FAQ

Token

What is the difference between $XRUNE and $RUNE?

$XRUNE has different tokenomics and governance structure, and $XRUNE price is not 1:1 to $RUNE.

Though both tokens act as settlement currencies.

What is $XRUNE?

THORSTARTER uses $XRUNE as a settlement currency between new projects (IDOs) and THORChain’s active pools. $XRUNE: $RUNE pool in THORChain acts as a “Liquidity relayer” between short-tail and long-tail assets.

Ecosystem

What are long-tail and short-tail assets

Short-tail assets are high volume/fee generating assets.

THORChain will support them, but only 100 slots will be available in THORChain.

Thorstarter connects long-tail assets to THORChain.

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How to Migrate from Tiers to Forge (Including Bridge)

Video link

https://www.youtube.com/watch?v=dpx9RSqJwl0&feature=youtu.be

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How do I Bridge XRUNE to FTM

To move the XRUNE token across to Fantom check out Allbridge’s bridge

Platform

How do I participate in IDOs

Think of Forge as our "membership contract", Stake $XRUNE in Thorstarter Forge https://app.thorstarter.org/forge

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The amount you deposit in Forge will credit you with an "Allocation Multiplier", which determines the max amount you can participate in each IDO.

What is Forge

Forge is the evolution and streamlining of our platform; combining IDOs, yield generation, and LP-ing into a single App and location

What Network is Forge on

Forge is currently on the Fantom network, due to speed, scalability and low network fees

If Forge is on FTM, can I participate in all cross-chain IDOs

Yes Thorstarter is a Multi-Chain IDO platform, users can participate in all IDOs regardless of blockchain by staking in Forge.
Prior to IDO sale, there will be an input for users to add their claim address for alternative blockchains

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Where does Forge get its Rewards

Forge rewards come from a 20% token fee on IDOs which are used to marketbuy XRUNE. That XRUNE is then fully distributed into the Forge rewards pool
Forge rewards also come from Early unstaking fees, Protocol funds previously allocated towards liquidity mining and incentives, and refunds from partners who did not delive

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Will Tiers still exist and count towards IDO

Yes, Tiers will be maintained and count towards IDO allocation, however they will be subject to the 20% token fee and not be eligible for Forge rewards

Is the Staking time in Forge user selectable

Yes, users are free to choose the best staking time for them, from 15 days to 1095 days

Does Staking time have an impact on rewards

Yes, Forge is designed to reward long term supporters, the longer you stake the more shares of the Forge pool you will receive

Can I unstake early from Forge after locking in

Users can unstake at any time, but doing so before their time expires will incur a fee
Unstaking early lets you claim a % of your initial deposit, based on the % progress towards full unlock

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Who is Eligible for Forge rewards

Forge Stakers will be able to claim their share of the rewards from a sale based on a snapshot taken of Forge shares at the start of sale

When can I claim Forge rewards

Users can claim Forge rewards as soon as they are distributed to the Forge reward pool, you will not need to wait until the end of lockup period to claim

Disclaimer

Sales are only open to non-U.S. persons and entities. In addition, any sales are not and will not be offered or sold, directly or indirectly, to any person who is a resident, organized, or located in any country or territory subject to OFAC comprehensive sanctions programs from time to time, including Cuba, Crimea region of Ukraine, Democratic people’s Republic of Korea, Iran, Syria, any person found on the OFAC specially designated nationals, blocked person list, any other consolidated prohibited person list as determined by any applicable governmental authority.

Users from permitted countries participate at their own risk

IDO Safeguards

Coming Soon

Team

You mentioned about 3 founders. Who are the other 2?

Our lead developer is a co-founder. The other co-founder is situated in an operations and management role, with some support on marketing, business development and network security design.

How many of you are working on Thorstarter?

I’m compound22 but go by my initials AM. I’m one of three co-founders of the Thorstarter network.

I’ve been personally active in the crypto space since 2016, investing and advising various projects, several of which are now DeFi blue chip projects. I was an early investor in Thorchain, participating in their IDO on Binance Chain.

One of the earliest projects I worked with was Bancor, which is one of the first if not the first protocols to use and implement the AMM (automated market maker model), which is now a core feature of many great projects like Uniswap, Sushiswap, and Thorchain.

Now, regarding the team.

The marketing and operations team working on Thorstarter has likewise been involved in crypto for some 6+ years, and worked with several of the more well known projects in the DeFi space.

Our developer team includes 4 devs, two of which are full time. Our lead developer is working on smart contracts and core features of the Thorstarter protocol, and the others are taking a supporting role working on front- and back-end.

We have a large team of full- and part-timer contracts taking on various supporting tasks as needed.