THORChain
- #Decentralized Exchange Token (DEX)
- #Decentralized Finance (DeFi)
- #Cosmos Ecosystem
- #Exchange-based Tokens
- #Infrastructure
- #Binance BUSD
- 5.361
- $269.66M
- $1.8BRank #60
- 335.28M
- Spot Markets
- Overview
- Market Data
Similar News
More Info- 04-22 22:54
Rune DOG•GO•TO•THE•MOON futures price is $0.005
- 04-21 14:29
RuneChain will launch RSIC•GENESIS•RUNE/BVM trading pair
- 04-21 11:41
Pre-Rune concept NFT Rune Doors floor price is now reported at 0.0264 BTC, which is...
- 04-20 09:04
CyberKongz launches rune number 2 "DECENTRALIZED", and the price of Pre-Rune NFT doubles
- 04-17 19:28
Omni airdrop is available, the current price on the chain is 45.04 USD
Market Signal
More InfoCryptocurrency Calendar
02-17 00:00THORChain | RUNE Token BurnTokenomics
What Is THORChain (RUNE)?
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see [automated market maker]).
The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 1 million 300k RUNE to participate in its rotating [consensus] process.
THORChain was funded through an initial DEX offering (IDO) which launched through the Binance [DEX] in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022..
[Learn more here]
