What is THORChain (RUNE)?
THORChain is a decentralized cross-chain liquidity protocol that uses Tendermint, Cosmos-SDK, and GG20 TSS. It manages funds directly in on-chain vaults and secures them using economic security. The protocol allows people to swap native assets across multiple chains, no user-registration required, transparent and fair prices, and continuous liquidity pools that maximize the efficiency of the protocol.
The protocol was created in 2018 by a team of anonymous developers at the Binance Dexathon. That being said, the project encourages the community to contribute to the development by joining the dev channels.
How THORChain (RUNE) Works
THORChain is a system that lets people trade different digital assets without a central exchange. It's made up of different parts that work together as follows:
- The Bifröst Protocol helps different parts of THORChain talk to each other by syncing data.
- THORChain Vaults hold digital assets and are split into two types: inbound (Asgard TSS Vaults) and outbound (Yggdrasil Vaults).
- The THORChain State Machine takes care of the transactions by checking what needs to happen next.
- Once a transaction is finalized, information about it is saved in the Key-Value store.
THORChain also has some special features to make sure everything is safe and efficient:
- The system checks which vault has the most security and tells users to send their assets there.
- The system tops up each Yggdrasil outbound vault to make sure it has enough assets.
- When a vault isn't being used anymore, the system moves everything out of it to keep things secure.
The platform has a native token called RUNE, which is used for settlement, network security, governance, and incentives. However, users do not necessarily need RUNE to use THORChain.
How Many THORChain (RUNE) Tokens Are in Circulation?
RUNE token has a total supply of 500,000,000, among which 327,056,566 tokens are being circulated.
How to Buy THORChain (RUNE)
Consider investing in THORChain (RUNE)? It only takes 2 minutes to create an account on Bitget and start trading RUNE.
Check out the available RUNE trading pairs on Bitget!
Spot market
THORChain (RUNE) Resources
Simple 3-step guide to buying RUNE today in British Virgin Islands
Create your free Bitget account
Select a funding method
Complete your THORChain purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for THORChain using a payment method of your choice:
Buy THORChain with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your THORChain order.
How to buy crypto with credit/debit cardBuy THORChain with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into THORChain is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your THORChain order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your THORChain order.Buy THORChain with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your THORChain order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor THORChain in your Bitget spot wallet
Bitget—where the world trades THORChain
How to buy THORChain for free
- Learn how to earn THORChain for free through the Learn2Earn promotion
- Earn free THORChain by inviting friends to join Bitget's Assist2Earn promotion
- Receive free THORChain airdrops by joining On-going challenges and promotions
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FAQ
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British Virgin Islands (BVI), also known as the Virgin Islands, is an overseas territory of the UK that lies in the Lesser Antilles near the US Virgin Islands. BVI is made up of four main islands - Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, and several other smaller islands. The total area is 153 km2 and the total population is 30,030. The capital of BVI is Road Town, which is a part of Tortola, the biggest island. English is the official language, but USD is the currency in use in BVI.
Tourism is the strongest industry of BVI, accounting for about a half of the region’s total income. Beautiful white beaches like the Baths, Anegada, and Cane Garden Bay are some of the most visited sites in the territory. The other half of the income comes from financial services that BVI offers, the most notable activity being licensing of offshore companies and related services.
You don’t need to worry about trading crypto like THORChain(RUNE) in the British Virgin Islands as Bitget’s services are available just with a tap of the finger. The exchange offers art-of-the-state security that has been recognized by developed countries and provides a range of payment methods that make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.