1/ Quick thread on $RUNE @thorchain_org

I generally avoid commenting on price but on the day $RUNE pushed through $1 to make new ATHs, a community member was able to pay for his daughters tuition with 100x profits. It was mind blowing to say the least.

2/ Shortly after the IDO last year $RUNE dropped to 1c. Several presale investors were disappointed & dumped for 50% loss or waited and sold at breakeven. It was a difficult time because while the team was focused on product, the market had anxiety about price.

3/ The team assured investors that @thorchain_org would reward those with a low time preference; and that the vision for THORChain was disruptive in more ways people could imagine. A laser focused engineering team was all the project needed, the rest would fall into place.

4/ A strong community grew in the following months as interest in the project grew. The team spoke with many bright minds in the space, including @Delphi_Digital who were one of the first to back the team with a strategic investment.

5/ $RUNE holders were patient, incredibly patient. As some assets were making large returns, $RUNE wouldn't budge from 10c for 310 days. The network asset of a future multi billion dollar liquidity protocol was seriously undervalued.

6/ Today things look quite different as $RUNE pushed through $1 to make new highs. Early investors are sitting on 100x returns just as Chaosnet is set to release. Those with low time preferences have been rewarded with more upside to come. $RUNE is on several major exchanges.

7/ The value of $RUNE is no joke, the distribution and value of RUNE is critical to the security of the network. Firstly $RUNE is the settlement currency which enables assets to be swapped without dilution of liquidity.

8/ $RUNE is bonded by nodes to underwrite staked capital, securing the network at all times via the incentive pendulum; and $RUNE is paid out as block rewards, adding further incentives for LP's & node operators. RUNE is a network asset, not a utility token.

9/ Based on the incentive pendulum, the marketcap of $RUNE is 3x the value of external assets staked on the network. To compare against Uniswap's $700mm TVL, the marketcap of $RUNE would be over $2 billion. A strictly scarce (fixed supply) asset.

10/ Without wide distribution and value the network would be insecure. Today $RUNE is in the hands of thousands of aligned holders who are staking 86% of the supply. The network with the highest purchasing power will absorb the other; and the purchasing power of $RUNE is massive

11/ Today $RUNE is being used to secure staked capital on mainnet (chaosnet), just as it was intended more than 2 years ago. The network asset is demonstrating it's value beyond speculation. This is just the beginning for @thorchain_org & $RUNE - most of you already know this.

12/ To sum up, it's heartwarming to see the crypto community emerge out of a multi-year bear market & achieve this kind of performance. It's only through the dedication & hard work of the team (who are mostly anon) and through your support that 100x $RUNE was possible.

13/ By way of warning, magical internet money is great when it's going up; but markets seem to turn when we least expect it. The team has never been able to *directly* influence price and you should take great care when investing in crypto. Please be responsible with your $RUNE