The idea of THORChain evolved in 2018 in a bid to solve the liquidity challenges faced in the decentralised exchange of crypto tokens. THORChain is a blockchain-agnostic liquidity protocol that facilitates cross-chain swaps of cryptocurrencies. While most liquidity platforms focus their solutions on the Ethereum network, THORChain targets the Binance Chain.
The platform’s native currency, RUNE, allows users to stake their funds in the RUNEVault, a sort of native cryptocurrency wallet, to become network validators. The network then rewards the stakers with more RUNE to validate cross-chain transactions of cryptocurrencies. You can buy RUNE in Australia on Swyftx.