THORChain（RUNE）代幣經濟學
THORChain（RUNE）資訊
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）代幣經濟學和價格數據分析
快速了解 THORChain（RUNE）的代幣經濟數據，包括市值、供應量、FDV 和歷史價格，幫助您輕鬆掌握幣種現狀與市場表現。
THORChain（RUNE）深度代幣結構解析
深入了解 RUNE 的代幣發行、分配與解鎖機制。本部分涵蓋代幣用途、激勵模式和解鎖計劃。
Overview
THORChain’s native token, RUNE, is central to the protocol’s security, liquidity, and incentive mechanisms. The tokenomics are designed to align the interests of node operators, liquidity providers, and the broader ecosystem, ensuring robust cross-chain liquidity and network security.
1. Issuance Mechanism
- Max Supply: 500,000,000 RUNE
- Current Circulating Market Cap: ~$422.6M USD
- Fully Diluted Market Cap: ~$510.7M USD
RUNE was initially distributed through a combination of seed rounds, an IDO (Initial DEX Offering), and allocations to the team, community, and operational reserves. The token supply is capped, and RUNE is minted and burned in response to protocol activities such as lending and debt repayment, which can cause slight inflation or deflation depending on market conditions.
2. Allocation Mechanism
Initial Allocations (as of Feb 2024):
| Allocation Category | RUNE Amount (M) | % of Total Supply |
|---|---|---|
| Service Nodes | 220.45 | 44.09% |
| Team/Advisors | 50.00 | 10.00% |
| Community | 50.00 | 10.00% |
| Operational | 52.00 | 10.40% |
| Seed Investors | 26.00 | 5.20% |
| IDO (Binance DEX) | 20.00 | 4.00% |
| Other/Reserves | Remaining | ~16% |
- Notable Wallets (as of Feb 2024):
- Bond Module: ~105.3M RUNE (21.06%)
- Reserve Module: ~82.45M RUNE (16.49%)
- Standby Reserve: 60M RUNE (12%)
- Pool Module: ~30.97M RUNE (6.19%)
- Binance Cold: ~40.59M RUNE (8.12%)
3. Usage and Incentive Mechanism
Core Functions of RUNE:
- Liquidity: RUNE is paired 1:1 with every non-RUNE asset in liquidity pools, ensuring deep cross-chain liquidity. For every $1 of non-RUNE in a pool, $1 of RUNE is required.
- Security: Node operators (THORNodes) must bond RUNE to participate in consensus. The bond must be at least 2x the value of non-RUNE assets in the pools, resulting in $3 of RUNE locked for every $1 of non-RUNE value.
- Incentives: Rewards are distributed via the “Incentive Pendulum,” dynamically balancing between node operators and liquidity providers to maintain optimal network security and liquidity.
- Governance: RUNE is used for governance signaling, such as asset and chain listings/delistings, protocol upgrades, and parameter changes.
- Fees: All transaction and swap fees are paid in RUNE, which are distributed to node operators and liquidity providers.
Incentive Pendulum Table
| Scenario | % RUNE Bonded | % RUNE in Pools | Bond Rewards | Liquidity Rewards |
|---|---|---|---|---|
| Inefficient | 100% | 0% | 0% | 100% |
| Over-bonded | 75% | 25% | 50% | 50% |
| Optimal | 67% | 33% | 67% | 33% |
| Under-bonded | 60% | 40% | 80% | 20% |
| Unsafe | 50% | 50% | 100% | 0% |
- The protocol targets the “Optimal” state for security and efficiency.
4. Locking Mechanism
- Node Bonding: RUNE bonded by node operators is locked for the duration of their participation. Misconduct can result in slashing up to 1.5x the value of compromised assets.
- Liquidity Provision: Liquidity providers can withdraw at any time, but impermanent loss protection (ILP) is only fully realized after 100 days, increasing linearly from day 1.
- Seed/Team Allocations: Early investor and team tokens were subject to vesting and lock-up periods, e.g., seed investor tokens were locked until mainnet or for 12 months, whichever came first.
5. Unlocking Time
- Liquidity Providers: Can withdraw at any time, but full ILP is achieved after 100 days.
- Node Operators: Can unbond and exit, but must follow protocol exit procedures to avoid slashing.
