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THORChain (RUNE) is a cryptocurrency launched in 2018and operates on the BNB Beacon Chain (BEP2) platform. THORChain has a current supply of 334,937,974.91478544 with 330,688,061.33445597 in circulation. The last known price of THORChain is 5.38409943 USD and is up 31.20 over the last 24 hours. It is currently trading on 70 active market(s) with $380,752,248.73 traded over the last 24 hours. More information can be found at https://thorchain.org/.

THORChain

<p>When you have an asset in&nbsp;<strong>blockchain A (Token A),</strong>&nbsp;you want to use token A to transact on&nbsp;<strong>blockchain B (Token B)</strong>. Then the question is how can you be active while the two blockchains are not compatible with each other. At this point,&nbsp;<strong>Cross-chain</strong>&nbsp;was born, opening a new page for DEFI.</p>
<h2><span id="Is_There_A_Market_Needs" class="ez-toc-section"></span>Is There A Market Needs?</h2>
<p><strong>Cross-chain</strong>&nbsp;is a solution that helps to transfer crypto assets, tokens or data from one blockchain to another, to optimize interoperability between blockchains. For example, this is similar to the fact that Hong Kong people can&rsquo;t use USD to transact in their country and Americans can&rsquo;t use HKD to pay in the US. At this point, what you need to do is find a bank to change into an intermediary currency compatible with both countries.</p>
<p>The problem seems simple as follows: you want to use BTC on the Ethereum chain, so you need to swap BTC to WBTC for example via&nbsp;<a href="https://news.coincu.com/57866-what-is-wrapped-bitcoin/" data-type="URL" data-id="https://news.coincu.com/57866-what-is-wrapped-bitcoin/">wbtc.network</a>, but the problem is that you will have to deposit BTC into a 3rd party. If the 3rd party gets hacked or the 3rd party behaves badly. Your deposit will be in jeopardy. At this time, a new solution was born to help cross-chain solve this problem.</p>
<p><strong>Cross-chain has used AMM&nbsp;</strong>&ndash; no 3rd party only Token A+ Token B+ Price (varies on the ratio of the number of tokens in the pool). That is why AMM is more suitable than the third party above. Because no one has control over the assets in the pool.</p>
<p><strong>THORChain is also a chain that helps solve similar problems.</strong></p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped"></figure>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="What_Is_THORChain_RUNE" class="ez-toc-section"></span>What Is THORChain (RUNE)?</h1>
<p><strong>THORChain&nbsp;</strong>is an independent&nbsp;blockchain constructed with the&nbsp;<strong>Cosmos SDK</strong>&nbsp;that will act as a decentralized cross-chain trade (DEX). It employs an automated market maker (AMM) approach similar to the early versions of Bancor (BNT) and Uniswap, with THORChain&rsquo;s native token (RUNE) serving as the basic swap pair. It does not peg or wrap assets, it simply determines how to move them in response to user actions. This model allows traders to move between different asset pools using RUNE as a somewhat hidden intermediary. It also pays a percentage of trading costs to liquidity providers (LPs), who deposit or &ldquo;stake&rdquo; assets on either side of a liquidity pool.</p>
<p>It uses an AMM model to facilitate crypto asset swaps an independent crypto network that aims to enable the exchange of assets across disparate blockchain networks in a non-custodial manner. Its protocol features a cross-chain bridge system (known as the&nbsp;<a href="https://medium.com/thorchain/the-bifr%C3%B6st-protocol-bridging-chains-safely-9097c7dde7bf" target="_blank" rel="noreferrer noopener">Bifr&ouml;st Protocol</a>) to connect different chains.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79256" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 2" src="https://news.coincu.com/wp-content/uploads/2022/04/download-1.png" sizes="(max-width: 503px) 100vw, 503px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/download-1.png 503w, https://news.coincu.com/wp-content/uploads/2022/04/download-1-300x102.png 300w" alt="download 1" width="503" height="171" loading="lazy" data-id="79256" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h1 id="outstanding-features" class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<h2 id="what-is-the-project-trying-to-achieve"><span id="What_is_the_project_trying_to_achieve" class="ez-toc-section"></span><strong>What is the project trying to achieve?</strong></h2>
