It is halal crypto to trade.
What is Thorchain?
Thorchain (RUNE) is a decentralized liquidity network for cross-chain asset swaps. It facilitates peer-to-peer (P2P) trading directly between different blockchains, eliminating the need for centralized exchanges.
Key Features of Thorchain
- Cross-Chain Liquidity: Thorchain enables users to swap various crypto assets directly across different blockchains without relying on centralized intermediaries.
- Decentralized Exchange (DEX): Thorchain functions as a fully decentralized exchange protocol, fostering a trustless trading environment.
- THORChain Incentives: RUNE token holders are incentivized to participate in the network by providing liquidity and earning rewards.
Uses of RUNE Token
- Liquidity Provision: Users can stake RUNE tokens to become liquidity providers and earn trading fees.
- Network Governance: RUNE holders can vote on proposals to govern the Thorchain network’s development and future.