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Author Topic: [ANN] |THORChain| ⚡️⚡️THE LIGHTNING FAST DECENTRALISED EXCHANGE PROTOCOL ⚡️⚡️  (Read 1658 times)
thorchain
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November 07, 2018, 09:30:25 PM
Last edit: December 14, 2018, 11:57:22 AM by thorchain
 #1



















Introductory video:



Recent announcements:


ASGARDEX exchange project voting is currently underway! To vote for your project on ASGARDEX click here!

For detailed instructions on how to vote click here
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



THORChain unique features:

•  Users are incentivised to stake liquidity to earn liquidity fees. This works in such a way that token pairs with lower liquidity net the user higher fees. This mechanism ensures that each trading pair has sufficient liquidity.

•  Each token holder is able to stake the native token to participate in on-chain governance and earn part of the block rewards along with block producers.

•  Yggdrasil protocol is a novel sharding mechanism unique to THORChain. Unlike legacy sharding applications which reformat databases tables into horizontal rows, Yggdrasil Protocol deploys a vertical sharding technique based on transactions between entire chains that are stored on different nodes. This framework is more effective because it removes the need for a validator to piece together shards and is in turn ideal for cross-chain token transactions and trading.

•  Bifrost protocol enables the creation of fast and secure cross-chain bridges that allow trading of any token pair on the dex.

•  Completely transparent distribution and funding goals that are locked by development milestones.


Whitepapers:

THORChain
Yggdrasil Protocol
Bifrost Protocol
Flash Network
Asgardex
Aesir protocol

Note:
Even though some segments of the THORChain ecosystem are named as protocols, all of them are different parts of the same THORChain blockchain and ecosystem.
Most of the whitepapers are quite technical and provide in-depth explanations. For an easier and faster read, we recommend reading the medium articles.
- THORChain master whitepaper is the longest whitepaper and explains the ecosystem in detail.
- Yggdrasil whitepaper explains the novel sharding mechanism that THORChain will use.
- Bifrost whitepaper explains how cross-chain bridges are formed and utilised on THORChain.
- Flash Network whitepaper explains how the layer 2 payment network will work on top of THORChain and will allow instant trades across all tokens and liquidity pools.
- Asgardex whitepaper provides details on how the Asgardex exchange will work.
- Aesir Protocol details how on-chain governance and changes will be implemented on THORChain.


Medium articles

The Journey to Asgard
Rune, the Liquidity of THORChain
THORChain's Liquidity Breakthrough
Bifröst Protocol: Bridging Chains Safely
How THORChain Enables Equitable On-Chain Governance and Participation
Yggdrasil Protocol:THORChain's Unifying Solution to Blockchain's Scalability Trilemma
Voting on ASGARDEX
THORChain- A Solution for Decentralized Exchange with Incentivized Liquidity
Journey to ASGARDEX — Perfectly Liquid Decentralized Exchange
Blockchain Interoperability — Moving Assets Across Chains
How does THORChain Stack Up To Other Decentralized Exchanges? Part 1
How does THORChain Stack Up To Other Decentralized Exchanges? Part 2

Dev Updates

07-Nov-2018; THORChain Video Update 002:ASGARDEX Buy Orders, Sell Orders, and Order Books
02-Nov-2018; THORChain Blog Update 002
31-Oct-2018; THORChain Video Update 001:Cross chain Transactions & Continuous Liquidity Pools
19-Oct-2018; THORChain Blog Update 001


If you would like to stay in touch and find out more about THORChain you can join us on the following pages/channels:

Project Website
Development progress
Blockchain Explorer
Github
Medium
Twitter
Reddit
Telegram Community
Telegram Announcements
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November 09, 2018, 11:02:33 AM
 #2

Looks quite advanced and innovative. How much have you raised so far and is there an MVP or some kind of demo?
thorchain
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November 09, 2018, 12:31:25 PM
 #3

You can see exactly how much is raised at any point by going to https://thorchain.org/token.

The whole funding phase is planned to last about two years as the project develops. Each funding tranch is consistent with predefined roadmap development milestones which means we will open up new tranches as the project hits its dev milestones. The ETH:RUNE ratio is different in each tranch however.

Regarding the MVP, our testnet is already operational and you can see it at https://thorchain.info/. You can also find the dev demo videos in the ANN thread which showcase various functionality.
Lastly, we are launching a public Alpha of our ASGARDEX exchange later this month!
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November 09, 2018, 12:37:11 PM
 #4

I'll have to look further into all the infos, whitepapers & such but this sure looks good and at the very least interesting.

Genesisnetwork.io │ P2P Payment Ecosystem │ POW-MNs
Solution for businesses & e-commerce
Fair Launch │ Airdrops & Bounties
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November 09, 2018, 02:22:26 PM
 #5

Everything is good, but you havent marketing, like the signature company's social media and airdrop.
The project itself looks very unusual and something new. But you need a large community to develop and promote, and this requires a part of the fund going to advertising.

