

    Fascinated by buying a ticker image? You could find the entire ticker symbols which might be at present on the market by heading over to https://relayx.com/market/TIC

    New to Bitcoin? Take a look at CoinGeek’s Bitcoin for Inexperienced persons part, the last word useful resource information to be taught extra about Bitcoin—as initially envisioned by Satoshi Nakamoto—and blockchain.

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