Rune is the native coin of ThorChain. Within the network it acts as a base pair for users to swap RUNE for any other supported asset. It has a supply of 500 million and four main use cases: settlement, security, governance and incentives. Rune is the settlement asset for all liquidity pools, facilitating swaps between two pools. A 1:1 ratio of RUNE:ASSET is required for each pool. For example a pool with $100,000 in BTC will need to hold $100,000 worth of RUNE. To ensure security, node operators have to bond twice as many RUNE as the amount they added to the pool. Rune´s market cap should be minimally three times the total value of non-RUNE assets in the ecosystem´s liquidity pools.
As a cross-chain Decentralised Exchange (DEX) in DeFi, Thorchain enables autonomouse asset swaps.The design of RUNE allows THORChain´s native swap model to be used in a decentralised environment and across multiple blockchains.
Rune´s price can be calculated. If over 80% of circulating RUNE gets locked into Thorchain liquidity pools, Rune´s market cap should be 3 times the value of non-RUNE assets locked into Thorchain liquidity pools.
In March 2021 the price of RUNE was hovering around the $21 level. Today it is only $1.15. At this price, RUNE is an absolute bargain and as soon as the general crypto market gets stronger, then this coin should at least double in a fairly short period of time. We expect it to break through it´s previous high eventually.