THORChain
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$RUNE Revisiting Critical Resistance📈
#RUNE is in a beautiful uptrend on the Daily timeframe and we are already trading above the $7 🚀
We need to break this critical resistance level in order to become extra Bullish!
Can #THORChain break it this time ?
#RUNE is in a beautiful uptrend on the Daily timeframe and we are already trading above the $7 🚀
We need to break this critical resistance level in order to become extra Bullish!
Can #THORChain break it this time ?
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THORChain will meet in Austin on May 30th
THORChain is set to host a Consensus meeting in Austin on May 30th. The event will feature PizzaDAO.eth, Dodeclaren and SwapKit.dev.
Refer to the official RUNE tweet
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency tokens across the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically sets prices and provides liquidity for trading.
#RUNE #THORChain #news #ETFvsBTC #RUNE/USDT
$RUNE
THORChain is set to host a Consensus meeting in Austin on May 30th. The event will feature PizzaDAO.eth, Dodeclaren and SwapKit.dev.
Refer to the official RUNE tweet
THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency tokens across the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically sets prices and provides liquidity for trading.
#RUNE #THORChain #news #ETFvsBTC #RUNE/USDT
$RUNE
THORCHAIN summarized white paper
THORChain: A Decentralized Liquidity Network
THORChain is a decentralized network that facilitates the exchange of cryptocurrencies across different blockchains in a permissionless manner. It aims to achieve this without relying on centralized entities or external price sources. The core concept of THORChain lies in its Continuous Liquidity Pools (CLPs) that enable secure and efficient asset exchange.
Security Through Incentives
Unlike Proof-of-Work (PoW) or Proof-of-Authority (PoA) mechanisms, THORChain utilizes a Proof-of-Stake (PoS) system with economic incentives to ensure network security. The value of the network's native asset, RUNE, is intrinsically linked to the security of the assets held within the system. To participate in the network and secure these assets, nodes are required to bond RUNE tokens. This bonding mechanism discourages attacks, as the cost of attacking the network (acquiring enough RUNE) would outweigh the potential gains from stolen assets.
Maintaining Optimal Capital Distribution
The whitepaper emphasizes the importance of maintaining an optimal capital distribution within the network. This is achieved by ensuring that the total value of bonded RUNE tokens is at least equal to the combined value of all non-RUNE assets within liquidity pools. The system employs an "Incentive Pendulum" to automatically adjust rewards and penalties, nudging the network towards this optimal state.
Incentivizing Participation
THORChain distributes rewards to both node operators (who bond RUNE) and liquidity providers (who contribute assets to CLPs). The system income, derived from transaction fees and block rewards, is divided between these two groups through a mechanism that targets a 50/50 allocation when the capital distribution is optimal. This incentivizes both types of participants to contribute to network security and liquidity.
Continuous Liquidity Pools
CLPs are the backbone of THORChain's asset exchange functionality. These pools hold equivalent amounts of two assets, constantly facilitating trades between them. When a swap occurs within a CLP, a pre-determined amount of tokens are issued or burned, ensuring a predictable exchange rate and mitigating the need for external price oracles. Additionally, a portion of each swap is collected as a liquidity fee, further incentivizing liquidity providers.
Key Mechanisms
Bonding: Node operators are required to bond RUNE tokens to participate in the network and secure assets.
Liquidity Pools: CLPs hold equivalent amounts of two assets, enabling continuous and efficient exchange.
Incentive Pendulum: This mechanism automatically adjusts rewards and penalties to maintain optimal capital distribution.
Network Fees: A fixed fee is charged on all transactions to cover operational costs and prevent spam attacks.
Emission Schedule: RUNE tokens are gradually emitted over time, with a target inflation rate of 2% after ten years.
Security Considerations
The whitepaper acknowledges the importance of system security and outlines several measures to mitigate potential risks. These include:
Economic Disincentives: The bonding mechanism discourages attacks due to the high upfront cost.
Slashing Penalties: Nodes attempting to steal assets face harsh penalties, further deterring malicious behavior.
