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What is RUNE coin? What are the characteristics of RUNE coin?

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Mar 05, 2024 am 10:31 AM

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What is RUNE coin? What are the characteristics of RUNE coin?

RUNE coin: the hub connecting the cross-chain world

RUNE coin is the native token in the Thorchain ecosystem. Thorchain is a decentralized liquidity network that aims to Facilitating the exchange of cryptocurrencies between different blockchains. RUNE coin plays an important role in Thorchain, and its functions include:

Cross-chain transactions: RUNE coin is the medium for Thorchain cross-chain transactions, allowing users to seamlessly exchange cryptocurrencies between different blockchains.

Liquidity Incentives: RUNE coin holders can receive rewards by providing liquidity, thus incentivizing them to participate in the Thorchain network.

Governance: RUNE coin holders have Thorchain governance rights and can participate in the decision-making and development of the network through voting.

Staking: RUNE coins can be staked on the Thorchain network to support cross-chain transactions and receive rewards.

Scarcity: The total supply of RUNE coins is 100 million, of which 50% is allocated to liquidity providers, 25% to the team and advisors, and 25% to the community.

With the continuous development of cross-chain technology, Thorchain and its native token RUNE are expected to play a more important role in the cryptocurrency ecosystem. As the network grows in size and becomes more widely adopted, RUNE Coin will benefit and gain further momentum.

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