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== The Forgotten Runes Coin == | == The Forgotten Runes Coin == | ||
[[File: | [[File:Arcane Foundation PFP .png|alt=The Arcane Foundation's Social Media Profile Picture|thumb|226x226px|The Arcane Foundation's Social Media Profile Picture]] | ||
=== Level Up With $XP === | === Level Up With $XP === | ||
$XP is the official fungible token of Forgotten Runes, announced by [[Magic Machine]] on Dec. 4, 2024 during [[Wizard Wednesday]]. The coin's launch is in partnership with the mysterious Arcane Foundation. | $XP is the official fungible token of Forgotten Runes, announced by [[Magic Machine]] on Dec. 4, 2024 during [[Wizard Wednesday]]. The coin's launch is in partnership with the mysterious Arcane Foundation. | ||
Preceding the announcement on X (Twitter) Spaces, the official [https://twitter.com/ForgottenRunes Forgotten Runes account] reposted the Arcane Foundation's sole offering on the social media website—the tagline, "Level Up With $XP" with a GIF of a spinning token. | Preceding the announcement on X (Twitter) Spaces, the official [https://twitter.com/ForgottenRunes Forgotten Runes account] reposted the Arcane Foundation's sole offering on the social media website—the tagline, "Level Up With $XP" with a GIF of a spinning token. | ||
In his own repost of the Arcane Foundation's teaser, [[ElfJTrul|Elf]] quipped that the token looked like "[[Wizards (Runiverse)#Red Hats|Red Hat]] mischief." However, the coin and the Arcane Foundation logo both bear the emblem of the [[Illuminatus]]—the Eye of Providence. | |||
In his own repost of the Arcane Foundation's teaser, [[ElfJTrul|Elf]] quipped that the token looked like "[[Wizards (Runiverse)#Red Hats|Red Hat]] mischief." However, the coin and the Arcane Foundation logo both bear the emblem of the [[Illuminatus]]—the Eye of Providence.<gallery mode="packed" heights="200"> | |||
File:XP Coin $XP.png|alt= | |||
File:XP Coin Illuminatus.png|alt= | |||
</gallery> | |||
=== The Ticker, $XP === | === The Ticker, $XP === | ||
[[File:Arcane Foundation Website.png|356x356px|The Arcane Foundation's Launch Website|alt=The Arcane Foundation's Launch Website|thumb]] | |||
During the Wizard Wednesday meeting, Elf spoke about the concept of "Leveling Up" in conjunction with the token's tagline, noting that anyone who grew up with role playing games should be familiar with the ticker, $XP. | During the Wizard Wednesday meeting, Elf spoke about the concept of "Leveling Up" in conjunction with the token's tagline, noting that anyone who grew up with role playing games should be familiar with the ticker, $XP. | ||
Elf said:<blockquote>"What we’ve always loved about NFTs is that unlike standard crypto tokens, you—the owner of the NFT—has the power to build them up, to make them more than what they were. This journey of self improvement has been an ongoing quest in our community." </blockquote>Elf notes, "We all started at Level 0, and now we're "Level ''X.''" | Elf said:<blockquote>"What we’ve always loved about NFTs is that unlike standard crypto tokens, you—the owner of the NFT—has the power to build them up, to make them more than what they were. This journey of self improvement has been an ongoing quest in our community." </blockquote>Elf notes, "We all started at Level 0, and now we're "Level ''X.''" | ||
=== Tokenomics === | === Tokenomics === | ||
The team was frugal with tokenomic detail during the coin's announcement, but noted their excitement for this partnership, which [[Bearsnake]] estimated was in the works for 9 months prior. There is a speculated connection between [[Donuts]] and $XP, but the relationship—if any—is unknown. | The team was frugal with tokenomic detail during the coin's announcement, but noted their excitement for this partnership, which [[Bearsnake]] estimated was in the works for 9 months prior. There is a speculated connection between [[Donuts]] and $XP, but the relationship—if any—is unknown. | ||
Revision as of 15:55, 12 December 2024
The Forgotten Runes Coin
Level Up With $XP
$XP is the official fungible token of Forgotten Runes, announced by Magic Machine on Dec. 4, 2024 during Wizard Wednesday. The coin's launch is in partnership with the mysterious Arcane Foundation.
Preceding the announcement on X (Twitter) Spaces, the official Forgotten Runes account reposted the Arcane Foundation's sole offering on the social media website—the tagline, "Level Up With $XP" with a GIF of a spinning token.
In his own repost of the Arcane Foundation's teaser, Elf quipped that the token looked like "Red Hat mischief." However, the coin and the Arcane Foundation logo both bear the emblem of the Illuminatus—the Eye of Providence.
The Ticker, $XP
During the Wizard Wednesday meeting, Elf spoke about the concept of "Leveling Up" in conjunction with the token's tagline, noting that anyone who grew up with role playing games should be familiar with the ticker, $XP.
Elf said:
"What we’ve always loved about NFTs is that unlike standard crypto tokens, you—the owner of the NFT—has the power to build them up, to make them more than what they were. This journey of self improvement has been an ongoing quest in our community."
Elf notes, "We all started at Level 0, and now we're "Level X."
Tokenomics
The team was frugal with tokenomic detail during the coin's announcement, but noted their excitement for this partnership, which Bearsnake estimated was in the works for 9 months prior. There is a speculated connection between Donuts and $XP, but the relationship—if any—is unknown.