Limited Attack Surface: The system minimizes the potential attack surface by relying primarily on its internal state and information from connected blockchains.
Conclusion
THORChain presents a novel approach to decentralized cross-chain asset exchange. By leveraging bonded assets, CLPs, and a system of economic incentives, it aims to provide a secure and efficient trading environment. The whitepaper lays out a clear technical framework and economic rationale for the network's operation. However, it is important to acknowledge that, as with any new technology, THORChain will need to undergo rigorous testing and real-world implementation to fully validate its security and effectiveness.
#THORChain #ThorchainSuccess #Rune #write2earnonbinancesquare #Write&Earn
THORChain is a decentralized network that facilitates the exchange of cryptocurrencies across different blockchains in a permissionless manner. It aims to achieve this without relying on centralized entities or external price sources. The core concept of THORChain lies in its Continuous Liquidity Pools (CLPs) that enable secure and efficient asset exchange.
Security Through Incentives
Unlike Proof-of-Work (PoW) or Proof-of-Authority (PoA) mechanisms, THORChain utilizes a Proof-of-Stake (PoS) system with economic incentives to ensure network security. The value of the network's native asset, RUNE, is intrinsically linked to the security of the assets held within the system. To participate in the network and secure these assets, nodes are required to bond RUNE tokens. This bonding mechanism discourages attacks, as the cost of attacking the network (acquiring enough RUNE) would outweigh the potential gains from stolen assets.
Maintaining Optimal Capital Distribution
The whitepaper emphasizes the importance of maintaining an optimal capital distribution within the network. This is achieved by ensuring that the total value of bonded RUNE tokens is at least equal to the combined value of all non-RUNE assets within liquidity pools. The system employs an "Incentive Pendulum" to automatically adjust rewards and penalties, nudging the network towards this optimal state.
Incentivizing Participation
THORChain distributes rewards to both node operators (who bond RUNE) and liquidity providers (who contribute assets to CLPs). The system income, derived from transaction fees and block rewards, is divided between these two groups through a mechanism that targets a 50/50 allocation when the capital distribution is optimal. This incentivizes both types of participants to contribute to network security and liquidity.
Continuous Liquidity Pools
CLPs are the backbone of THORChain's asset exchange functionality. These pools hold equivalent amounts of two assets, constantly facilitating trades between them. When a swap occurs within a CLP, a pre-determined amount of tokens are issued or burned, ensuring a predictable exchange rate and mitigating the need for external price oracles. Additionally, a portion of each swap is collected as a liquidity fee, further incentivizing liquidity providers.
Key Mechanisms
Bonding: Node operators are required to bond RUNE tokens to participate in the network and secure assets.
Liquidity Pools: CLPs hold equivalent amounts of two assets, enabling continuous and efficient exchange.
Incentive Pendulum: This mechanism automatically adjusts rewards and penalties to maintain optimal capital distribution.
Network Fees: A fixed fee is charged on all transactions to cover operational costs and prevent spam attacks.
Emission Schedule: RUNE tokens are gradually emitted over time, with a target inflation rate of 2% after ten years.
Security Considerations
The whitepaper acknowledges the importance of system security and outlines several measures to mitigate potential risks. These include:
Economic Disincentives: The bonding mechanism discourages attacks due to the high upfront cost.
Slashing Penalties: Nodes attempting to steal assets face harsh penalties, further deterring malicious behavior.
Limited Attack Surface: The system minimizes the potential attack surface by relying primarily on its internal state and information from connected blockchains.
Conclusion
THORChain presents a novel approach to decentralized cross-chain asset exchange. By leveraging bonded assets, CLPs, and a system of economic incentives, it aims to provide a secure and efficient trading environment. The whitepaper lays out a clear technical framework and economic rationale for the network's operation. However, it is important to acknowledge that, as with any new technology, THORChain will need to undergo rigorous testing and real-world implementation to fully validate its security and effectiveness.
