Rune Ciphertext (Presumably multi-enciphered )

Question

Here is a cryptogram:

Note: this is not, very very hard. But still, it is not very very easy, I would want to say with a few clues it's more easy than hard: Clues:

• It can be simple substitution.
• It is not enciphered only 1 time.
• It can be made into a mechanical device, with rotors and rings.
• This is not any version of Enigma. (no 'trick' word here, I mean it)

Ciphertext: ᚣᛖᛒᚢ ᚢᚣᛠᚻᛗ ᛂᛏᚻᛖᛠᚩᚷᛂ ᚢᛒᚣᛂ ᛒᚢ ᚾᛂᚢᚣ

2 parts of the plaintext: STACK EXCHANGE

Answer 1

With a substitution of

ᚣ t
ᛖ h
ᛒ i
ᚢ s
ᛠ a
ᚻ c
ᛗ k
ᛂ e
ᛏ x
ᚩ n
ᚷ g
ᚾ b

The text becomes

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No idea what the other step is supposed to be