FAQs: Runes on Luminex
Frequently asked questions about how-tos on Luminex for Runes.
Last updated
Frequently asked questions about how-tos on Luminex for Runes.
Last updated
Click on the TRANSFER tab on the right table
Select the Runes token you’d like to split
Enter Amount to Transfer
Check off Split Runes - it will autofill your address as the Receiver Address - if you wish to send the Split Runes to another address, you can enter a new address
Enter number of UTXOs (minimum 2) - once you’ve entered a number, the caption below will let you know how many outputs with what balance you will receive.
Select Fees - we recommend not selecting a fee rate too low in order to avoid waiting for your transaction to confirm
Allows users to mint 20 times per UTXO and should be used if you have multiple UTXOs already split and ready to use. Pre Split is faster as you don’t need to wait for your UTXOs to be split to do multiple mints at the same time.
Think about the physical dollar bills again here - if you have prepared multiple $10 bills, versus having one single $100 bill
Allows users to mint up to 2000 mints at a time by calculating and splitting your UTXOs for you. This option is ideal for users who want to mint a lot at once but have not prepared split UTXOs in advance. Do not use this option if the Rune is being highly minted at high fee rates as this option splits your transactions into two blocks (vs one for Pre Split option).
The Auto Split function takes two blocks to bulk mint. It will split your UTXOs in the first block, and mint for you in the second.
Network fees are dynamic - in a situation where you send your Auto Split mint at 100 sats/vB and first block confirms at a fee rate of 100 sats/vB, but the second block increases to 200 sats/vB, your transactions meant for your second block will not confirm until fee rates decrease back down to 100 sats/vB, taking longer than two blocks to confirm.
We provide you with the option to select your own fee rates. SLOW, MEDIUM, and FAST are calculated based on the current network fees. If you prefer to set your own specific fee rate, you can select CUSTOM and enter the number.
If you are minting using the "Pre Split" option, it will also indicate if your fee rate is faster than current pending mints.
WE HIGHLY RECOMMEND USERS TO SELECT FAST OR SET A HIGHER FEE RATE USING THE CUSTOM OPTION FOR EXTREMELY POPULAR MINTS TO AVOID BEING FRONTRUNNED.
Yes, you can speed up transactions from your Pre-Split mints by checking under “My History” and the “Mint” tab. You should find a green clock icon that you can click to be prompted with a pop up.
Enter a fee rate that will impact the GAS RATE CHANGE, which is the effective fee rate in green. This will be the fee rate your transaction will be confirmed at, please double check that the fee rate is high enough to be included in the next block by checking network activity.
