IMPORTANT:

THORChain $RUNE to list on BinanceDEX. Details: https://medium.com/thorchain/thorchain-rune-to-list-on-binancedex-62afb01f262e

THORChain (RUNE) Cross-chain - ICO Review, Rating and Details of THORChain ICO (Token Sale) - Rating: Gamble

THORChain is built for cross-chain permissionless digital asset liquidity. Stake assets in liquidity pools to earn fees, swap assets instantly at open market prices, borrow and lend on any asset, and pay in any currency. The future is open, liquid and incentivised.

Features & Highlights

  • A multi-chain protocol to dynamically scale with assets.
  • Proof-of-stake pBFT consensus with on-chain governance.
  • On-chain swaps, liquidity and asset generation.
  • Layer 1 cross-chain and Layer 2 cross-network compatibility.

Token Allocation

"Public Sale","Presale","Private Sale","Seed Sale","Team","Advisors","Marketing","Reserve","Block Rewards" {"name": "Public Sale","value": 6},{"name": "Presale","value": 5},{"name": "Private Sale","value": 2},{"name": "Seed Sale","value": 2},{"name": "Team","value": 9},{"name": "Advisors","value": 1},{"name": "Marketing","value": 12},{"name": "Reserve","value": 13},{"name": "Block Rewards","value": 50}

Token Release Schedule

"Aug 2019", "Sep 2019", "Oct 2019", "Nov 2019", "Dec 2019", "Jan 2020", "Feb 2020", "Mar 2020", "Apr 2020", "May 2020", "Jun 2020", "Jul 2020", "Aug 2020", "Sep 2020", "Oct 2020", "Nov 2020", "Dec 2020", "Jan 2021", "Feb 2021", "Mar 2021", "Apr 2021", "May 2021", "Jun 2021", "Jul 2021", "Aug 2021", "Sep 2021", "Oct 2021", "Nov 2021", "Dec 2021", "Jan 2022", "Feb 2022", "Mar 2022", "Apr 2022", "May 2022", "Jun 2022", "Jul 2022", "Aug 2022", "Sep 2022", "Oct 2022", "Nov 2022", "Dec 2022", "Jan 2023", "Feb 2023", "Mar 2023", "Apr 2023", "May 2023", "Jun 2023", "Jul 2023", "Aug 2023", "Sep 2023", "Oct 2023", "Nov 2023", "Dec 2023", "Jan 2024", "Feb 2024", "Mar 2024", "Apr 2024", "May 2024", "Jun 2024", "Jul 2024", "Aug 2024" {"name": "Public Sale", "icon": "roundRect"},{"name": "Presale", "icon": "roundRect"},{"name": "Private Sale", "icon": "roundRect"},{"name": "Seed Sale", "icon": "roundRect"},{"name": "Team", "icon": "roundRect"},{"name": "Advisors", "icon": "roundRect"},{"name": "Marketing", "icon": "roundRect"},{"name": "Reserve", "icon": "roundRect"},{"name": "Block Rewards", "icon": "roundRect"} {"data": [6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00],"name": "Public Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00, 5.00],"name": "Presale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.40, 0.40, 0.40, 0.80, 0.80, 0.80, 1.20, 1.20, 1.20, 1.60, 1.60, 1.60, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00],"name": "Private Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.40, 0.40, 0.40, 0.80, 0.80, 0.80, 1.20, 1.20, 1.20, 1.60, 1.60, 1.60, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00],"name": "Seed Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 1.80, 1.80, 1.80, 3.60, 3.60, 3.60, 5.40, 5.40, 5.40, 7.20, 7.20, 7.20, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00, 9.00],"name": "Team", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.20, 0.20, 0.20, 0.40, 0.40, 0.40, 0.60, 0.60, 0.60, 0.80, 0.80, 0.80, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00, 1.00],"name": "Advisors", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.10, 0.20, 0.40, 0.60, 0.80, 1.00, 1.20, 1.40, 1.60, 1.80, 2.00, 2.20, 2.40, 2.60, 2.80, 3.00, 3.20, 3.40, 3.60, 3.80, 4.00, 4.20, 4.40, 4.60, 4.80, 5.00, 5.20, 5.40, 5.60, 5.80, 6.00, 6.20, 6.40, 6.60, 6.80, 7.00, 7.20, 7.40, 7.60, 7.80, 8.00, 8.20, 8.40, 8.60, 8.80, 9.00, 9.20, 9.40, 9.60, 9.80, 10.00, 10.20, 10.40, 10.60, 10.80, 11.00, 11.20, 11.40, 11.60, 11.80, 12.00],"name": "Marketing", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 2.00, 2.00, 2.00, 2.00, 2.00, 2.00, 4.00, 4.00, 4.00, 4.00, 4.00, 4.00, 6.00, 6.00, 6.00, 6.00, 6.00, 6.00, 8.00, 8.00, 8.00, 8.00, 8.00, 8.00, 10.00, 10.00, 10.00, 10.00, 10.00, 10.00, 12.00, 12.00, 12.00, 12.00, 12.00, 12.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00, 13.00],"name": "Reserve", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 0.00, 1.39, 2.74, 4.05, 5.33, 6.57, 7.77, 8.95, 10.09, 11.20, 12.27, 13.32, 14.34, 15.33, 16.30, 17.23, 18.14, 19.27, 19.89, 20.72, 21.54, 22.32, 23.10, 23.84, 24.57, 25.28, 25.96, 26.63, 27.28, 27.91, 28.52, 29.12, 29.70, 30.26, 30.81, 31.37, 31.87, 32.37, 32.86, 33.33, 33.80, 34.25, 34.68, 35.11, 35.52, 35.92, 36.32, 36.70, 37.07, 37.42],"name": "Block Rewards", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}}