Crypto is a very unique industry, where the line between "deserves to be in jail" and "leading member of the community" is as thin as one-ply toilet paper.
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November 09, 2018, 02:34:05 PM
 #6

Claiming to be one of the most useable, most secure exchanges is a lil bit early. We will see your true performance once your exchange is already up and running. Everyone can state such kind of overwhelming features but in reality, very few can live up to their claim.

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starkovblue
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November 16, 2018, 08:58:28 PM
 #7

This project is completely turned down. There are no promotions and judging by the communication, then probably the developers took into account that they could not collect money and forgot about the promises. Or am I wrong?

Crypto is a very unique industry, where the line between "deserves to be in jail" and "leading member of the community" is as thin as one-ply toilet paper.
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November 16, 2018, 09:26:43 PM
 #8

Ten phases of distributions, this mean this project will do ten stage of crowdsale right ?
the price of each stage is different,, wich mean the price will increase for each stage,,
my questions is what is the basic price from this Thorchain ?
thank you






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TELEGRAM
FORUM
WIKI
thorchain
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November 17, 2018, 10:11:53 AM
Last edit: November 17, 2018, 11:57:02 AM by thorchain
 #9

This project is completely turned down. There are no promotions and judging by the communication, then probably the developers took into account that they could not collect money and forgot about the promises. Or am I wrong?

No this token sale is not designed to generate unsustainable hype. It is designed for maximum public distribution. The team continue to build and look forward to demonstrating the exchange in a few weeks.

You can also see that we are constantly updating the thread with new articles and dev updates that are being worked on.

Everything is good, but you havent marketing, like the signature company's social media and airdrop.
The project itself looks very unusual and something new. But you need a large community to develop and promote, and this requires a part of the fund going to advertising.

As this is an open project that anyone can apply to join and contribute, the goal is to scale the project in size, community and manpower further it goes.
Furthermore 10% of the public distribution proceeds goes to branding and promotion. There are also promotions that are active right now, like RUNE giveaway for the first 1000 people that signup and use the upcoming ASGARDEX exchange!

Truth to be told the THORChain team has taken all the steps necessary to make this distribution as transparent as possible and true to the original crypto spirit by Satoshi Nakamoto. The tranches are locked behind development milestones ensuring that at no point the team has more funds for its operational costs than it is necessary.

So in short, this project is committed and focused on delivering value instead of hype.


You can stay up to date by jumping on the team's socials.

thorchain
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November 17, 2018, 10:13:45 AM
 #10

Ten phases of distributions, this mean this project will do ten stage of crowdsale right ?
the price of each stage is different,, wich mean the price will increase for each stage,,
my questions is what is the basic price from this Thorchain ?
thank you

The first tranche is priced at 1 ETH to 12500 Rune. All stages are fixed to Ether prices. This is designed to ensure the project remains focussed on delivering, not on unsustainable hype.

You can ask more questions in the telegram channels.

Thanks
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December 04, 2018, 09:27:25 AM
 #11

The first tranche is priced at 1 ETH to 12500 Rune. All stages are fixed to Ether prices. This is designed to ensure the project remains focussed on delivering, not on unsustainable hype.

You can ask more questions in the telegram channels.
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December 05, 2018, 07:31:18 PM
 #12

I think lots of people just can't find this thread. Grin Please post it on "social media" too. I'm 100% sure that it will give more attention.

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December 06, 2018, 11:32:45 PM
 #13

A lot of exchanges have token holder rewards.  What will make THORChain different from all the rest?  Also, any KYC requirements besides the over $10,000 withdrawal?  Cannot acquire tokens as USA customer. Will this change?

BTW, had a hard time finding this thread, even with the airdrop bot's help.
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December 07, 2018, 09:41:17 AM
 #14

I am quite impressed with the whole concept of this project and the core dev team working on the project seems brilliant and reliable as well. I just want to ask, what is the advantage of thorchain among other existing ICOs nowadays? I wish all the best of the team and the whole community as a whole.
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December 09, 2018, 04:29:42 AM
 #15

Hello. Does this project have own blockchain.?
Where we can see the blockchain explore ?
Even its not release, maybe i have to know the screenshoot of that ?
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December 11, 2018, 08:35:23 AM
 #16

hi, I just wanted to ask, when and which other exchanges your coin will be listed? also your bot doesn't have direct url link of this thread it simply directs to home page of bitcoin talk, this is just to ask for correction
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December 11, 2018, 08:39:02 AM
 #17

Hello there!!

Will Thorchain remain as a token or in immediate future or mere future, will there be a mainnet - Will thor have an independant blockchain and not on Ethereum blockchain?
Will Thorchain be an independant coin from being a ERC 20 token?

