In positioning XRUNE as a pair on both Thorchain and on AMMs on different chains, Thorstarter acts as a liquidity relayer for long tail crypto assets. Users will be able to swap cross-chain assets using an XRUNE-ASSET liquidity relay, regardless of whether or not ASSET is in an approved Thorchain pool. This will ultimately serve as an alternative to centralized exchanges (CEXs) like Coinbase and Binance and single-chain decentralized exchanges (DEXs) like Bancor, Uniswap and Pancakeswap.
An additional relay mechanism is needed to swap between assets using the underlying RUNE pools on Thorchain. XRUNE provides an effective medium to access cross chain liquidity provided by CLPs by using secondary token XRUNE to pair with base RUNE. New assets can be paired with XRUNE in new XRUNE-ASSET pools to access the same liquidity as short tail crypto majors.Let's Start
THORSTARTER uses $XRUNE as a settlement currency between new projects (IDOs) and Thorchain’s active pools. $XRUNE: $RUNE pool in THORChain acts as a “Liquidity relayer” between short-tail and long-tail assets.
Network Security Thorstarter utilizes the existing decentralized security framework of Thorchain. Thorstarter utilizes Thorchain network validators and nodes to ensure security, including witnessing cross chain transactions. Bonded RUNE works to ensure that network security is maintained.
XRUNE is a token whose utility is early access to projects which IDO on Thorstarter. Approved projects are seeded with XRUNE liquidity by the Thorstarter DAO, creating XRUNE-ASSET pools on secondary market AMMs. XRUNE is required to participate in the initial liquidity event.
XRUNE is paired with RUNE as a liquidity pool on Thorchain. LPs earn fees in both RUNE and XRUNE, based on the volume of transactions occurring between these assets block by block. This follows the standard rewards model of all other approved RUNE-ASSET pools on Thorchain.
Breakdown of tokenomics and initial liquidity bootstrapping.
The use of cryptocurrencies has become more widespread, The origin platform idea. Development of the concept and business plan.
Airdrop & Pre-Sale Started
Airdrop & Pre-Sale will Closed
Burning Unclaim & Unsold Token
Thorstarter swapping functionality