The Thorchain team launched Mainnet. Rune price increased by 11%

The Torchain multi-protocol team has announced the launch of the project of the project. His Native Utility Token Rune reacted 11%tall, according to Coingecco.

SINCE April 2021, Thorchain Has Been Hardening under Its Beta Label, Multichain Chaosnet, Which Will now Transition to Mainnet.

“Since the creation in 2018, to date, Thorchain has mainly been a research project. Meinnet marks the formation of the protocol as a full -functional product with a large number of opportunities, a rich ecosystem and a strong community, ”the developers said in a statement.

Over the past week, the price of Rune has increased by 30%. At the time of writing, the token is traded near $ 2.19.

Thorchain is a decentralized protocol that allows users to exchange assets through liquidity pools in various networks like BNB Chain and Ethereum. The project also supports operations with synthetic assets.

According to the developers, during his work, the protocol processed the onchain-piles in the amount of more than $ 3.8 billion. The volume of funds blocked in his smart contracts exceeds $ 300 million.

Initially, the Rune token was released in BNB Chain and Ethereum networks. With the launch of the mainnet, the support of these assets “will gradually decrease”. Tokens holders were recommended to exchange them for native.

A number of centralized exchanges, including Binance and Crypto, have Brown Rudnick у already announced a list of the latter.Com.

1/ @thorchain mainnet is opening up the floodgates! @binance, @kucoincom, and @cryptocom all annl annll Support NATIVE $ RUNE The Past Few Days. What an Exciting Time to be a #thorchad! LFG!

– Impossiblehunter77⚡ (@imposiblehunt7) June 23, 2022

Within the framework of the marketing campaign around the launch of the main network, the Thorchain team introduced the Rune in A Million initiative with Binance. The latter implies the distribution among the users of the platform $ 1 million in Rune.

Recall that in November 2021, the decentralized Thorswap exchange based on Thorchain attracted $ 3.75 million according to the results of private tokensil.

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