THORChain（RUNE）代币经济学
THORChain（RUNE）信息
THORChain是一個跨鏈的流動性協議，允許任何資產與其他去中心化流動性池中的資產之間進行兌換。THORChain首個平臺是BEPSwap，允許幣安幣持有者兌換或質押任何BEP2資產。RUNE是網路上的結算貨幣，可以實現所有其他資產之間的高效連接，並保障網路的經濟安全。
THORChain（RUNE）代币经济学和价格数据分析
快速了解 THORChain（RUNE）的代币经济数据，包括市值、供应量、FDV 和历史价格，帮助您轻松掌握币种现状与市场表现。
THORChain（RUNE）深度代币结构解析
深入了解 RUNE 的代币发行、分配与解锁机制。本部分涵盖代币用途、激励模式和解锁计划。
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）代币经济模型：关键指标与应用场景
了解 THORChain（RUNE）的代币经济模型，对于分析其长期价值、可持续性和发展潜力至关重要。
关键代币经济指标及其计算方式：
总供应量（Total Supply）：
已创建或将要创建的 RUNE 代币的最大数量。
流通供应量（Circulating Supply）：
当前市场上可供交易和公众持有的代币数量。
最大供应量（Max Supply）：
RUNE 代币可能存在的总数量上限。
完全稀释估值（FDV）：
当前价格 × 最大供应量，预测所有代币完全流通时的总市值。
通胀率（Inflation Rate）：
反映新代币发行的速度，影响稀缺性及长期价格走势。
为什么这些代币经济指标对交易者很重要？
流通供应量高 = 流动性强。
最大供应量有限 + 低通胀率 = 具备长期价格上涨潜力。
代币分配透明 = 增强项目信任度，降低中心化风险。
FDV 高而当前市值低 = 可能存在高估风险的信号。
现在您已经了解了 RUNE 代币经济模型的功能，赶快查看 RUNE 代币的实时价格吧！
如何购买 RUNE
想将 THORChain（RUNE）添加到您的投资组合中吗？MEXC 提供多种购买 RUNE 的方式，包括信用卡、银行转账和点对点交易。无论您是新手还是专业用户，MEXC 都能让您轻松、安全地购买加密货币。
THORChain（RUNE）价格历史
分析 RUNE 的价格历史有助于用户了解过去的市场走势、关键支撑/阻力位以及波动模式。无论是追踪历史最高价，还是识别趋势，历史数据都是价格预测和技术分析的重要组成部分。
为什么选择 MEXC？
MEXC 是全球领先的加密货币交易所，深受全球数百万用户信赖。无论您是新手还是资深交易者，MEXC 都是您进入加密世界的最便捷途径。
免责声明
代币经济数据来自第三方。MEXC 不保证其准确性。请在做出任何投资决策前自行审慎评估。
