RUNE Distribution Update

2020-03-24 — 2 min read

Distribution

RUNE is the liquidity and security of the THORChain network. Prior to the launch of mainnet, the RUNE token must be distributed as widely as possible to as many aligned individuals as possible, in the fairest manner possible.

The following are the current/previous distribution mechanics:

The original Seed sale
The Binance DEX public IDO
RUNEVault Staking Program
Operational Expenses
Team allocation

Holders

There are now 3204 Rune Holders (+51), with 952 (+19) engaged with RUNEVault.

The top 100 have increased their ownership of the network from 100,969,773.97 (71%) to 106,144,266.42 RUNE (72%).

The two largest holders reduced their ownership, whilst most of the others increased (this can be seen in the chart above).

THORNodes

The total number of node operators continues to increase (from 53 to now 62):

The maximum nodes a single wallet can now run is 4 nodes (down from 6).

The maximum that can be staked is now 73m RUNE, with a total value staked of $8.8m.

Summary

RUNE is still in its distribution phase — the primary KPIs are discussed above.

Whilst the current metrics are sufficient, but the community should assist the project in increasing the distribution of the asset. There is still time prior to main-net to target the distribution goals of the project (99 holders with 67% of the supply). Rune distributed to Team and Seed investors at mainnet will improve metrics by increasing Node count and widening distribution.