BlockBeats news, on October 30, according to official news, HiFive exchange announced that it will accelerate the development of Bitcoin's second-layer network and launch new asset tracks such as 'Runes' based on an innovative minting model. Mechanisms such as token mapping and circulation control will be employed to ensure market price stability. The new minting model strictly controls the initial circulation and implements market buybacks when price fluctuations approach the minting price, avoiding impacts on the primary market.
HiFive pointed out that the goal of the Runes track design is to provide users with diversified asset management options, and more forms of assets and HIFI staking rewards will be gradually introduced to enhance user participation returns.
