$GAMES Launches on Gate.io and Sees Volume of over $2M in First 24 Hours
Hong Kong, Hong Kong, May 1st, 2024, Chainwire
Over the past year or so, the world of Bitcoin gaming has evolved rapidly, with the recent launch of the Runes protocol promising to revolutionize the way fungible tokens are issued and used on the Bitcoin blockchain. That said, before diving into the details of $GAMES and its recent listing on Gate.io, it’s important to understand the significance of Runes tokens.
Proposed by Bitcoin developer Casey Rodarmor in September 2023, the Runes protocol is a new token standard designed to provide a more efficient and UTXO-friendly way of creating fungible assets on the Bitcoin network. Unlike the BRC-20 token standard, which can lead to excessive UTXOs (unspent transaction outputs) and network congestion, the Runes protocol integrates seamlessly with Bitcoin’s UTXO model, minimizing the creation of unnecessary data.
Ushering in a new era of gaming with Ordz Games
At the forefront of the BTC gaming revolution stands Ordz Games, a pioneering project that recently announced the launch of its GAME·OF·BITCOIN Runes token, $GAMES, on Gate.io, one of the world’s top 10 exchanges by total volume. GAME•OF•BITCOIN is #111 Runes ticker and etched in the genesis halving block of blockheight 840000, making it an early success.
With a focus on inscribing fully on-chain games on the Bitcoin network, Ordz Games has already gained significant traction, boasting over 70,000 social media followers on Twitter alone and 120,000 players across four gaming seasons. One of the project’s notable achievements was the launch of the BitBoy One, the world’s first web3 gaming device powered by GameFi and DEPINs (decentralized physical infrastructure networks). The initial batch of the BitBoy One sold out within just two minutes, highlighting the immense demand for these gaming experiences.
$GAMES Token Debuts on Gate.io
In a significant milestone for the project, Ordz Games recently launched its $GAMES token on Gate.io. Gate.io recently hosted an initial exchange offering (IEO) for the GAME·OF·BITCOIN $GAMES token, which attracted an impressive 16,000 participants.
$GAMES has been devised atop the Runes protocol, and its launch on Gate.io represents a major step towards widespread adoption and utilization within the Ordz Games ecosystem. As of April 30, the trading volume for $GAMES on Gate.io stands at over $2 million.
Furthermore, it bears mentioning that Gate.io’s native token, GT, played a crucial role in the IEO process. GT holders were granted exclusive access to the subscription, with their allocation determined by their VIP level and current GT holdings. This approach not only incentivized participation from existing Gate.io users but also introduced the Ordz Games project to a broader audience within the Gate.io community.
Looking Ahead
The successful launch of the $GAMES token on Gate.io marks a significant milestone for both Ordz Games and the broader Bitcoin ecosystem. As the Runes protocol continues to gain traction and more projects explore its potential, Ordz Games’ team is optimistic to see increased innovation, adoption, and utility within the realm of Bitcoin-based tokens and applications.
GAME•OF•BITCOIN is also the first DEPIN Gaming token in the Bitcoin ecosystem, which will be deeply integrated with the GameFi DEPIN handheld BitBoy One.
The team at Ordz Games sees a promising future ahead, especially with the company planning to expand its gaming offerings further and explore new possibilities enabled by the Runes protocol. As the project continues to grow and evolve, The team is excited to witness its impact on the Bitcoin ecosystem and the world of blockchain-based gaming.
About Ordz Games
Ordz Games is a blockchain-based gaming platform that offers reward-based games with crypto support. Launched in March 2023, it was the first gaming project on Bitcoin and already boasts the largest gaming community on the Bitcoin blockchain with over 120,000 wallets that have played its games. Its platform provides ordinal inscriptions with retro games and offers a social gaming platform based on crypto trading, allowing users to earn crypto for playing video games.