Review on THORChain by Umut ERDOGAN
Thor's Sword
Thorchain (RUNE) crypto money project managed to attract the attention of many investors after being listed by Binance, one of the crypto money exchanges, today. Despite this, it seems that the foundations of the project date back to 2018 and this is a relatively old project.
THORChain is a decentralized cross-chain exchange where investors can exchange cross-chain assets through pools of liquidity across Binance Chain, Ethereum, and Bitcoin.
Users can stake in liquidity pools to earn yields for digital assets in rune tokens from trading fees and rewards within the rune, the natural token of THORChain.
THORChain uses the Continuous Liquidity Pool (CLP) to dynamically adjust transaction fees according to transaction size.
RUNE will need to be connected to run a node in the THORChain ecosystem and earn rewards.
Pros
- Fast processing
- Reliable
- Low transaction fee
Cons
- Now down
- Bad Support
