Thorchain (N/A) 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

It’s difficult. But certainly possible.

There are two key problems:
– ensuring security of pooled capital
– preventing a Sybil attack

Economics can be combined with the latest in replicated state machines and multi-party computation to achieve this.

Teemu Paivinen@teempai

Truly decentralised cross-chain exchange is an existential necessity for crypto.

THORChain is a PoS network. The highest bonded node enters to secure the system and underwrites the staked capital.

The team are obsessed with $URNE distribution – it’s the only thing that keeps it safe. These two tools help:

https://runedepth.herokuapp.com/
https://runedistribution.herokuapp.com/

On December 1 there was 582 stakers and 79.6% supply locked for #rune

Today 15 of December there is 720 stakers and 85.26% supply locked.
This clearly show how much trust is in @thorchain_org project.

2

THORChain is a proof-of-stake network that secures capital.

It cares about two things only:
– Liquidity
– The security of that liquidity.

Everything else is noise.

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Price0.0185 USDSale500,000,000Payment ModeN/A
Minimum InvestmentN/ADistributionN/ARaisedN/A
Soft CapN/AHard Cap176,800 ETH

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