THORChain is a distributed exchange that has a number of special features, such as continuous liquidity pools and an ability to create cross-chain liquidity pools. According to the White paper, THORChain is determined to provide a non-custodial, connected, and distributed way to exchange digital assets. It started on the Binance Chain, however, in the future there is a plan to migrate to its own blockchain.
RUNE is a native token of THORChain. It is used as a reward for users who stake their tokens into a liquidity pool. Users can earn fees from tokens accumulated in the pool. RUNE is created to run the economy within the network.
RUNE statistics
Here is the RUNE crypto statistics from the CoinMarketCap service:
THORChain Roadmap
THORChain is a very young project.
- The public testnet was launched in early 2020. At this stage 60,000 RUNE were distributed among the top 10 users and users who build products on the blockchain.
- ChaosNet
This stage supposes around 600k RUNE staked and from 6 to 12 pools available for swaps, 12 active nodes. - Mainnet Launch
Mainnet will support the Binance Chain, and will be created for Ethereum and Bitcoin. Mainnet will have an unlimited possibility to stake RUNE and will be completely decentralized. - Asgard Wallet
The wallet will be launched at the same time as Mainnet; it will support Binance assets. The support of ETH and BTC will follow.
Crypto community about THORChain
In spite of the difficulties that THORChain has experienced lately, its community has been extremely supportive and understanding.
This shows how extremely loyal the community is and also shows the trust users give to the project.
RUNE Price Prediction 2021
Let’s take a look at the predictions analysts make for the future of RUNE.
RUNE Historical Price Analysis
As of November 12, 2021:
All Time High (May 19, 2021): $21.26
All Time Low (Sept 27, 2019): $0.007
The beginning of November 2021 was marked by a sudden fall in the price. It happened because of the technical issues that occurred during the launch of the $THOR token. However, generally RUNE price has been in a bullish trend since the beginning of 2021. The upgoing trend is definitely a result of the devoted teamwork as well as active communication with the THORChain community.
The THORChain project proved itself to be a reliable network that is ready to acknowledge the worries of the community. The RUNE token price has been growing since it was issued, which shows that users put their trust into the project. So this is one of the projects that are interesting to track and learn more about.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
