ElsaMemeFesto
$ELSA is a memecoin on the Bitcoin Network, etched using the runes protocol. This protocol, active since the last Bitcoin halving at block 840,000, allows for fungible token inscriptions on the Bitcoin network, a historic first. $ELSA was one of the initial tokens inscribed and was the first to complete its minting process. The official name of the rune is 'THE•TICKER•IS•ELSA’ but it's commonly referred to as $ELSA for simplicity.
Introduction
Background of Hal Finney
Hal Finney was a renowned cryptographer and a pioneer in the Bitcoin community, known for his significant contributions to Bitcoin's development. He was one of the first people to run the Bitcoin software and receive a Bitcoin transaction from Satoshi Nakamoto. $ELSA is inspired by Hal Finney's beloved dog, aiming to honor his legacy.
The Runes Protocol
Runes are a new class of fungible tokens on the Bitcoin network. They can be inscribed in any amount and minted by the community through dedicated platforms. The minting process is equitable, with users paying a transaction fee based on minting priority. $ELSA was the first fair launch rune to complete its minting, with the entire supply minted within nine minutes.
Purpose of $ELSA
$ELSA, like other memecoins, primarily serves as a fun and community-driven token. However, it uniquely honors Hal Finney’s legacy and educates about Bitcoin through memes and culture. Our motto is "Hal contributed with code, $ELSA contributes with memes." The $ELSA community pushes Bitcoin education and adoption through engaging and entertaining content.
First Rune to Complete Minting: $ELSA was the first rune to fully mint, demonstrating strong community support and interest.
First Real Dog Memecoin on Bitcoin: $ELSA is the first memecoin on the Bitcoin network based on a real-life dog.
Elsa Buybot: The $ELSA community developed the first bot on Telegram to report rune buys, marking another pioneering achievement.
Bridge to Solana: In collaboration with RUNEMINE, $ELSA became the first rune to operate on both the Bitcoin and Solana blockchains through a bridging mechanism.
Key Features and integrations
Dog tokenomics
A total of 1 billion 'dogs' were minted, freely created by the community. The launch was fair, with no premine and no large pre-assigned holders.
Community and Adoption
Our community thrives on Twitter and Telegram, sharing stickers, memes, and organizing tweet raids to promote $ELSA. Our guiding principles are memes, culture, and legacy. We aim to position $ELSA among the leading dog-themed memecoins, honoring Hal Finney ’ s legacy and educating the world about Bitcoin ’ s possibilities.