#THORChain #ThorchainSuccess #Rune #write2earnonbinancesquare #Write&Earn
very close to my target 🎯 holding my positions,
you will see $RUNE $12 very soon.
although it is a $60 coin don't miss this opportunity, i am still buying from $7
#altcoins #THORChain #Runeustd #write2earn🌐💹 #Write2Share
you will see $RUNE $12 very soon.
although it is a $60 coin don't miss this opportunity, i am still buying from $7
#altcoins #THORChain #Runeustd #write2earn🌐💹 #Write2Share
LIVEBull Maverick
--
Bullish
"Technical Analysis"
$RUNE update
we found a double bottom chart pattern on Daily TF, which shows the target 🎯 around $7.14 to $7.32.
Facing major resistance level $6.3 to 6.5.
so hold your positions don't panic, we are on the way to $12 soon 🔥
still i m holding my long position till $12.
#runecoin #altcoins #longpositions #BTC🔥🔥🔥🔥🔥 #BULL-RUN
$RUNE update
we found a double bottom chart pattern on Daily TF, which shows the target 🎯 around $7.14 to $7.32.
Facing major resistance level $6.3 to 6.5.
so hold your positions don't panic, we are on the way to $12 soon 🔥
still i m holding my long position till $12.
#runecoin #altcoins #longpositions #BTC🔥🔥🔥🔥🔥 #BULL-RUN
- #THORChain , a cross-chain decentralized exchange (DEX), is seeing increased fundamental strength with recent functionalities driving adoption and usage.
- Streaming Swaps were introduced on #THORSwap to optimize trades and token swaps, contributing to the rise in RUNE prices.
- Streaming Swaps break down #cross-chain trades into smaller parts executed over a longer timeframe, providing users with better prices.
- The adoption of Streaming Swaps is evidenced by larger swaps, with the largest ever swap being 3,150 ETH for 2,482,348 #RUNE , worth around $3.65 million.
- THORChain's #volume has been increasing, boosting momentum for RUNE's price, which has surged despite the broader market downturn.
- Another factor in RUNE's price uptrend is the anticipation of the THORChain Lending Protocol, offering benefits like no liquidations, expirations, or KYC requirements.
- THORSwap recently announced the live launch of the Lending Protocol, allowing BTC and ETH lending at zero interest.
- Delphi Digital's report on THORChain fundamentals in late July preceded an 83% price surge in RUNE, despite the overall market decline.
- While RUNE remains down 92% from its all-time high, its recent price growth indicates room for further potential growth.
$RUNE
- Streaming Swaps were introduced on #THORSwap to optimize trades and token swaps, contributing to the rise in RUNE prices.
- Streaming Swaps break down #cross-chain trades into smaller parts executed over a longer timeframe, providing users with better prices.
- The adoption of Streaming Swaps is evidenced by larger swaps, with the largest ever swap being 3,150 ETH for 2,482,348 #RUNE , worth around $3.65 million.
- THORChain's #volume has been increasing, boosting momentum for RUNE's price, which has surged despite the broader market downturn.
- Another factor in RUNE's price uptrend is the anticipation of the THORChain Lending Protocol, offering benefits like no liquidations, expirations, or KYC requirements.
- THORSwap recently announced the live launch of the Lending Protocol, allowing BTC and ETH lending at zero interest.
- Delphi Digital's report on THORChain fundamentals in late July preceded an 83% price surge in RUNE, despite the overall market decline.
- While RUNE remains down 92% from its all-time high, its recent price growth indicates room for further potential growth.
$RUNE
✉️ THORChain — Trezor Wallet Support
THORSwap has announced support for the Trezor cold wallet.
https://thorswap.finance/
#THORChain #CryptonResearchBot
THORSwap has announced support for the Trezor cold wallet.
https://thorswap.finance/
#THORChain #CryptonResearchBot
Has #THORSwap resumed swaps?
#FTX #Exploiter deposited 1,247 $ETH ($2.05M) into #THORChain again 20 minutes ago
#FTX #Exploiter deposited 1,247 $ETH ($2.05M) into #THORChain again 20 minutes ago
Is THORChain Taking Over DeFi? 🔥
#THORChain , a decentralized exchange protocol, gained prominence with a $1.32 billion weekly trading volume, ranking third among non-centralized exchanges, trailing only Uniswap and PancakeSwap.
