Hello!
Today I read a tweet from SmartStake saying that he has designed a dashboard to ser the burned rune.
The website is: thorchain.smartstake.io
Some days ago the Node Operators of Thorchain accepted a change that is burning a 0,01% of the revenue. The more volume the protocol has, the more Rune will be burned. This is great news! Normally if you burn a token and it have the same demand the price should rise.
In the case of Rune, the total amount burned in the last 3 days is 13,31 Rune. Which is a suuuuuuper low number. But anyway it's a good step forward for the protocol. If you want a project to thrive long term you must have good tokenomics.
As JPThor, one of the founders of Thorchain says:
You can now say
- $RUNE is deflationary
- block rewards are infinite (due to circulating fees back into reserve)
Thus over time all $RUNE will get sucked into the network itself, distributed to those who participate.
FOR THE GLORY OF ASGARD
And he is right, the protocol will slowly distrubute the coins to the people who participate in LP positions and the holders. Those would benefit and get the rewards.
I hope you have a great weekend!
Stay safe out there!
Posted Using InLeo Alpha
