Review on THORChain by Amos joseph
ThorChain
THORChain is decentralized finance blockchain project aiming to connect decentralized liquidity network where users using different token and pools can connect directly with THORChain protocol and swap or stake their asset.
No intermediary or third party when users are swapping their token with free transparency in making transaction only users using supported wallet can make swap easily and conveniently on the go.
interested users can add pool or use existing pools to stake their token and earn passive income on THORChain also liquidity provider can earn fee and block rewards on the platform.
Overall THORChain is a DeFi system with good market potential still at it early stage with good roadmap to attract investors it is listed on coinmarket cap and traded in multiple exchange platform with considerable trading volume.
Pros
- Defi blockchain network for staking and swapping token with no third party interference
- Support fast transaction and listed on multiple exchange platform and coinmarket
- Considerable token price with with large trading volume
- Good customer support and social platform active
Cons
- Platform at early stage