The native asset, Rune (#RUNE ), saw a 51% increase in the past week and over 200% in the last 30 days. Despite a developer's earlier estimate, THORChain surpassed Curve Finance's position swiftly.
This multichain platform, often likened to Uniswap, enables users to trade native Bitcoin for Ether on #THORSwap .
Noteworthy is its impressive average annual percentage rate (APR) of nearly 44%, with some liquidity pools offering over 353% APR.
Launched in 2018 at the Binance Dexathon, THORChain's rapid rise in the DeFi landscape reflects its growing dominance.
#Binance
#crypto2023
#THORChain , a decentralized exchange protocol, gained prominence with a $1.32 billion weekly trading volume, ranking third among non-centralized exchanges, trailing only Uniswap and PancakeSwap.
The native asset, Rune (#RUNE ), saw a 51% increase in the past week and over 200% in the last 30 days. Despite a developer's earlier estimate, THORChain surpassed Curve Finance's position swiftly.
This multichain platform, often likened to Uniswap, enables users to trade native Bitcoin for Ether on #THORSwap .
Noteworthy is its impressive average annual percentage rate (APR) of nearly 44%, with some liquidity pools offering over 353% APR.
Launched in 2018 at the Binance Dexathon, THORChain's rapid rise in the DeFi landscape reflects its growing dominance.
#Binance
#crypto2023
#THORChain is currently not processing$AVAX transactions due to a global outage of #avalanche C-Chain.
You should monitor your short-term positions of$AVAX to ensure you are not adversely affected
#Write2Earn #TrendingTopic #Rune $RUNE
You should monitor your short-term positions of$AVAX to ensure you are not adversely affected
#Write2Earn #TrendingTopic #Rune $RUNE
Investors are drawn to THORChain for cross-chain liquidity, Rebel Satoshi for blockchain potential, and GALA for gaming and DeFi prospects.
In the dynamic landscape of the 2023 crypto market, THORChain (RUNE) has notably surged by 340%, reflecting a robust performance. Starting the year at $1.27, RUNE experienced a steady climb, particularly in October, propelled by heightened development activity. As of November, its value stands at $5.60, marking an impressive 340.94% increase. Analysts foresee a continued upward trajectory, predicting a potential rise to $7.29 by the year's end and a more substantial surge to $16.01 by 2025.
Gala (GALA) has similarly caught the attention of investors, showcasing a remarkable 488% surge in 2023. The journey began at $0.01666 in January, with a notable peak at $0.05930 in February following a partnership announcement with Dwayne Johnson and Mark Wahlberg. Despite a subsequent decline to around $0.02480 in November, the overall gain for the year remains substantial. Analysts project further growth, estimating Gala to reach $0.02860 by the end of the year and a more ambitious target of $0.07120 by 2025. The unique value proposition of Gala, offering partial ownership of the platform, contributes to its attractiveness among investors.
In the midst of these market dynamics, Rebel Satoshi (RBLZ) has entered the scene with a presale currently in progress. With 10 million RBLZ sold in the first 48 hours of the public presale, Rebel Satoshi aims to disrupt the dominance of centralized crypto organizations. The project envisions the development of a play-to-earn (P2E) game, an NFT marketplace, and a staking program, with RBLZ serving as a deflationary token with a fixed maximum supply of 250 million. The ongoing presale, starting at $0.010 and progressing to $0.025, has garnered attention, and analysts anticipate further gains upon RBLZ's listing on decentralized exchanges.
#THORChain #GALA #GameFi #rebelsatoshi #BinanceTournament $GALA $RUNE $BNB
In the dynamic landscape of the 2023 crypto market, THORChain (RUNE) has notably surged by 340%, reflecting a robust performance. Starting the year at $1.27, RUNE experienced a steady climb, particularly in October, propelled by heightened development activity. As of November, its value stands at $5.60, marking an impressive 340.94% increase. Analysts foresee a continued upward trajectory, predicting a potential rise to $7.29 by the year's end and a more substantial surge to $16.01 by 2025.
