The live price of THORChain is лв per (RUNE / BGN) with a current market cap of лв . 24-hour trading volume is $ BGN. RUNE to USD price is updated in real-time. THORChain is in the last 24 hours with a circulating supply of .
THORChain was initially developed in 2018 during a Binance-sponsored coding competition called Dexathon. After a beta release in 2018, the network transitioned in April 2021 and launched its full mainnet in June 2022.
RUNE powers the entire THORChain ecosystem. It's mainly used as the base asset to swap any digital asset on the platform. Additionally, RUNE plays a key role in network governance and is used for staking and bonding within THORChain.
RUNE bonding is when RUNE is locked alongside other assets in the ecosystem to provide liquidity. For example, if $1 million worth of BTC is pooled by liquidity providers, an equivalent $1 million in RUNE will also be locked in, ensuring balanced liquidity and supporting the network.
THORChain uses a Layer 1 blockchain with Tendermint and Threshold Signature Schemes (TSS). It employs a Byzantine Fault Tolerance (BFT) consensus mechanism, which helps isolate malicious nodes and prevents them from taking over the network, ensuring the system stays secure and continues operating smoothly.
THORChain doesn’t have a CEO or a formal group of founders. The project is managed by a largely anonymous team, and all development is organized through Gitlab, allowing the community to contribute to the future of THORChain.
RUNE has a max supply of 500 million tokens, and as of now, around 327 million tokens are in circulation.
THORChain stands out because it’s an independent Layer 1 network, unlike many others that rely on Layer 2 protocols. By using RUNE, THORChain can connect and pool assets from other Layer 1 blockchains, making it super versatile.
You can buy RUNE directly on EXMON with a debit or credit card. You can also trade other cryptos for RUNE on the exchange. For real-time price updates and more info on how to buy, check out the How to Buy THORChain (RUNE) Guide.
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