RUNE
THORChainUSD 5.14
as of 2024-10-15 14:40:02 UTC
What
What is THORChain (RUNE)?
RUNE is the token of the THORChain decentralized finance (DeFi) platform, built on the Binance Smart Chain. It is used as a liquidity and governance token, allowing holders to provide liquidity to pools in exchange for fees, as well as to vote on the future direction of the network. The goal of THORChain is to create a decentralized, cross-chain liquidity network that enables users to swap cryptocurrencies without having to leave the security of their own wallet.
Why
Why was THORChain (RUNE) invented?
RUNE was created as part of the THORChain decentralized finance (DeFi) platform. THORChain was built to address the limitations of centralized exchanges, such as a single point of failure and the possibility of theft or mismanagement of users' assets. The platform aims to create a decentralized, cross-chain liquidity network that enables users to swap cryptocurrencies without having to leave the security of their own wallet. RUNE serves as a key component of this vision, acting as both a liquidity and governance token. Holders of RUNE can provide liquidity to pools in exchange for fees, and can also participate in governance decisions that shape the future of the network. The creation of RUNE and the THORChain platform is intended to drive greater decentralization, security, and user control in the world of cryptocurrency trading.
Who
Who created THORChain (RUNE)?
RUNE was created by a team of developers and researchers under the project name "THORChain". The exact identities of the individuals behind the project are not publicly disclosed. The THORChain project is an open-source, community-driven effort, with contributions from developers, designers, and other stakeholders in the cryptocurrency ecosystem. The goal of the project is to create a decentralized, cross-chain liquidity network that empowers users to take control of their assets and participate in decentralized finance (DeFi) in a secure and user-friendly manner.
When
When was THORChain (RUNE) launched?
2020
Where
Where can you buy/invest in THORChain (RUNE)?