Thorchain (N/A) Initial Coin Offering - ICO Details & Financial Information

ICO NameThorchain
SymbolN/A
Start DateOctober 01, 2018
End DateSeptember 30, 2020
CountrySwitzerland
PlatformEthereum
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THORChain is a highly optimised multi-chain using pBFT consensus to achieve sub-second block finality. Tokens are traded on single chains, known as tokenChains with discrete address spaces. Multi-set sharding is proposed to allow byzantine resistant scaling. The native protocol facilitates on-chain trading and order matching at the protocol level, supporting both limit and market orders. Continuous liquidity pools ensure liquidity is always available for any token pair, and double as the source of trustless on-chain price feeds, a cornerstone of the protocol. Fee incentives are designed to continually attract on-chain liquidity. On-chain token generation is built-in for both fixed and variable supply tokens, with the potential for auditable collateralized stablecoins. Two-way pegs with UTXO, account and contract-based cryptocurrencies allow most existing cryptocurrencies to seamlessly move on and off THORChain. Transparent developer incentivisation strategies allow wallet and exchange developers to be funded at the protocol level which will encourage a vibrant developer community. On-chain governance and smart updates with enforced voting and quadratic voting ensures THORChain is an adaptive and iterative platform that grows with its needs without contentious hard forks. THORChain is built to be compatible with the Flash Network; a layer 2 payment channel network.

ENGINEER
MANAGEMENT, MARKETING
DEVELOPER

$RUNE is gonna be my second CHAD COIN review.
Uploading this weekend.
Only the cream of the crop are considered for entry into the frogster's 'CC' series.
THORChain -- like $RSR -- is a no-brainer.
$TRB and $NYZO coming soon too.
SUBSCRIBE ~~
https://www.youtube.com/channel/UCx8l7guk4wfu481pJs-uu1g https://twitter.com/thorchain_org/status/1245886647486447617

THORChain ⚡️ᚱ@thorchain_org

Although $RUNE is a strictly-scarce asset (finite supply) there is a large reserve (220m RUNE) that is allocated to paying out block rewards.

Network fees (for every swap) constantly top up the Reserve. https://twitter.com/rebasefoundtn/status/1245874666973081606

The THORChain project is reaching a point of lift-off in terms of mind-power committed to the project:

* More community contributors to the codebase
* THORNode operators building infra
* Community promotion
* Community-initiated research

We're not going back $RUNE

THORChain fee model:

1) The service being demanded is liquidity, so charge a slip-based fee
2) Add a fixed-fee to cover outgoing gas and provide a cost floor
3) Pay out emissions to pools, which dilutes non-participating holders, in favour of participating users

$RUNE

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Price0.0185 USD Sale500,000,000 Payment ModeN/A
Minimum InvestmentN/A DistributionN/A RaisedN/A
Soft CapN/A Hard Cap176,800 ETH

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General ICO Warning:

Due to the high number of scams associated with initial coin offerings, Wise Cryptos does not recommend investing in any ICO. There are many sources quoting anything from 80% up to 95% failure rates of Initial Coin Offerings for one reason or another. While the exact figures are difficult to accurately identify, the overall trend is worrying and investing in an ICO often feels as risky as wildly and irresponsibly gambling at a cryptocurrency casino. This is a real shame for the genuine projects with real promise and practical and useful real world application.

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