What is RUNE coin? What are the characteristics of RUNE coin?
RUNE coin: the hub connecting the cross-chain world
RUNE coin is the native token in the Thorchain ecosystem. Thorchain is a decentralized liquidity network that aims to Facilitating the exchange of cryptocurrencies between different blockchains. RUNE coin plays an important role in Thorchain, and its functions include:
Cross-chain transactions: RUNE coin is the medium for Thorchain cross-chain transactions, allowing users to seamlessly exchange cryptocurrencies between different blockchains.
Liquidity Incentives: RUNE coin holders can receive rewards by providing liquidity, thus incentivizing them to participate in the Thorchain network.
Governance: RUNE coin holders have Thorchain governance rights and can participate in the decision-making and development of the network through voting.
Staking: RUNE coins can be staked on the Thorchain network to support cross-chain transactions and receive rewards.
Scarcity: The total supply of RUNE coins is 100 million, of which 50% is allocated to liquidity providers, 25% to the team and advisors, and 25% to the community.
With the continuous development of cross-chain technology, Thorchain and its native token RUNE are expected to play a more important role in the cryptocurrency ecosystem. As the network grows in size and becomes more widely adopted, RUNE Coin will benefit and gain further momentum.
The above is the detailed content of What is RUNE coin? What are the characteristics of RUNE coin?. For more information, please follow other related articles on the PHP Chinese website!
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