Budget Report October 2019

THORChain used the full allowance of community and operational RUNE for October 2019

THORChain

— 1 min read
Budget Report October 2019

Budget Report

THORChain team are announcing the following has been used for October 2019.

  • 2,988,111 RUNE from Operational Wallet
  • 2,680,241 from Community Wallet
  • Total: 5,668,353 RUNE

Operational Expenses

The following were the expenses:

  • 87,500 Staff Payment
  • 542,659 Third-party Contractor Payment
  • 200,000 Community Payments (admins, mods)
  • 2,119,841 Bitmax Liquidity Requirements
  • 33,111 Third-party Contractor Payment

BitMax Liquidity Requirements were one-off allocation of RUNE capital for the important BitMax listing.

https://explorer.binance.org/address/bnb13a7gyv5zl57c0rzeu0henx6d0tzspvrrakxxtv

Community Distribution

  • 683,788.00 (Week 8 RUNEVault)
  • 688,863.16 (Week 9 RUNEVault)
  • 807,059.98 (Week 10 RUNEVault)
  • 498,340.49 (Week 11 RUNEVault)

https://explorer.binance.org/address/bnb1axqc2gan462z6npw3c33srp4950mr5x28uc6wu

Next Month Budget

The November Budget expected to use the less than the full allowance for the following activities:

  • RUNEVault Budget of 2,000,000 RUNE. (At this rate, will exceed).
  • Operational Budget of around 1,000,000 RUNE (less than 3,250,000 Budget)

Community

RUNE has been allocated for the development and growth of THORChain and its protocol, such as BEPSwap. All disbursements from these allocations will come with full disclosure and RUNE not allocated will be burnt each month.

The community is welcome to suggest programs.

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