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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 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 mainnet was originally launched in January 2021. Mainnet - https://viewblock.io/thorchain ERC-20 - https://etherscan.io/token/0x3155ba85d5f96b2d030a4966af206230e46849cb BEP2 - https://explorer.binance.org/asset/RUNE-B1A Telegram | Discord | Medium | Gitlab | GitHub | Reddit | Docs
Rune Currency Details
Market Capitalization$590,976.03This market cap is self-reported and is based on a circulating supply of 19,619 RUNE, which has not been verified.
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
About Rune (RUNE)
THORChain (RUNE) Frequently Asked Questions
How do I buy THORChain?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including THORChain.
What do investment analysts think about THORChain?
Weiss Research, an investment research firm that rates cryptocurrencies, has given THORChain an overall rating of "C-", a technology and adoption rating of "C", and a market performance rating of "E+".
Where can I get THORChain wallet?
THORChain produces its own wallet software that is available for download on its website, which allows you to store THORChain on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of THORChain?
One THORChain (RUNE) is currently worth $1.52 on major cryptocurrency exchanges. You can also exchange one THORChain for 0.00007907 bitcoin(s) on major exchanges. The value (or market capitalization) of all available THORChain in U.S. dollars is $758.42 million. This market cap is self-reported and has not been verified.
What is the Reddit page for THORChain?
Rune (RUNE) Price Chart for Sunday, October, 2, 2022