Thread by @ruleoffz

Since the Binance listing, there are quite some new $RUNE chads that have entered the community. Instead of hoping a short-term pump to 1 dolla, you have to realize what Thorchain is building and how that will massively affect $RUNE's price

BEPswap
ASGARDEX
#DeFi @thorchain_org

BEPswap is the OG project that will roll out after the latest testnet 4.1 is concluded. Essentially it's Binance Chain's first DeFi application allowing BEP2 token holders to swap or stake assets in liquidity pools to earn yield

Like a Uniswap for BNB

Within BEPSwap you could stake the launch partners and pegged BEP2 assets, like $BTC and even $XRP.

Here a list of launch partners as stated on bepswap.com

$BOLT $ANKR $FTM $TOMO $LIT $MATIC $ONE $FSN $ERD $CAN

Staking assets, or assets locked in Bepswap will increase the total locked value (TVL). As we have seen grow massively as a whole in #DeFi past couple of months

The beauty of $RUNE's tokenomics is that $RUNE's price is always a representation of the TVL x3 in Asgardex/BEPswap

Imo BEPSwap's TVL will be fraction of ASGARDEX's potential.

Where BEPSwap focusses on BNB chain, ASGARDEX is cross-chain DEX where you will be able to swap instantly between any chain and stake f.e. BTC and ETH assets, and earn yield on those native (non pegged/wrapped) assets

Remind you I only focus on the impact on $RUNE's price in this thread in relation to the upcoming releases.

Using the $RUNE price simulator thorchain.community, build by the community's MVP @mehowbrains, you are able to get a sense of how TVL will impact $RUNE's price.

Since we are at the start of the bullrun with $BTC breaking 10k levels, we can conservatively assume (hope) we will at least grind upwards from here. If so, we can very conservatively make a minimal (!) price prediction of $RUNE EOY, if on development side all goes well:

You'd get a price of roughly 8$ a $RUNE, a 16x from here. Mind you that this is based on EOY

20k BTC (0.1% of BTC's locked)
600$ ETH (0.3% of ETH locked)
40$ BNB (0.2% of BNB locked)

Imo this would be very conservative. $RUNE demand will be high, since its the base pair in LP's

If you think that's too optimistic, here's how price would translate if all the majors would stabilized around current levels.

I believe these minimal locked value's can be achieved, because of the cross-chain nature and the high APR rewards (transaction fee's will also payout)

Now this is one side of the why im so mega bulltard for $RUNE case. Eventually $RUNE will be the basepair in a revolutionair cross-chain dex, where you can swap and stake BTC and all your ALTS in liquidity pools and earn yield.

There's a lot more to it besides price speculation

Essentially, I honestly believe that products like #Uniswap and upcoming BEPSwap and Asgardex are good for crypto as a whole.

It's about turning stale assets into productive ones, making more of the space as it is. The other thing is, no retail adoption is required necessarily

Concluding, in regards to aiming for 1 dolla from Binance listing pump, imagine the possibilities for $RUNE during this recently confirmed bullmarket.

If you are bullish on crypto, you are by default bullish on $RUNE.

Don't take my word for it. I am clearly biased ;)

Here some interesting links that will persuade you:

thorchain.org
rebase.foundation/network/thorch…
rebase.foundation/network/thorch…

Make sure you follow the chads. Good $RUNE content:
@mehowbrains @Rewkang @DegenSpartan @thorchain_org

Could have made some mistakes, feel free to correct me. I understand @thorchain_org conceptually (I believe), not technical enough to comment on that aspect. Plenty enough of those though :)

BEPswap is literally around the corner. Here comes the liquidity blackhole