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.

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