THORSwap Airdrop Review: THORSwap Will Airdrop 5%

THORSwap Airdrop Review: THORSwap Will Airdrop 5%

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About THORSwap Airdrop

THORSwap Airdrop is the world’s first Multichain DEX that utilizes the THORChain network to provide a front-end user interface to perform cross-chain swaps. This is done in a permissionless, trustless, and non-custodial manner. There are no pegged or wrapped assets, it is purely native.

THORSwap will be airdropping a total of 5% of the total supply to various early users of the platform. THORName buyers, THORSwap traders and Liquidity providers, active Discord members and THORChain supporters and community members will be eligible for the airdrop. More details regarding the airdrop are yet to be announced.

BasicDetails
Token NameTHORSwap Airdrop
PlatformRUNE
Total Value5% of the total supply
Estimated  ValueN/A
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-By-Step Guide

  1. THORSwap will airdrop 5% of the total supply to various early users of the platform.
  2. THORName buyers, THORSwap traders and Liquidity providers, active Discord members and THORChain supporters and community members will be eligible for the airdrop.
  3. The snapshot details are yet to be announced.
  4. Follow their social channels to stay updated about the airdrop.
  5. Check out the airdrop announcement tweet from here.

Technology

THORChain is a decentralised cross-chain liquidity protocol based on Tendermint & Cosmos-SDK and utilising Threshold Signature Schemes (TSS). It does not peg or wrap assets, it simply determines how to move them in response to user-actions.

THORChain observes incoming user deposits to vaults, executes business logic (swap, add/remove liquidity), and processes outbound transactions. THORChain is primarily a leaderless vault manager, ensuring that every stage of the process is byzantine-fault-tolerant.

THORChain’s key objective is to be resistant to centralisation and capture whilst facilitating cross-chain liquidity. THORChain only secures the assets in its vaults, and has economic guarantees that those assets are safe.

What is THORSwap?

THORSwap is the world’s first Multichain DEX that utilizes the THORChain network to provide a front-end user interface to perform cross-chain swaps. This is done in a permissionless, trustless, and non-custodial manner. There are no pegged or wrapped assets, it is purely native.

The THORChain Difference

THORChain offers the following breakthroughs:

  • Complete transparency on the liquidity and logic of the entire network at all times.
  • Distribution of risk across the 99 THORNodes.
  • Permissionless access to global liquidity.
  • Manipulation-resistant price feeds.
  • Deterministic always-on liquidity for all assets.
  • Shared incentives for all participants.
  • Non-custodial staking of assets.

Rune

RUNE is the asset which powers the THORChain ecosystem and provides the economic incentives required to secure the network. RUNE has four key roles which are described below.

  1. Liquidity (as a settlement asset)
  2. Security (as a sybil-resistant mechanism, and a means for driving economic behaviour)
  3. Governance (signalling priority on-chain)
  4. Incentives (paying out rewards, charging fees, subsidising gas)

THORNodes

THORNodes service the THORChain network, of which there is intended to be initially 100, but can scale to 300. The design goal of THORChain is such that anyone can join the network with the required funds (permissionless) *and be anonymous*, yet still be secure. THORChain takes this a step further by having a VERY high churn schedule, kicking out nodes continuously.

This high-churn network ensures that it is censorship-resistant, evades capture and resists centralisation. Each THORNode is comprised of several independent servers in a cluster, which run full-nodes for each connected chain, a THORDaemon and a Midgard API. THORNodes should be anonymous, do not support delegation and are regularly churned out.

Is the team profit oriented?

No – not profit orientated. All fees go back to users. There is no revenue model for the team via the protocol. All swap fees go to liquidity providers, all protocol fees are burned, emissions/block rewards go to validators. The team are incentivised through holding the same RUNE as everyone else. The team are providing a service, a service that contributes to the decentralisation of the whole crypto ecosystem. We are the first multi-chain DEX with native assets!