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 Niger
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
Buy THORChain
Buy other cryptos
Buy THORChain in a different country
FAQ
Can I buy $1 worth of THORChain?
Can I buy $10 of THORChain?
Where else can I buy THORChain?
Where is the best place to buy THORChain?
Should I buy THORChain right now?
A landlocked nation in West Africa, Niger is formally known as the Republic of Niger. It is a unitary state that is bordered to the northeast by Libya, to the east by Chad, to the east by Nigeria, to the southwest by Benin and Burkina Faso, to the west by Mali, and to the northwest by Algeria. There are 26,206,007 people living in Niger as of the year 2022, and the CFA franc is the country's official currency. Using P2P trading and other crypto deposits, you may buy THORChain(RUNE) and other cryptocurrencies on the Bitget platform in a matter of minutes.
French and English are Niger's official languages. Both the Bitget app and website are accessible using these languages.
Niamey, Maradi, Zinder, and other lovely cities may be found in Niger. Bitget will be available to provide you with a seamless trading experience wherever you are in Niger.
Desert weather prevails in the north, semi-desert weather prevails in the middle, and semi-arid savanna weather prevails in the south of Niger. Sand dunes and desert plains make up the bulk of the landscape. Large plains and hills can also be found in the south and north, respectively. Tropical weather prevails in the deep south, close to the Niger River Basin's borders. Using Bitget exchange, you can trade cryptocurrency whether you are in Niamey, Maradi, or Zinder.
The Republic of Niger celebrates its independence from France in 1960 on August 3 with Independence Day. Since 1975, it has also been Arbor Day, with trees being planted all around the country to help prevent desertification. There are numerous beautiful places to visit in Niger, including the Lotus Spa, Grand Marché, Niamey Grand Mosque, Ferme Youyou, and National Museum of Niger (Musée National du Niger).