<p>As the number of users on blockchain networks grows, the need for cross-network liquidity likewise increases. Thorchain is a protocol that aims to meet this need by enabling the trading of crypto assets across various blockchains in a completely decentralized way without a third party ever taking control of the funds.</p>
<p>Across multiple blockchains without wrapped/pegged assets &amp; without a centralized counterparty. Trade directly from your own wallet non-custodial.</p>
<ul>
<li>The ability to swap Layer 1, or native, assets across multiple chains &ndash; e.g. native BTC to ETH swap.</li>
<li>No user registration required &ndash; simply send a transaction and THORChain will execute it.</li>
<li>No wrapped assets &ndash; all assets are natively secured.</li>
<li>Transparent, fair prices, without relying on centralised third parties.</li>
<li>Continuous Liquidity Pools that maximise the efficiency of the protocol</li>
</ul>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79167" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 3" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-1024x447.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-1024x447.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-300x131.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-768x335.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-750x327.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912-1140x497.png 1140w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-143912.png 1330w" alt="What Is THORChain" width="1024" height="447" loading="lazy" data-id="79167" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<p class="has-text-align-center"><em>Source: app.thorswap.finance</em></p>
<h2><span id="What_is_the_unique_selling_point" class="ez-toc-section"></span><strong>What is the unique selling point?</strong></h2>
<p><strong>THORChain&nbsp;</strong>uses a series of core technologies to ensure the network functions as designed:</p>
<ul>
<li>Tendermint</li>
<li>Continuous Liquidity Pools (CLPs)</li>
<li>Bifr&ouml;st Protocol</li>
<li>Yggdrasil Protocol</li>
</ul>
<p><strong>Tendermint</strong>&nbsp;THORChain is a&nbsp;<a href="https://medium.com/thorchain/thorchain-crypto-economic-model-844a4ae51075" target="_blank" rel="noreferrer noopener">Tendermint-based chain</a>, which is the same architecture and consensus system first used by the Cosmos network. Therefore, like Cosmos, THORChain caps the number of validators (100 to start) in order to reach finality for each proposed block. It also supports a Proof-of-Stake consensus mechanism since Tendmint requires each Validator to have a weight on the network determined by the stake they hold.</p>
<p><strong>Continuous Liquidity Pools (CLPs)</strong>&nbsp;this system incentivizes participants to supply liquidity in exchange for fees and RUNE rewards. Traders can then access and exchange with these token pools directly, which gives CLPs an ongoing supply of liquidity. The protocol also tracks the ratio of RUNE to the asset held in each CLP, which creates an inherent on-chain price feed for individual assets.</p>
<p><strong>Bifr&ouml;st Protocol</strong>&nbsp;The&nbsp;<a href="https://medium.com/thorchain/the-bifr%C3%B6st-protocol-bridging-chains-safely-9097c7dde7bf" target="_blank" rel="noreferrer noopener">Bifr&ouml;st Protocol</a>&nbsp;is THORChain&rsquo;s cross-chain bridging system. The protocol leverages THORChain&rsquo;s Proof-of-Stake (PoS) validator set, the on-chain price feeds generated by CLPs, and multi-signature (multi-sig) accounts to create and secure these bridges. Every bridge uses validating parties to verify transactions. But the multi-sig system randomly assigns validators to each transaction to limit centralization concerns. Each bridge is customizable, where the end-user determines the number of parties required to sign off on a transaction (a three-of-four multi-sig arrangement is less secure but faster than a 20-of-21 schema).</p>
<p><strong>Yggdrasil Protocol</strong>&nbsp;The Yggdrasil Protocol is a sharding mechanism designed to help scale THORChain. Unlike more traditional sharding applications, which split items into horizontal components, the Yggdrasil Protocol uses a vertical sharding technique on entire chains. The team says this technique allows THORChain to apply sharding to cross-chain ecosystems, as opposed to sharding an existing chain.</p>
<h2><span id="How_Does_Swap_Work" class="ez-toc-section"></span><strong>How Does Swap Work?</strong></h2>
