Realm (Atomicals)

Overview

Realm (REALM) is a digital asset created using the Atomicals protocol on the Bitcoin blockchain. Atomicals is a protocol that enables the creation of digital artifacts, NFTs, and fungible tokens directly on Bitcoin.

Purpose and Utility

The primary stated purpose of REALM is to serve as a digital asset within the Atomicals ecosystem. Unlike traditional tokens, REALM is minted through a process called 'mining' where users must perform proof-of-work to mint tokens, similar to Bitcoin mining but at a smaller scale.

Business Model and Operations

The token operates on a proof-of-work model for distribution, with no pre-mine or founder allocation. Users can mine REALM tokens by performing computational work, and the tokens can be traded on compatible platforms.

Development Activity

The project is part of the broader Atomicals ecosystem, which continues to see development activity. The protocol itself is open-source and maintains active development on GitHub.

Real-World Adoption

Current usage primarily revolves around mining and trading activities. The ecosystem is still in its early stages, with adoption primarily among Bitcoin ecosystem participants interested in the Atomicals protocol.

Token Distribution

REALM features a fair launch model with no pre-mine. All tokens are distributed through mining activities, which aligns with principles of fair distribution. There are no founder allocations or team tokens.

Revenue Model

The project does not involve interest-bearing mechanisms, lending, or prohibited activities. The primary economic activity is the mining and trading of tokens.