THE•OCTOGLYPHS Runepaper

Introduction

THE•OCTOGLYPHS Runes are a groundbreaking initiative collection that combines ordinal theory with the innovative capabilities of the Rune meta protocol, bringing GameFi to Bitcoin.

Each OctoGlyph is a unique digital artifact, intricately tied to its own rune supply and connected by parent-child provenance to a larger, overarching Parent rune.

This whitepaper, or runepaper, outlines the structure, mechanics, and strategic vision of the OctoGlyph Runes, designed to offer a captivating and engaging experience for collectors and holders.

Vision and Mission

Our vision is to create an engaging ecosystem that not only showcases the technical might and uniqueness of each OctoGlyph but also offers interactive and rewarding experiences for collectors. By leveraging Ordinal Theory and the Rune Meta Protocol, we aim to build a decentralized, transparent, and fair platform where ordinal theory and game mechanics converge in a way only possible with runes.

Overview of the OctoGlyph Rune Ecosystem

THE•OCTOGLYPHS Parent Rune

• Total Supply: 10 million THE•OCTOGLYPHS Parent Runes.
• Minting Status: 100% premined.
• Divisibility: 1
• Purpose: Acts as the central asset that can be exchanged for individual OctoGlyph Children runes, providing a unified value and utility across the ecosystem.
• Link: https://www.ord.io/THEOCTOGLYPHS

10k OctoGlyph Children Runes

• Individual Supply: Each of the 10k OctoGlyph PFPs are entitled to mine up to 88,888 runes named after their OctoGlyph PFPs when the mining window has started.
• Minting Status: 100% Premined.
• Link to Rune Wallet: https://ordiscan.com/address/bc1p32p5k9q9u9s4sju3e9g70m9keg42fkpf0azm68rn9rzpxadc7tuqdhfuq2/runes
• Purpose: These children runes are mined by the PFPs so that they can be claimed and exchanged for the parent rune.

Mining Mechanics

Passive Mining

• Unlisted OctoGlyphs: Automatically mine 1 rune per block if they remain unlisted on any marketplace.
• Duration: Mining continues until the maximum supply of 88,888 runes per OctoGlyph is reached or until the OctoGlyph is listed. Upon purchase, the mining will resume until it is listed again or the maximum supply for that OctoGlyph has been claimed.

Active Mining

• Engagement Incentives: Active players can boost their mining rate up to 8 runes per block by participating in the OctoGlyph game and keeping their OctoGlyphs unlisted.
• Mechanics: Players earn boosts through game interactions, completing challenges, and leaderboard positions.

Continuous Mining Progress

To ensure each OctoGlyph maintains its mining history across ownership transfers, the OctoGlyph RuneScription Collection implements a continuous mining progress mechanism. Here’s how it works:

1. Mining Progress: Each OctoGlyph accumulates runes based on its mining activity, recorded on the blockchain. For example, if an OctoGlyph mines 21,000 runes, this progress is recorded.
2. Ownership Transfer: When an OctoGlyph is listed and sold, the mining progress is transferred to the new owner.
3. New Owner: The new owner starts mining from where the previous owner left off, ensuring the total potential of 88,888 runes per OctoGlyph remains consistent.

Example Scenario

• Initial Owner: Mines up to 21,000 runes and then decides to list and sell the OctoGlyph (before the initial 22,222 claim window - see below).
• New Owner: Purchases the OctoGlyph and, upon keeping it unlisted, starts mining from 21,000 runes. The new owner continues to mine runes, benefiting from the accumulated progress.

Benefits of Continuous Mining Progress

• Fairness: Ensures that the effort and time invested by previous owners are not lost, maintaining the intrinsic value of each OctoGlyph.
• Incentives for Purchasers: Buyers can see the progress already made on an OctoGlyph, making it potentially more attractive if significant mining progress has been achieved.
• Community Engagement: Encourages long-term holding and engagement, as each OctoGlyph's history and progress become part of its unique value.

