About Thoreum
Market Stats
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x580dE58c1BD593A43DaDcF0A739d504621817c05 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Thoreum (THOREUM) aims to be a one-of-its-kind liquidity mining cryptocurrency. Thoreum comes with stake rewards and is stated to have many unique attributes that seek to assist users in winning and earning bigger. Liquidity mining refers to how cryptocurrency holders lend their assets to decentralized exchanges for earning rewards. Thoreum utilizes liquidity mining as it is an environment-friendly method to mine without consuming much power compared to other cryptocurrencies. The users who decide to hold their THOREUM aim to be given rewards from those who trade their coins. The concept motivates holders and demotivates pump and dump traders.
According to the whitepaper, Thoreum is the token offering double staking rewards. Users can place their coins in the earning pools known as "Thunder Boost" to earn third-party tokens. Even after the THOREUM coins are not in the user's wallet, the holding rewards will seek to continue to be given to the user. Hence, staking rewards are meant to be a great feature of the Thoreum coin.
Furthermore, Thoreum is also stated to be a reflective token that users can farm in other yield farms tax-free utilizing a special mechanism known as Thunder Alliance. Yield farming is a term used for lending cryptocurrency. Thunder Alliance aims to develop a partnership with reputable farms known for their secure and safe environment.
Moreover, Thoreum is deflationary, which means that the supply of this cryptocurrency keeps constantly decreasing with each and every transaction ensuring a limited availability. In addition to this, the static rewards are distributed automatically to the holders of THOREUM. Additionally, it has also been defined that Thoreum utilizes reflective tokenomics for sending coins. In one particular THOREUM transaction, an 8% fee is redistributed to the existing coin holders along with the dead address.
Thoreum (THOREUM) was launched in June 2021 and has recently upgraded to Thoreum V2 on January 16, 2022.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.