THORChain (RUNE) トケノミクス
THORChain (RUNE) 情報
THORChain is a cross-chain liquidity protocol that allows any asset to be swapped for another in decentralised liquidity pools. THORChain’s first platform is BEPSwap which will allow Binance Chain token holders to swap and stake any BEP2 asset.
THORChain (RUNE) トケノミクス & 価格分析
THORChain (RUNE) の時価総額、供給詳細、FDV、価格履歴など、主要なトケノミクスと価格データをご覧ください。トークンの現在の価値と市場でのポジションを一目で理解できます。
THORChain (RUNE) の詳細なトークン構造
RUNE トークンの発行、配分、解除の仕組みを詳しく解説します。本セクションでは、トークンの経済構造における重要な要素であるユーティリティ、インセンティブ、および権利確定に焦点を当てています。
Issuance Mechanism
THORChain’s native token is RUNE, with a fixed maximum supply of 500 million tokens. There is no ongoing inflation or continuous emission; the supply is capped at genesis and subsequently distributed and unlocked per schedule. RUNE was initially minted on Binance Chain as a BEP-2 token but has since migrated to its native THORChain network and is used natively for protocol operations.
Allocation Mechanism
THORChain’s initial RUNE allocation, based on data as of June 2022 (and with only minor adjustments by 2024), was apportioned as follows:
| Category | Allocation (RUNE) | % of Supply | Purpose |
|---|---|---|---|
| Community Incentives | 250,000,000 | 50% | Ecosystem, staking and LP rewards, growth initiatives |
| Contributors/Team | 75,000,000 | 15% | Core developers, project team |
| Treasury/Operations | 50,000,000 | 10% | Protocol development, reserves |
| Fundraiser | 50,000,000 | 10% | Early investors/fundraising rounds |
| Private Investors | 50,000,000 | 10% | Venture allocations |
| Airdrop | 25,000,000 | 5% | Community bootsrap, strategic campaigns |
Notably, by February 2024, the Team/Advisor allocation had fully vested. Specific internal operational allocations (“Service Nodes,” “Operational,” “Community”) were also present, though detailed wallet transparency was not disclosed.
Usage and Incentive Mechanism
RUNE serves four mission-critical roles in THORChain:
- Settlement asset: Every supported asset (BTC, ETH, etc.) swaps through RUNE for every trade. This ensures all liquidity pools are paired with RUNE, concentrating liquidity and creating deep cross-chain markets.
- Security collateral: Nodes (THORNodes) must bond RUNE (typically worth 2x the value of external assets they secure) as collateral against Byzantine behavior. The economic model requires the total value of RUNE bonded by nodes to exceed the value at risk in vaults.
- Liquidity provision: LPs deposit RUNE plus a non-RUNE asset (e.g., BTC), facilitating swapping and earning fee-based yields. For every $1 of non-RUNE, there must be $1 of RUNE provided.
- Governance and incentives: RUNE balances network incentives between bonding (security) and pooling (liquidity) via the “incentive pendulum.” Approximately 67% of system rewards (block rewards and fees) go to nodes, and 33% to liquidity providers—although the pendulum mechanism dynamically adjusts this.
This design tightly links RUNE's utility to network usage, fees, yields, and economic security, aligning all actors’ incentives.
Lock-Up and Unlocking Mechanisms
- Team/Advisor Allocation: According to disclosures, 50 million RUNE for team/advisors (10% of supply) was subject to vesting, fully unlocking by February 2024.
- Investor Allocations: Private and public sale allocations (and similar fundraising rounds) typically featured lockups or vesting—but specific schedules are not exhaustively publicized past the major team/advisor batch.
- Community & Incentive Allocations: These are distributed ongoingly for LP rewards, node operation, ecosystem incentives, and other growth campaigns.
- Airdrop Allocation: Usually directly unlocked for immediate distribution.
As of mid-2025, no ongoing inflationary emissions mechanism exists, so dilution risk is absent past the tail-end of initial vesting schedules. With all key team and early investor allocations unlocked, the token supply is now almost entirely circulating, and ongoing RUNE distribution is driven by protocol incentives and on-chain activity.
