ICO NameThorchain
SymbolRUNE
Start DateOctober 01, 2018
End DateSeptember 30, 2020
CountrySwitzerland
PlatformEthereum
Ends
5 Months ago
Show All

THORChain is a highly optimised multi-chain using pBFT consensus to achieve sub-second block finality. Tokens are traded on single chains, known as tokenChains with discrete address spaces. Multi-set sharding is proposed to allow byzantine resistant scaling. The native protocol facilitates on-chain trading and order matching at the protocol level, supporting both limit and market orders. Continuous liquidity pools ensure liquidity is always available for any token pair, and double as the source of trustless on-chain price feeds, a cornerstone of the protocol. Fee incentives are designed to continually attract on-chain liquidity. On-chain token generation is built-in for both fixed and variable supply tokens, with the potential for auditable collateralized stablecoins. Two-way pegs with UTXO, account and contract-based cryptocurrencies allow most existing cryptocurrencies to seamlessly move on and off THORChain. Transparent developer incentivisation strategies allow wallet and exchange developers to be funded at the protocol level which will encourage a vibrant developer community. On-chain governance and smart updates with enforced voting and quadratic voting ensures THORChain is an adaptive and iterative platform that grows with its needs without contentious hard forks. THORChain is built to be compatible with the Flash Network; a layer 2 payment channel network.

ENGINEER
MANAGEMENT, MARKETING
DEVELOPER

Congrats to @scupytrooples and Team Alchemy.

A new DeFi primitive - self-paying loans executed brilliantly.

THORChain will have self-paying loans but with a twist - deposit any collateral and draw out debt in any asset.

$ALCX $RUNE

Alchemix@AlchemixFi

The alUSD debt ceiling has been raised to 100m!

The best way to cultivate a strong community is to communicate with them. Through blog post updates, telegram announcements, twitter updates & discussions, conversing in discord/telegram, etc.

@thorchain_org and @synthetix_io are prime examples to learn from for this

Jae's original vision for Tendermint and Cosmos was in fact - a DEX.

Instead he helped ship a tech stack that is an *enabler* of decentralised value exchange.

Osmosis is a very cool manifestation of that vision - an IBC-enabled HUB AMM.

Watch this space 👇

Osmosis@osmosiszone

https://medium.com/osmosis/osmosis-a-hub-amm-c4c12788f94c

Small win - majority (>50%) of THORNodes are now not on AWS.

"Not AWS" incentives were used to push operators to other service providers.

The first (and hardest) step is showing the issue transparently (service provider tagging), the second is to address it.

$RUNE

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Price0.0185 USDHard Cap176,800 ETHSale500,000,000
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