Transfer and Listing Mechanism

To support this mechanism, the OctoGlyph ecosystem will introduce:

• Blockchain Verification: All mining progress is recorded on the Bitcoin blockchain, ensuring transparency and security.
• User Interface: A user-friendly interface where both sellers and buyers can view the mining progress and history of each OctoGlyph.

Exchange Mechanism

• Conversion Rate: 88,888 OctoGlyph CHILDREN runes can be exchanged for 888 THE•OCTOGLYPHS PARENT runes.
• Purpose: Ensures a balanced and equitable exchange system, preserving the value of both OctoGlyph CHILDREN and PARENT runes as well as the PFP collection.

Claim Phases

The OctoGlyph RuneScription Collection implements a phased claim system to balance immediate rewards with long-term stability. Holders can claim a portion of their mined runes before the full 88,888 are mined, structured as follows:

1. Phase 1: Holders can claim up to 25% of their mined runes once they have mined at least 22,222 runes.
2. Phase 2: Additional claims are allowed up to 50% at 44,444 runes.
3. Phase 3: Claims up to 75% are allowed at 66,666 runes.
4. Phase 4: Full claimability is achieved once the total 88,888 runes are mined.

Game Mechanics

Incentivizing Holding

Interactive Gameplay

• Game Integration: A game layer is integrated into the OctoGlyph ecosystem, offering players the opportunity to increase their rune mining rate through active participation.
• Rewards and Challenges: Regularly updated challenges and rewards keep the community engaged and incentivized.
• Boost Mechanisms: Players can earn temporary boosts to their mining rate by participating in special events, challenges, and community activities.

Passive Holder Friendly

Dont play the game and simply sit back with your OctoGlyph unlisted for it to passively mine its own rune.

Strategic Partnerships

Collaboration with Magic Eden

• Promotion and Distribution: Magic Eden will assist in promoting the OctoGlyph Rune Project and handling the initial distribution of a portion of the parent rune supply.
• Community Engagement: Collaborative events and promotions to drive engagement and attract new participants to the ecosystem.

Initial Distribution and Circulation Control

Controlled Release

• Circulation Management: A portion of the funds will be used to manage the initial circulation of the parent rune, preventing early dumping and ensuring stable value appreciation.
• Promotion Strategy: Initial distribution will be handled carefully to maintain scarcity and drive demand.

Transparency

Community Trust

• Open Communication: Regular updates and transparent communication with the community to build trust and engagement.
• Feedback and Adaptation: Continuously gathering feedback to improve the ecosystem and address community concerns.

The Team:

Founded by some of the best anon builders in the space, the founders are known for helping out any project in need, From etching the 3rd Rune (DOG•GO•TO•THE•MOON) to onboarding world renowned artists onto Bitcoin. These builders just dont stop.

The OctoGlyph Lore:

An ancient prophecy speaks of 10,000 OctoGlyphs on a journey to find their origins. These on-chain octopi are foretold to discover a legendary Realm, built by their ancestors and filled with ancient runes. As they navigate the UTXOcean, the secrets of the number 8 will begin to reveal themselves, promising to unveil their true heritage.

The OctoGlyph Tech:

Entire OctoGlyph collection etched onto 10k Block 9 - 450x:

Significance of Block 9 - 450x:

The Block 9 - 450x refers to the sats coming from the very first Bitcoin in Block 9. With 50 Bitcoin to a block back then, these sats are not only the earliest sats in circulation, but they also have the provenance of being a part of the 10 BTC transfer from Satoshi Nakamoto to Cypherpunk Hal Finney, marking Bitcoin's transition into a transactional network. By etching the entire 10k collection onto these historically significant sats, the OctoGlyphs intertwine with Bitcoin's earliest transaction, making each OctoGlyph a digital artifact deeply rooted in Bitcoin's history.

All 10k Runescription OctoGlyphs created sharing the same parent:

Significance of Shared Parent:

Sharing the same parent inscription across all 10,000 OctoGlyphs creates a direct genealogical link within the blockchain. This unified provenance enhances the collection's integrity and cohesiveness, exemplifying an advanced use of ordinal theory to maintain a consistent narrative among a large-scale inscription project. It showcases the potential of parent-child relationships within the Rune metaprotocol.

