It’s an open truth that there are thousands of decentralized exchanges available in the crypto market. Among all, Thorchain stands out from the competition. Thorchain is powered by its native token – RUNE.
If you’re a newbie, you might be wondering what is Thorchain? What’s special about it? Let’s have a look at Thorchain now.
Page Contents
What is Thorchain (RUNE)?
Thorchain was created by an anonymous developer’s team during the Binance hackathon in 2018.
Thorchain and Uniswap work almost similarly. But the only difference is Thorchain is a multi-chain platform. Thorchain is an independent blockchain designed with Cosmos SDK. This Cosmos SDK will serve Thorchain as the multi and cross-chain decentralized exchange. Interesting right? Yes! The platform uses the AMM model, which resembles the starting iteration of the BNT, Uniswap, etc.
Thorchain’s digital tokens are considered as the “Swap pair”. It means, traders can swap their digital tokens or switch between multiple asset pools. The platform allows everyone around the globe to trade their assets with each other in just a fraction of seconds. Also, all the trading is performed in a decentralized and trusted way. Thorchain allows investors to make money or earn yield with their tokens and other digital assets. Most importantly, traders don’t need to worry about custodians and wrapping.
Similar to other cryptocurrencies, Thorchain also uses the proof-of-stake algorithm. Here the node operators can earn Thorchain (RUNE) crypto coins for securing and validating all the swaps. Keeping it simple, RUNE is the powerful utility cryptocoin that is specially used for multiple purposes ranging from governance to bonding.
Is Thorchain (RUNE) a profitable investment?
The current value of Thorchain (RUNE) is $8.72. According to analysis, investors can earn around 207.2% as returns. It is expected to reach $26.81 in a short period.
The key plan of Thorchain is to cover every aspect of decentralized finance, lending, borrowing and other important services around several blockchains. Thorchain also adds services for a few popular crypto’s such as Dogecoin, Monero and Zcash when required. The demand for the Thorchain token will increase at the end of 2022. This will lead to earning maximum gains for all the Thorchain holders.
Thorchain is a non-profit organization. It means,\ the platform doesn’t earn any profits. All the fees that are generated by the Thorchain protocol will be handover to its users directly. On the other hand, their team doesn’t have any sort of provisions. Instead, Thorchain team members are incentivized to hold Thorchain (RUNE) tokens, just like others.
Thorchain tokens are available on popular blockchain platforms such as Binance Chain, Ethereum and more.
Thorchain (RUNE) tokenomics
There are 278 million RUNE tokens in circulation. The total supply of RUNE tokens is over 535 million. During the initial launch of Thorchain, 20 million tokens were sold to IEO.
As per Binance decentralized exchange proposal, over 10% of Thorchain’s total supply was allotted to its team members. The emission curve of the Thorchain starts at 30% APR.
What will Thorchain (RUNE) Worth in 2021 Price Prediction?
Thorchain (RUNE) Price Prediction forecasted to reach $8.8
What will Thorchain (RUNE) Worth in 2022 Price Prediction?
Thorchain (RUNE) Price Prediction 2022 forecasted to reach $19.11
What will Thorchain (RUNE) Worth in 2023 Price Prediction?
Thorchain (RUNE) Price Prediction 2023 forecasted to reach $26.81
What will Thorchain (RUNE) Worth in 2024 Price Prediction?
Thorchain (RUNE) Price Prediction 2024 forecasted to reach $54.78
What will Thorchain (RUNE) Worth in 2025 Price Prediction?
Thorchain (RUNE) Price Prediction 2025 forecasted to reach $98.25
What will Thorchain (RUNE) Worth in 2026 Price Prediction?
Thorchain (RUNE) Price Prediction 2026 forecasted to reach $170.78
What will Thorchain (RUNE) Worth in 2027 Price Prediction?
Thorchain (RUNE) Price Prediction 2027 forecasted to reach $120
What will Thorchain (RUNE) Worth in 2028 Price Prediction?
Thorchain (RUNE) Price Prediction 2028 forecasted to reach $186
What will Thorchain (RUNE) Worth in 2029 Price Prediction?
Thorchain (RUNE) Price Prediction 2029 forecasted to reach $210
What will Thorchain (RUNE) Worth in 2030 Price Prediction?
Thorchain (RUNE) Price Prediction 2030 forecasted to reach $340
What will Thorchain (RUNE) Worth in 2035 Price Prediction?
Thorchain (RUNE) Price Prediction 2035 forecasted to reach $546
What will Thorchain (RUNE) Worth in 2040 Price Prediction?
Thorchain (RUNE) Price Prediction 2040 forecasted to reach $810
What will Thorchain (RUNE) Worth in 2045 Price Prediction?
Thorchain (RUNE) Price Prediction 2045 forecasted to reach $1025
What will Thorchain (RUNE) Worth in 2050 Price Prediction?
Thorchain (RUNE) Price Prediction 2050 forecasted to reach $1428
Wrapping up
Thorchain is the effective layer-1 protocol. The platform allows traders to easily transfer their coins from one blockchain to another blockchain instantly. Traders do not need to bother about the security, all the transactions are conducted in a secured way. The platform plays a key role in cross-chain decentralized exchanges for future projects. Thorchain tokenomics are pretty impressive. The demand for cryptocoin RUNE will grow exponentially. This will lead to an increase in the value of the coin.