<p><strong>Swaps in THORChain</strong>&nbsp;use native assets. Example: When a swap from<strong>&nbsp;RUNE to BTC</strong>&nbsp;occurs, RUNE is sent into THORChain from the user and BTC is sent out from one of THORChain&rsquo;s vaults &ndash; Inbound gas is paid in Native RUNE, Outbound Fee is paid in BTC. When Swapping from<strong>&nbsp;BTC to ETH</strong>, BTC is sent into THORChain from the user and ETH is sent out from one of THORChain&rsquo;s vaults. Internally, once the BTC is received, RUNE moves from the BTC pool to the ETH Pool &ndash; thus it is a double swap (BTC: RUNE, RUNE: ETH). Inbound gas is paid in BTC, Outbound Fee is paid in ETH.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79230" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 4" src="https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-1024x417.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-1024x417.jpg 1024w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-300x122.jpg 300w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-768x313.jpg 768w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-1536x626.jpg 1536w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-2048x834.jpg 2048w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-750x305.jpg 750w, https://news.coincu.com/wp-content/uploads/2022/04/FPsHjegXMAkrpCR-1140x464.jpg 1140w" alt="What Is THORChain" width="1024" height="417" loading="lazy" data-id="79230" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2 id="available-assets"><span id="Available_Assets" class="ez-toc-section"></span>Available Assets</h2>
<p>Users can swap any assets which are on connected chains and which have been added to the network. Users can swap from any connected asset to any other connected asset. They can also swap from any connected asset to&nbsp;<strong><a href="https://coincu.com/currencies/rune-thorchain/" target="_blank" rel="noopener" data-type="URL" data-id="https://coincu.com/currencies/rune-thorchain/">RUNE</a></strong></p>
<p>To add an asset to&nbsp;<strong>THORChain</strong>, users simply deposit a new asset to put it in the queue for listing. Swaps can only be made on pools when they have been added to the network and have moved out of the bootstrap phase.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79188" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 5" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221-1024x664.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221-1024x664.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221-300x195.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221-768x498.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221-750x486.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-151221.png 1061w" alt="What Is THORChain" width="1024" height="664" loading="lazy" data-id="79188" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2><span id="Decentralisation" class="ez-toc-section"></span>Decentralisation</h2>
<p><strong>THORChain</strong>&nbsp;manages the swaps in accordance with the rules of the state machine &ndash; which is completely autonomous. Every swap that it observes is finalised, ordered and processed. Invalid swaps are refunded, valid swaps are ordered in a transparent way that is resistant to front-running. Validators can not influence the order of trades and are punished if they fail to observe a valid swap. Swaps are completed as fast as they can be confirmed, which is around 5-10 seconds.</p>
<h2><span id="Continuous_Liquidity_Pools" class="ez-toc-section"></span>Continuous Liquidity Pools</h2>
<p><strong>Swaps on THORChain</strong>&nbsp;are made possible by liquidity pools. These are pools of assets deposited by Liquidity providers, where each pool consists of 1 connected asset, for example, Bitcoin, and THORChain&rsquo;s own asset, RUNE. They&rsquo;re called Continuous Liquidity Pools because RUNE, being in each pool, links all pools together in a single, continuous liquidity network. When a user swaps 2 connected assets on THORChain, they swap between two pools:</p>
<ol>
<li>Swap to RUNE in the first pool,</li>
<li>Move that RUNE into the second pool,</li>
<li>Swap to the desired asset in the second pool with the RUNE from (2).</li>
</ol>
<h2><span id="Roadmap" class="ez-toc-section"></span><strong>Roadmap</strong></h2>
<p>THORChain project roadmap:</p>
<ul>
<li>More chains (LUNA, Privacy, L2&rsquo;s)</li>
<li>More wallets (all the big ones)</li>
<li>More integrations (Dex aggregators)</li>
<li>More Features: Synths, THORFi (lending, saving), THORNames</li>
</ul>
<p>More information at:&nbsp;<a href="https://coincu.com/currencies/rune-thorchain/stories/" target="_blank" rel="noopener" data-type="URL" data-id="https://twitter.com/THORChain/status/1500621127252873218?s=20&amp;t=D5AkG4E0TiSufCcFKSh0lw">CLICK HERE</a></p>

