RUNE USDT

Answered at Oct 27, 2024

Introduction

RUNE is a cryptocurrency that operates within a unique gaming ecosystem on the Binance Smart Chain (BSC). It combines elements of blockchain gaming, NFTs, and decentralized finance (DeFi). This report will explore RUNE's market performance, its ecosystem, and the technology behind it.

Market Overview

As of the latest data, RUNE is trading at $5.02 USD with a 24-hour trading volume of $165,880 USD. It has seen a 3.65% increase in the last 24 hours. The market cap stands at $24,936.64 USD, with a circulating supply of 4,972 RUNE coins and a maximum supply of 22,530 RUNE coins (CoinMarketCap).

Key Market Data

  • Current Price: $5.02 USD
  • 24-hour Trading Volume: $165,880 USD
  • Market Cap: $24,936.64 USD
  • Circulating Supply: 4,972 RUNE
  • Max Supply: 22,530 RUNE

The RUNE Ecosystem

RUNE is more than just a cryptocurrency; it is part of a larger gaming universe that includes several components:

  • Rune Evolution: A play-to-earn game where players evolve from dragonlings to dragons by eating sprites. Players earn crypto rewards in this web-based game.
  • Rune Farm: A yield farming platform that attracts liquidity to the ecosystem. Players can earn runes by providing liquidity and participating in yield farms.
  • Runewords (NFTs): Unique weapons and armor crafted from runes. These NFTs enhance a hero's capabilities in battle and can be traded or lent in the Rune Market.
  • Rune Infinite Arena: A player-versus-player game where players battle for crypto or NFT rewards. The last player standing after one minute wins the prize (CoinMarketCap).

Technology and Security

RUNE operates as a BEP-20 token on the Binance Smart Chain. The project was forked from Goose, which underwent audits by Certik and Hacken. The team has also conducted internal audits and is seeking more official audits. RUNE does not use oracles for price feeds, reducing the risk of flashloan attacks. The Binance Smart Chain secures transactions through a proof-of-stake consensus mechanism, with 21 validators elected every 24 hours (CoinMarketCap).

Security Features

  • BEP-20 Token: Operates on Binance Smart Chain.
  • Audits: Conducted by Certik, Hacken, and internal developers.
  • No Oracles: Reduces dependency on external price feeds.
  • Proof-of-Stake: Secured by 21 validators on BSC.

Community and Development

The RUNE community is active, with players earning runes through various activities like battling, joining guilds, and participating in yield farms. The team behind RUNE remains anonymous, citing protection from outdated regulations as the reason. The team consists of 12 members, including developers, project managers, and community managers (CoinMarketCap).

Community Engagement

  • Active Participation: Players earn runes through battles and guilds.
  • Anonymous Team: Protects against regulatory challenges.
  • Development Team: Comprises 12 members with diverse roles.

Conclusion

RUNE presents a compelling mix of gaming, NFTs, and DeFi within its ecosystem. Its market performance shows potential, with a recent price increase and active community engagement. The technology behind RUNE, secured by the Binance Smart Chain, ensures a robust and secure platform for its users. As the ecosystem continues to develop, RUNE could become a significant player in the blockchain gaming space.