Which track does rune currency belong to?

Rune coin is the native token of the Thorchain project. Thorchain is a DeFi-focused cross-chain asset trading DEX network. Rune Coin contributes in the DeFi track by providing a decentralized and efficient trading environment, and plays an important role in the cross-chain track by facilitating the flow of assets between different blockchains. Its main features include transaction fees, staking and governance, and its advantages include cross-chain interoperability, security, decentralization and low fees.

Rune Coin: The leader in DeFi and cross-chain fields

Rune Coin is the native token of the Thorchain project, Thorchain is a Decentralized exchange (DEX) network, focusing on cross-chain asset transactions. It allows users to trade directly between different blockchains without relying on centralized exchanges.

DeFi Track

Rune Coin first belongs to the DeFi track. DeFi (decentralized finance) is a field that uses blockchain technology to provide traditional financial services. Thorchain makes a significant contribution to the DeFi ecosystem by eliminating middlemen and providing a transparent and efficient trading environment.

Cross-chain track

Secondly, Rune currency also plays an important role in the cross-chain track. Cross-chain technology allows assets and data to flow freely between different blockchains. Thorchain promotes interoperability between different blockchains through cross-chain DEX functionality, allowing users to easily trade between multiple cryptocurrencies.

Main Functions of Rune Coin

• Transaction Fees:Rune Coin is used as a fee for transactions in the Thorchain network.
• Staking: Users can stake Rune coins to protect the network and receive rewards.
• Governance: Rune coin holders can participate in Thorchain’s governance and vote to determine the future development direction of the network.

Advantages of Rune Coin

• Cross-chain interoperability: Thorchain provides cross-chain asset transactions, eliminating differences Transaction barriers between blockchains.
• Security: Thorchain uses multi-signature and distributed verification to ensure that transactions are safe and reliable.
• Decentralization: Thorchain is a decentralized network that is not controlled by any central agency.
• Low handling fees: Compared with centralized exchanges, Thorchain's handling fees are lower.

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