Rune
Crypto Overview
Purpose and Utility
THORChain is a decentralized liquidity protocol that enables cross-chain asset swaps across different blockchain networks. RUNE serves as the native token of the THORChain protocol, used for governance, providing liquidity, and securing the network through its unique economic model.
Business Model
The protocol facilitates permissionless trading of digital assets across different blockchains without wrapping tokens or requiring centralized intermediaries. Liquidity providers earn fees by depositing assets, and node operators stake RUNE to secure the network. The model is transparent and doesn't involve interest-bearing products or gambling.
Real-World Adoption
THORChain has demonstrated significant adoption with over $500 million in Total Value Locked (TVL) as of 2024. The protocol processes millions in daily trading volume across multiple chains including Bitcoin, Ethereum, and other major networks.
Platform Development
The project maintains active development with regular updates to the core protocol. The THORChain team continues to expand chain integrations and improve security measures. The GitHub repository shows consistent contributions and technical progress.
Token Distribution
RUNE's distribution is relatively decentralized, with no significant concentration among founders. The initial distribution included vesting schedules for early contributors, and the majority of tokens are now circulating in the market or locked in protocol operations.
Crypto Impact
To assign a comfort level investing in Rune from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Rune.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.