Greetings, Pi42 traders! Get ready to explore a world of boundless liquidity with the arrival of ThorChain (RUNE) on our platform, get ready to explore a world of boundless liquidity. Now, you can seamlessly buy, sell, and trade RUNE tokens with Indian Rupees (INR) right here on Pi42.
What is ThorChain (RUNE)?
Launched in 2018, ThorChain is a revolutionary project aiming to break down barriers in the DeFi landscape. It’s a decentralised liquidity network (DLN) that offers:
- Cross-Chain Liquidity Swaps: ThorChain allows users to swap cryptocurrencies directly between different blockchains, eliminating the need for centralised exchanges.
- Community-Governed Network: RUNE token holders participate in network governance, shaping the future of the protocol.
- Lower Fees: By leveraging a network of liquidity pools, ThorChain potentially offers lower fees compared to traditional centralized exchange models.
Key Features of ThorChain:
- Decentralised Infrastructure: Empowers users to maintain control over their assets and eliminates reliance on centralised custodians.
- Multichain Compatibility: ThorChain supports a growing list of major blockchains, allowing for seamless asset exchange across ecosystems.
- Automated Liquidity Management: Utilizes a system of liquidity pools managed by users who earn RUNE tokens as incentives.
Trading RUNE/INR on Pi42:
Excited to explore the possibilities of decentralised cross-chain liquidity? Here’s a quick guide to get started:
- Login: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose RUNE/INR from the dropdown menu.
- Define your Position: Enter the desired investment amount, select your preferred leverage (if applicable), and adjust the percentage according to minimum asset requirements.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage risk.
- Execute your Trade: Click Buy/Long or Sell/Short based on your market analysis.
- Track your Trade: Monitor your open positions in the “Orders and Positions” section below the trading chart.
Unlock the Power of Decentralized Liquidity with ThorChain
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.