The present disclosure relates to a revolving rack for the distribution and storage of chain on spools and a method of distribution and storage thereof, and more specifically, to a revolving rack with multiple spools placed on removable spool holders attached to a manual or automatic rotating mechanism that is user activated to place a selected spool at a desired operative position for distribution of chain. The revolving rack including a rotating mechanism connected to a frame with two roller chains placed on bottom sprockets and top sprockets having a built-in mechanism to hold a selected spool at a fixed height. Spools are inserted in spool holders and then adapted on the revolving rack. A drive mechanism rotates the spool holders a desired position either manually or electrically. The revolving rack also includes a sturdy frame having an operative section for receiving the rotating mechanism and a fixation section with a forklift-type interface. The spool holders include a central support placed on a spool holder equipped with a friction based stabilizer to prevent rotation and unwinding of chain.