Thank you!!!

http://i65.tinypic.com/34exr42.jpg
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http://i65.tinypic.com/104g2a1.jpg
http://i66.tinypic.com/k19c1w.jpg
http://i68.tinypic.com/2mfykvs.jpg


Introductory video:

http://i67.tinypic.com/677b0z.jpg

Recent announcements:

RUNE distribution is currently underway! Click here to join!

DISTRIBUTION INFO:

1,000,000,000 RUNE to be distributed:
•  50% for public distribution
•  30% for on-chain liquidity
•  20% for open developer grants and bounties

Rune will only be distributed from sale tranches.
•  Circulating supply is only what is concurrently sold.
•  Rune is always priced in Ether.
•  Tokens available immediately to contributors.

Proceeds from the public sale
•  40% Liquidity
•  40% Development grants
•  10% Branding and Promotion
•  10% Operational

-Total of 500,000,000 RUNE(176,800 ETH) will be distributed to public over 10 tranches.

http://i64.tinypic.com/2ntyb1x.jpg

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


ASGARDEX exchange project voting is currently underway! To vote for your project on ASGARDEX click here!

For detailed instructions on how to vote click here
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



THORChain unique features:

•  Users are incentivised to stake liquidity to earn liquidity fees. This works in such a way that token pairs with lower liquidity net the user higher fees. This mechanism ensures that each trading pair has sufficient liquidity.

•  Each token holder is able to stake the native token to participate in on-chain governance and earn part of the block rewards along with block producers.

•  Yggdrasil protocol is a novel sharding mechanism unique to THORChain. Unlike legacy sharding applications which reformat databases tables into horizontal rows, Yggdrasil Protocol deploys a vertical sharding technique based on transactions between entire chains that are stored on different nodes. This framework is more effective because it removes the need for a validator to piece together shards and is in turn ideal for cross-chain token transactions and trading.

•  Bifrost protocol enables the creation of fast and secure cross-chain bridges that allow trading of any token pair on the dex.

•  Completely transparent distribution and funding goals that are locked by development milestones.


Whitepapers:

THORChain
Yggdrasil Protocol
Bifrost Protocol
Flash Network
Asgardex
Aesir protocol

Note:
Even though some segments of the THORChain ecosystem are named as protocols, all of them are different parts of the same THORChain blockchain and ecosystem.
Most of the whitepapers are quite technical and provide in-depth explanations. For an easier and faster read, we recommend reading the medium articles.
- THORChain master whitepaper is the longest whitepaper and explains the ecosystem in detail.
- Yggdrasil whitepaper explains the novel sharding mechanism that THORChain will use.
- Bifrost whitepaper explains how cross-chain bridges are formed and utilised on THORChain.
- Flash Network whitepaper explains how the layer 2 payment network will work on top of THORChain and will allow instant trades across all tokens and liquidity pools.
- Asgardex whitepaper provides details on how the Asgardex exchange will work.
- Aesir Protocol details how on-chain governance and changes will be implemented on THORChain.


Medium articles

The Rune Distribution
Contributing and Withdrawing Runes
The Journey to Asgard
Rune, the Liquidity of THORChain
THORChain's Liquidity Breakthrough
Bifröst Protocol: Bridging Chains Safely
How THORChain Enables Equitable On-Chain Governance and Participation
Yggdrasil Protocol:THORChain's Unifying Solution to Blockchain's Scalability Trilemma
Voting on ASGARDEX
THORChain- A Solution for Decentralized Exchange with Incentivized Liquidity
Journey to ASGARDEX — Perfectly Liquid Decentralized Exchange
Blockchain Interoperability — Moving Assets Across Chains
How does THORChain Stack Up To Other Decentralized Exchanges? Part 1
How does THORChain Stack Up To Other Decentralized Exchanges? Part 2

Dev Updates

07-Nov-2018; THORChain Video Update 002:ASGARDEX Buy Orders, Sell Orders, and Order Books
02-Nov-2018; THORChain Blog Update 002
31-Oct-2018; THORChain Video Update 001:Cross chain Transactions & Continuous Liquidity Pools
19-Oct-2018; THORChain Blog Update 001


If you would like to stay in touch and find out more about THORChain you can join us on the following pages/channels:

Project Website
Development progress
Blockchain Explorer
Github
Medium
Twitter
Reddit
Telegram Community
Telegram Announcements
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December 11, 2018, 09:06:35 AM
 #18

hello devs, please could you tell me what is the main purpose of rune tokens? what is karma? good luck
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December 11, 2018, 12:23:58 PM
 #19

very nice project !
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December 11, 2018, 12:25:27 PM
 #20

Thanks for great team and team.
How many tokens will supply totally?
Do you have any iOS app ?
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