The THORChain crypto protocol allows users to exchange assets across blockchain networks using decentrilized liquidity. It supports an ecosystem of services and products which use the THOR crypto network's cross-chain infrastructure. Cross-chain swaps are made possible through platforms like THORSwap, the first multichain DEX that uses THORChain's network as a front-end interface. Users can select the two assets they want to swap using THORSwap, and the protocol automatically determines the costs depending on network activity.
Powering the THORChain network is the THORChain coin RUNE. Each asset in the platform's liquidity pools has a matching token called RUNE that goes along with it. In this way, RUNE contributes to the network's utility and value by acting as the second token that users deposit in the liquidity pool to conduct transactions against. Additionally, RUNE is employed to protect the THORChain network, collect fees, and serve as a foundation for governance.
How To Buy THORChain or Add it to your Strategy
The fastest, most convenient way to purchase THORChain is to purchase it on ICONOMI. We check THORChain live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy THORChain by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if THORChain is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy THORChain, we recommend you read the next section, as copying might be a better approach.
Add THORChain to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the βtickerβ filter to find out which public Crypto Strategies have THORChain in their structure.
πmuch appreciated, thank you!