RUNE Distribution Update

2019-12-31 — 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 2682 Rune Holders (+440), with 769 (+234) engaged with RUNEVault.

The Top 100 have increased their ownership of the network from 80m RUNE to now 88m RUNE.

THORNodes

There are now 28 entities (+3) that can run a maximum of 44 THORNodes on the network.

If all THORNode Candidates bonded, the network could handle up to $6m in staked assets on launch (with the current value of Rune at 6.5c).

RUNE Distribution Graph

The team built a distribution graph for anyone to track how RUNE has been distributed since the IDO. It is important to for all participants to feel comfortable about the distribution of the RUNE asset, since it is solely responsible for network security.

http://runedistribution.herokuapp.com/

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.