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Rune

Rune RUNE

About

What Is Rune (RUNE)?

Rune is an open-ended dark fantasy gaming universe built on Binance Smart Chain, where players can battle, join a guild, collect powerful weapons, and earn NFTs and cryptocurrency in the form of runes by playing.

Runes are small and rare stones inscribed with magical glyphs needed to craft Runewords (NFTs), weapons, and armor. 33 different Runes are distributed to players over two years. Each Rune has a supply of 100,000 or less, and players can earn Runes by competing against other players, joining guilds, participating in yield farms, and community participation.

The Rune universe consists of Rune Evolution, a play-to-earn game, Rune Farm, the yield farm, Runewords (NFTs), and the Rune Infinite Arena, a player-versus-player game. The team is also developing the Rune Sanctuary, an MMORPG that will be launched in 2022. Currently, Rune is running on BSC, but the team sees the universe as blockchain-agnostic and is building a bridge to Polygon.

Who Are the Founders of Rune?

Rune’s founders are anonymous. The team chose to stay anonymous to protect itself, its associates, and users from “archaic legislation imposed by governments who won’t understand the emerging DeFi field for years to come.” The team alludes to “Binzy,” which is their fill-in for the person(s) behind Rune, a real software engineer with 20 years of experience and connections in the crypto world.

In total, the team consists of 12 people: the lead dev, four unity developers, a React developer, a Solidity developer, two consultant developers, two consultant project managers, one marketing manager, one community manager, four mods and some advisors

What Makes Rune Unique?

Rune offers an attractive mix of blockchain gaming, NFTs, and elements from decentralized finance. Its universe is split into four different parts.

Rune Evolution is a play-to-earn game and was the first game built for the ecosystem. You start as a dragonling that can fly around and eat sprites to evolve into a dragon eventually. One round in the web browser-based game lasts five minutes, and players can earn crypto as a reward.

Rune Farm is the yield farm that attracts liquidity to the ecosystem. You can acquire runes through providing liquidity and raiding farms, i.e., yield farming. The team promises that since the supply of runes is limited, their price should find a bottom. Moreover, each rune has its specific utility, and runes can also be combined to build Runewords. Furthermore, for 2022, an online RPG built around runes is in development.

Runewords (NFTs) are unique weapons and armor. Each Runeword is suitable for a specific hero class (seven different hero classes exist) or style of play. Runewords improve a hero’s capabilities in battle and offer improved farming and merchant abilities. Runewords are shared, collected, and traded in the Rune Market and players will soon be able to lend them to others. Runewords are crafted from runes.

Finally, the Rune Infinite Arena is a player-versus-player, web-based 2D topdown game, where you battle your opponents for prizes. Once you defeat an opponent, they go back to the beginning while you can continue the path that goes on infinitely. The last one standing after one minute of battle claims a reward in the form of crypto or NFTs. Every 15 minutes, you enter a new arena.

How Many Rune (RUNE) Coins Are There in Circulation?

The total supply of RUNE is 22,530. 3,230 RUNE were burned, leaving a total circulating supply of 19,300. 10,000 RUNE were minted, and the remaining 12,530 were farmed. The original 10,000 RUNE were locked for five years using DxLock. The team launched RUNE as an experiment to bootstrap the ecosystem and create a community. It plans to split RUNE into Rune Shards (RXS) on Polygon in a 1:10,000 ratio. RXS could then be used as payments and rewards in games throughout the Rune Universe. RUNE incurs a 1% transfer fee and up to 1% vault fee, including a 0.1% charity fee and a 0.1% developer fee. This fee goes to the vault, where it is used to fund marketing, development, and community-building events.

How Is the Rune Network Secured?

RUNE is a BEP-20 token on the Binance Smart Chain. Runes are also BEP-20 tokens. The project was forked from Goose, which was audited by Certik and Hacken. The team claims to have audited it internally by half a dozen developers and is working on getting more official audits. It uses no oracles for prices and does not depend upon other contracts for live calculations. It also doesn’t pair the liquidity with partners, minimizing the danger of a flashloan attack.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.

When Will Rune Trading Begin?

Rune launched on March 30, 2021, on the Binance Smart Chain.

Where Can You Buy Rune (RUNE)?

RUNE is available on PancakeSwap and Cointiger.

