Thorchain N/A ICO Details & Financial Information

ICO NameThorchain
SymbolN/A
Start DateOctober 01, 2018
End DateSeptember 30, 2020
CountrySwitzerland
PlatformEthereum
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THORChain is a highly optimised multi-chain using pBFT consensus to achieve sub-second block finality. Tokens are traded on single chains, known as tokenChains with discrete address spaces. Multi-set sharding is proposed to allow byzantine resistant scaling. The native protocol facilitates on-chain trading and order matching at the protocol level, supporting both limit and market orders. Continuous liquidity pools ensure liquidity is always available for any token pair, and double as the source of trustless on-chain price feeds, a cornerstone of the protocol. Fee incentives are designed to continually attract on-chain liquidity. On-chain token generation is built-in for both fixed and variable supply tokens, with the potential for auditable collateralized stablecoins. Two-way pegs with UTXO, account and contract-based cryptocurrencies allow most existing cryptocurrencies to seamlessly move on and off THORChain. Transparent developer incentivisation strategies allow wallet and exchange developers to be funded at the protocol level which will encourage a vibrant developer community. On-chain governance and smart updates with enforced voting and quadratic voting ensures THORChain is an adaptive and iterative platform that grows with its needs without contentious hard forks. THORChain is built to be compatible with the Flash Network; a layer 2 payment channel network.

ENGINEER
MANAGEMENT, MARKETING
DEVELOPER

Can THORChain power a stablecoin, backed by the assets in its vaults, secured by $RUNE, maintained by liquidity in its pools, fed by its own prices and re-balanced by its state machine every 5 seconds?

The team are asking themselves this question. It could be possible.

RUNE is now on the first page of @Binance_DEX Assets page.

After BNB it is the most widely distributed BEP2 asset, with the most valuable holder base.

It is also Binance Chain's most valuable BEP-2 only asset.

$RUNE

https://explorer.binance.org/assets

THORChain have just closed an OTC sale of 833,333 RUNE, closed at the 7 day average with a private THORNode operator.

This sale covers most of the monthly treasury burn, giving the project an additional month runway.

There continues to be strong demand for the $RUNE asset.

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Price0.0185 USD Sale500,000,000 Payment ModeN/A
Minimum InvestmentN/A DistributionN/A RaisedN/A
Soft CapN/A Hard Cap176,800 ETH