All about

<div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <h2 id="what-is-thorchain-rune">
     What Is THORChain (RUNE)?
    </h2>
    <p>
     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.
    </p>
    <p>
     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
     <a href="#">
      automated market maker
     </a>
     ).
    </p>
    <p>
     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
     <a href="#">
      consensus
     </a>
     process.
    </p>
    <p>
     THORChain was funded through an initial DEX offering (IDO) which launched through the Binance
     <a href="#">
      DEX
     </a>
     in July 2019. Its mainnet originally launched in January 2021, but a multi-chain upgrade is currently scheduled for 2021.
    </p>
    <h3 id="who-are-the-founders-of-thorchain">
     Who Are the Founders of THORChain?
    </h3>
    <p>
     According to an official representative of THORChain, the platform has no CEO, no founder and no directors. Instead, the further development of the platform is organized through Gitlab.
    </p>
    <p>
     On top of this, those currently working on the project are largely anonymous. Again, an official representative of THORChain states that this is to "protect the project and ensure that it can decentralize."
    </p>
    <p>
     A
     <a href="#" rel="noopener nofollow" target="_blank">
      tweet
     </a>
     by the project sheds some light on the theory behind maintaining a project with an anonymous team, as quoted below:
    </p>
    <p>
     “-&gt; Developers work for the Nodes, by shipping code that makes the system more valuable.
    </p>
    <p>
     -&gt; Nodes work for the Stakers, by securing assets and being online.
    </p>
    <p>
     -&gt; Stakers bring capital, placed on-market for the Swappers.
    </p>
    <p>
     -&gt; Swappers pay fees, bringing economic activity.”
    </p>
    <h4 id="what-makes-thorchain-unique">
     What Makes THORChain Unique?
    </h4>
    <p>
     THORChain uses a unique system to help mitigate the issue of
     <a href="#">
      “impermanent losses”
     </a>
     — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed.
    </p>
    <p>
     On top of this, THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps. This is all kept behind the scenes, making the platform accessible to even inexperienced traders.
    </p>
    <p>
     The platform isn't profit-oriented. All fees generated by the protocol go directly to the users, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else.
    </p>
    <p>
     The RUNE token is currently available on multiple blockchains, including Binance Chain (as a BEP-2 token) and Ethereum (as an
     <a href="#">
      ERC-20
     </a>
     token).
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Check out
     <a href="#">
      Uniswap (UNI)
     </a>
     — the governance token for the popular Uniswap AMM.
    </p>
    <p>
     Check out
     <a href="#">
      1inch (1INCH)
     </a>
     — the native token for the 1inch DEX aggregator.
    </p>
    <p>
     <a href="#">
      How Decentralized Are Decentralized Networks
     </a>
     ? Find out with CoinCu Alexandria.
    </p>
    <p>
     Have you seen the
     <a href="#">
      CoinCu blog
     </a>
     yet?
    </p>
    <h4 id="how-many-thorchain-rune-coins-are-there-in-circulation">
     How Many THORChain (RUNE) Coins Are There in Circulation?
    </h4>
    <p>
     As of February 2021, there are 158.4 million RUNE in circulation out of a total supply of 500 million.
    </p>
    <p>
     As we touched on earlier, THORChain initially launched following an
     <a href="#">
      IEO
     </a>
     on the Binance DEX. As part of the IEO, 20 million RUNE were sold. Prior to this, a total of 130 million RUNE were sold in earlier funding rounds.
    </p>
    <p>
     According to the official
     <a href="#" rel="noopener nofollow" target="_blank">
      Binance DEX proposal
     </a>
     , 10% of the total supply (50 million tokens) was allocated to the team, and locked until the launch of the mainnet — unlocking at 20% per month thereafter.
    </p>
    <p>
     THORChain currently has an emission curve starting at 30% APR. This is scheduled to target around 2% APR after ten years.
    </p>
    <h3 id="how-is-the-thorchain-network-secured">
     How Is the THORChain Network Secured?
    </h3>
    <p>
     THORChain is built using the Cosmos SDK and is powered by the Tendermint consensus mechanism. This keeps the network safe from
     <a href="#">
      attacks
     </a>
     through a novel
     <a href="#">
      BFT
     </a>
     proof-of-stake (
     <a href="#">
      PoS
     </a>
     ) system that sees a large number of validators work together to propose and finalize blocks of transactions.
    </p>
    <p>
     Beyond this, THORChain’s
     <a href="#">
      smart contracts
     </a>
     have been audited by several third-party security firms, including one by Certik — which found no vulnerabilities.
    </p>
    <h3 id="where-can-you-buy-thorchain-rune">
     Where Can You Buy THORChain (RUNE)?
    </h3>
    <p>
     RUNE is a popular cryptocurrency that is available to purchase and trade on a large number of both centralized and decentralized exchange platforms. The most prominent of these are
     <a href="#">
      Binance
     </a>
     (centralized) and
     <a href="#">
      SushiSwap
     </a>
     (decentralized).
    </p>
    <p>
     As of February 2021, the vast majority of RUNE trading pairs are crypto/crypto pairs. However, RUNE can be bought with Korean won (KRW) on ProBit Exchange and US dollars (USD) on FTX. For more on buying cryptocurrencies with fiat, see our
     <a href="#">
      popular guide
     </a>
     .
    </p>
   </div>
  </div>
 </div>
 <div class="sc-101ku0o-2 exKUGw">
  <p>
   Our most recent articles about
   
