How RuniGun Marketplace Reduces Costs and Enhances Flexibility

Trading and minting Runes around significant events like the highly anticipated Bitcoin Halving can often become a gas war. High transaction fees during these times, along with the potential failed transactions, can create barriers for those interested in entering the Runes world. RuniGun is addressing these challenges with innovative solutions designed to make runes trading more efficient and save participants thousands in gas fees.

Challenges with Current Marketplaces

Most existing marketplaces come with inherent challenges that can deter efficient trading, especially during volatile conditions. Traditionally, users are required to sign transactions to list their orders, which then become immutable once placed. This setup results in two significant drawbacks:

• Cancellation Fees: With rapid price fluctuations, traders must act quickly, but unlisting an order incurs cancellation fees. Moreover, during high network congestion, like during a Bitcoin Halving event, gas fees for cancellations can spike, leading to a poor trading experience.

• Immutable Fee Rates: Once an order is set, the fee rate is locked in. This means if the network fee rates decrease later, traders still end up overpaying based on earlier, higher rates.

Introducing Intent Orders on RuniGun

At the core of RuniGun’s approach to improving market efficiency are intent orders. Unlike traditional trading systems where orders require pre-signing and fixed parameters, intent orders offer flexibility and control:

• No Pre-signing Required: Traders can set up an order without locking in parameters in advance. This flexibility allows users to adjust their orders in response to market changes.

• Editable Orders: Users have the freedom to modify or cancel their orders at any time without incurring cancellation fees.

• Optimized Fee Rates: When setting up an order, traders can specify a maximum fee rate they are willing to pay. The final fee rate for a transaction will be the lesser of the current market rate or the trader’s maximum rate, ensuring you never overpay.

Ensuring Secure and Fair Exchanges with PSBT

RuniGun utilizes "Partially Signed Bitcoin Transactions" (PSBT) to enhance the security and reliability of trades. PSBT makes transactions atomic, meaning the trade only completes if both parties receive what they were promised. If any part of the transaction fails, the entire transaction is voided, safeguarding both parties' assets.

Trading from the Comfort of Telegram

All these features are accessible directly through Telegram, combining the security of blockchain technology with the convenience of a familiar messaging interface. This integration into Telegram allows traders to execute transactions without leaving the chat environment, maintaining the comfort and ease of use that users appreciate.

Addressing Market Pain Points

Traditional marketplaces often impose rigid trading parameters and fees for modifications or cancellations. RuniGun offers a flexible model that reduces costs and enhances market responsiveness. Unlike platforms like Magic Eden, which struggle with fee spikes and high cancellation charges, RuniGun allows traders to set a maximum fee rate and constructs transactions only when a taker is found, applying the lowest available rate to prevent overpayment.

Conclusion

By reducing unnecessary fees and providing greater flexibility, RuniGun is set to make trading Runes more cost-effective and trader-friendly. Join RuniGun today and start trading runes easily and securely on day one.