What are Bitcoin Runes For?

Much like ERC-20 tokens on the Ethereum network, you can use Runes to launch any fungible token project you like. The only difference is that your runes project cannot rely on a complex smart contract.

If you plan to create token-gated apps or decentralized governance platforms, Bitcoin Runes aren’t the asset type you want. However, they do show a lot of potential for the following uses: