Thorchain
A lightning fast decentralized exchange protocol.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
| USD | 2019 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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THORChain is a decentralized liquidity network that facilitates cross-chain swaps without the need for pegged or wrapped tokens. Operating in the blockchain and cryptocurrency market, THORChain serves individual traders, liquidity providers, and node operators. The platform allows users to swap assets across different blockchains, stake assets to earn liquidity incentives, and run nodes to support the network. THORChain's business model is built on transaction fees and liquidity incentives, generating revenue through user participation in swaps and staking activities. The network is powered by THORNode software and supported by the Midgard API service, ensuring seamless data tracking and compatibility. THORChain's mainnet operates without caps, promoting decentralization and transparency. Key features include immediate swap confirmations, non-custodial transactions, and transparent fee structures. The platform also offers extensive documentation and developer resources to support its ecosystem.
Keywords: decentralized, liquidity, cross-chain, swaps, blockchain, cryptocurrency, staking, nodes, non-custodial, transparent fees.
