CryptoCurrencies
17018
Exchanges
500
Total Market Cap
3,522,156,569,926
Volume 24h
191,644,999,849
Dominance
BTC 58.59%   ETH 8.70%   USDT 4.26%   XRP 3.98%

TCY
TCY

0
$
0.00 %
Change 24h
Market Cap
$ 0
Total Supply
210,000,000
TCY
$
# Exchange Pair Price Volume 24h

Description

ThorChain is a decentralized liquidity network with an interoperable blockchain that allows cross-chain token swaps in a non-custodial manner. It does not peg or wrap assets, but simply allows users to swap tokens across various Layer 1 blockchains. So, traders on ThorChain can seamlessly move from Bitcoin to Ethereum, to Polkadot and etc. without having to register for an exchange or go through KYC, like on CEXs. Hence, users are minimally exposed to custody and counterparty risks TCY is a token to compensate users for the closure of the Lending and Savers programs. Affected users can claim TCY equal to their debt at the time of the halt. TCY stakers receive 10% of THORChain's total income.