🔧
Utility
THOR offers utility across multiple dimensions.
We’ve optimized the design of the $THOR token to:
- Incentivize trading, aka the “Trading Black Hole”
- Govern the THORSwap protocol in a decentralized manner
- Progressively decentralize towards majority ownership by the community
- Reward positive user actions and community contributions
- Permissioned access to content and apps
- Fund growth efforts and community projects
THOR is majority owned by the community, with almost two-thirds (65%) of the total supply distributed to the larger community.
50% of THOR’s total supply is allocated as “community incentives,” to be distributed across a wide variety of initiatives:
- Airdrops
- LP rewards
- Trade mining rewards
- Trading fee discounts
- Community initiatives and giveaways
- Partner programmes like Ohm Pro, Tokemak, etc.
- …and more to be announced
Depending on your $vTHOR HODL amount, you will be eligible for a discount of 17~100% off Exchange Fees when trading on THORSwap:
It’s important to remember:
$vTHOR holders receive 75% of THORSwap revenue in the form of #RealYield. This change means more rewards for $THOR stakers, while still providing our loyal community members with sizable trading discount benefit.
Furthermore, swaps of below $100USD in value will still remain free for all users.
NOTE: You must connect your ETH wallet holding $vTHOR to receive exchange fee discounts.
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.
These seasonal adjustments will be informed by closely tracked metrics, and will eventually be determined by community governance.
Purchase exclusive THORChain community swag and merchandise with $THOR in our wholly Web3 merch store: https://thorchads.metaswagclub.com
Mugs, Tees, Hoodies - collect a wide range of rare items celebrating the THORChain ecosystem and major milestones. Plus, receive free NFT airdrops by collecting limited edition merch⚡
$THOR is integrated on HYVE — a leading Web3 Work freelancing marketplace.
Put your $THOR to work or earn $THOR for providing your expertise 💪
Last modified 1mo ago