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PaperCoins Newsletter: THORchain

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Welcome to this weeks edition of the PaperCoins Newsletter where the community’s favourite crypto projects get reviewed. For this week’s crypto review we have THORchain or $RUNE.

You can trade $RUNE now on Bitmax.

Find more information on THORchain at the following links:

Website
Twitter
Telegram
GitHub
Explorer

The Review:

More on THORchain

THORChain describes itself as a decentralized liquidity network that allows users to swap assets instantly at manipulation-resistant market prices. Swaps are done through permissionless cross-chain liquidity pools that allow users to stake their assets to earn trading fees. Traders can monitor pool prices and earn by arbitraging back to fair market prices. Projects can reportedly stake their treasuries to give their tokens deep liquidity.

THORChain is built for cross-chain permissionless digital asset liquidity. Stake assets in liquidity pools to earn fees, swap assets instantly at open market prices, borrow and lend on any asset, and pay in any currency. The future is open, liquid and incentivised.

Taken from Coinmarketcap and the THORchain website.

For more THORchain content on The Daily Chain see below:

BlockFyre Coin Reviews: Thorchain

THORChain to launch IDO on Binance Dex: Interview with Kai Ansaari, Project Lead

About PaperCoins

PaperCoins is a fundamental research platform for giving in-depth analysis on blockchain projects. It combines experts in different fields to produce one cohesive document to fully analyse a project. This ranges from how experienced the team is, to the UI/UX or the project and even reading through the github code to find any discrepancies.

You can find PaperCoins on Twitter.

You can read more of his work on The Daily Chain here.

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