Thorchain up 8% after bug bounty news

The Fed rate hike has had a very positive impact on the overall crypto market. One of the winners was Thorchain.

Its native token RUNE continues to climb after it was announced that the bug bounty program was updated with Immunefi. The Thorchain ecosystem now pays up to $1,000,000 for critical vulnerability detection.

What is Thorchain?

Thorchain is a decentralized liquidity protocol that allows users to exchange cryptocurrencies seamlessly across a range of networks without the risk of losing control and custody of their assets.

The protocol allows users to exchange one asset for another in a permission-free environment. Liquidity can be obtained without having to rely on order books. A ratio of assets in a pool is used to maintain market prices.

RUNE is the native token of the Thorchain platform. It serves as the main currency in the Thorchain ecosystem. Platform users also use RUNE for governance and security as part of Thorchain's resistance mechanisms.

Thorchain can definitely be an investment if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take into account your risk tolerance. Don't take price predictions at face value.

Wallet investor thinks Thorchain's RUNE is a good investment. They expect a long-term rise and forecast a price of $22.72 in May 2027.

A 5-year investment should generate sales of around +214%. If you invest $100 in Thorchain now, the value of your investment could grow to $314 in 2027.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

The 5 largest platforms for non-fungible token (NFT) collectibles

Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day. More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream. But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token. Any asset that is tokenizable can be an NFT. This includes, for example, (digital) works of art, trading cards, game items and crypto domains. Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain. This allows them to store value just like real objects, even if additional copies are easy to make. For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...

From offchain to offchain: Statechains meets Lightning

Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...

Costly Mistake: Cryptocom mistakenly sent $10 million to a woman

Crypto .com made headlines again after mistakenly transferring $10 million to a client's company. This isn't the first time crypto exchanges have accidentally sent users the wrong amount. What is special about this case is that it took a long time for the company to notice the error. According to a report in Australia's Herald Sun, the Australian who received the money is known as Thevamanogari Manivel. According to the report, Manivel had already expected a $100 refund in May 2021, but the amount was much higher. Further inspection showed that whoever processed the refund made the mistake of sending Manivel's phone number instead of the actual refund enter 100 USD. It wasn't until December 2021, seven months later, that Crypto.com realized an expensive mistake had happened. An audit conducted on the crypto exchange at the end of the year uncovered the error. Crypto.com made efforts to recover the money. However, when they checked Manivel's accounts, most of t...

Cryptostreet

Search This Blog