RUNEVM
Crypto Overview
Overview
RUNEVM is the Ethereum-based version of THORChain's RUNE token, created specifically for Ethereum Virtual Machine compatibility. The token serves as a bridge between THORChain's native ecosystem and EVM-compatible chains.
Purpose and Utility
The primary purpose of RUNEVM is to facilitate cross-chain liquidity and decentralized exchange operations within the THORChain ecosystem. It functions as both a utility token for network operations and a governance token for protocol decisions.
Business Model and Operations
THORChain operates as a decentralized liquidity protocol that enables cross-chain asset swaps in a non-custodial manner. The business model revolves around providing liquidity and earning fees from swap transactions. This aligns with Islamic finance principles as it involves actual asset exchange and value creation through facilitation of trade.
Development Activity
THORChain maintains active development with regular updates and improvements to its protocol. The project has demonstrated consistent technical progress and maintains transparency in its operations.
Token Distribution
RUNEVM maintains the same tokenomics as the native RUNE token, with a transparent distribution model. The token is primarily used for network security, liquidity provision, and governance.
Crypto Impact
To assign a comfort level investing in RUNEVM 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 RUNEVM.
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.