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Thorchain (RUNE)

$ 1.692000000000000000

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Technical Doc    Technical Doc. Link
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White Paper    White Paper Doc. Link


Description

THORChain, the native crypto currency of the platform, is a decentralized protocol for the trading of digital assets. It was founded by a team led by Brian Wong and is now being developed by a diverse network of twenty-three developers from around the world. The protocol is designed to enable the trustless exchange of tokens between different blockchain networks. This means that users can securely trade a variety of digital assets without the need for intermediaries, such as centralized exchanges. The unique thing about the protocol is the way it uses liquidity pools, which are responsible for providing liquidity for the platform. This ensures that users are able to make quick and efficient trades. In addition to this, the protocol uses Cross-Chain communication, which allows it to communicate with other blockchains and take advantage of their features. In terms of usage, THORChain is primarily used as a trading platform. Users can trade a variety of digital assets on the platform, including Bitcoin, Ethereum, Tether and many more. The platform also offers a range of additional features, such as margin trading and derivatives trading. In terms of trading, THORChain can be bought and sold on several exchanges, including Binance, Huobi, KuCoin and gate.io. Additionally, it can be traded through decentralized exchanges, including Uniswap and Balancer. Overall, THORChain is a promising protocol that is designed to revolutionize the way digital assets are traded. It provides users with a secure, trustless and efficient trading experience that is sure to benefit both traders and investors alike. Comments: 1. This is a really interesting and innovative way to allow people to securely trade digital assets without going through traditional, centralized exchanges. 2. I'm definitely interested in trying it out for myself. 3. I'm glad that there are so many different exchanges and protocols available for trading digital assets. It takes away the need for relying on centralized exchanges. 4. Overall, THORChain is a great project that is sure to benefit both traders and investors alike. Looking forward to seeing its progress!