Gala (GALA) has similarly caught the attention of investors, showcasing a remarkable 488% surge in 2023. The journey began at $0.01666 in January, with a notable peak at $0.05930 in February following a partnership announcement with Dwayne Johnson and Mark Wahlberg. Despite a subsequent decline to around $0.02480 in November, the overall gain for the year remains substantial. Analysts project further growth, estimating Gala to reach $0.02860 by the end of the year and a more ambitious target of $0.07120 by 2025. The unique value proposition of Gala, offering partial ownership of the platform, contributes to its attractiveness among investors.
In the midst of these market dynamics, Rebel Satoshi (RBLZ) has entered the scene with a presale currently in progress. With 10 million RBLZ sold in the first 48 hours of the public presale, Rebel Satoshi aims to disrupt the dominance of centralized crypto organizations. The project envisions the development of a play-to-earn (P2E) game, an NFT marketplace, and a staking program, with RBLZ serving as a deflationary token with a fixed maximum supply of 250 million. The ongoing presale, starting at $0.010 and progressing to $0.025, has garnered attention, and analysts anticipate further gains upon RBLZ's listing on decentralized exchanges.
#THORChain #GALA #GameFi #rebelsatoshi #BinanceTournament $GALA $RUNE $BNB
$RUNE Bullish Momentum 📈
#RUNE/USDT is continuining its bullish momentum after the break of the falling wedge.
The break out target remains $7 and we are only 15% away from hitting this.
Do you own #THORChain ?
#RUNE/USDT is continuining its bullish momentum after the break of the falling wedge.
The break out target remains $7 and we are only 15% away from hitting this.
Do you own #THORChain ?
$RUNE Perfect Retest!
Yesterday #RUNE broke the resistance/break out target of $7 like I expected.
I sold my stack at $8 and bought back on the retest which was around 10% lower
This way I generated more $RUNE for my portfolio in the early stages of the bullmarket
#THORChain
Yesterday #RUNE broke the resistance/break out target of $7 like I expected.
I sold my stack at $8 and bought back on the retest which was around 10% lower
This way I generated more $RUNE for my portfolio in the early stages of the bullmarket
#THORChain
Don't say I didn't warn you about this $RUNE break out..
Since the break out #RUNE is already up for almost 35% 📈
The target remains $7 and I believe we will see this price getting reached soon 👀
#THORChain
Since the break out #RUNE is already up for almost 35% 📈
The target remains $7 and I believe we will see this price getting reached soon 👀
#THORChain
Rune Rockets: #THORChain Emerges as Third Largest #DEX with a 50% Surge in a Week
In the past week, THORChain witnessed a trading volume of $1.32 billion, securing the third position globally, trailing only behind #UniSwap and PancakeSwap with volumes of $10.85 billion and $2.77 billion, respectively, as reported by DefiLlama.
Notably, THORChain now claims the second-largest daily trading volume, reaching $334.3 million in the last 24 hours. This figure surpasses #Pancakeswap , which holds the third position by nearly $50 million.
Simultaneously, the native token RUNE experienced a remarkable surge of 51% in the past week and an impressive 200% over the last 30 days, as indicated by CoinGecko.
The ascent of THORChain in surpassing Curve Finance occurred much earlier than anticipated by the core developer Chad Barraford, who initially projected the flippening to transpire before the end of 2023. Expressing surprise, Barraford mentioned in a November 13th post on X (formerly Twitter), "Okay, this happened much faster than I thought. Just took 2 days instead of 2 months."
In the past week, THORChain witnessed a trading volume of $1.32 billion, securing the third position globally, trailing only behind #UniSwap and PancakeSwap with volumes of $10.85 billion and $2.77 billion, respectively, as reported by DefiLlama.
Notably, THORChain now claims the second-largest daily trading volume, reaching $334.3 million in the last 24 hours. This figure surpasses #Pancakeswap , which holds the third position by nearly $50 million.
Simultaneously, the native token RUNE experienced a remarkable surge of 51% in the past week and an impressive 200% over the last 30 days, as indicated by CoinGecko.
