Virtual Mint - Etching

Tooltips

1. Back button

   1. this button brings you back to the “Overview” page

2. Token Image

   1. should follow the standard rules for etching Rune “images”

   2. our “cheap etch” switch should default to the “on” position

      1. when it’s “on”, we should restrict the size of the user’s submitted image to whatever size would result in a $30 maximum etch transaction

      2. when it’s “off”, the user can submit an image of any size

3. Symbol

   1. should follow the standard rules for etching Rune “symbols”

4. Display ticker

   1. this is a name we allow the user to choose for their token that we will display on our frontend

5. Rune ticker

   1. should follow the minimum/maximum limit of characters for etching Rune “tickers”

6. Description

   1. input box for users to add a description of their token

7. Socials (optional)

   1. twitter

   2. telegram

   3. website

8. FAQ 1 - What is Virtual Mint?

   1. Virtual Mint mirrors the exact user experience of etching and minting Runes on Bitcoin mainnet, however, the minting takes place off chain in a backend server that operates a “virtual mempool”. Users participate in mints just as they would on mainnet, but instead of their transaction fees going to miners, we aggregate their theoretical transaction fees into a liquidity pool on the radFi AMM and make it available for trading.

9. FAQ 2 - Why use Virtual Mint?

   1. Virtual Minting is a more efficient platform for launching Runes tokens on Bitcoin. Users pay less to mint each Rune (since you can bundle multiple mints into one transaction), while also seeding a liquidity pool for secondary market trading during the process. This ensures deep liquid markets from day one, boosting onchain activity, and putting an end to the liquidity drain on the Bitcoin ecosystem. Public, time-based bidding makes it hard for insiders to dominate the initial supply, ensuring fairer distribution.

10. FAQ 3 - What happens when I create a token?

    1. When you create a token through Virtual Mint, the token is etched on Bitcoin mainnet and 100% of the supply will be premined to radFi. After that the minting process will begin.

    2. Users select how many mints and what price per token they want to bid, then submit that transaction to Bitcoin mainnet. If their price per token is high enough to be included in a Virtual Block, their transaction will be confirmed and they will be subject to receiving their minted tokens if the token launches.

    3. If your token mints out 80% of it’s supply and reaches the minimum required marketcap, the confirmed Runes mints will be distributed to minters and the committed BTC will be paired with 20% of the supply on the radFi AMM. If the etched token does not reach the quorum, the etched Runes will not be distributed and the committed BTC will be available to claim.

11. hFAQ 4 - Terms and Conditions

    1. (Links to open a new tab for our terms and conditions in our docs)

12. Cost to etch warning

    1. the cost should be dynamic, based on the size of the user’s image and the market fee rate

13. Submit button

    1. clicking this will prompt an Xverse transaction to pop up requiring the user to sign to submit their etching transaction