Should I buy Thorchain $RUNE ?

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DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.
00:00 Introduction
01:35 IA Token Valuation Process
02:35 What It Does
03:28 What are governance tokens?
04:08 Anonymous Team
04:56 Top Decentralized Exchanges by Market Cap
05:25 Value Proposition
05:53 Industry Disruption - Savers Vault
06:49 Staking Rewards
07:13 Investors
07:28 Competition
08:00 RUNE TVL in USD
08:27 Technology & Developers
08:55 How it Works
09:40 Tokenomics - Supply Allocations
10:05 Tokenomics - Inflation
11:02 Ecosystem
11:40 Markets and Liquidity
12:13 Growth & Longevity
12:44 Risks
13:47 Vitalik on Governance Tokens?
14:37 THORChain Rune DAU / Usage [ETH Chain]
15:40 THORChain Rune TPD 7 [ETH Chain]
16:00 20 Hour Outage
16:45 Double Exploit in 2021
17:00 Lack of Data
17:30 Multicoin Capital Track Record
18:06 Price History
18:37 Analyst Price Predictions
19:50 Conclusion

[@big_nathan]

Great video James, really like your deep dives into tokens, you reveal information I couldn't think of to research.

[@InvestAnswers]

Glad it was helpful!

[@robertchen2898]

@@InvestAnswers @james - awesome analyis - appreciate the digging you've done... Longtime subscriber here :) Hope you are feeling better too - it must have been tough...

[@devond3364]

Eth version of RUNE is no longer in active use, Rune native chain, built on Cosmos, is where all the action is. Additionally, RUNE is not only a governance token, it is used in a ratio with other swap pairs in order to facilitate trades, that is where price stability will occur. Volume in the chain, will drive prices higher, as RUNE is bought to pair up.

[@DavidUebergang]

This comment needs more likes. This heavily changes some aspects of James's analysis here.

[@AlexofCharmCity]

So what are the numbers for daily active users and daily transactions on the native chain if the eth one isn't a good representation?

[@sympresa]

How come it is then so hard to find this on chain data for the Rune native chain?

[@pithra]

I'd say this is one of the first time that you really missed the ball.. few points, Thorchain is seperate from Etheruem, 99.99% of transactions are on the native chain hence why there are no transaction on ETH, you can see the volume and such on Thorswap's dashboard. Second- THORChain has a unique security model where node operators must bond 2x the value of non-RUNE assets in the lp. This results in $3 of RUNE being locked for every $1 of non-RUNE value added onto the network. As the network grows, that's exponential demand for the token. Last thing I'll mention, Thorchain doesn't have direct competitors because no other chains/Dapps allow for native to native swaps. Example swaping native BTC and ETH that are not wrapped..

[@InvestAnswers]

I am aware of the $3 RUNE. But tell me why do they hide DAU? Also I did stress it was ETH chain which was top in the past but that has also dwindled...

[@pithra]

@@InvestAnswers I responded to your other response in Thorchad's comment thread. Appreciate you brother. Thank you for your work in general!!

[@philippelogie2394]

Dear James, I was quiet moved by your sensitive reaction during last DCA. You have this unique combo of high capability and profund humanity. One of the many reasons I never miss your brillant videos ! Please take care of your health and disregard all - if any - dishonest and ungrateful comments : you are definitely the best crypto/stocks analyst I have ever followed on YT ! 👌

[@InvestAnswers]

Merci mon ami !

[@brandonthielman6395]

James, we need you. Thanks for staying with us and weathering the storm. I have learned so much from you and I will be forever grateful. Please don't give up on us, we love you!!!!!!

[@chadthoreau]

Appreciate you covering RUNE, but you got almost everything wrong. Happy to connect you with key team members for an interview.

[@KurtiZv]

What are the top 3 things he got wrong?

[@pithra]

@@KurtiZv I shared some above "I'd say this is one of the first time that you really missed the ball.. few points, Thorchain is seperate from Etheruem, 99.99% of transactions are on the native chain hence why there are no transaction on ETH, you can see the volume and such on Thorswap's dashboard. Second- THORChain has a unique security model where node operators must bond 2x the value of non-RUNE assets in the lp. This results in $3 of RUNE being locked for every $1 of non-RUNE value added onto the network. As the network grows, that's exponential demand for the token. Last thing I'll mention, Thorchain doesn't have direct competitors because no other chains/Dapps allow for native to native swaps. Example swaping native BTC and ETH that are not wrapped.."

