How much is the circulation of rune coins?

Rune currency circulation is controlled by full node staking, incentives and fixed supply caps, and is 46,068,508 as of March 2023. The limited circulation increases Rune Coin’s scarcity, stabilizes its price, promotes network security, and affects demand for it.

Rune Coin Circulation

Rune Coin, the native token of the THORChain blockchain network, has a limited circulation to control its supply. As of March 2023, the circulating supply of Rune coins is 46,068,508 coins.

Circulation control

The circulation of Rune currency is controlled by the following factors:

• Full node pledge: Rune coin holders must stake Rune coins on THORChain full nodes to receive rewards and participate in network governance. This mechanism reduces the number of Rune coins in circulation.
• Incentives: The THORChain network provides rewards to users who stake Rune coins, further reducing the number of Rune coins in circulation.
• Fixed supply cap: The total supply of Rune coins is capped at 500,000,000 coins, which helps maintain their scarcity.

The impact of circulation

The circulation of Rune coins affects its market value and the overall health of the network:

• Scarcity: The limited circulation makes Rune Coin a relatively scarce asset, which helps support its value.
• Demand: Demand for Rune coins is determined by network usage (staking, transaction fees) and external market forces (e.g. exchange demand).
• Stability: The limited circulation helps stabilize the price of Rune Coin, making it less susceptible to market fluctuations.
• Security Guarantees: Staking requirements promote network security because attackers must stake a large amount of Rune coins to participate in malicious activities.

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