THORChain is a proof-of-bond network, run autonomously by anon operators. If the network was launched with no prior distribution phase, the THORChain treasury could dictate the genesis node operators, eroding the decentralised qualities of the network.

Instead, IOU RUNE on two networks, Binance Chain and Ethereum, was circulated for permissionless acquisition for 18 months prior to multichain chaosnet launch. As such, anyone could have acquired enough RUNE to run a THORNode.

IOU Tokens (BNB.RUNE and ETH.RUNE) will be deprecated after mainnet. Nodes will activate a “killswitch”, which will slowly reduce the redemption rate from 1.0 to 0.0 over the course of a year. After a year the upgrade code will be entirely removed and IOU tokens will no longer be supported. Upgrade your IOU tokens now.HOW TO UPGRADE RUNE

Examining the unique wallets that have taken out the rune by upgrading their bnb.rune and eth.rune, it is seen that, unlike the last few days, on other days, the unique wallets that have upgraded bnb.rune By far, they have been more than the wallets that tried to burn eth.rune.And on March 27, 147 separate wallets upgraded their bnb.rune , compared to 15 wallets that upgraded their eth.rune on that date.

But in recent days, the opposite has been true. And on June 25, 147 separate wallets upgraded their eth.rune, compared to 35 wallets that upgraded their bnb.rune on that date.

Looking at the amount of rune exit from upgrading bnb.rune in the last 6 months, it can be seen that on certain days such as January 3rd and June 14th, the amount of upgrade was much higher than other days, and this is because the value in this chart The other days are very small compared to these two days.

Approximately 198.2 million rune was withdrawn on January 3 and 54.5 million rune on June 14 via the bnb.rune upgrade.

Considering the amount of eth.rune upgraded in the last 6 months, it can be seen that the values ​​are clearly less than the values ​​of the upgraded bnb.rune. March 27 with 1.27 million rune is the highest amount of eth.rune upgrade on a particular day

It is observed that the total value of the rune resulting from the bnb.rune upgrade is clearly greater than the value obtained from the eth.rune upgrade. There is also a huge difference in the number of unique wallets.

Conclusion

It is observed that the total value of the rune resulting from the bnb.rune upgrade is clearly greater than the value obtained from the eth.rune upgrade. There is also a huge difference in the number of unique wallets.

Also, on certain days, the amount of upgrades was clearly higher than on other days, because the number of wallets per person on these days is not significantly different from other days. This increase in the amount of upgrades can be due to the activity of whales on these special days.