Altcoins News
By Dan Saada
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ThorChain (RUNE) Value
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ThorChain recently unveiled the highly-anticipated public Bitcoin testnet — swaps and pools with native Bitcoin. Users were invited to test it out.
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Thorchain claim to be a native Bitcoin and a decentralized liquidity network. Being a cross chain liquidity network, THORChain does not have pegged or wrapped tokens.
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Some users expressed that atomic swaps with a high fee blockchain like Bitcoin is a horrible idea.
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When swapping assets in Thor Chain users should swap between any connected asset pay a fee that is transparent for the access to liquidity.
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Cross Chain Transfer is very important in ThorChain. They provide a simple way to convert fiat currencies to digital assets.
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ThorChain claim to be the initial on ramp or bridge which will connect Bitcoin and other kinds of digital assets.
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Due to centralization of exchanges, the single point of failure is at the point of communication between block chains for exchanging digital assets.
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In this regard, Sydney Ifergan tweeted: “With ThorChain the BTC is always BTC and the ETH is always ETH.
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The claim is that the deterministic value of RUNE increases when more of assets flow in to the Thorchain Ecosystem.
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ThorChain states that: “The Value of $RUNE is always at least 3 times the value of assets staked in its vaults.”
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Those who are new to ThorChain should essentially know what ThorChain is all about. Thorchain continue with their primary principle of: “"Optimize for liquidity first,…
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This they feel is important to drive maximal ROI for LPs, with this pools can become deep, which drives up volume, but reduces fees for traders.
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If you like the article, feel free to send a tip to our writers in ThorCoin (RUNE) coins to: bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 - MeMo: 106502881 or any other Cryptos via…
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