THORChain (RUNE) stands as a decentralized liquidity protocol, streamlining cryptocurrency exchanges across networks such as Bitcoin and Ethereum while upholding user control over their assets. At the core of this ecosystem is the native utility token, RUNE, which serves multiple roles encompassing governance, security, and participation in the consensus process. THORChain avoids pegged or wrapped tokens, maintaining a 1:1 RUNE ratio in pools. Through multiple techniques, THORChain employs a decentralized model with public THORNodes and continuous node cycling, producing resistance against centralization, censorship, and capture. This aligns with the platform's goal to decentralize cryptocurrency liquidity and create a secure, efficient cross-chain swapping network.
Thorchain (RUNE) History
THORChain originated from a July 2019 initial DEX offering (IDO) on Binance DEX. The Mainnet went live in June 2022. Operating without a CEO, founder, or directors, THORChain relies on decentralized decision-making by nodes through Gitlab. The project emphasizes contributor anonymity to enhance decentralization and security, prioritizing the protection of the protocol's integrity.
Currently, Thorchain is not a supported payment method on Alternative Airlines. Nevertheless, you can securely use other alternative cryptocurrencies to complete your flight transactions on our platform, including options such as Harmony, Fantom, Ripple, Neo, Nano and more.