If you’re trying to find out where to buy RUNE, there’s no wonder: RUNE is not listed on most mainstream crypto exchanges.
The THORChain is a completely independent and decentralized liquidity network, and RUNE is its cryptocurrency. The goal of the THOREchain is to bring back the concept of decentralization to the cryptocurrency and blockchain world, which you can’t really do if your project has a CEO.
Users may deposit native assets and earn yields on the THORChain liquidity platform, which is essentially a DEX liquidity pool. This liquidity allows users from diverse networks to exchange crypto assets without relinquishing custody of them.
Another advantage of THORChain is that it’s a blockchain that allows users to exchange tokens between different blockchains. The nodes on the network must also verify whether transactions from various blockchains are genuine.
This is the so-called cross-chain compatibility and it’s one of the most important aspects of THORChain.
The RUNE cryptocurrency is the native token of the THORChain network and it’s used to pay fees, secure the network, and provide liquidity. The total supply of RUNE is limited to 100 million tokens and there will never be more RUNE created.
RUNE tokens are currently best available on Binance Chain, which is also the version of RUNE supported by Exodus wallet. But you should consider using the ThorWallet to be able to access all the benfits of the native chain.
So, what is the RUNE token? Essentially, it is the native cryptocurrency of the THORChain network which is used to pay fees, secure the network and provide liquidity.
