Hey All,
Back again with a post around #THORChain and this time we have a challenge from the @THORChain team. As stated in my previous post around we have seen how the team has grown and hardened the chain in this bear market and has become the BEST way to swap native L1 assets anywhere (CEX or DEX). The $RUNE team continues to surprise the community by building and delivering every now and then. We have these recent releases around Streaming Swaps, Lending and the most recent one being integration of BNB Smart Chain (@BNBCHAIN) being live on #THORChain.
At the time of writing this article #RUNE is down 2% and is trading around $1.70 mark. It ranks #71 when compared amongst the top cryptocurrencies with a marketcap of $505+ Million. So what is the challenge here and how can ONE WIN 1000 #RUNE? The challenges is simple you just need to post of proof of a transaction to show may it be buying or selling of native L1 crypto assets #BTC #ETH #BNB #LTC and others that is both faster and has better settlement than the #THORChain Streaming Swaps.
Post proof that you can buy/sell BTC<>ETH anywhere else, that is both faster and better settlement than THORChain (streaming swaps), for a chance to win 1000 $RUNE.
If you are able to show the proof of such crypto transaction which weren't performed on #THORChain and is better than it then you have a chance to WIN yourself 1000 #RUNE. For more information check the tweet Here from the team and post your comment to showcase the transaction time and incase its the CEX was used to transfer #BTC<>#ETH then you need to include proof for the deposit/withdraw times.
Following on the tweet, I saw folks testing this out to see which chain is faster and better and the above tweet from @shmink.eth showcases the test where he funded 2 wallets with 25+ ETH each to transfer funds and it looks like there were some interesting facts that came out. I won't talk more about all the details. If you're curious, you can see the tweet yourself. But the main thing to understand is that this open challenge by #THORChain, aiming for quicker and better transactions, shows how much effort they're putting into making cryptocurrencies work better and the beauty is that its a DEX [Decentralized Exchange] where you have control over your funds and no body else.
Are you invested in $RUNE? Did you hear about this news on THORFi Lending? Can $RUNE hit $5+ mark from here? Are platforms like @Lends_so, @BrokkrFinance, @THORSwap fully DEX? Can we consider funds on these platforms SAFE? Are they PURE DEX as claimed? Would love to hear your thoughts around it in the comment box below? Cheers
#bnb #smartchain #metamask #shapshift #dex #thorswap #rune #thorchain #decentralization #deflationary #lending
Image Credits:: thorchain, coingecko, twitter - @shmink_eth
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in BlockChain & Cryptos and have been investing in many emerging projects..