Trusted cryptocurrency platform - (US & INT)

THORChain Price & Charts

Charts provided by TradingView

THORChain News

RSS Reddit

  • Trust wallet integration: Android-only? When iOS? January 29, 2023
    submitted by /u/MrNotSoRight [link] [comments]
  • Still can't access my ltc savers vault, my ltc balance isn't showing up at all now January 29, 2023
    When will thorwallet site be fixed? submitted by /u/WeekendAtMoonies [link] [comments]
  • Is the Earn safe? The APR for BTC, ETH is quite high like the CEX we see/saw. January 28, 2023
    As above submitted by /u/Toast-toast-bread [link] [comments]
  • ThorWallet alternative? January 27, 2023
    Is there a version of ThorWallet on android without the ugly advertising bar at the top? ThorWallet is open source, right? submitted by /u/box-bolt [link] [comments]
  • Rune up 10% but what about developer activity? January 27, 2023
    THORChain provides a solution in the form of a decentralized exchange (DEX) based on the Cosmos software development kit (SDK). Its AMM-based protocol provides the backend technology needed to swap cryptocurrencies between blockchains that were previously non-interoperable. The detrimental effects of the bear market were evident in the developer activity of Thorchain Network, as it […]
  • THORChain 2023 Roadmap / Look Ahead January 27, 2023
    submitted by /u/FamiliarCow [link] [comments]
  • FYI: Sochain API Causing Frontend Issues January 27, 2023
    Some users may know that xchain.js is a library used by many THORChain projects like THORWallet and THORSwap. It uses another API internally called Sochain. Sochain recently just deprecated their free service in favor of a paid API, so this part of xchainjs no longer works. This is why there have been frontend display issues […]
  • Savers Vault has been down for two days January 26, 2023
    The vault isn't loading no matter which browser I've tried......can any Thor member elaborate... submitted by /u/WeekendAtMoonies [link] [comments]
  • Is there a way of governance or voting to suggest adding a new network EGLD ? January 26, 2023
    Is there a way of governance or voting to suggest adding a new network EGLD? submitted by /u/mr-zillionaire [link] [comments]
  • The chain is down again?? January 25, 2023
    Wanted to buy the dip, yesterday was all fine. All the coins were appearing. Now today only 6 appear when I press swap. This is with usdt Where can I see where chain halts, bug fixes etc are announced etc? Edit: just great... The day btc breaks out πŸ™„ submitted by /u/nicog67 [link] [comments]

What Is THORChain ?

Thorchain is a decentralized liquidity network that enables cross-chain liquidity pools with no wrapped or pegged tokens. Thorchain functions on these three key elements:

  • Swap between assets across chains.
  • Stake assets to earn yield.
  • Run a node to service the network.

Thorchain is a blockchain network that not only exchange value in a decentralized manner, in a way that’s devoid of arbitrary decisions of powerful centralized authorities. It also does not discriminate on any blockchain – chain-agnostic. This implies that, Thorchain users can connect and make use of any blockchain in a cross-chain network. A user is rewarded with the native token – RUNE whenever he/she stakes.

A Thorchain token user gets rewarded in three ways: when staking, when transferring value across chains and when running a validator node.

Other projects can stake their treasuries to give their tokens deep liquidity.

Thorchain Features

The Thorchain protocol can boost of the following key features.

  • Cross-chain Asset Swaps: Thorchain allows swapping of assets in a cross-chain network at a minimal fee.
  • Provide liquidity: Thorchain rewards users with RUNE tokens who stake in the liquidity pool. There is a block reward associated with staking.
  • Users also earn rewards from running a Node: Users who run a node to maintain and secure the Thorchain network get rewarded with RUNE tokens.

Thorchain Team

The team behind Thorchain decides to remain pseudo-anonymous.

According to their website, transparency is demonstrated in other ways – research, code, treasury while personalities, figureheads and founders undermine decentralization.

There are 12 employees and 6 advisors mentioned in ICOBench.

Use cases of Thorchain

  • Thorchain (RUNE) tokens are used for trading in many exchanges.
  • Thorchain (RUNE) tokens are used for payment transactions within its network.
  • Thorchain (RUNE) is a digital assets creation platform.
  • Thorchain (RUNE) is used for swapping of assets.
  • Thorchain (RUNE) in providing liquidity pool for projects.

Mining of Thorchain

Staking and validating a node are ways to get rewarded with a new block and RUNE tokens. It uses Proof-of-Stake consensus algorithm.

Staking involves buying of cryptocurrency tokens and holding for a specific time. The user must stake coins in the wallet for the running of the network and get rewarded with cryptocurrency tokens.

Thorchain (RUNE) tokens are available at the various exchanges for purchase.

Notes for Investors

Thorchain (RUNE) is relatively doing well in the crypto market, going by its performance of 5.7% profit in last three months. Thorchain (RUNE) is an improved version of other cryptocurrencies in addressing challenges of chain-agnostic in the blockchain space.

Presently, the unit price of Thorchain (RUNE) is $0.392002 USD (5.71%), the market capitalization is $62,105,724 USD, the circulating supply is 158,432,088 RUNE and is currently ranked 127th in the cryptocurrency market.

These statistics have shown that, Thorchain (RUNE) is relatively doing well and may spring surprises in the future, as it has already started gaining traction.

Quick Disclaimer:

This content is not intended to endorse Thorchain (RUNE) for investment but to get readers well informed about Thorchain (RUNE).The cryptocurrency market is unpredictable and any intending investor should seek advice from his financial advisor before investing.