AI Analysis

Analyzed on March 2, 2026

What is the Rune (RUNE) cryptocurrency good for? What are its main use cases?

Rune (RUNE) is the native cryptocurrency of the THORChain ecosystem, which is designed to facilitate decentralized asset swaps and liquidity provision across different blockchains. Here are some of its main use cases:

  1. Liquidity Provision: Users can provide liquidity to various trading pairs in decentralized exchanges (DEXs) built on THORChain. Liquidity providers earn fees from trades that occur in these pools.

  2. Transaction Fees: RUNE is used to pay transaction fees for swaps and other activities within the THORChain network. This creates a more streamlined and efficient trading experience.

  3. Incentives and Rewards: RUNE is distributed as rewards to liquidity providers, encouraging users to stake their assets and contribute to the overall health and liquidity of the ecosystem.

  4. Settlement Asset: RUNE acts as a settlement layer for trades between different cryptocurrencies, enabling seamless cross-chain transactions without the need for centralized exchanges.

  5. Governance: RUNE holders may participate in governance decisions regarding the THORChain protocol, influencing the direction and upgrades of the network.

  6. Staking: Users can stake RUNE to earn additional rewards and help secure the network against malicious attacks, thus participating in the overall security and stability of the ecosystem.

By addressing interoperability between different blockchains, THORChain, and by extension RUNE, aims to enhance the DeFi (Decentralized Finance) landscape by providing users with efficient and decentralized tools for trading and liquidity management.

Answered by gpt-4o-mini (openai)

What blockchain does Rune use? Is it its own blockchain or built on top of another?

Rune operates on its own blockchain, known as THORChain. THORChain is a decentralized liquidity protocol that allows users to swap assets across different blockchains in a trustless manner. It is designed to enable cross-chain trading without the need for centralized exchanges. This allows for the use of RUNE as a native asset within its ecosystem to facilitate transactions and liquidity provision.

Answered by gpt-4o-mini (openai)

Is Rune programmable? Does it support smart contracts or decentralized applications?

Rune, primarily associated with the Thorchain network, is not inherently programmable like platforms such as Ethereum. Thorchain is designed for cross-chain asset swaps and liquidity provision rather than for executing smart contracts or deploying decentralized applications (dApps) in the traditional sense.

However, THORChain does support liquidity pools and allows users to provide liquidity to facilitate swaps between different cryptocurrencies. While you can interact with it through various interfaces and it has its own mechanisms for incentives and governance, the core focus is on facilitating token swaps and liquidity rather than enabling a wide range of programmable features typical in dApp platforms.

For developing smart contracts or decentralized applications, you'd typically look at platforms specifically designed for that purpose, such as Ethereum, Binance Smart Chain, or Solana.

Answered by gpt-4o-mini (openai)

How fast are Rune transactions? What is the typical confirmation time and throughput (transactions per second)?

As of my last update, the Rune (Thorchain) network is designed to be scalable and efficient, typically aiming for a confirmation time of around 1 to 5 seconds for transactions. The exact time can vary depending on network conditions and congestion.

In terms of throughput, Thorchain can handle approximately 100 transactions per second (TPS), although this can fluctuate based on various factors such as network load and the efficiency of the nodes involved.

For the most accurate and up-to-date information, it's advisable to check the official documentation or community resources related to Thorchain.

Answered by gpt-4o-mini (openai)

How much data can I store on the Rune blockchain? Does it support on-chain data storage?

As of my last update in October 2023, the Rune blockchain (often associated with the THORChain ecosystem) primarily focuses on decentralized asset swaps and liquidity pools rather than on-chain data storage. THORChain is designed to facilitate cross-chain asset transfers and liquidity provision without relying on centralized exchanges.

While the Rune blockchain operates on a proof-of-stake consensus mechanism and supports transactions related to cryptocurrency swaps, it doesn't have dedicated protocols or features aimed at large-scale on-chain data storage like some other blockchains (e.g., Ethereum's IPFS integration for decentralized file storage).

If you need to store data on the blockchain, it's best to check the latest documentation or community resources related to THORChain and the Rune blockchain, as developments may have occurred since my last update. Generally, for larger data storage needs, off-chain solutions or specialized networks are often recommended.

Answered by gpt-4o-mini (openai)

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