RUNE

Rune

$0.019644

-5.76%

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Market Cap
$2,003,734
24h Vol (Global)
-
Circulating Supply
102,000,000
Issue Date
2019-06-20
Issue Price
$0.024000

Indicators

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Market
Trades

Max Supply	Circulating Supply	Issue Date	Issue Price	Consensus Protocol	Explorer
1,000,000,000	102,000,000	2019-06-20	$0.024000	POS	1 explorer.binance.org
Total Supply	Cryptographic Algorithm	Source Code	White Paper	Website	Type
1,000,000,000	TENDERMINT	https://github.com/thorchain	EN	https://thorchain.org	COIN

THORChain is a decentralised liquidity network that uses a chain-agnostic bridge protocol alongside continuous liquidity pools (CLPs) to create incentivised, always-on liquidity for users to trustlessly swap any asset across any chain. THORChain can bridge to almost all major UTXO, account and contract-based assets including Bitcoin, Ethereum, their code-forks as well as their tokens using threshold signatures. The RUNE token is the native token of the ecosystem and is used as the liquidity asset in all liquidity pools. Users stake RUNE alongside other assets (like Bitcoin, Ethereum and Monero) to earn on liquidity pools. The deeper the liquidity pool the less slip experienced by traders swapping assets. Validators stake RUNE to form the consensus set and opt-in to run bridge nodes for each chain. Validators are paid a block reward as well as exit fees on all bridges to create the right incentives to support the bridging infrastructure. RUNE is burnt on-chain every time transactions and trades are made, which offsets the emission to validators. RUNE has a maximum supply of 500m on launch, which will asymptote to a maximum of 1bn. As transaction fees increase the burning of RUNE, then the emission increases, rewarding validators, but not penalising holders since there is always a finite supply. THORChain will be launched in 2020 and will support BinanceChain, Bitcoin, Ethereum and Monero.

Teams

Philip Stanislaus

Developer

Driving product innovation with a network of thousands of engineers from 30+ countries. Blockchain evangelist, fintech enthusiast.

John-Paul Thorbjornsen

Researcher

JP is a crypto veteran with a deep understanding of blockchain architectures and project requirements. He deeply understands the current problems in the space and is working hard to fix them. He is the founder of CanYaCoin and Loki.

Aidan Musnitzky

Senior Software Engineer

Aidan is a full stack software engineer with a strong theoretical computer science and mathematics background. He has architected and lead a wide range of teams and projects across multiple tech stacks and industries, including mobile/web applications and web services at scale, large-scale projects with millions of users and requests, and designed and developed various games. He is a curious, quick learner and am able to pick up and use new languages/technologies easily, diving in deep when necessary. He has a strong focus on the customer/user, always trying to build for their needs and to solve their problems.

Jazear Brooks

Senior Developer

Jazear is a computer scientist (BS Computer Science and Economics from Yale) with a decade of leadership and engineering experience working within the technology and financial services industry. Before moving into blockchain, Jazear held positions at Microsoft, Glassboard, Pixorial, and Madrone (a hedge fund analytics company). Blockchain became Jazear's paradise when he was able to combine his skill set in engineering and economics. Whilst exploring blockchain investments and technology, he took on the roles of Director of Engineering at Swish and lead Blockchain Architect at THORChain. Jazear also develops proprietary quant trading algorithms and trades crypto frequently.

Kai Ansaari

Project Lead

Kai is an accomplished project manager with over a decade of experience delivering complex technology projects including #IOT, #digital & #Blockchain with passionate teams. Expertise: • Project management • Agile coaching • Project deep dive & rescue • Digital strategy • Blockchain & web 3.0 Qualifications & Accreditations: • Masters of IT Project Management (RMIT 2015-2019) • Project Management Professional (PMI) • Agile Certified Practitioner (PMI) • Certified Scrum Master (Scrum Alliance) • Professional Member BCS (British Computer Society)

Masternode Ventures

Masternode Ventures is a blockchain venture studio that invests and incubates promising blockchain projects. Masternode began in 2017 and has helped the following projects: Loki - a decentralised mixnet CanYa - a decentralised serviceplace Trust Wallet - a token wallet and Dapp browser Legaler - a decentralised serviceplace for law Liven - food rewards