+2.36% last 24h
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The current THOR Coin Price is $0.4062, with a market capitalization of $180.41 M and a daily trading volume of $335.18 k. THOR Coin Price, market capitalization, and daily trading volume are based on real-time data. Add THORSwap to your watchlist and track THOR Coin Price live using the Flooz App.
THORSwap (THOR) is the native token of the THORSwap ecosystem, a multi-chain decentralized exchange (DEX) aggregator, built on the Ethereum Blockchain. By connecting various DEXs, an aggregator enhances liquidity and price discovery across multiple chains, providing users with the best possible trading experience and minimizing slippage, leading to more accurate trade executions. The THOR token is an integral part of the platform, acting as a governance, proof of membership, and staking and reward token. According to project documents, THORSwap aims to enable cross-chain swaps for over 20 cryptocurrencies across leading layer one (L1) blockchains, which are the foundational layers responsible for establishing the core consensus mechanism, security, and native tokens of the respective blockchain networks. This feature allows liquidity providers to generate returns on native assets, such as Bitcoin (BTC), in a secure, non-custodial, and decentralized way. Focusing on decentralization, scalability, and security, THORSwap aspires to transform into an open cross-chain platform. With the native protocol token THOR being primarily owned by its community, the platform emphasizes community involvement in the delivery of its products. THORChain's protocol allows THORSwap to provide a variety of decentralized finance (DeFi) services, collectively known as THORFi. These services will include liquidity pools, loans, composite assets (Crypto ETFs), and Inter-Blockchain Communication (IBC), among other features.
The THORSwap (THOR) founder is unknown or anonymous, which means their motives and intentions are not clear. The actor Chris Hemsworth from the Thor movie is jokingly represented as the founder and CEO of this project. Users should handle the project with caution and thoroughly research before investing or participating.
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