10k of 85k runes being OctoGlyphs:

Significance of the Proportion:

At the time of writing, approx 86,000 runes etched to date, the 10,000 OctoGlyphs represent approximately 11% of the total Rune UTXO supply. This significant proportion highlights the project's impact within the nascent field of Runes, showcasing its success in establishing a substantial niche within the broader Bitcoin ecosystem.

OctoGlyph inscription IDs starting with 88888:

Significance of Inscription IDs:

Each and every OctoGlyph inscription IDs starts with 88888 with some going all the way up to 88888888 demonstrating meticulous planning and precision. Achieved by grinding the nLockTime of the reveal transaction, this identifier pattern enhances the collection's narrative and branding, symbolizing luck and prosperity while adding cultural resonance to the technical achievement.

Each OctoGlyph has an 88888 Rune Supply to be claimed by holders:

Future Claiming Mechanism:

Embedding an 88888 Rune claimable by holders at a future date introduces dynamic engagement and incentivizes holding. This forward-looking mechanism adds value and functionality, representing a novel use of Runes within the current inscriptions and enhancing the collection's appeal.

Sequential Block 9 450x sat numbers match the etched OctoGlyph file numbers:

Matching Sat Numbers and File Numbers:

Aligning sequential block 9 450x sat numbers with OctoGlyph file numbers ensures precise correlation with Bitcoin's transactional history. This high level of craftsmanship appreciates Bitcoin's historical transactions, further cementing the collection's historical and technical value and enriching its lore.

Etching 25 per block (which shouldn’t be possible):

Achieving the Impossible:

Etching 25 runes per block, typically tied to a singular parent, exceeds Bitcoin blockchain's expected capabilities. This technical breakthrough illustrates advanced manipulation of blockchain limitations, showcasing the project's innovation and technical skill.

Etched at 8 sats/vB for 400 blocks over 8 days:

Efficiency and Duration:

Etching at a consistent rate of 8 sats/vB (satoshis per virtual byte) for around 400 blocks over 8 days demonstrates efficient and strategic use of the blockchain. This meticulous approach maximizes blockchain resources, ensuring timely completion and resonating with those who appreciate the technical intricacies of Bitcoin.

Custom rune UTXO size (330 SATs) vs. Ord's usual 10,000 SATs:

Significance of Custom UTXO Size:

Using a custom rune UTXO size of 330 SATs, instead of the typical 10,000 SATs, reflects a tailored and optimized approach to inscriptions. This advanced application of the Rune metaprotocol highlights its flexibility and adaptability, appealing to those who value technical customization and efficiency.

Explanation of a Runescription:

A Runescription is a new class of digital artifact in the Bitcoin ecosystem, integrating art with an ordinal etched onto a rune connected to the Rune UTXO supply. Each Runescription inscribes visual and potentially interactive elements directly onto individual satoshis, enhancing both aesthetic and intrinsic value. This aligns with ordinal theory, which assigns unique identities to satoshis, and expands the Rune metaprotocol's possibilities, facilitating the creation and management of these inscriptions.

Grinding nLockTime:

Grinding nLockTime is a technique used to change the unique identifier (ID) of an inscription by trying different nLockTime values. Here's how it works:

• Each Bitcoin transaction gets a unique ID.
• By changing the nLockTime value, you can generate different transaction IDs for the same transaction.
• You start with nLockTime set to 0, then try 1, 2, and so on, up to 850,000.
• This gives you 850,000 different potential inscription IDs.

Why Do This?

The purpose of this technique is to find a transaction ID with a specific pattern that is tied to the lore of the OctoGlyph collection, with each of the 10k OctoGlyphs starting with at 88888, going all the way up to 88888888, it unifies the OctoGlyphs together in yet another way with a shared and distinct pattern of on-chain data.