   THORChain
   
   :
  </p>
  <ul>
   <li>
    <a href="#">
     Bridges of Ethereum County: Flipside Crypto
    </a>
   </li>
   <li>
    <a href="#">
     The God of Thunder Arrives: Learn All About THORChain From Flipside Crypto
    </a>
   </li>
  </ul>
 </div>
</div>

description

<h2 class="has-luminous-vivid-orange-color has-text-color">Community</h2>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1657172983040.image" /></p>
<h2 class="has-luminous-vivid-orange-color has-text-color">Backers</h2>
<h2 id="team"><span id="Team" class="ez-toc-section"></span><strong>Team</strong></h2>
<p><strong>Updating.</strong></p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped"></figure>
<h2><span id="Partners_Investors" class="ez-toc-section"></span><strong>Partners &amp;</strong>&nbsp;<strong>Investors</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79222" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 10" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154809.png" sizes="(max-width: 915px) 100vw, 915px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154809.png 915w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154809-300x161.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154809-768x411.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154809-750x402.png 750w" alt="baker THORChain" width="915" height="490" loading="lazy" data-id="79222" data-pin-no-hover="true" /></figure>
</figure>

Community And Backers

<h1 id="technical-data" class="has-luminous-vivid-orange-color has-text-color">Technical Data</h1>
<h2 id="token-metrics"><span id="Token_Metrics" class="ez-toc-section"></span><strong>Token Metrics</strong></h2>
<ul>
<li>Token Name:&nbsp;<strong>RUNE.</strong></li>
<li>Ticker:&nbsp;<strong>RUNE</strong></li>
<li>Blockchain:&nbsp;&nbsp;<strong>THORChain</strong></li>
<li>Token Type:&nbsp;<strong>Utility</strong></li>
<li>Total Supply:&nbsp;<strong>334,937,975</strong>&nbsp;RUNE.</li>
<li>Circulating Supply:&nbsp;<strong>330,688,061.33 RUNE (66%)</strong></li>
</ul>
<p>You can update the price of&nbsp;<strong>RUNE</strong>&nbsp;Token on&nbsp;<a href="https://coincu.com/" target="_blank" rel="noreferrer noopener">Coincu.com</a>&nbsp;right at:&nbsp;<a href="https://coincu.com/currencies/osmo-osmosis/" target="_blank" rel="noreferrer noopener">CLICK HERE</a></p>
<h2><span id="Token_Allocation" class="ez-toc-section"></span><strong>Token Allocation</strong></h2>
<ul>
<li><strong>Service nodes:</strong>&nbsp;500 million (220,447,472 RUNE post-burn) to reward network validators and liquidity contributors &ndash; 50%</li>
<li><strong>Operational reserves (THORChain company):</strong>&nbsp;130 million (65 million post-burn) to use for Staff incentives, other sales, and liquidity bootstrapping -13%</li>
<li><strong>Community reserves (RUNEVault):</strong>&nbsp;120 million (now 60 million) &ndash; 12%</li>
<li><strong>Team &amp; Advisors:</strong>&nbsp;100 million (now 50 million) &ndash; 10%</li>
<li><strong>Seed investors:</strong>&nbsp;60 million (now 30 million) &ndash; 6%</li>
<li><strong>Pre-Sale (Private Sale) investors:</strong>&nbsp;70 million &ndash; 7%</li>
<li><strong>Initial DEX Offering (IDO):</strong>&nbsp;7 million (of the 20 million offered in the sale, 13 million went unsold and were later burned) &ndash; 2%</li>
</ul>
