Update to Operational Emission Schedule
THORChain team to reduce the Operational Emission schedule to increase runway to 24 months
Overview
THORChain have recently closed another $200k in OTC sales, bringing the treasury up to $1.7m USD. The latest sale was closed at a premium to the market at 10c RUNE price. The treasury is now more than sufficient for the next 24 months with the current $70k monthly expenses.
As such, the team have decided to reduce the monthly emissions of the Operational Reserve from 3.25m RUNE to 1.5m RUNE.
This will extend the Operational Reserve out to January 2022 and allow the team to capitalise on any future upside of the RUNE asset for the project’s betterment.
The Token Emission Schedule is updated:
OTC Demand
Since demand for the RUNE asset is still high, the team will entertain OTC sales where possible. To apply for OTC, reach out to the team via the telegram or discord channel. To allow healthy allocations to investors, the team will keep 2–3m RUNE on hand in the Operational Reserve. As such, Operation Surtr will no longer apply to the Operational Reserve on a month-to-month basis.
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