Token Allocation & Release Note

  • Public Sale (IDO): 6% of total supply
    • No lockup
  • Presale: 5% of total supply
    • Presale 1: 20% to be released before listing, then 20% each 3 months for 12 months
    • Presale 2: 50% to be released before listing, then 50% after 1 week
  • Private Sale: 2% of total supply
    • Locked 3 months, then 20% each 3 months for 15 months
  • Seed Sale: 2% of total supply
    • Locked 3 months, then 20% each 3 months for 15 months
  • Team: 9% of total supply
    • Locked 3 months, then 20% each 3 months for 15 months
  • Advisors: 1% of total supply
    • Locked 3 months, then 20% each 3 months for 15 months
  • Marketing: 12% of total supply
    • Monthly vesting for 5 years
  • Reserved: 13% of total supply
    • Locked 6 months, then 15% each 6 months for 3 years
  • Block Rewards: 50% of total supply
    • Based on blocks for 10 years

Token Utility & Use Cases

Rune is the token of the ecosystem and resides on Address Space T0. Initial supply will be an arbitrary but finite number. The following are the uses of Rune:

  • Validators are required to stake Rune to be part of the Validator Sets. Once staked the Rune are bonded for a period of time to prevent nothing-at-stake attacks.
  • All network transaction fees (gas) are burn in Rune. Fees may be transaction fees, trading fees, bridge fees and liquidity fees, imposed by the different elements of the ecosystem.
  • Liquidity is always backed by Rune in the Continuous Liquidity Pools; so the Rune functions as ecosystem settlement currency.
  • The Flash Network requires Rune as liquidity to join Liquidity Hubs and fees are paid in Rune.
  • Block rewards for Layer 1 Validator Sets and Layer 2 Liquidity Nodes are paid in Rune.

Social Media Links

Twitter Updates

  • Weekly Dev Update #8 THORChain Weekly Dev Update for Week 9–16 Sep 2019 Testnet was shipped last week with swaps.… https://t.co/mWnyK2yfTS
  • RT @BitMax_Official: https://t.co/ZgbxdXzvT8
  • THORChain $RUNE will be listed on @BitMax_Official at 10am EDT on Sep 24th. Deposits open at 10pm EDT Sep 22nd.… https://t.co/FPpbL7meaF
  • WEEK8 RUNEVAULT DROP 684k RUNE sent to 240 Stakers, staking 48,322,281 RUNE (58.8% of the Supply) Next week: - T… https://t.co/rkAKhRVmBV
  • The testnet has been live for community testing for four days already! 🥳🥳🥳 Do you want to try too? Get testnet tok… https://t.co/SYveaPIOXJ
  • RT @thorchain_org: WE ARE LIVE!!! THORChain releases BEPSwap — Alpha-Testnet Go forth and test! https://t.co/oiDwKaCiC5
  • @cryptophilip The system was built to tolerate anything you can throw at it and protect users. The frontend shoul… https://t.co/RiN5GpvTtc
  • RT @cryptophilip: The BEPSwap Alpha-Testnet is live. You can check it out here: https://t.co/kLW7MdM5wY
  • @cryptophilip You'll notice you sent 998 RUNE and received an automatic refund of 997 RUNE (minus a 1 RUNE fee) whi… https://t.co/BowFNdte6n
  • WE ARE LIVE!!! THORChain releases BEPSwap — Alpha-Testnet Go forth and test! https://t.co/oiDwKaCiC5

Medium Updates