- Seed/Team Allocations: Most major team and investor allocations have fully vested as of early 2024.
6. Additional Mechanisms
- Impermanent Loss Protection: Ensures LPs break even or profit after 100 days.
- Synths and Savers Vaults: RUNE is used to back synthetic assets and single-asset vaults, further increasing demand and utility.
- Mint/Burn Dynamics: RUNE is minted and burned in lending/borrowing operations, with interest rates dynamically adjusting to maintain solvency.
7. Ecosystem and Governance
- Governance is minimalistic: Focused on operational parameters, asset and chain listings, and protocol upgrades.
- Emergency Mechanisms: “Ragnarök” can be triggered for controlled shutdown and fund payout if node count drops below four.
8. Key Links
- THORChain Documentation
- THORChain Whitepapers
- THORChain Dashboard
- THORChain Yield/Earn
- THORChain Ecosystem
Summary Table: RUNE Tokenomics
| Mechanism | Description |
|---|---|
| Issuance | Capped at 500M RUNE; distributed via seed, IDO, team, community, and operational allocations |
| Allocation | Service Nodes, Team/Advisors, Community, Operational, Seed, IDO, Reserves |
| Usage | Security (bonding), liquidity (pools), governance, fees, incentives, synths, savers |
| Incentives | Dynamic rewards via Incentive Pendulum; ILP for LPs; emission rewards for nodes and LPs |
| Locking | Node bonds locked; LPs can withdraw anytime (full ILP after 100 days); vesting for early allocations |
| Unlocking | LPs: anytime; Nodes: protocol exit; Seed/Team: mostly fully vested as of 2024 |
In-Depth Analysis
THORChain’s tokenomics are engineered to create a “liquidity black hole,” where increasing network activity and TVL drive up RUNE demand and price. The deterministic relationship between RUNE and non-RUNE assets ensures that the protocol remains secure and liquid, while dynamic incentives and slashing mechanisms align participant behavior. The system’s flexibility—allowing for permissionless entry/exit, dynamic reward allocation, and robust governance—positions THORChain as a foundational cross-chain DeFi protocol.
For further details, consult the THORChain documentation and whitepapers.
THORChain（RUNE）代幣經濟模型：關鍵指標與應用場景
了解 THORChain（RUNE）的代幣經濟模型，對於分析其長期價值、可持續性和發展潛力至關重要。
關鍵代幣經濟指標及其計算方式：
總供應量（Total Supply）：
已創建或將要創建的 RUNE 代幣的最大數量。
流通供應量（Circulating Supply）：
目前市場上可供交易和公眾持有的代幣數量。
最大供應量（Max Supply）：
RUNE 代幣可能存在的總數量上限。
完全稀釋估值（FDV）：
目前價格 × 最大供應量，預測所有代幣完全流通時的總市值。
通脹率（Inflation Rate）：
反映新代幣發行的速度，影響稀缺性及長期價格走勢。
為什麼這些代幣經濟指標對交易者很重要？
流通供應量高 = 流動性強。
最大供應量有限 + 低通脹率 = 具備長期價格上漲潛力。
代幣分配透明 = 增強項目信任度，降低中心化風險。
FDV 高而目前市值低 = 可能存在高估風險的訊號。
現在您已經了解了 RUNE 代幣經濟模型的功能，趕快查看 RUNE 代幣的實時價格吧！
如何購買 RUNE
想將 THORChain（RUNE）添加到您的投資組合中嗎？MEXC 提供多種購買 RUNE 的方式，包括信用卡、銀行轉帳和點對點交易。無論您是新手還是專業用戶，MEXC 都能讓您輕鬆、安全地購買加密貨幣。
THORChain（RUNE）價格歷史
分析 RUNE 的價格歷史有助於用戶了解過去的市場走勢、關鍵支撐/阻力位以及波動模式。無論是追蹤歷史最高價，還是識別趨勢，歷史數據都是價格預測和技術分析的重要組成部分。
為什麼選擇 MEXC？
MEXC 是全球領先的加密貨幣交易所，深受全球數百萬用戶信賴。無論您是新手還是資深交易者，MEXC 都是您進入加密世界的最便捷途徑。
免責聲明
代幣經濟數據來自第三方。MEXC 不保證其準確性。請在做出任何投資決策前自行審慎評估。
