THORChain Price（RUNE）USD

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THORChain (RUNE) is the native token that powers the THORChain ecosystem and provides the economic incentives required to secure the network economically. RUNE has four key roles which are described below:

1.Liquidity (as a settlement asset)

2.Security (as a sybil-resistant mechanism, and a means for driving economic behaviour)

3.Governance (signalling priority on-chain)

4.Incentives (paying out rewards, charging fees, subsidising gas)

What Is THORChain And How Does It Work?

THORChain is an independent blockchain that operates as a Layer 1 cross-chain decentralised exchange (DEX). Built using the Cosmos SDK, THORChain enables the exchange of assets across disparate blockchains in a non-custodial manner. THORChain is the backend for many user interfaces.

Thorchain functions similarly to Uniswap, the most popular decentralized exchange (DEX) on Ethereum. The major difference is RUNE can be swapped against any token; the protocol uses the coin to trade in and out of the liquidity pools provided by its users.

What Wallet Can I Use with THORChain And Native RUNE?

Many wallets work with THORChain. Two community created ones are:

THORWallet – https://thorwallet.org/

XDEFI – https://www.xdefi.io/

Other wallets include:

Trust Wallet

Keystore Ledger

BEP-2 and ERC-20 RUNE can be stored in many popular wallets like Trust Wallet, Ledger, Safepal etc.

Where Is RUNE Issued?

During its original distribution phase, RUNE was issued on BNB chain. That’s why today you’ll see the most most liquidity for RUNE on exchanges as BNB.RUNE. Later ETH.RUNE was issued in order to provision liquidity on Sushi.

As THORChain rolled out multi-chain, native RUNE known as THOR.RUNE became available. Native THOR.RUNE is issued on its own chain, and is exclusively available via THORChain interfaces. If you buy BNB.RUNE off an exchange, or ETH.RUNE via a DEX, you can convert your BNB.RUNE or ETH.RUNE to native THOR.RUNE via THORChain interfaces.

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