[@pauldavidson317]

I want this interview!! Make it happen

[@InvestAnswers]

did u listen to the video? I COULD NOT FIND ANY DAU DATA - tons of data is missing. They are hiding data like they are hiding who the founders are. Just seems off.

[@fireson8915]

@@InvestAnswers Can't figure out who Satoshi Nakamoto is. Something just seems off. Code is open source but something seems off.

[@orangepill1225]

Cheers James, a note that rune (eth) is not used and a kill switch has been put in place, it uses Rune on its own chain now

[@EddieK007]

Been holding Rune since inception, 0.02. Its come a very long way and the tech is incredible really! Their take acquiring liquidity is novel and not rushed. Upcoming bull run, $1.50 to 100+ Very few places you can exchange native BTC for native ETH seamlessly.

[@coldroncdenichaud5093]

Please contact Chad Barraford, and re-release this video.

[@lkasdlf]

Awesome. Thank you. Wasn't on my radar unto CTO picked it as one of his top 5.

[@ikust007]

And last time he didn’t like it CTO…;)

[@b00mb00mb0ris]

James, please know that I am sincerely thankful for your willingness to continually share your skills, gifts, and talents. Your videos help keep me grounded in an extremely volatile arena. Your YT channel is the only one I trust sharing with my family and friends. I hope to be able to meet one day and thank you personally. Cheers! 🍻🤟

[@InvestAnswers]

so nice of you. i appreciate it.

[@SiverFox50]

James. You’ve been invited, so please talk with those closely connected with Thorchain and it’s development as you got some things wrong. I have followed the chain’s progress over the last year and I am now engaged in heavy support and adoption as I believe it is setting the path for a true integrated cross chain defi world. Long live $RUNE

[@Bigskot1]

And what did he get wrong?

[@patrickgarrity5529]

Here we go!! Interested to see what I think of thorchain

[@geo6763]

The ERC-20 version of RUNE was discontinued, hence the low DAUs.

[@sawdustcrypto3987]

Came to the comments to write the same thing

[@franciscoballeza3502]

TY so much for everything you do James..we love you man..!!!

[@Al-ww4bs]

Keep doing what you do James. Much support 🙏🏼

[@Anthony-mh1oj]

Thankyou James. I listen to you every day and I'm finally getting smarter after my big loss with celsius. Take care of yourself and good health James. Greetings from Australia.

[@Anthony-mh1oj]

My parents taught me not to hate anyone so I'm trying hard not to hate Alex. I'm getting to the accepting stage. You help me in this area James. Thankyou

[@mikewu499]

Thanks for your hard work!!! I was just thinking of researching RUNE and you did all the work for me.

[@Manaknanak]

James I have been waiting for this video for years!! Thank you so much 🙏🏽

[@Sol_Bull]

I absolutely love the should I buy series!!!

[@nikol7951]

Excellent fair review, thank you.

[@travismoore2126]

Thanks James- a hugely informative video, as usual.

[@arkenangel]

Great balanced view James! Thanks!

[@brandonthielman6395]

I love RUNE.

[@johnmanoel209]

Thanks a lot James for the time you spend to find all the information...!!

[@Luke-xt8dg]

Thank you very much James!!

[@HisLoveArmy]

Thorchain is a great product, been following them for years.

[@andrewmcmurray8081]

Thank you James

[@cryptodescribed]

James quick one: Love you and your content. It’s an amazing thing you’re doing for your community ❤

[@logical_lb3059]

3:58 “you can swap assets in Rune without any need for Rune to pay for fees.” Umm yeah, this is incorrect. Rune is not just a governance token, it’s also a liquidity token. The tokenomics is such that the MC of Rune will always be at a minimum 3x that of TVL

[@pmc7071]

I wouldn’t know 10% of what I do about digital assets and equity markets if it wasn’t for you. Thank you for all the effort 👍🏻

[@ivatube8923]

Thank you for everything you do to prep for these videos. I have learned a lot from you and I believe good things come to people who wait. Greetings from Taiwan 😊

[@InvestAnswers]

You are so welcome

[@grizzlycreek9617]

Love the analysis, thank you!

[@BDBee81]

Well done man, another stella comparison !!!