<h2><span id="Token_Release_Schedule" class="ez-toc-section"></span><strong>Token Release Schedule</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649.png"><img class="wp-image-79211" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 6" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649.png" sizes="(max-width: 792px) 100vw, 792px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649.png 792w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649-300x222.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649-768x567.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-153649-750x554.png 750w" alt="What Is THORChain" width="792" height="585" loading="lazy" data-id="79211" data-pin-no-hover="true" /></a>
<figcaption></figcaption>
</figure>
</figure>
<h2 id="token-sale"><span id="Token_Sale" class="ez-toc-section"></span><strong>Token Sale</strong></h2>
<p>You can trade&nbsp;<strong>RUNE&nbsp;</strong>on Binance or FTX and some DEX:</p>
<p>Price today:&nbsp;<strong>$9.39</strong></p>
<p>ATH:&nbsp;<strong>$21.26</strong></p>
<p>More information at:<a href="https://coincu.com/currencies/rune-thorchain/" target="_blank" rel="noopener" data-type="URL" data-id="https://coincu.com/currencies/rune-thorchain/">&nbsp;<strong>CLICK HERE</strong></a></p>
<h2><span id="Token_Use_Case" class="ez-toc-section"></span><strong>Token Use Case</strong></h2>
<p><strong>RUNE&nbsp;</strong>serves a crypto-economic function within the THORChain system by providing incentives and deterrents for network participants. Some uses for RUNE&nbsp;include:</p>
<ul>
<li>Validators must stake RUNE to be part of the Validator Sets, which are subject to a lockup period to prevent nothing-at-stake attacks</li>
<li>All network transaction fees (gas or &ldquo;fuel&rdquo; for changing the protocol&rsquo;s ledger) are paid in RUNE. The network can require fees for executing transactions, trades, and cross-chain exchanges.</li>
<li>Staking RUNE in Continuous Liquidity Pools (CLPs) to earn liquidity fees</li>
<li>Block rewards for Validator Nodes are paid in RUNE</li>
</ul>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="Market_and_Community" class="ez-toc-section"></span>Market and Community</h1>
<h2><span id="Market" class="ez-toc-section"></span><strong>Market</strong></h2>
<p>As the number of users on blockchain networks grows, the need for cross-network liquidity likewise increases. Thorchain is a protocol that aims to meet this need by enabling the trading of crypto assets across various blockchains in a completely decentralized way without a third party ever taking control of the funds.</p>
<h2 id="community"><span id="Community" class="ez-toc-section"></span><strong>Community</strong></h2>
<p>THORChain has&nbsp;<a href="https://twitter.com/THORChain/followers" target="_blank" rel="noopener"><strong>160.6K</strong>&nbsp;Followers</a>&nbsp;on Twitter</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large is-style-default"><img class="wp-image-79217" title="What Is THORChain (RUNE) | The Leading Cross-Chain Decentralized Exchange 7" src="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154527.png" sizes="(max-width: 561px) 100vw, 561px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154527.png 561w, https://news.coincu.com/wp-content/uploads/2022/04/Screenshot-2022-04-07-154527-300x262.png 300w" alt="What Is THORChain" width="561" height="490" loading="lazy" data-id="79217" data-pin-no-hover="true" /></figure>
</figure>

