Virtual Mint FAQ

What is King of the Block?

• King of the Block (KOTB) is determined by whichever token has the most mints included in the current virtual block

  • If multiple tokens have the same number of mints included, KOTB is determined by whichever token has the most BTC committed to those mints

  • If multiple tokens have the same number of mints included and the same amount of BTC committed to the mints, KOTB is determined by whichever token has the earliest submitted mint transaction included

• The "Runner up" token displayed is all the above but for the second most popular token

Why can't I mint a newly created token right away?

• Based on the runes token specification, once an etching transaction is submitted it requires at least six bitcoin block confirmations to be "revealed" (this is to prevent front running)

• Once revealed, our platform requires one additional bitcoin block confirmation post-reveal before becoming mintable

What does the "Cheap etch" switch do when creating a new token?

• This feature acts as an additional check for you to ensure you don't accidently etch an overly expensive image. The cheap etch option is “on” by default, and restricts the size of the image you submit so that you pay no more than $30 for an etching transaction.

  When it’s “off”, you can submit an image of any size.