Currencies
8248
Market Cap
$ 1.53T
-3.97%
24h Spot Volume
$ 61.69B
-20.1%
BTC Dominance
46.33%
+0.09%
ETH Gas
23 Gwei

Thorstarter [XRUNE]

 
Rank: 403
Token:
Ethereum
USD 0.0828
25.42
BTC 2.21e-6
31.52
ETH 0.0000373
33.48

Thorstarter is a liquidity relayer and IDO platform for THORChain

Thorstarter Market Cap

$ 47,710,852 
Ƀ 1,271
FDMC: $ 82,821,550 
ATH: $ 211,205,202 

24h Trade Volume

$ 418,131 
Ƀ 11.14
XRUNE 5,048,582

Supply

Circulating:
XRUNE 576,068,086(57.61%)
Total:
XRUNE 1,000,000,000

All-Time-High (ATH) Price

$ 0.367 (15 Jul 2021)
Ƀ 0.0000116 (15 Jul 2021)
ETH 0.000192 (15 Jul 2021)
From ATH: -77.4%

Thorstarter (XRUNE) is a cryptocurrency token generated on the Ethereum blockchain.

The total supply of Thorstarter that will ever be issued is 1.00 Billion tokens, and the current supply of XRUNE in circulation is 576.07 Millions tokens.

Current Thorstarter price is $ 0.0828 moved up to +25.4% for the last 24 hours.

All time high (ATH) price of Thorstarter reached $ 0.367 on 15 Jul 2021 and fallen -77.4% from it.

Thorstarter's share of the entire cryptocurrency market is 0.00% with the market capitalization of $ 47.71 Millions.

Thorstarter’s 24 trading volume is $ 418.13 Thousands. It is trading on 1 markets and 1 Exchanges the most active of them is SushiSwap.

Thorstarter Price

Thorstarter price Index provides the latest XRUNE price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Thorstarter to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

XRUNE to USD Converter

XRUNE

Thorstarter Quarterly Returns (%)

YearQ1Q2Q3Q4
2021--+204.4%-

Thorstarter Closing Price (USD) - Quarterly

YearQ1Q2Q3Q4
2021----

Thorstarter Price (XRUNE - USD)

PeriodChangeChange (%)HighLow
24H$ 0.0168+25.4%$ 0.089$ 0.0618
7D-$ 0.100-54.7%$ 0.227$ 0.0267
14D-$ 0.167-66.8%$ 0.367$ 0.0267

Thorstarter Annual Price

YearUSDHighLow
20210.00%$ 0.367$ 0.0267

What is Thorstarter

Understanding XRUNE

XRUNE is the settlement currency of the THORSTARTER protocol.

After a project is selected, an additional pool of XRUNE will be seeded together with a project’s token - “ASSET” - for an initial IDO launch. The proposed distribution mechanism for provisioning liquidity and resources to Thorstarter IDOs will be discussed later.

In positioning XRUNE as a pair on both Thorchain and on AMMs on different chains, Thorstarter acts as a liquidity relayer for long tail crypto assets. Users will be able to swap cross-chain assets using an XRUNE-ASSET liquidity relay, regardless of whether or not ASSET is in an approved Thorchain pool. This will ultimately serve as an alternative to centralized exchanges (CEXs) like Coinbase and Binance and single-chain decentralized exchanges (DEXs) like Bancor, Uniswap and Pancakeswap.

An additional relay mechanism is needed to swap between assets using the underlying RUNE pools on Thorchain. XRUNE provides an effective medium to access cross chain liquidity provided by CLPs by using secondary token XRUNE to pair with base RUNE. New assets can be paired with XRUNE in new XRUNE-ASSET pools to access the same liquidity as short tail crypto majors.

In essence, Thorstarter takes the original design of Thorchain and adds a liquidity relay to it. Assets paired with XRUNE can access RUNE liquidity without needing to hit the minimum required RUNE liquidity in Thorchain pools. This allows cross chain swapping without the required RUNE depth. This will bring additional liquidity to both base RUNE and XRUNE asset pairs.


Function of XRUNE

Thus, XRUNE has three primary functions:

First, XRUNE is paired with RUNE as a liquidity pool on Thorchain. LPs earn fees in both RUNE and XRUNE, based on the volume of transactions occurring between these assets block by block. This follows the standard rewards model of all other approved RUNE-ASSET pools on Thorchain.

Second, XRUNE is a token whose utility is early access to projects which IDO on Thorstarter. Approved projects are seeded with XRUNE liquidity by the Thorstarter DAO, creating XRUNE-ASSET pools on secondary market AMMs. XRUNE is required to participate in the initial liquidity event.

Third, XRUNE is paired with ASSETs on external AMMs, either as provisioned liquidity by the Thorstarter DAO or simply by LPs looking to gain exposure to yield. External LPs earn fees based on the fee structure of the AMM where they provide liquidity. In the case of Eth-based AMMs Uniswap and Sushiswap, this fee is 0.3%. In the case of Pancakeswap on BSC, this fee is 0.2%.

Thus, XRUNE has three primary functions:

First, XRUNE is paired with RUNE as a liquidity pool on Thorchain. LPs earn fees in both RUNE and XRUNE, based on the volume of transactions occurring between these assets block by block. This follows the standard rewards model of all other approved RUNE-ASSET pools on Thorchain.

Second, XRUNE is a token whose utility is early access to projects which IDO on Thorstarter. Approved projects are seeded with XRUNE liquidity by the Thorstarter DAO, creating XRUNE-ASSET pools on secondary market AMMs. XRUNE is required to participate in the initial liquidity event.

Third, XRUNE is paired with ASSETs on external AMMs, either as provisioned liquidity by the Thorstarter DAO or simply by LPs looking to gain exposure to yield. External LPs earn fees based on the fee structure of the AMM where they provide liquidity. In the case of Eth-based AMMs Uniswap and Sushiswap, this fee is 0.3%. In the case of Pancakeswap on BSC, this fee is 0.2%.