What is THORchain? Everything you need to know about RUNE

THORchain is an independent blockchain built on Tendermint & Cosmos-SDK, the platform operates on a cross-chain liquidity supply model (cross-chain AMM). Accordingly, users can freely liquidate and exchange assets with each other without the need for intermediaries.

If you want to know more detailed and interesting information about THORchain, then why not take some time to follow upcoming content from AZcoin?

What is THORchain?

THORchain is an independent blockchain built on Tendermint & Cosmos-SDK
THORchain is an independent blockchain built on Tendermint & Cosmos-SDK

THORchain is an independent blockchain built on Tendermint & Cosmos-SDK. This platform was created in 2018 and is one of the oldest blockchains from Cosmos. THORchain’s main operating model is to provide cross-chain liquidity (cross-chain AMM).

Accordingly, the main goal that THORchai aims to achieve is to provide users with the freedom to exchange crypto assets between different chains in the network without relying on intermediaries. At the same time, we must still ensure absolute safety and reliability in each transaction.

And RUNE Coin is the official cryptocurrency of the THORchain platform, with which users can swap assets using native assets from the platform. Besides, RUNE is also used to stake and operate nodes in the network.

What’s special about THORchain?

THORchain has a lot of impressive points to say
THORchain has a lot of impressive points to say

THORchain has a lot of impressive points to say, but to summarize it will be as follows:

  • On the user side: Can use and swap assets on many different blockchains from their own original account without requiring additional account registration, making it easier to access the market without going through a third party father.
  • On the liquidity providers side: Earn more profit from idle assets, no registration required and receive full protection after providing 100 days of liquidity.
  • On the node operating partner’s side: Receive rewards for participating in security, encourage anonymity and KYC is not required.

Besides, if you want to know more information about other cryptocurrency projects, please refer to: INJ, Notcoin, SUI,…

What does THORchain’s ecosystem include?

THORchain's ecosystem has many notable products
THORchain’s ecosystem has many notable products

THORchain’s ecosystem includes the following components:

  • THORchain: The ideal basis of the ecosystem, is a decentralized liquidity protocol built on Layer-1, Cosmos.
  • THORSwap: A multi-chain DEX built on top of THORchain’s liquidity, helping swap crypto assets between networks.
  • ThorWallet: Non-custodial cryptocurrency wallet used to store, manage, trade and swap multi-chains.
  • Thorstarter: DAO and IDO launchpad to enhance and develop the DeFi of the future.
  • ASGARDEX: A decentralized cryptocurrency exchange built for THORChain and MayaProtocol.

Overview of RUNE Coin

Let's learn about RUNE Coin
Let’s learn about RUNE Coin

Specifications

  • Token Name: RUNE
  • Ticker: RUNE
  • Blockchain: THORChain
  • Token Standard: BEP2
  • Contract: bnb1e4q8whcufp6d72w8nwmpuhxd96r4n0fstegyuy
  • Token Type: Utility, Governance
  • Total Supply: 500.000.000 RUNE
  • Circulating Supply: 262.391.792 RUNE

Allocation rate

Currently RUNE Coin is being allocated as follows:

  • Liquidity Emission: 50%
  • Operational Reserve: 13%
  • Marketing: 12%
  • Founders, Advisors: 10%
  • Private Sales: 6%
  • Pre-sale: 7%
  • IDO: 2%

RUNE Coin Use Case

RUNE Coin is currently mainly used for the following tasks:

  • Provide liquidity.
  • Supports network security.
  • Project management.
  • Pay trading fees and provide liquidity.
  • Make rewards.

How to own RUNE Coin?

To own RUNE Coin, the best crypto exchanges we can recommend to you are Binance, Hotbit, Gate.io,… exchanges that support this coin.

Besides, you can also become a Node or Liquidity Provider of THORchain and thereby earn RUNE Coin as a reward.

Where should RUNE Coin be stored?

RUNE Coin is the official cryptocurrency of THORchain, so it’s best to store it on the platform’s e-wallets: ThorWallet, Edge Wallet,…

Summary

Finally, we have come to the end of all the most interesting and general content about THORchain. Hope you enjoy this content. If you have any other questions, don’t hesitate to contact AZcoin.

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