Overview Table
| Mechanism | Description |
|---|---|
| Issuance | Genesis mint; fixed supply (500M RUNE); no further inflation/emissions |
| Allocation | Major allocations: 50% community, 15% team, 10% treasury, 10% fundraiser, 10% private, 5% airdrop |
| Usage | Security (bonding), settlement, liquidity, governance/incentives |
| Incentives | “Incentive pendulum” balancing node vs. LP rewards; dynamic APY based on utilization |
| Lock-Up | Team/Advisor fully unlocked (by 2/2024); early investor vesting completed; ongoing incentives live |
| Unlocking | All major vesting schedules now complete; emissions entirely from protocol operation |
Additional Nuances & Implications
- Dynamic Security: The ratio between RUNE bonded (by nodes) and pooled (by LPs) is economically targeted to ensure network resilience and incentivize optimal behaviors (e.g., LPs enter during over-bonding, nodes bond more during under-bonding).
- Economic Flywheel: As volume and fees grow, demand for both LP and node participation—hence for RUNE—also grows.
- Decentralization: The lack of ongoing emission or central authority to control inflation makes RUNE’s tokenomics robust and sustainable long-term, with active incentive alignment.
- Risks & Considerations: Centralization of team/early holding risk is now largely mitigated as vesting periods have ended, but ongoing earning is highly dependent on network usage and health.
Conclusion
THORChain’s RUNE tokenomics model is a carefully structured system that places economic security, liquidity, incentives, and decentralization at its center. Now that all major allocations have vested, network usage and protocol fees primarily govern further RUNE distribution, aligning incentives between nodes, LPs, and protocol participants in a sustainable, dynamically balanced environment.
For detailed schedules and mechanics, you may consult THORChain’s official docs or key ecosystem analyses. For protocol mechanics and incentive breakdown, see the Incentive Pendulum explainer.
THORChain (RUNE) トケノミクス：主要指標の解説とユースケース
THORChain (RUNE) のトケノミクスを理解することは、その長期的な価値、持続可能性、そして成長の可能性を分析する上で不可欠です。
主要指標とその計算方法：
総供給量：
これまでに発行された、または今後発行される RUNE トークンの最大総数です。
循環供給量：
現在市場に出回っており、一般の人々が保有しているトークンの数です。
最大供給量：
RUNE トークンの総発行上限です。
FDV（完全希薄化後時価総額）：
現在の価格 × 最大供給量として計算され、すべてのトークンが流通した場合の時価総額の予測を示します。
インフレ率：
新トークンの発行速度を反映し、希少性や長期的な価格変動に影響を与えます。
なぜこれらの指標がトレーダーにとって重要なのか？
高い 循環供給量 = 流動性の向上。
限られた 最大供給量 + 低い インフレ = 長期的な価格上昇の可能性を示唆します。
透明性の高い トークンの配布 = プロジェクトへの信頼向上と中央集権的なコントロールリスクの低減につながります。
高い FDV に対して現在の時価総額が低い = 過大評価の可能性を示すシグナルとなります。
RUNE のトケノミクスを理解したところで、RUNE トークンのライブ価格 も調べてみましょう！
RUNE の購入方法
THORChain (RUNE) をポートフォリオに加えたいですか？MEXC は、クレジットカード、銀行振込、ピアツーピア取引など、RUNE を購入するさまざまな方法をサポートしています。初心者からプロまで、MEXCなら暗号資産の購入を簡単かつ安全に行えます。
THORChain (RUNE) 価格履歴
RUNE の価格履歴を分析することで、過去の市場動向や重要なサポート/レジスタンスライン、ボラティリティのパターンを理解できます。史上最高値の推移を追ったり、トレンドを見極めたりする際に、過去のデータは価格予測やテクニカル分析に欠かせない要素です。
RUNE 価格予測
RUNE の今後の動向が気になりますか？当社の RUNE 価格予測ページでは、市場センチメント、過去のトレンド、テクニカル指標を組み合わせ、将来の見通しを提供しています。
MEXCを選ぶべき理由は何ですか？
MEXCは世界有数の暗号資産取引所であり、世界中の何百万人ものユーザーから信頼されています。初心者からプロまで、MEXCは暗号資産を手軽に始めるための入り口となります。
免責事項
このページのトケノミクス情報は第三者機関から提供されたものです。MEXCはその正確性を保証しません。投資を行う前に、十分な調査を行ってください。
