RUNE Distribution Update — May
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 3658 Rune Holders (+249), with 1257 (+144) engaged with RUNEVault. The top 100 have increased their ownership of the network from 109,226,556.53 RUNE (74%) to 114,888,775.02 RUNE (72%).
From Oct 2019, the long term trend is clear: Large holders are trimming holdings, whilst the medium holders are increasing their ownership in order to fatten the tail. This is a good trend.
THORNodes
The total number of node operators continues to increase (from 65 to now 70):
The maximum nodes a single wallet can now run is 4 nodes (down from 6). Once again the long term trend is good, with a more diverse set of RUNE holders.
The maximum that can be staked is now 81m RUNE, with a total value staked of $19.5m — the highest to date.
Summary
RUNE is still in its distribution phase — the primary KPIs are discussed above. The long term trend from October 2019 is in the right direction.
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.
THORChain Community
To keep up to date with the project, please monitor community channels, particularly Telegram, Discord and Twitter:
- Twitter: https://twitter.com/thorchain_org
- Telegram Community: https://t.me/thorchain_org
- Telegram Announcements: https://t.me/thorchain
- Discord: https://discord.gg/V6pNp8A
- Reddit: https://reddit.com/r/thorchain
- Github: https://github.com/thorchain
- Medium: https://medium.com/thorchain
