THORChain
RUNE Price
RUNE is the native utility token of THORChain, a decentralized liquidity protocol, used for governance, staking, bonding, rewards, and trading. More
| Fully Diluted Valuation | $691.50M |
|---|---|
| 24H Trading Volume | $101.29M |
| 24H Low / High | $1.58 / $ 1.65 |
| Circulating Supply | 351.44 M |
| Total Supply | 425.48 M |
| Max Supply | 500.00 M |
| Categories | Decentralized Exchange (DEX) 8 more |
|---|---|
| Founder | Anonymous |
| Website | thorchain.org Whitepaper |
| Socials | 8 more |
| Chains | THORChain Ecosystem |
| Explorer | Dex 3 more |
| Name | Pair | OG Score |
|---|
THORChain, introduced in 2019 through an Initial DEX Offering (IDO), has rapidly evolved into a decentralized liquidity protocol. This blockchain, built on the Cosmos SDK, operates as a cross-chain decentralized exchange (DEX), facilitating the seamless exchange of assets across various blockchain networks. At its core is the native utility token, RUNE, which serves as the backbone for the platform's unique features and functionalities.
Key Features and Operation:
THORChain employs an Automated Market Maker (AMM) model, reminiscent of pioneers like Uniswap. The twist lies in the native token, RUNE, acting as the base pair for swaps. In a two-step process, assets are first swapped for RUNE and then RUNE for the desired asset. This double-swapping mechanism enables decentralized asset swapping across chains in a non-custodial manner.
The protocol utilizes Continuous Liquidity Pools (CLPs), an adaptation of Bancor's smart tokens, to incentivize users contributing to liquidity pools. Liquidity providers (LPs) earn a share of trading fees for staking assets in these pools, encouraging active participation in the ecosystem. THORChain operates on a proof-of-stake consensus mechanism, rewarding node operators with RUNE tokens for securing the network and validating swaps.
Utility of RUNE Token:
RUNE serves as a multi-faceted utility token within the THORChain ecosystem. Beyond being the medium for decentralized swaps, it is used for governance, staking, bonding, and as a reward mechanism. Staking RUNE provides users with voting power on governance proposals, emphasizing community involvement in decision-making.
Cross-Chain Operation:
THORChain's mission is to enable native asset settlement across diverse networks, allowing users to swap assets like Bitcoin, Ethereum, and Stablecoins across nine distinct blockchains. The platform mitigates impermanent losses for liquidity providers through slip-based fees, ensuring liquidity remains where needed. THORChain does not wrap or peg assets but facilitates the direct exchange of value between different coins on various blockchains.
Use Cases:
THORChain opens doors to various use cases. Streaming Swaps enable the gradual execution of large swaps, minimizing fees for users. Savers can engage in single-sided liquidity provision, earning yield without facing impermanent losses. The platform also offers a Lending protocol, allowing users to borrow against native assets like BTC or ETH without liquidations, interest, or expiration.
Decentralized Governance and Development:
THORChain distinguishes itself by having no CEO, founder, or directors. Development decisions are made collectively through nodes on Gitlab, maintaining a decentralized structure. This anonymity is deliberate, aiming to safeguard the project's decentralization.
Conclusion:
As of June 2022, THORChain stands at the forefront of decentralized liquidity protocols, with 308 million out of 500 million RUNE in circulation. Its innovative approach to cross-chain swaps, user incentives, and governance exemplify a commitment to decentralization and community-driven development. THORChain's journey from its initial chaotic stages to a live Mainnet showcases its resilience and potential in shaping the future landscape of decentralized finance.
THORChain mitigates impermanent losses through slip-based fees, ensuring liquidity stays where needed, creating a more sustainable environment for liquidity providers.
THORChain stands out with its decentralized liquidity protocol, utilizing an innovative double-swapping mechanism and Continuous Liquidity Pools (CLPs) to enable non-custodial, cross-chain asset swaps.
THORChain operates without traditional founders, embracing a decentralized development model where decisions are made collectively by nodes on Gitlab.
THORChain is unique for its decentralized structure, lacking a traditional CEO, founder, or directors.
You can buy THORChain (RUNE) on Binance, BitgetBybitKrakenMEXC cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like THORChain RUNE. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of THORChain (RUNE) is ($351,444,789), max supply of THORChain RUNE is ($500,000,000) and the market cap of THORChain RUNE is ($571,171,580).
What is the THORChain (RUNE) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of THORChain (RUNE) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether THORChain (RUNE) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (THORChain RUNE) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does THORChain (RUNE) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether THORChain (RUNE) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
OGAudit is the First Social Audit Platform for Web3 - Your Crypto Playbook!
Explore the Crypto Topics section to discover what OGs are discussing and gain insider knowledge on trending crypto topics.
There are many ways to conduct business in the crypto space, but we’ve chosen the most challenging path: shedding light on the unknown. Social media interactions and transaction volumes of exchanges and crypto assets can easily be manipulated by bots and whales, often misleading researchers and opening doors for scams by bad actors. Scammers have cost the crypto industry billions of dollars. Major red flags often slip past traditional technical or KYC audits, but OGAudit tackles this with its unique social auditing mechanism!
We believe in creating a safer, more thriving, and equal-opportunity crypto space for everyone. Our sole motivation is you 💗
We trust that authentic reviews from OGs will help you find the most reliable crypto exchanges and Web3 solutions you need! Additionally, we aim to simplify your crypto DYOR process with clear, up-to-date content.
OGs are the most experienced, reputable members of the crypto community, serving as independent auditors on the OGAudit platform.
Becoming an OG is not granted; it’s earned! Anyone with at least 1,000* days of on-chain experience and who adheres to OGAudit Community Guidelines can qualify as an OG.
The OG onboarding and rating mechanism is fully automated. OGs' wallet addresses and contributions are publicly verifiable on-chain**. The decentralized, permissionless, and transparent OGAudit consensus**, along with OGAudit Community Guidelines, ensures the elimination of spam and fraudulent content.
*500 days of on-chain experience qualifies you during the OGAudit Alpha! **to be Announced
Yes, it is—and all basic features will always remain free for personal use!🔥
Unfortunately, we do not have a token, and investing in the OGAudit platform is not an option. However, we greatly appreciate any donations!💗
If you meet the requirements and share our values, you can become a contributor to our community as an OG⭐️
By joining us, you'll help make crypto a safer place, earn rewards, perks, all while building your reputation along the way!⬆️
OGAudit is a collective movement of the crypto OG community. It has no affiliations with VCs, centralized exchanges, or other entities. Founded and funded by the Chief OG in 2023, OGAudit has been built by a dedicated team of crypto enthusiasts, researchers, web developers, and community leaders.💪
We have witnessed many market cycles, experienced the highs of the bull runs and the lows of the bear markets, and even faced rug pulls. Yet, we have remained resilient and are devoted to making Web3 accessible to everyone in the most secure way possible!
