How BlockMiner is using PoW to reduce rug pulls and scams in the memecoin space?
BlockMiner.Fun has successfully launched a Bitcoin memecoin (Runes) launchpad on the Internet Computer Protocol (ICP) that uses the Principles that made Bitcoin the standard of trusted digital currency and community building: Proof-of-work.
Launched on 06 February 2025, BlockMiner.fun brings Bitcoin’s tokenomics to Bitcoin’s tokens, so that they can benefit from proof-of-work mining.
Mining rigs perform SHA-256 hashing in a race to mine each block, just like Bitcoin. Each mining rig is a smart contract on the Internet Computer Protocol (ICP).
We might have just found a way to reduce rug pull and scams in the memecoin space.
No team tokens, no reserve, no rugs, no hidden plans.
The launch of BlockMiner comes a few weeks after the successful launch of Odin.Fun, another Bitcoin memecoin platform that uses ICP tech stacks to showcase how Bitcoin tokens can be traded on Layer 2 with low fees, higher speed and a much better user experience, all without losing the benefit of the bitcoin network.
All Roads Lead to Bitcoin!
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