RUNE token
Overview
RUNE functions as the native asset for THORChain, a decentralized protocol enabling cross-chain liquidity. The token serves three primary purposes: it is staked as bond collateral to secure the network, it pays for transaction fees, and it grants governance rights.
Within The Counterparty graph, RUNE connects to 3 tracked entities, most strongly to THORChain, THORChain, THORChain.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
governs | THORChain | 90% |
supports_token | THORChain | 90% |
deployed_on | THORChain | 85% |
Frequently asked questions
What is RUNE?
RUNE is a token tracked in The Counterparty knowledge graph. It is connected to 3 other tracked entities, most strongly to THORChain, THORChain, THORChain.
What type of entity is RUNE?
RUNE is classified as a token (token) in The Counterparty knowledge graph.
What is RUNE connected to?
In The Counterparty knowledge graph, RUNE is linked to 3 other tracked entities, most strongly to THORChain, THORChain, THORChain.