How THORChain Turned Losses into Profits for Investors
Until recently, THORChain was on the verge of bankruptcy, but the team found an ingenious solution that not only saved the project, but also made it attractive to investors.
Why was everyone waiting for the crash?
– Large debts to landers
– Doubts about the ability to pay them
– Expectation of an outflow of users and a fall in the RUNE token
– Inefficiency of classical restructuring methods
Proposal 6: How was the project saved?
– Debts were converted into a new TCY token (1 to 1)
– A total of 200 million TCY
will be issued – TCY owners will receive 10% of the total revenue of the protocol forever
– Payments will be in RUNE tokens
– A liquid pool of RUNE/ TCY for $ 500 thousand is being created.
Why does it work?
– Creditors immediately receive a share in the business instead of waiting for payments
– No need to look for new investors
– The protocol develops without debt burden
– TCY can become a valuable passive asset
What is happening now?
– The volume of transactions is $440M per day, despite the crisis
– The active burning of RUNE supports its price
– The community supported the proposal, showing trust in the team
Forecasts and prospects
– Major players are not selling TCY, expecting its growth
– A possible increase in TCY to $1+ and the introduction of a $5 buyback
– The launch of new integrations in 2025
– The first payments to TCY holders will confirm the viability of the scheme
Technical features
– Automated revenue distribution through smart contracts
- Full transparency of the system
– Easy integration with the current infrastructure
THORChain has shown a new way to save problematic projects. If the scheme proves successful, it could change the approach to debt restructuring in the crypto industry.
Until recently, THORChain was on the verge of bankruptcy, but the team found an ingenious solution that not only saved the project, but also made it attractive to investors.
Why was everyone waiting for the crash?
– Large debts to landers
– Doubts about the ability to pay them
– Expectation of an outflow of users and a fall in the RUNE token
– Inefficiency of classical restructuring methods
Proposal 6: How was the project saved?
– Debts were converted into a new TCY token (1 to 1)
– A total of 200 million TCY
will be issued – TCY owners will receive 10% of the total revenue of the protocol forever
– Payments will be in RUNE tokens
– A liquid pool of RUNE/ TCY for $ 500 thousand is being created.
Why does it work?
– Creditors immediately receive a share in the business instead of waiting for payments
– No need to look for new investors
– The protocol develops without debt burden
– TCY can become a valuable passive asset
What is happening now?
– The volume of transactions is $440M per day, despite the crisis
– The active burning of RUNE supports its price
– The community supported the proposal, showing trust in the team
Forecasts and prospects
– Major players are not selling TCY, expecting its growth
– A possible increase in TCY to $1+ and the introduction of a $5 buyback
– The launch of new integrations in 2025
– The first payments to TCY holders will confirm the viability of the scheme
Technical features
– Automated revenue distribution through smart contracts
- Full transparency of the system
– Easy integration with the current infrastructure
THORChain has shown a new way to save problematic projects. If the scheme proves successful, it could change the approach to debt restructuring in the crypto industry.