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What is THORChain all about
THORChain is a cross-chain solution which provides a complete range of decentralized exchange services. THORChain is a liquidity protocol which connects multiple blockchain assets at a single marketplace using cross-chain bridges and liquidity pools. Using these bridges, users can swap multiple blockchain assets with each other.
THORChain’s liquidity pools are made with the combination of RUNE tokens and other assets. RUNE is the native token of THORChain’s ecosystem. RUNE token has a total supply of 500 million tokens.
THORChain is built with Proof-of-Stake (PoS) consensus mechanism on Tendermint. THORChain’s network is powered by ThornNode which also secure and oversee network data using Midguard APIs.
THORChain has two main participants - users and liquidity providers. Users use cross-chain swaps and pay fees for their trades. Liquidity providers add liquidity to various liquidity pools bound with RUNE token in separate vaults. These providers then earn rewards and fees on every swap which happens in listed bonded pairs.
These bonding of transactions, creation of vaults, and production of blocks after validating transactions are done by Nodes. Two-third of the network’s income are earned by these nodes. These nodes are created every 3 days, which then compete to enter with their stakes. Old nodes are eliminated and this way, network always stays fresh.
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RUNE Questions & Answers
Currently, what is the price of THORChain?
Price of THORChain today is at 1.72 Euro.
When did THORChain reach its peak?
THORChain was the most expensive on 2021-05-19, at 17.07 EUR.
What will THORChain cost 90 days from now?
In accordance with our short term price prediction we expect the cost of THORChain is likely going to be between €0 and €2.65 in three months time.
What will the price of THORChain be half year from now?
In the long run, it is very hard to predict accurately, however on the basis of our price prediction we expect THORChain's value will reach between €0 and €2.65 half year from now.
What will THORChain be worth in 1 month time?
Based on our price prediction, we suspect the cost of THORChain will be anywhere between €0 and €2.60 1 month from now.
Does THORChain have a large following on online?
11388 people engaged in discussing THORChain online on Reddit in the last 48 hours. THORChain's Twitter handle is currently followed by 186466 users.
10 days THORChain price forecast
Long term THORChain price prediction