Buying THORChain (RUNE) is easy!

Why buy THORChain (RUNE)?

Buying THORChain (RUNE) might be the right choice if you believe in this project’s mission to enable the exchange of cryptocurrencies from different blockchains. THORChain is, in fact, the basic infrastructure that supports the multi-chain decentralised exchange (DEX) THORSwap.

The RUNE token is the core of the entire THORChain ecosystem, an environment in which digital assets can flow freely between different networks. Owning and therefore buying RUNE is necessary to use the network, as it is the only means to support the payment of transaction fees and the main component of liquidity pools. In addition, RUNE is also the protocol’s governance token, to be owned if one wishes to have a say in the future decisions of THORChain and its flagship product THORSwap.

What it is?

To decide whether to buy THORChain, it is essential to know how it works. As already mentioned, this protocol was created with the aim of overcoming the barriers between the different networks that make up Web3 through an infrastructure that allows for fast, secure and decentralised exchanges.

THORChain is, to all intents and purposes, a Layer 1 blockchain via the popular Cosmos decentralised network development tool (SDK). The network’s security is guaranteed by a Proof-of-Stake consensus mechanism. This means that the network’s validator nodes stake their RUNE tokens to guarantee security.

The genesis of THORChain is shrouded, at least in part, in mystery. The founders chose to remain anonymous so as not to centralise attention and power around specific figures. The protocol was launched in 2018 and raised more than $500 million from a large number of investors through an Initial Coin Offering (ICO) that took place in 2019.