Why I Invested in Thorchain's (RUNE) Token? Top 3 Reasons to Invest in Thorchain's (RUNE) Token
Hey All,
I have been hearing about THORChain's RUNE token for quite some time and the RUNE token has been on my radar to buy these tokens as opportunity stroik. In a nut shell THORChain's (RUNE) is a liquidity network built on top of Tendermint and Cosmos SDK. Leveraging THORChain, users can swap their tokens between different blockchains. In simple words THORChain enables cross-chain swaps i.e. swapping crypto-assets like Bitcoin and Ethereum and other blockchains. And RUNE is the governance token of THORChain...
This is how the THORChain's RUNE chart looks like in time frame of 3 months
At some point in time during march it used to trade around $13+ and currently its being traded for $3+ only. I have heard a lot about the RUNE here @leofinance portal and its been on my watch list to grab these RUNE tokens.
Finally, the day came and I did buy close to 300 RUNE tokens today. Here is the snapshot of the price and the RUNE tokens bought. The plan is to buy more RUNE tokens, if the price drops further. As of now I am targeting to have at least 1K+ RUNE tokens.
It should be long journey from here but who knows if the price crashes. I am definately gonna grab this opportunity and buy in as many THORChain's RUNE tokens that I can. Now that, we have a bit of background around Thorchain. Lets get back to the main topic of my::
Top 3 Reasons to Invest in Thorchain's (RUNE) Token
No. 1 - RUNE Token supply is limited to 500Mil.
There will be only 500Mil. RUNE tokens in circulation. This is a very small number as opposed to tokens where we see the token supply is in Billions.. that's way to much...
No. 2 - RUNE token is the governance token
Governance tokens gives its users the right to vote on a blockchain various proposals. The larger stake you have the more it counts towards making changes to the Blockchain proposals. Governance tokens simply allows the token holders to help shape the future of a protocol; put it that ways.
No. 3 - RUNE & My personal interest
Let me put this way, I have been monitoring RUNE for quite a long time now. And seeing the price of the token tank from $13+ to $3+ I thought this is the right opportunity to buy in some RUNE tokens and continue to build my portfolio with it until I have surpassed having close to 1K+ RUNE tokens in my wallet...:-)
Is RUNE a part of your crypto portfolio? What do you think about the future of Thorchain's (RUNE) Token? let me know about it in the comment box below...
Image Courtesy:: cmc, binance, academy.binance.com,
Best Regard
Posted Using LeoFinance Beta
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Do you know the legal name of @themarkymark ???? It is needed to contact his local police station. Any information to his whereabouts would be much appreciated.
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Great choice for sure! I am kinda all in on Hive...
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Thank you dear @tobetada, am just trying to diversify my crypto portfolio.cheers
That's a nice move :) All the best to you on your investments. I've also read about RUNE from other users here and from Khal as well but never really looked into it. Would be great to have a share of that 500Mil :)
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Rune is one of my favorite projects. I found out about it because of LeoFinance and invested in it kind of early. I was lucky to see it do a 10x back then.
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I've been dollar cost averaging on RUNE ever since I read ab article about it..
I think it's a good buy right now, if it tank back to $13 you will be getting more than X4 of your investment
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@tipu curate
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I have been getting RUNE and adding to it by using THORChain and strategically trading to increase my RUNE holdings (mostly LP'ing with BTC or BUSD when RUNE runs up too hot).
I think THORChain has solved the biggest problem since BTC solved the double spend and that is to exchange native assets with no centralized entity or wrapping of coins. Therefore I see it as a top 5 currency in the not too distant future.
Posted Using LeoFinance Beta
I have some instructional articles written in my blog too if you are interested in using the chain (which you should be interested in).
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https://twitter.com/noadvice3/status/1532619429753892865
https://twitter.com/shortsegments/status/1558015635635900416
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