$THOR Tokenomics Overview

Introduction and Goals

A crucial step in THORSwap’s evolution is the protocol’s new native token $THOR, which will act as a governance token, utility token, and proof of membership token.

  • Govern the THORSwap protocol in a decentralized manner
  • Incentivize trading, aka the “Trading Black Hole”
  • Fund growth efforts
  • Complement and accrue value to the $RUNE token, THORSwap community, and other THORChain ecosystem assets

Why does THORSwap need a token?

Any healthy, well-functioning market has two requirements: liquidity and trading activity.

Tokenomics First Principles

The following serve as core principles for THORSwap’s underlying tokenomics model:

  • Facilitate community-based decision making and coordination through decentralized governance
  • Build a sustainable revenue model which then accrues to the community
  • Increase user loyalty through various incentives like airdrops, members-only access, trade mining and trading fee discounts

How to Earn THOR?

THOR will be majority owned by the community, with almost two-thirds (65%) of the total supply distributed to the larger community.

  • LP rewards
  • Trade mining rewards
  • Trading fee discounts
  • Staking
  • …and more to be announced

Community Governed Incentives

To ensure a balanced distribution of THOR that fulfills the above-mentioned first principles, the weighting of THOR’s community distribution will be adjusted seasonally.

THOR Distribution

THOR will have a maximum supply of 500,000,000 tokens, emitted over four years. By then, 65% of the total supply will have been distributed to the larger community, or “outsiders” (Community Incentives, Airdrop, Fundraiser).

About THORSwap

THORSwap is the leading multi-chain, decentralized exchange (DEX) platform powered by THORChain. Perform cross-chain swaps in a permissionless, trustless, and non-custodial manner.


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