THORChain current price is €0.00000.

Technical analysis, backgrounds and info on this crypto coin

Besides THORChain (RUNE) is one of the best cryptocurrencies (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the THORChain (RUNE) price. Of course you can trade and/or invest in THORChain (RUNE) as well. On this page you'll find basic statistics and characteristics of THORChain (RUNE). Furthermore you'll find info regarding the THORChain (RUNE) price, basic technical analysis and a brief explanation of the story of THORChain (RUNE)

Current THORChain (RUNE) price

Please see below the THORChain price chart as provided by our home broker.

Of course, you can start investing or trading directly bij opening an account with Bitvavo. In case you don't know how to open an account with Bitvavo, please download our manual here.

Onchain Metrics THORChain (RUNE)

If you want to perform a technical analysis of THORChain and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.

These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.

Furthermore, we provide you with the price chart and historical data for THORChain (RUNE) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on THORChain.

The THORChain agenda

In order to provide you with an accurate overview of coming THORChain agenda items and events, you'll find our THORChain agenda below.

If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.

What is THORChain?

THORChain is building a chain-agnostic bridging protocol that will allow trustless and secure value-transfer connections with most other chains (such as Bitcoin, Ethereum, Monero and all of Binance Chain). Users will be able to instantly swap any asset at fair market prices and deep liquidity. Token holders will be able to stake any asset and earn on liquidity fees. Projects will be able to access manipulation resistant price feeds and accept payments in any currencies, no matter the type or liquidity.

Origin of THORChain?

The THORChain project was founded in 2018 under the premise that the use of centralized exchanges to transfer cryptoassets between different blockchains was flawed. Non-custodial exchanges, otherwise known as decentralized exchanges (DEXs), were the long-term solution. Therefore, the THORChain team set out to build an independent blockchain that could bridge to external networks and thus facilitate cross-chain transfers, functioning similarly to a DEX.

What is the purpose of THORChain (RUNE)?

THORChain is an independent cryptonetwork that aims to enable the exchange of 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. THORChain also uses an adapted version of Bancor's "smart tokens," which it calls Continuous Liquidity Pools (CLPs), to facilitate the exchange of assets. The key 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.

THORChain (RUNE) nowadays

THORChain also distributes rewards in the form of RUNE (the network's native token) to any user that adds tokens to a liquidity pool. At the same time, token owners can stake their assets and earn the fees accumulated from other users accessing the pool.
THORChain is a Tendermint-based chain, and therefore uses Tendermint BFT (Byzantine Fault Tolerance) as its consensus mechanism. It also employs Proof-of-Stake (PoS) for Sybil resistance. As part of the PoS element, a system of validators can stake RUNE tokens to run network nodes and validate transactions. THORChain allows token holders to delegate to these validators, which keeps validators in check and permits delegators to a portion of each block reward.
The project is working towards launch its mainnet at some point in 2020. It is also building a Uniswap-like decentralized exchange on Binance Chain, called BEPSwap.

The future of THORChain (RUNE)

THORChain empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. We are committed to open source software and building on the decentralized web

Further technical analysis of this coin

For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock. 

Do you want to trade in this crypto?

If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.

Price chart

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Historical data

Disclaimer

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