# RuneMine Token ($MINE)

*$MINE is the native token that powers the RuneMine ecosystem - the core utility asset underpinning RuneMine's infrastructure, integrations, and growth across the Bitcoin, Solana, and NEAR networks.*

***

#### 🞷 **Supporting Ecosystem Growth**

$MINE is integral to the expansion of the RuneMine product suite:

* **RuneShot Launches:** Facilitates seamless, gasless token creation and price discovery.
* **Trading:** Powers advanced trading functionalities across Bitcoin, Solana, and BTC L2s.
* **Cross-Chain Liquidity:** Unlocks smooth asset flow between Bitcoin, Solana, NEAR and other supported networks.

As integrations expand $MINE becomes increasingly central to protocol-level coordination.

#### **🞷 Protocol-Backed Utility & Yield**

Aligned in the latest [Tokenomics 2.0](/runemine/token-and-governance/usdmine-tokenomics-2.0.md), $MINE is directly tied to protocol usage and revenue:

* **20% of all RuneShot fees** to be used to **buyback $MINE on the open market, effective immediately at product launch.**
* Purchased $MINE is deposited into the MINE Staking rewards pool to reduce reliance on emissions and eventually replace them entirely.
* As the fee volume scales and surpasses emission levels, staking APRs increase - without additional token inflation.

Creating a closed-loop incentive system where increased on-chain activity drives token demand, boosts staking yields, and reduces net circulating supply over time.

#### 🞷 Planned Supply Sinks

New systems are being introduced to reduce circulating supply:

* **Integration Locks:** Projects integrating MineBridge or RuneShot will need to buy and lock/burn $MINE for access.
* **Mine Node Bonding:** Validators will bond $MINE to secure the network and earn a share of fees.
* **BTC Yield Vaults:** *(In development)* native BTC revenue share to stakers as the product suite scales.

🞷 **Powering Mine Nodes**\
Mine Nodes will play an essential role in the decentralization of the MineBridge. $MINE enables:

* **Node Operation:** $MINE is required to operate and delegate to Mine Nodes, which secure the MineBridge and validate cross-chain transactions.
* **Node Rewards:** Node Operators earn rewards in $MINE, incentivizing active participation and ensuring the bridge’s resilience and scalability.

🞷 **Decentralized Governance**\
$MINE fuels decentralized decision-making within the RuneMine ecosystem. Through governance, token holders gain the ability to:

* Propose and vote on key protocol upgrades, including bridge mechanics, integrations, and network expansions.
* Participate in the **Mine Labs Council of Runes**, ensuring transparency and community-driven strategic direction.

🞷 **Community Engagement and Incentives**\
To encourage long-term participation, $MINE drives community rewards through:

* **Staking:** Live now. Rewards are tied to protocol fee buybacks, with future enhancements planned.
* **Airdrops and Iniatives:** Engaging active contributors and long-term holders with exclusive benefits tied to ecosystem milestones.

{% hint style="info" %}
$MINE Staking Platform:  <https://app.runemine.com/staking>
{% endhint %}

<figure><img src="/files/s6UPQa9jV3La4i0ESgHC" alt=""><figcaption><p>Tokenomics table for Public IDO.</p></figcaption></figure>

<figure><img src="/files/cyDHwtksgbZkldwqxrUS" alt=""><figcaption><p>$MINE Token Vesting Schedule</p></figcaption></figure>

**$MINE Token Overview:**

* **Chains:** Bitcoin (Runes), Solana (SPL), NEAR
* **Contract Address**&#x20;
  * **CA (Solana):** M1NEtUMtvTcZ5K8Ym6fY4DZLdKtBFeh8qWWpsPZiu5S
  * **Rune ID (Bitcoin):** MINE•MINE•MINE (896048:390)
  * **Contract (NEAR):** mineminemine.tkn.primitives.near
* **Total Supply:** 500,000,000 $MINE
* **Initial Unlock:** 20% at TGE, with remaining tokens vested linearly over 6 months.

**Utility and Value Accrual:**

* **Governance:** $MINE holders shape the future of RuneMine, voting on protocol upgrades and decentralization initiatives.
* **Staking Rewards:** Secure the network and earn rewards as adoption and cross-chain activity grow.
* **Community and Protocol Growth:** $MINE fuels RuneMine’s products - RuneShot, Trading Terminal, MineBridge, and future expansions to BTC L2s and EVM-compatible chains.


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