THORChain is a decentralized liquidity protocol that enables users to swap assets across different blockchains without relying on centralized exchanges.

What are the technical characteristics of THORChain?

THORChain is a programmable layer 1 protocol that supports the creation of decentralized applications (dApps) and smart contracts.

What are the risks associated with transferring THORChain?

Users should verify the contract address before transferring assets and ensure secure handling of private keys.

How can I verify my acquisition of THORChain?

Verify the asset name and network before transferring and review the custody method.

Where can I find official resources for THORChain?

Official resources for THORChain can be found at its website, technical documentation, and source code repositories.

THORChain (RUNE)

Rank #144

Market snapshot

Price: $0.428825
Market cap: $145.0M
24h volume: $8.0M
Circulating supply: 338,162,934
Total supply: 354,035,901
Max supply: 354,196,525

What is THORChain?

THORChain is a decentralized liquidity network that allows users to swap assets across various blockchains. It operates as a layer 1 protocol, enabling the creation of decentralized applications (dApps) and smart contracts. Users can interact with the network directly from their self-custody wallets, providing a means to engage with the protocol without relying on centralized entities.

Key information

Symbol: RUNE
CMC rank: #144
Network / platforms: THORChain
Categories: N/A
Date added: Jul 23, 2019

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

THORChain
THOR.RUNE

Key characteristics

THORChain is a programmable layer 1 protocol that supports the development of decentralized applications (dApps) through smart contracts. Users can access the network directly from their self-custody wallets, which enhances user control over their assets. The protocol itself does not impose specific requirements, although third-party interfaces may have their own.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name and network before transferring. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is THORChain?: THORChain is a decentralized liquidity protocol that enables users to swap assets across different blockchains without relying on centralized exchanges.
What are the technical characteristics of THORChain?: THORChain is a programmable layer 1 protocol that supports the creation of decentralized applications (dApps) and smart contracts.
What are the risks associated with transferring THORChain?: Users should verify the contract address before transferring assets and ensure secure handling of private keys.
How can I verify my acquisition of THORChain?: Verify the asset name and network before transferring and review the custody method.
Where can I find official resources for THORChain?: Official resources for THORChain can be found at its website, technical documentation, and source code repositories.

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