THORChain (RUNE) is the native cryptocurrency of a decentralized liquidity network. This network aims to allow users to instantly exchange their assets without the risk of manipulation. These swap transactions are carried out through permissionless cross-blockchain liquidity pools. Users can also earn additional income from transaction fees by staking if they wish.
What is THORChain (RUNE)?
The network, which allows staking on different blockchains, pays for this service in ThorChain Coin, or RUNE Coin. Users earn THORChain Coin regardless of the fund they stake if they do it through the THORChain network. Investors can follow price data in the relevant investment pools and additionally seize arbitrage opportunities.
Each cryptocurrency project can use its own assets for staking and increase its token liquidity with THORChain. As of the writing of this article, THORChain is trading at $0.72 and is the 91st largest cryptocurrency. With a total market value of over $115 million, RUNE has a supply of 500,000,000, but only 158,432,088 are in circulation.
THORChain is available for purchase on Binance.
Where to Buy RUNE Coin?
How exactly do you buy RUNE Coin? Binance stands out as the most popular platform for users in this regard, thanks to the liquidity and security it offers.
- To buy RUNE Coin, first deposit USD balance to the exchange or purchase a cryptocurrency that can be used instead. To do this, go to the Binance homepage, click on the “Buy Crypto” option at the top left, and then click on the “Credit/Bank Card” tab.
- In the opened tab, choose how much USD you want to spend, and select Tether, i.e., USDT, from the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type RUNE in the search button, and select the opened RUNE/USDT pair below.
- Then go to the “BUY RUNE” tab in the middle, enter the amount you want to buy.
- Enter the amount you want and complete the RUNE Coin purchase by confirming the transaction.
