What Exactly Is Thorchain? (RUNE)

Thorchain is an independent blockchain built using the Cosmos SDK to serve as a cross-chain decentralized exchange (DEX).
It uses an automated market maker model similar to that of the first iterations of Bancor (BNT) or Uniswap. Here, THORChain’s native token (RUNE) will be the base swap pair.
This model allows traders to move between asset pools using RUNE as a somewhat hidden intermediary. In addition, it also rewards liquidity providers (LPs), those that deposit or “stake” assets on either side of a liquidity pool, with a portion of trading fees.

What Is Thorchain's Mission?

Thorchain facilitates crypto-asset swaps on an independent crypto network that aims to exchange assets across disparate blockchain networks in a non-custodial manner.
Its protocol features a cross-chain bridge system (known as the Bifröst Protocol) to connect different chains.
Also, THORChain uses an adapted version of Bancor’s “smart tokens,” which it calls Continuous Liquidity Pools (CLPs), to facilitate the exchange of assets.
So, the critical difference is that CLPs reward users for contributing to the liquidity in each pool.
THORChain features a native token, RUNE, that owners can use to participate in the network or add to a liquidity pool.

Where Can I Buy RUNE?

If you’re looking to diversify your portfolio by adding some RUNE look no further. You can easily purchase and sell trusted cryptocurrencies instantly at all of our nationwide Bitcoin kiosk locations. All you need to bring is cash, a valid identification, your smartphone. We will supply the crypto and good vibes.

Get ahead of the game by DOWNLOADING BYTE WALLET

Explain RUNE

Want to know about our offers first?

Subscribe our newsletter