🧑
THORNames
THORNames is a name service for THORchain run by the THORSwap product team.
THORNames (TNS), aka vanity addresses allow anyone to register cross-chain wallet addresses to a 1-30 long string of hexadecimal characters which include special characters
-_+. THORNames are case insensitive.THORNames simplify and humanise THORChain wallet addresses to optimize cross-chain compatibility. In short, it is a domain naming system for your wallet based on the THORChain blockchain. This will simplify your multi-chain wallet addresses and open a marketplace to buy and sell THORNames.
A THORChain address can be assigned one (1) THORName to manage the other associated addresses for supported L1 Chains.
For example, Chad registers Chad.THOR and assigns it to their THORChain address, using our dedicated interface, they can then assign a wallet address to each supported L1 chain.
{"chad" :
{"thor : "thor1egxvam70a86jafa3s0m2g3m7548gcg3kqfmfax",
"btc" : "bc1qq2z2f4gs4nd7t0a9zzjtegu4nczhajjp90y9l9",
"eth" : "0x04c5998ded94f8926e64a99b7dbc9f463370444c",
"bch" : "qz7262r7uufxk89emajqm97vskzwtxrf6yquk7zfwr",
"ltc" : "ltc1qaa064vvv4d6stgrd3tt93fp6jxywnf777j6dl8",
"bnb" : "bnb1pa6hpjs7qv0vkd55n08yw7v7fks5tqa2xtt2gk"
"doge" : "DNUfRBroVNhu53QXRG9vtB7t8vxwji3iG6"}
}
When using THORSwap, Chad can choose to send and receive correct native assets to their correct wallet addresses. Supported Wallet providers will easily be able to integrate to resolve cross-chain addresses for Chad.
Currently, there are six (6) native L1 chains available on THORChain: Bitcoin, Ethereum, Litecoin, Binance, Bitcoin Cash, Doge. THORNames are limited to 30 characters, including all characters
a-Z, all numbers 0–9 and special characters -_+ .In the future, You can also bid for THORName owned by others or sell it to highest bidder.
THORName Fees
There is a one-time registration fee of around 10 RUNE, with a 20
tor block fee, which works out to be around 1 RUNE annually. A user who pays 2 RUNE will then keep their name registered for 2 years. Example: 20 Rune registers the THORName for 10 years.
(10 RUNE Registration Fee + 1 RUNE every year).
Pre-Registered THORNames
Pre-registered THORNames will be valid for 12 months after THORName is deployed to Mainnet. To start using your reserved THORName, simply connect the THORChain wallet you registered with, search the TNS on the THORName page, and you can start assigning wallet addresses to each supported L1 chain.
What else does THORNames enable?
UTXO chains such as Bitcoin has a memo length limitation of 80 bytes and Monero has an address length of 97 bytes. This means swapping from Bitcoin to Monero is not possible using addresses, THORNames solves this issue and allows the integration of more chains such as Monero/ Haven to THORSwap.
THORSwap Fee-sharing Rewards for $vTHOR holders
Additionally, a shorter memo means THORSwap can accrue exchange fees from swaps on UTXO chains, meaning whenever a Bitcoin trade (above $100 in value) is done on THORSwap, 75% of the 0.3% Exchange Fee collected is rewarded $vTHOR Holders (single-sided $THOR Staking) as reward.
Transfer and Secondary Market Place
THORNames will expire when the registration fee paid runs out, this is a fixed amount per year. You can register for 1 day or for 100 years, completely up to you.
We plan to build a secondary market place for THORNames which will allow for listing and bidding of THORNames.
Last modified 11mo ago