Technical Data

<h1 id="verdict" class="has-luminous-vivid-orange-color has-text-color">Verdict</h1>
<p>The THORChain network represents a breakthrough in cross-chain decentralized exchanges. And the continuous liquidity pools open the door to features never before seen on a DEX, like market orders, leverage trading, peer-to-peer credit lending, limit orders, and others previously found only in centralized ecosystems.</p>
<p><strong>Find more information about Osmosis</strong>:</p>
<p><strong>Website:</strong>&nbsp;<a href="https://thorchain.org/" target="_blank" rel="noopener">https://thorchain.org/</a></p>
<p><strong>Twitter:&nbsp;</strong><a href="https://twitter.com/osmosiszone" target="_blank" rel="noreferrer noopener">https://twitter.com/THORChain</a></p>
<p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/thorchain_org" target="_blank" rel="noopener">https://t.me/thorchain_org</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Verdict 

RMRK

<h2>Team</h2>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1658383495162.image" /></p>
<h2>Backer</h2>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1658383543637.image" /></p>

Team & Backer

<p>With a team of experienced, well-known backers in the crypto market. In addition, the project follows the current attractive NFTs investment trend. Therefore, RMRK is a very potential project and worth following.</p>

Verdict

<h2>What Is RMRK Protocol?</h2>
<p>RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. The protocol runs on the Kusama blockchain.</p>
<p>$RMRK is the native utility token that is used for:</p>
<ul>
<li>currency in the RMRK metaverse(s).</li>
<li>preventing fungible token spam</li>
<li>curation in galleries *governance of platform-wide parameters *curation in RMRK-launched but not necessarily NFT-related products *collateral in DeFi protocols like Karura and others. *abstraction of the multi-chain architecture: using RMRK tokens to mint, trade, and generally interact with the NFTs in our ecosystem. *whitelabel of RMRK products and apps *use of $RMRK tokens to fund your account for use with applications like BadCall RMRK tools include:</li>
<li>RMRK tools to interact with NFTs on the command line and in web apps</li>
<li>RMRK spec to write your own implementation</li>
<li>RMRK pinning tools to pin for IPFS and regularly clean outdated pins from services like Pinata A standalone, embeddable renderer for RMRK2 composable NFTs&nbsp;</li>
</ul>
<h2>How does the project work?</h2>
<p>The project solved the problem of containing NFTs on Kusama. Due to the lack of smart contracts on the chain, the Kusama Network is not capable of hosting NFTs. But by attaching transaction information to a block, RMRK was able to solve this problem.</p>
<p>RMRK NFTs are allocated into collections. Each collection will have their contextualization. In addition, Kanaria is known as the first collection of the RMRK project with the theme of incubating eggs to give birth to different species of canaries. But these are not NFTs but simply still images. They come with extras and users can interact with them. This includes consumables and emojis. They allow protocols to be customized and the NFTs project will follow the Art Legos concept.</p>
<h2>Products of RMRK</h2>
<p>Kanaria: The debut official NFT collection is Kanaria, Kusama's Canaries, a limited set of NFTs represented as eggs from which different species of canaries will be hatched after a certain block. Depending on randomness from the blockchain itself and some external influence in the form of emojis (reactions) on the NFTs.</p>
<p>In particular, Kanaria is also a place to showcase the potential of next-generation NFTs through the RMRK 2.0 protocol.</p>
<p>The canaries hatched and were trading for ~5 million per month, with the most expensive being offered for 1250 KSM ($400,000 at the time).</p>
<p>Singular: is RMRK's official NFT Marketplace and Mint platform for early Kusama-native NFTs. Thanks to Singular, users can create their own unique NFTs in just a few simple steps without in-depth understanding of blockchain technology. In addition, users can sell NFTs directly on Singular exchange.</p>
<p>Singular has many typical features such as:</p>
<ul>
<li>Environmental friendliness.\</li>
<li>Low Tx fee.</li>
<li>Creaction on-chain on NFT</li>
</ul>
<h2>Roadmap</h2>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1658383284834.image" /></p>
<p>Read full Article: <a href="https://coincu.com/vi/currencies/rmrk-rmrk/stories/">CLICK HERE</a></p>

