Buy THORChain (RUNE)
What is THORChain?
THORChain is a decentralised cross-chain liquidity protocol that allows users to exchange tokens from different blockchains such as Bitcoin and Ethereum, without the need for intermediaries. It aims to enhance interoperability and liquidity within the cryptocurrency market by enabling seamless and non-custodial cross-chain swaps.
How does THORChain work?
THORChain operates by utilising continuous lending pools where supported cryptocurrencies are deposited alongside its native token, RUNE. This setup facilitates the cross-chain exchange of non-native tokens. It employs the Tendermint consensus engine and Cosmos-SDK for network management and uses the GG20 Threshold Signature Scheme (TSS) for enhanced security.
What are the potential use cases for THORChain?
THORChain can be used as a decentralised protocol for cross-chain liquidity, allowing seamless asset swaps between different networks. It also serves as a DeFi bridge for exchanging cryptocurrencies, supports staking and lending within liquidity pools, and enables instant double-swaps for non-native crypto assets. It has been integrated into applications like ShapeShift and Synthetix, illustrating its real-world utility across various industries including decentralised finance and cryptocurrency trading.
What is the history of THORChain?
THORChain was founded on June 1, 2018, by John-Paul Thorbjornsen and his team. Significant milestones include the launch of its mainnet in June 2022, deployment of THORNames, and various integrations with other networks such as Cosmos and Avalanche. The latest updates include the addition of the BNB Smart Chain and a hard fork upgrade to improve network security. Over the years, THORChain has evolved to become a pivotal player in the DEX landscape, supporting a wide array of cryptocurrencies and enhancing its technological framework for trustless cross-chain asset swaps.
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Frequently Asked Questions (FAQs)
What is the current price of THORChain (RUNE)?
The THORChain price is $8.5175 AUD, representing a +10.67% from the day prior.
Where is the best place to buy THORChain (RUNE) in Australia?
The best place to buy THORChain (RUNE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell THORChain (RUNE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of THORChain (RUNE)?
The trading volume of THORChain (RUNE) is $628.1M AUD in the last 24hrs, representing a +10.67% from the day prior.
How can I buy THORChain (RUNE)?
THORChain (RUNE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of THORChain (RUNE)?
The current market cap of THORChain (RUNE) is $2.9B AUD.
Can I convert THORChain (RUNE) to cash?
Yes - With Coinstash you can convert your THORChain (RUNE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many THORChain (RUNE) are there?
The current circulating supply of THORChain (RUNE) is 344.1M.
Is Coinstash a safe place to buy THORChain (RUNE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling THORChain (RUNE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.