Buy THORSwap (THOR)
What is THORSwap?
THORSwap is a multi-chain decentralized exchange (DEX) aggregator built on THORChain's cross-chain liquidity protocol. It serves as the primary interface for accessing THORChain services, enabling users to perform cross-chain swaps between native assets across multiple blockchains in a decentralized and non-custodial manner.
How does THORSwap work?
THORSwap functions by leveraging the THORChain liquidity network, which utilizes the automated market maker (AMM) model to facilitate cross-chain asset swaps. It operates nodes for different blockchains to validate and execute swaps securely using threshold signature schemes (TSS), ensuring that assets can be moved between blockchains without wrapping or pegging. THORSwap does not require smart contract interaction for swaps, simplifying the transaction process.
What are the potential use cases for THORSwap?
- Cross-Chain Trading: Enables trading of native assets across multiple blockchains without custodial risk.
- Liquidity Provision: Allows users to contribute liquidity and earn yield through on-chain mechanisms.
- Yield Farming: Offers yield on Layer 1 assets via THORChain's Savers Vaults feature.
- Multi-Sig Wallet Management: Provides tools for creating and managing multi-signature wallets.
- Cross-Chain Development: Offers SDK tools for developers to build cross-chain applications.
These use cases primarily benefit the decentralised finance (DeFi) sector and cryptocurrency trading by providing efficient cross-chain interaction and liquidity.
What is the history of THORSwap?
THORSwap originally began as BEPSwap, focusing on Binance Chain’s BEP2 token standard. It transitioned to THORChain’s Multi Chain Chaos Net, becoming a cross-chain DEX aggregator. Since its establishment in 2021, THORSwap has facilitated significant trading volumes and experienced substantial growth in both technology and market presence. Key milestones include the transition from BEPSwap, integration with THORChain, and achieving significant Total Value Locked and trading volume figures. The THOR token also saw a notable increase in value, highlighting its impact within the crypto community.
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Frequently Asked Questions (FAQs)
What is the current price of THORSwap (THOR)?
The THORSwap price is $0.24781211 AUD, representing a -7.48% from the day prior.
Where is the best place to buy THORSwap (THOR) in Australia?
The best place to buy THORSwap (THOR) 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 THORSwap (THOR) 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 THORSwap (THOR)?
The trading volume of THORSwap (THOR) is $141.5K AUD in the last 24hrs, representing a -7.48% from the day prior.
How can I buy THORSwap (THOR)?
THORSwap (THOR) 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 THORSwap (THOR)?
The current market cap of THORSwap (THOR) is $47.8M AUD.
Can I convert THORSwap (THOR) to cash?
Yes - With Coinstash you can convert your THORSwap (THOR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many THORSwap (THOR) are there?
The current circulating supply of THORSwap (THOR) is 195.2M.
Is Coinstash a safe place to buy THORSwap (THOR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling THORSwap (THOR) 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.