Minting ends in 76,794 blocks

About 533 days, around April 2028, at the next halving.

Minting runs above the maximum scenario: 3,295 UG per block over the last 1,008 blocks.

Unofficial tracker, not made by Casey Rodarmor or the Runes project.
On-chain data up to block 973,206.

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Price per UG in the moderate scenario

$0.008574

10.71 sats · 265.80M UG at block 1,050,000

Your 1,000 UG

$8.57

0.00010715 BTC

Scenario

Price vs today: how the price per UG changes at the same market cap when supply grows from today's 168.61M UG. It is crucial to emphasize that this is merely an assumption and not a definitive statement about future developments. Therefore, this should not be considered as financial advice or a recommendation to buy.

UG now $0.013518 · 16.9 sats · -6.62% in 24 h · market cap $2,278,995 · volume $11,916 in 24 h · CoinGecko

Supply

Mint window

133,206 of 210,000 blocks

168,614,155

UG exist today, minted minus burned, at block 973,206.

63.43% of the window has passed. One square is 1,000 blocks, the green one is running now. Minting closes at block 1,050,000.

Supply since block 840,000

measured in ink, projected in green

Measured from block 840,000 to 973,206, then projected per scenario to block 1,050,000.

Supply every 21,000 blocks

measured until now, projected to block 1,050,000

Net UG supply every 21,000 blocks: measured until block 973,206, projected per scenario until block 1,050,000
BlockNoteMeasuredMinimalModerateMaximumCurrent pace
840,000Start1,196
861,00028,692,566
882,00036,446,947
903,00042,243,371
924,00063,330,220
945,00091,027,062
966,000147,207,914
973,206Now168,614,155
987,000in 13,794 blocks177.34M186.07M203.53M214.07M
1,008,000in 34,794 blocks190.63M212.65M256.68M283.26M
1,029,000in 55,794 blocks203.92M239.22M309.83M352.46M
1,050,000End of minting217.21M265.80M362.99M421.65M

Minting activity

Mints per block

net, averaged over each 1,000 blocks

The dashed lines mark the minimal, moderate and maximum scenario rates.

Latest blocks

blocks without mints or burns are skipped

UG minted in the latest blocks with UG activity, newest first
BlockUG minted
973,206newest6,154
973,2053
973,2040
973,2035,289
973,2026,705
973,2013,591
973,2004,274
973,1997,059
973,1982,989
973,1976,808

Mint cost

What the mint cost means

Minting one UG costs only the network fee: about 17 sats over the last 1,008 blocks. When the price rises above that, minting is the cheaper way to get UG, and new supply follows.

The mint cost works as a ceiling for the price, not as a floor. The ceiling ends when minting closes at block 1,050,000; from then on the supply is fixed.

A reading of on-chain fees and market prices, not financial advice or a recommendation to buy or mint.

Cost of one mint

median of the last 1,008 blocks

17 sats

Network fee of one UG mint, 0.136 sat/vB on 125 vB.

UG on the market16.9 sats
The price of one UG on CoinGecko right now.
Break-even fee rate0.135 sat/vB
Below this fee rate, minting one UG costs less than buying one.
One mint at 1 sat/vB125 sats
7.40× the market price of one UG.

How the projection works

The method

For every block since block 840,000 we count the UG minted and burned. The net amount divided by the number of blocks is the average: right now 1,266 UG per block.

From this average we derive three scenarios for the blocks that are left:

  • Minimal, 633 UG per block: half the average, for a very quiet network.
  • Moderate, 1,266 UG per block: the average itself, for normal activity.
  • Maximum, 2,531 UG per block: twice the average, for extremely high load.

The final supply is what exists today plus the scenario rate times the blocks left until block 1,050,000. In the moderate scenario: 168,614,155 + 1,265.55 × 76,794 = 265.80M UG.

The current pace is measured, not assumed: the average of the last 1,008 blocks, about one week. It shows where minting runs today compared to the scenarios.

In the end, it is not an exact science but a pragmatic heuristic. For many purposes it is enough to get a sense of possible developments.

Rune facts

RuneUNCOMMON•GOODS · 1:0
Rune 0, the first rune of the protocol, with the symbol ⧉.
Etched in block840,000 · 00000000…1cda83a5
The block hash identifies the block: its header hashed twice with SHA-256.
Premine0
Tokens created at etching without minting.
Limit per mint1
The most UG one mint transaction can create.
Mint window840,000 – 1,050,000
Opened with the halving at block 840,000 and closes with the next halving.
Protocol cap340,282,366,920,938,463,463,374,607,431,768,211,455
Hard-coded in the Runes protocol by Casey Rodarmor and not expected to be reached.

How to get UNCOMMON•GOODS

There are two ways to get UNCOMMON•GOODS: buy them on the secondary market or mint them directly until block 1,050,000.

Buy and mint

one UG per mint transaction

Questions and answers