THORChain
- #Decentralized Exchange Token (DEX)
- #Decentralized Finance (DeFi)
- #Cosmos Ecosystem
- #Exchange-based Tokens
- #Infrastructure
- #Binance BUSD
- 5.904
- $649.22M
- $2BRank #61
- 338.15M
- Spot Markets
- Overview
- Market Data
Similar News
More Info- 06-04 10:00
The Binance World Championship Special: Trade $100 Each on Convert, Spot & Futures To Win...
- 06-03 22:00
MiCA Stablecoin Rules Implementation Announcement
- 06-03 10:15
Word of the Day: Test Your Knowledge on Life in Binance to Earn Binance Points...
- 05-31 15:00
Updates on Minimum Order Size for Spot and Margin Trading Pairs (2024-06-07)
- 05-30 21:28
Binance Futures Will Launch USDT-Margined TURBO Perpetual Contract With Up to 50x Leverage
Market Signal
More InfoCryptocurrency Calendar
NO DATA
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]