The ascent of THORChain in surpassing Curve Finance occurred much earlier than anticipated by the core developer Chad Barraford, who initially projected the flippening to transpire before the end of 2023. Expressing surprise, Barraford mentioned in a November 13th post on X (formerly Twitter), "Okay, this happened much faster than I thought. Just took 2 days instead of 2 months."
THORChain — Streaming Swap
THORChain has presented the concept of a possible new "streaming swap" function, which is that the swap takes place in parts through a pool to reduce fees. This function can be used both for Savers entry/exit or for opening a new loan, and for L1 swaps.
#THORChain #CryptonResearchBot
#THORChain #CryptonResearchBot
$RUNE Almost 100% after breaking out! 📈
I have been talking about this breakout when we were still in the falling wedge.
Hope you also played this break out on #RUNE
Perfect Price Action for #THORChain 🚀
I have been talking about this breakout when we were still in the falling wedge.
Hope you also played this break out on #RUNE
Perfect Price Action for #THORChain 🚀
My Previous FTM , ENJ , LRC calls was amazing
This time i want to share my biggest favorite and Real Gem $RUNE Thorchain
It must be TOP 20 coin ( biggest Project)
Defi
Community Strong
💪 Big Investors #THORChain
This time i want to share my biggest favorite and Real Gem $RUNE Thorchain
It must be TOP 20 coin ( biggest Project)
Defi
Community Strong
💪 Big Investors #THORChain
$RUNE PUMPING LIKE CRAZY 🚀
#RUNE is up for almost 50% since my last post of yesterday.
It smashed through the target of the break out of $7.
We will either see a continuation of the bullish momentum or a retest of the break out target.
I just took some profits on #THORChain
#RUNE is up for almost 50% since my last post of yesterday.
It smashed through the target of the break out of $7.
We will either see a continuation of the bullish momentum or a retest of the break out target.
I just took some profits on #THORChain
This Altcoin Entered The Season Quickly: It Exceeded 250 Percent!
#THORChain (RUNE) continues to increase its popularity with its sharp rises in recent days.
#Rune , one of the names that showed the highest increase in recent days, made an attack again. The popular coin, which managed to reach from $ 1,491 to $ 5,351 in just 30 days, recorded a total increase of 258.91 percent with this move. In addition, RUNE, which frequently manages to be on the "Top Rising" list, rose by 31.22 percent in the last 24 hours and took the second place.
#RUNE , which had the wind behind it after breaking $ 5,144, started to spread positive data on the fundamental analysis side. The coin, which is increasingly gaining fame on social media platforms, may make a move towards $6.74 - $8.891 - $10.546 and $11.952, respectively, in a scenario where BTC is also doing well.
#BTC's downward movement or RUNE's loss of momentum will trigger a possible decline. In such a situation, the levels where relaxation can be expected are $ 5,144 - $ 4,056 and $ 3,071 respectively. A loss of $3,071 could be followed by a pullback first to the monthly opening level and then to the annual opening level.
$BTC $RUNE
#THORChain (RUNE) continues to increase its popularity with its sharp rises in recent days.
#Rune , one of the names that showed the highest increase in recent days, made an attack again. The popular coin, which managed to reach from $ 1,491 to $ 5,351 in just 30 days, recorded a total increase of 258.91 percent with this move. In addition, RUNE, which frequently manages to be on the "Top Rising" list, rose by 31.22 percent in the last 24 hours and took the second place.
#RUNE , which had the wind behind it after breaking $ 5,144, started to spread positive data on the fundamental analysis side. The coin, which is increasingly gaining fame on social media platforms, may make a move towards $6.74 - $8.891 - $10.546 and $11.952, respectively, in a scenario where BTC is also doing well.
#BTC's downward movement or RUNE's loss of momentum will trigger a possible decline. In such a situation, the levels where relaxation can be expected are $ 5,144 - $ 4,056 and $ 3,071 respectively. A loss of $3,071 could be followed by a pullback first to the monthly opening level and then to the annual opening level.
$BTC $RUNE
