What are the issue price and issue volume of RUNE coin

The 2019 initial token offering for RUNE coin set its issue price at $0.04, based on project milestones, team expertise, and market conditions.

Nov 08, 2024 at 04:40 am

Issue Price and Issue Volume of RUNE Coin

RUNE (THORChain's native coin) was launched in June 2019. It serves as both a governance and utility token, enabling network operations and infrastructure development while ensuring the liquidity and security of the THORChain platform.

Issue Price

The issue price of RUNE coin was initially set at $0.04 during the initial token offering in 2019. This price was determined based on the project's development roadmap, the team's expertise, and the overall market conditions at the time.

Issue Volume

The total issue volume of RUNE coin is 500 million, as per the project's whitepaper. This supply limit ensures the coin's scarcity and contributes to its long-term value proposition.

Additional Notes

RUNE is a highly liquid coin, actively traded on various exchanges. Its market capitalization often ranks among the top 100 cryptocurrencies.
The price of RUNE coin has experienced significant volatility since its launch, influenced by market sentiment, updates to the THORChain network, and the broader cryptocurrency ecosystem.
RUNE's utility as both a governance and utility token makes it an integral part of the THORChain ecosystem, providing incentives for network participants and supporting the platform's growth and development.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

PUMP

$0.005861

14.60%

Trade Now
QNT

$272.11

14.44%

Trade Now
NIGHT

$0.03170

13.95%

Trade Now
ICP

$3.40

12.07%

Trade Now
ETHFI

$0.7818

12.04%

Trade Now
AAVE

$164.89

11.45%

Trade Now

Latest Crypto News

LINK Price Surge: Chainlink Analysis and Prediction Fueled by CCIP 2.0 Launch
2026-09-29 12:55:02
Robinhood Chain Sees Surge in Perps as Spot Trading Cools Amidst Broader Market Shifts
2026-09-29 12:55:02
InterLink Users Can Now Spend ITL on Real-World Goods, Boosting ITL Usage
2026-09-29 13:00:01
Robinhood, GameStop, and Sei: A New Era of Trading Infrastructure Unfolds
2026-09-29 13:00:01
Quant Partnership Powers On-Chain Money, Hedera HBAR Surges Amidst Global Tokenization Push
2026-09-29 13:05:01
Ethereum Transfers Get a Speed Boost: Chainlink's CCIP 2.0 Slashes Transfer Times, Enhancing Fast Ethereum Transfers and Overall Ethereum Transfer Speed
2026-09-29 13:05:02

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validato...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a ...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTec...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat ...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig Walle...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contrac...