As many of you will know by now, Thorchain is one of my favorite crypto projects. This is simply because it makes it possible to do the impossible: swap cryptocurrencies natively between chains without a centralised exchange.
It’s been a few months since I covered the project, and I figured it was about time for an update, especially since Thorchain has some exciting milestones on the horizon. The most significant of these is its main net launch which is tentatively scheduled for July.
In preparation for main net, Thorchain has been in the process of adding new features to its protocol. Support for Dogecoin happened not long ago and synthetic assets just launched. Support for Terra will happen any minute now with 9 additional cryptos set for support.
Now, despite everything Thorchain has accomplished over the last few months, RUNE’s price hasn’t been looking that pretty, and I think this can be boiled down to its aggressive vesting schedule. The good news is that upcoming milestones will likely create lots of demand.
All in all, it looks like Thorchain is ready for an amazing year, but I do see a few concerning things on the horizon.
Be sure to stick around until the end to get the full story!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Thorswap: https://thorswap.finance/
► Thorwallet: https://www.thorwallet.org/
► Runebase: https://www.runebase.org/
► Thorchain Medium: https://medium.com/thorchain
► Thorchain Accelerated Vesting: https://medium.com/thorchain/all-in-o…
► RUNE Original Vesting: https://messari.io/asset/thorchain/pr…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.