🔧Utility
THOR offers utility across multiple dimensions.
We’ve optimized the design of the $THOR token to:
Incentivize trading, aka the “Trading Black Hole”
Govern the THORSwap protocol in a decentralized manner
Progressively decentralize towards majority ownership by the community
Reward positive user actions and community contributions
Permissioned access to content and apps
Fund growth efforts and community projects
$THOR Staking & Buyback Rewards
Fees collected on THORSwap are rewarded to amongst contributors and $THOR token holders in the form of Staking Rewards (vTHOR & uTHOR) and Buyback + burn:
25% of THORSwap revenue will go to THORSwap Treasury for development and maintenance.
55% of THORSwap revenue will accrue back to $vTHOR, $uTHOR, $yTHOR and THOR LP based on the ratio of $THOR in each pool
20% of THORSwap revenue will go towards buyback + burn programme.
THORSwap Fee Discounts
Depending on your $THOR staking amount (vTHOR/uTHOR), you will be eligible for a discount of up to 100% off Service Fees when using THORSwap:
It’s important to remember:
55% of THORSwap revenue will accrue back to $vTHOR, $uTHOR, $yTHOR and THOR LP based on the ratio of $THOR in each pool. This means more rewards for $THOR stakers, while still providing our loyal community members with sizable discount benefit.
Furthermore, swaps of below $100USD in value will still remain free for all users.
NOTE: You must connect your ETH wallet holding $vTHOR/$uTHOR/$yTHOR to receive fee discounts.
Community Governance
THORSwap's dedicated community governance forum serves as the destination for all $THOR community proposals going forward. We welcome ideas from all community members to discuss how $THOR can progress forward in a sustainable, decentralized manner.
Visit the THORSwap Community Governance Forum to take part 🤝
View past proposal votes at: https://snapshot.org/#/s:thorswapcommunity.eth
Limited Edition Merchandise
Purchase exclusive THORChain community swag and merchandise with $THOR in our wholly Web3 merch store: https://thorchads.metaswagclub.com
Mugs, Tees, Hoodies - collect a wide range of rare items celebrating the THORChain ecosystem and major milestones. Plus, receive free NFT airdrops by collecting limited edition merch⚡
HYVE web3 freelance marketplace
$THOR is integrated on HYVE — a leading Web3 Work freelancing marketplace.
Put your $THOR to work or earn $THOR for providing your expertise 💪
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