<h2>Token Metrics</h2>
<ul>
<li>Token Name: RMRK</li>
<li>Ticker: RMRK</li>
<li>Blockchain: Ethereum, Kusama, Moonriver</li>
<li>Token Standard: ERC-20</li>
<li>Contract: 0x471ea49dd8e60e697f4cac262b5fafcc307506e4</li>
<li>Token type: Utility</li>
<li>Total Supply: 9,500,000</li>
<li>Circulating Supply: 10,000,000</li>
</ul>
<h2>How Many RMRK Tokens Are There in Circulation?</h2>
<ul>
<li>$RMRK is a governance, staking, and collateral token launched on the Statemint chain. It will be fairdropped to all current and future Kanaria egg holders but can also be purchased as part of our seed round until May 31st.</li>
<li>Of the 10,000,000 $RMRK supply</li>
<li>88% of the tokens were fairdropped to the community who bought Kanaria eggs.</li>
<li>&nbsp;Out of the 11% remaining tokens</li>
<li>5% are locked for the founding team and the rest is loaned out to market makers for exchange liquidity. There is no inflation. There is no buyback program due to the immense utility of the token across the RMRK ecosystem.</li>
<li>Token sales (coming soon)</li>
<li>With RMRK, you can define a token sale and pre-allocate your project's token supply based on people's investments without needing smart contracts.</li>
<li>While there is indeed no automated distribution mechanic, i.e. the team will have to manually disperse tokens or build an interface for you to claim them, this trust factor is irrelevant since in traditional smart-contract based token sales you also trust the team to do something with the money and bring value to the token you purchased.</li>
</ul>

Techinical Data

<div class="sc-16r8icm-0 kjciSH contentClosed hasShadow">
 <div>
  <div>
   <div class="sc-2qtjgt-0 eApVPN">
    <div>
     <h2 id="what-is-rmrk-protocol-rmrk">
      What Is RMRK Protocol (RMRK)?
     </h2>
     <p>
      RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. The protocol runs on the Kusama blockchain.
     </p>
     <p>
      $RMRK is the native utility token that is used for:
     </p>
     <ul>
      <li>
       currency in the RMRK metaverse(s).
      </li>
      <li>
       preventing fungible token spam
      </li>
      <li>
       curation in galleries
*governance of platform-wide parameters
*curation in RMRK-launched but not necessarily NFT-related products
*collateral in DeFi protocols like Karura and others.
*abstraction of the multi-chain architecture: using RMRK tokens to mint, trade, and generally interact with the NFTs in our ecosystem.
*whitelabel of RMRK products and apps
*use of $RMRK tokens to fund your account for use with applications like BadCall
      </li>
     </ul>
     <p>
      RMRK tools include:
     </p>
     <ul>
      <li>
       RMRK tools to interact with NFTs on the command line and in web apps
      </li>
      <li>
       RMRK spec to write your own implementation
      </li>
      <li>
       RMRK pinning tools to pin for IPFS and regularly clean outdated pins from services like Pinata
      </li>
      <li>
       A standalone, embeddable renderer for RMRK2 composable NFTs
      </li>
     </ul>
     <h2 id="how-many-rmrk-tokens-are-there-in-circulation">
      How Many $RMRK Tokens Are There in Circulation?
     </h2>
     <p>
      Of the 10,000,000 $RMRK supply, 88% of the tokens were fairdropped to the community who bought Kanaria eggs.
     </p>
     <p>
      Out of the 11% remaining tokens, 5% are locked for the founding team and the rest is loaned out to market makers for exchange liquidity. There is no inflation.
There is no buyback program due to the immense utility of the token across the RMRK ecosystem.
     </p>
     <h3 id="who-are-the-founders-of-rmrk">
      Who Are the Founders of RMRK?
     </h3>
     <p>
      RMRK was started in August 2020 by Web 3 Foundation's then-technical educator Bruno Škvorc. The team was expanded to a team of 4 in February of 2021 and registered as a Swiss Verein. Yuri Petusko, Ilia Dvornikovs, Yuri Girjanskis, and Bruno together composed the specification and tools for RMRK and RMRK 2.0, which is now the basis of the most advanced NFT system in the world.
     </p>
     <h3 id="where-can-i-buy-rmrk">
      Where Can I Buy RMRK?
     </h3>
     <p>
      RMRK is scheduled to be available on Kucoin in late September of 2021
     </p>
    </div>
   </div>
  </div>
 </div>
</div>

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