THORChain (RUNE)
| Market Cap | $18,479 |
|---|---|
| Trading Volume | $0.00000000 |
| Volume / Market Cap | 0.00000000 |
| Total Supply | 13,517 RUNE |
| Max Supply | 22,530 RUNE |
THORChain is currently trading at $1.5694, after a price change of 6.80% in the last 24 hours.
Ranked as cryptocurrency #2379 by capitalization today, RUNE market cap is valued at $18,479. RUNE trading volume reached $0.00000000 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on RUNE coin price prediction page.
What is THORChain?
THORChain is a decentralized, non-custodial liquidity platform maintained by nodes. When tokens enter the platform, all the nodes participate in transaction validation. When they leave, fewer nodes are involved in enhancing faster transaction speeds. The role of a node is open to anyone who sends RUNE tokens into the main vault in a process called bonding.
RUNE is the native token of THORChain. There are 258,210,215.14 circulating, a total supply of 461,668,422, and a hard cap of 500,000,000. RUNE powers the network transactions, while the liquidity providers make the governance decisions.
To ensure that trading will always be available, no single individual controls the network. Validator nodes are sometimes removed from the ecosystem, and others are brought in, also called cycling. The nodes that exit receive their bond back and incentives for maintaining the network.
THORChain was started in 2019 via an IDO on the Binance DEX. The platform is operated by unknown individuals.