As reported by BlockBeats on October 18, THORChain, a decentralized cross-chain trading protocol, has made a significant announcement concerning its native token, RUNE. The protocol has confirmed that the token has been entirely distributed to the protocol and reserves, with the Treasury now holding only 7 million RUNE — approximately 2% of the total circulation.
THORChain released a statement stating that all seed, team, and investor tokens have been unlocked for months and that all participating venture capitalist (VC) investors have exited. With this abstraction of VC influence, THORChain can uphold its decentralization commitments and continue to nurture the ecosystem using the remaining 7 million RUNE held in the Treasury. This marks a key milestone in THORChain's journey towards full decentralization.
