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On this page
  • [TIP-001] Community Incentives Burn
  • [TIP-003] Continuation of Monthly Volume Target Based Burn
  • [TIP-007] Amend Monthly $THOR BURN logic
  • [TIP-012] Amendment to Monthly Target-based Burn: Remove 3x Emissions
  • $THOR Burn Record

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  1. THORSwap Token
  2. $THOR

THOR Burn

Progress & $THOR distribution can be tracked here on the $THOR Dashboard: https://thorcharts.org/thorswap_dashboard

PreviousEfficient EmissionsNextCommunity Governance

Last updated 3 months ago

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On Nov-19-2024 04:17:47 AM UTC 104,694,021 $THOR was burned from the remaining community incentive allocating, executing .

This concludes the entire allocated Community Incentives Pool, ending all $THOR Emissions.

On April 23, 2023. THORSwap Improvement Proposal passed in majority favour (99.53%) to begin a token burn of non-circulating supply from Community Incentives Allocation, consisting of:

  1. Initial burn of 30M $THOR from Community Incentives allocation (this more than offset all Staking Pool emissions up to that point (~27M).

  2. For 3 months, at the conclusion of each month, burn 3 times the emitted tokens during that month IF THORSwap’s trading volume surpasses the monthly volume target of 8M $RUNE.


On Aug 3, 2023, this was further amended in where voting passed in favour to:

  1. Continue burning 3 times the emitted tokens from the Community Incentives pool IF THORSwap’s trading volume surpasses the volume target for that month.

  2. Implement a sliding monthly volume target starting in August 2023:

    • If the volume target is reached, the following month's target increases by 1M RUNE

    • If the volume target is NOT reached, next month's target decreases by 1M RUNE

  3. Enable a burn multiplier on top of the monthly burn based on volume % above the target. Where each +1% volume is equal to an additional 1% bonus after 3x Emissions up to a hard cap of 300% multiplier.


  1. Change monthly target denomination from $RUNE to US Dollar value

  2. Change sliding volume target mechanism to:

    • If the volume target is reached, increase by 5% following month.

    • If the volume target is NOT reached, decrease by 5% following month.

  3. Remove the 300% multiplier hard cap.


On August 18, 2024, $THOR burn was amended by community approval of [TIP-012] to Remove the base 3x Emissions from burn calculations (if monthly volume $ target is met)

This took effect for the first time for the August, 2024 Monthly burn.


$THOR Burn Record

On February 15, 2024, $THOR burn was again amended by community approval of to:

: Initial 30,000,000 $THOR Burned

: 2,558,928 $THOR Burned (3X emissions for June)

: 2,651,088 $THOR Burned (3X emissions for July)

: 7,975,944 $THOR Burned (3X August emissions * 3x Multiplier)

: 4,878,675 $THOR Burned (3X September emissions * 1.9x Multiplier)

: 7,836,573 $THOR Burned (3X October emissions * 3x Multiplier)

: 5,760,599 $THOR Burned (3X November emissions * 2.23x Multiplier)

: 2,811,680 $THOR Burned (3X December emissions * 1.06x Multiplier)

: 4,349,162 $THOR Burned (3X January emissions * 1.64x Multiplier)

: 8,058,465 $THOR Burned (3X March emissions * 3.04x Multiplier)

: 7,755,274 $THOR Burned (3X April emissions * 3.03x Multiplier)

: 4,678,713 $THOR Burned (3X May emissions * 1.75x Multiplier)

: 9,070,835 $THOR Burned (3X June emissions * 3.52x Multiplier)

: 7,164,993 $THOR Burned (3X July emissions * 2.69x Multiplier)

: 3,172,983 $THOR Burned (August emissions * 3.57x Multiplier)

Progress & $THOR distribution can be tracked here on the .

🪙
🔥
[TIP-007] Amend Monthly $THOR BURN logic
[TIP-007] Amend Monthly $THOR BURN logic
[TIP-012] Amendment to Monthly Target-based Burn: Remove 3x Emissions
[Burn #1] April-28-2023
[Burn #2] July-03-2023
[Burn #3] August-06-2023
[Burn #4] September-08-2023
[Burn #5] October-04-2023
[Burn #6] November-03-2023
[Burn #7] December-08-2023
[Burn #8] January-02-2024
[Burn #9] February-02-2024
[Burn #10] April-02-2024
[Burn #11] May-03-2024
[Burn #12] June-12-2024
[Burn #13] July-12-2024
[Burn #14] August-06-2024
[Burn #15] September-06-2024
$THOR Dashboard
TIP-15 Proposal
[TIP-001] Community Incentives Burn
[TIP-001] Community Incentives Burn
[TIP-003] Continuation of Monthly Volume Target Based Burn
[TIP-003] Continuation of Monthly Volume Target Based Burn