Top crypto fund on Iconomi in the last three months. By far! 🔥
I'll do my best to keep the pace!
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.
Here you can read and comment on all posts made by Strategists about THORChain RUNE. See all THORChain price predictions in real time and make the best use of their crypto knowledge.
Meanwhile, Thorchain launched its highly anticipated lending product. In anticipation of the launch, we have yesterday added $RUNE to our structure👀
We had our eyes on $RUNE for some time but wanted to see them fix the smart contract vulnerabilities before adding it to our structure. The project does have a track record of security breaches due to its complexity, but it looks like they have learned something from their past mistakes.
Overall, $RUNE has huge potential as it's one of the most innovative projects in crypto offering cross-chain swaps and now lending/borrowing. Apart from that, the token just became deflationary, which is one of the main reasons why we added it to our structure✅
THORChain (RUNE) price history shows the highest value of 20.26 USD . We recorded this price on May 19, 2021, but we cannot exclude that a higher price was registered before August 19, 2020.