THORChain RUNE
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Score Sentiment Neutral
Fundraising Statistics
$0.42 -1.08%
$0.032
Delphi Digital (Delphi Labs... Tier 1
IDEO CoLab Ventures Tier 1
Multicoin Capital Tier 1 RUNETHORChain
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Ethereum
Short Review THORChain
Crypto project THORChain (RUNE) is classified as a Blockchain Service. THORChain is a Utility token that is hosted on the BSC (BEP-20) Network. The current total supply is 500.00 M RUNE (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $700,000 (2% of total tokens) have been allocated for the public sale.
THORChain ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 20 July 2019. THORChain (RUNE) price during the token sale: 0.032 USD. You can purchase project tokens for BNB
RUNE Price Chart
The launch of RUNE token trading took place on 23 July 2019.
Fundraising Rounds
Total sold 103.00 M RUNE tokens (0.21% of total tokens). Total amount of funds raised by the THORChain project is $6.18 M.
| Investment Round | Date | Price | Funds Raised |
| Equity Funding | October 2021 | -- | $3.75 M |
| Binance Launchpad | July 20, 2019 | $0.032 | $224,000.00 |
| Private Sale | July 2019 | $0.023 | $1.61 M |
| Seed | December 2018 | $0.02 | $600,000.00 |
THORChain Investors
Delphi Digital (Delphi Labs) Tier 1 IDEO CoLab Ventures Tier 1 Multicoin Capital Tier 1Cryptocurrency ThorChain (RUNE)
THORChain is a distributed exchange service . The main goal of the project is to decentralize cryptocurrency liquidity through a network of public nodes and the THORChain ecosystem. One of the key ideas of this exchange is access to cross-blockchain liquidity pools, which should be available to everyone, including institutions. Another exciting feature currently being worked on is a non-custodial, distributed and connected way to exchange digital assets of any type. The THORChain ecosystem creates a solid foundation for the project. It is community driven and gives members a number of valuable tools that they can feel comfortable with, such as Arbitrageur tools and insurance.
RUNE is THORChain's native token. It performs several functions such as providing liquidity, security, governance and use for incentives and issues. The more token holders provide liquidity, the more rapidly growing and stable THORChain becomes. Thus, by the number of tokens permanently locked in the system, newcomers can assess the trust of participants in the platform. RUNE was initially released on the Binance blockchain (BNB.RUNE), later ETH.RUNE appeared on the Ethereum blockchain. Native THOR.RUNE is now available. It was released on its own network.
History of the ThorChain project
The idea of the THORChain project appeared in 2018. The launch of the main network took place in 2021. The team behind the projects remains anonymous, which should be a sign of true decentralization. And this is one of the key factors for the future success of THORChain.
Benefits of THORChain (RUNE)
- Easy to use. This platform provides an easy-to-use exchange service. The exchange of assets is non-custodial in nature. High and constant liquidity eliminates the need to search for buyers and sellers.
- Cross-bridges available. THORChain provides cross-chain bridges that promote market liquidity.
- Liquidity Pools THORChain has developed unique liquidity pools; Over 80% of RUNE tokens are locked in pools, making the network highly efficient.
- The network is powered by Tendermint. Tendermint allows users to create their own blockchains and applications.
- Security. To avoid attacks and failures, the THORChain network uses Byzantine Fault Tolerance consensus and the Proof-of-Stake algorithm.
Disadvantages of THORChain (RUNE)
- A young project. Since the project does not have a long history, it may seem unreliable. At the same time, the team strives to create something completely unique. The combination of these things can lead to a certain level of instability.
- No management team. The idea of "no management team" was stated by the developers as the key to the success of the project. However, some users may regard this as a significant drawback.
