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

Ordinals protocol developer Leonidas shared several suggestions on Rune casting on the X platform, aiming to help participants avoid risks and participate in Rune casting wisely. Leonidas pointed out that due to the slow block time of Bitcoin, when a Rune is about to be cast, users need to pay a significantly higher fee than others to ensure that the transaction is on the chain as soon as possible. Otherwise, not only will the casting fail, but the handling fee will also be lost. Mempool should be regarded as an auction site, and the transactions of the highest bidder will be packaged first. In addition, if it is expected that Rune will not be cast soon, it is wiser to choose a period with lower handling fees for casting. In addition, it is necessary to carefully understand the casting mechanism before casting. Taking UNCOMMON•GOODS initiated by Casey as an example, its casting window is as long as 4 years. It is undoubtedly unwise to participate when the current Bitcoin fee is at a record high. Leonidas also reminded to pay attention to the pre-casting volume of Rune initiators. Usually, more than 10% is greedy behavior, and about 5% is more reasonable. He suggested that casting Rune is equivalent to buying, and the market value should be estimated in advance.