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CryptoRUNE Price

ThorChain

RUNE

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

Note: this cryptocurrency is not available for withdrawal to external crypto wallets. It can be bought, held, and sold on Uphold.

About RUNE

RUNE is the native token of ThorChain, a blockchain protocol for swapping crypto assets across networks. Call it "decentralized liquidity protocol," or "a cross-chain decentralized exchange (DEX)." 

It's a unique protocol born of the Cosmos Software Development Kit (SDK), a popular framework for building application-specific blockchains.

In ThorChain's case, that's to serve as an automated market maker (AMM) for swapping assets across disparate chains with RUNE as the baseline pairing peg or settlement asset.

Founded in 2018 at a time when centralized exchanges were viewed as problematic for a host of reasons, security and governance among them, while their decentralized counterparts were seen as simply too illiquid. So ThorChain created an independent blockchain to bridge cross-chain transfers, using Continuous Liquidity Pools (CLPs) aimed at providing market participants liquidity automatically. 

Designed to be most liquid in its own ecosystem, RUNE can be utilized several ways with the end result being creating value for the network.

To add liquidity to ThorChain, users can buy RUNE; it's also used for governance and as a way to reward liquidity providers. Additionally, it can be staked to earn fees supporting the CLPs which have their own on-chain and trustless (non-custodial, no third party) "basket" of liquidity. 

Participants are incentivized to fill the basket, drawn by the fees earned staking RUNE on their network, upending the centuries-old central exchange market model which requires buyers and sellers to match up. The ratio of RUNE to whatever asset in the CLP that is being paired with it gets tracked by Bifrost, a multi-chain bridge protocol for developers who use multiple blockchain protocols. As an SDK-based, Cosmos-run chain, THORChain is powered by the "Tendermint BFT" consensus mechanism. It also uses Proof-of-Stake (PoS) for defending against "Sybil" attacks, where one bad actor tries to take over a network by creating multiple nodes as fast as you can create a phony Twitter handle.

That PoS element involves a "validators" process (running nodes, confirming transactions) via staked RUNE tokens. THORChain allows token holders to delegate to validators.

How to buy ThorChain (RUNE)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

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