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
Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC
Latest THORChain (RUNE) news, we cover THORChain (RUNE) news and blockchain news.
Follow the continued development of THORChain and the rise of a borderless, permissionless financial system. The evolution of the THORChain industry, the best ways to invest in THORChain, and how THORChain futures impact blockchain adoption. How industry stakeholders will work to make THORChain a mainstay in people's lives.
Follow us for the latest THORChain news and THORChain prices.