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 Greece
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 SEPA 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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Greece is officially the Hellenic Republic, located in Southeast Europe, with a population of 10,432,481. Athens is the capital and largest city of Greece. The official currency of Greece is the Euro (EUR). It only takes a few minutes to buy cryptocurrencies on Bitget by EUR, including Crypto Deposits, P2P Trading, and Third-Party Payments (using Credit cards, Apple Pay, or Google Pay.)
Whether you're in Athens, Thessaloniki, Patras, Piraeus, or any place in Greece, there is no better place to trade cryptocurrencies than here with Bitget, which has already acquired the U.S. MSB License, Canada MSB License, and Australia (DCE) License. Bitget is ready to serve any need in cryptocurrency, whether P2P, spot, or futures trading. Greek is the national language of Greece.
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