RUNE Distribution Update

RUNE Distribution Analysis for January 200

THORChain

— 2 min read
RUNE Distribution Update

RUNE Distribution Analysis for January 2020

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 2822 Rune Holders (+140), with 828 (+59) engaged with RUNEVault.

The Top 100 have reduced their ownership of the network from 73% to now 71% RUNE. This is good.

THORNodes

There are now 29 entities (+1) that can run a maximum of 44 THORNodes on the network.

If all THORNode Candidates bonded, the network could handle up to $10m in staked assets on launch (with the current value of Rune at 10c).

Summary

RUNE is still in its distribution phase. 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.

THORChain Community

To keep up to date with the project, please monitor community channels, particularly Telegram, Discord and Twitter:

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