[@ThomasC951]

Epic like always. Thanks James

[@dtitithtuturi8361]

🇦🇺 love fron Australia yet again my man. first and foremost you're the most important thing here, your followers are all patient so do not push yourself to provide such amazing videos, take care of yourself 💙💙💙

[@JamesBond-jj7dl]

I have to say that, without you and your team’s research, I would never get into crypto. I depend on the information you provide like I do advice from my mother; as reliable as it can get. Not to put any pressure on you and your team as I know you already have enough but please continue on with your research and presentations but also keep in mind that your health comes first. Thank you for all that you do.

[@bartlomiejkacala9852]

Hi James thanks for your deep dive in project regarding DCA from Monday sorry to hear about health issues as granny’s said what will not break you will make you harder . Look after your self .

[@Reaperman2020]

Good video James as always! Really appreciate your efforts!❤

[@hommadi2001]

I am excited about RUNE because it is promising to include On-Chain transaction of Monero (XMR). But it is still yet to come due to the difficulty of developing on Monero.

[@RelocalisationNomade]

Wow thanks for all this great data. I love to see this kind of research video.

[@chucknorris7249]

Great Analysis as always !!! Keep up the good work

[@michaelgodsell6300]

Thanks for another great video. I watch your videos and learn when ever I can. please take care of yourself aswell you help everyone else ❤️

[@jayseph9121]

Thank you for taking the time to put this together James!

[@InvestAnswers]

thank you , you are so welcome.

[@victorvillalobos9086]

You make a difference in people’s life And I thanks you Graciassssss mi hermano

[@1HundredP]

Much appreciated James!

[@theavenger3363]

James, we all love your unbiased approach and excellent evaluations .. Could you, even briefly, outline your thoughts on Pulsechain / Pulse X .. Very best ..

[@ChrisBrunger]

Thanks James

[@SagaraUrz]

Savers vault is an interesting way of providing liquidity. It's interesting how we will see more and more innovative ways for DEFI to becomes way better than CEX

[@InvestAnswers]

sure is

[@PeterSosinski]

See ShapeShift too

[@raphaelmmor]

Hi James please look into Internet Computer Protocol ICP for a deep dive or should I buy

[@tjmooney4181]

Thanks 👍

[@davidjames1924]

Quality video James. Would love to see more of these during the bear market

[@ThomasSirianniEsq]

You are the best in the business!

[@DrakozBTC]

Great one James as always, thank you. Hope you can dive on ICP adoption is strong tps growing everyday, technologie is 10 years ahead. Still 90% btc tho but would like to have your take on it

[@petercofrancesco9812]

I agree with your cautious approach. A year ago I might have been willing to ignore the boring financials but not now. I've lost my appetite for governance tokens. I like the name and the tech but that doesn't mean it's a good investment.

[@nielsvm7777]

Too bad this review is very misinformed. THORchain devs have invited him for a talk to cerrect the mistakes

[@gasparm.2711]

James, long term follower. And long term follower of Rune. Exciting! Thank you for your work.

[@InvestAnswers]

My pleasure!

[@geo6763]

$RUNE isn't a governance token. Only validators can vote on things.

[@greeneggsandsam7490]

His research was quite bad for this token. Lots he didn’t understand. The fact that he thought it’s a governance token after doing deep research is laughable really

[@logical_lb3059]

Mans seems proud of his “research” too

[@tomasrothroth8605]

thanks James

[@bus10dus10]

I am a data junkie and you are a supreme high-end dealer of tha data, greatly appreciate all you do and listening and responding to the community. I pray mercy and goodness follow you all the days of your life.

[@TomTom-ns9tc]

As a RUNE Holder I am deeply offended (just kidding) about this great video! Great content as always and really thanks for digging out all the data. Qualified deep dives into various crypto projects is the best form of content 🙂

[@H33390]

An update would be nice

[@ikust007]

not use of the ETH chain. Also , the only protocol you keep your Tokens and also mostly BTC.

[@sympresa]

After almost two years you keep on impressing every time James. Thanks for your detailed analysis and for showing us all how you approach investing (or not) in projects. Thanks a lot for all you do for the community!

[@mikecrouse8761]

James you are the best.. Stay the course..!!

[@InvestAnswers]

will do Captain!

[@ibc_mafia7216]

While we're looking at dexes, could you take a look at Osmosis? Premier dex on Cosmos, only thing holding me back from switching over completely is lack of orderbooks, but those are coming soon

[@fcdarjan]

Respect, this was a nice one!

[@CapoKhan]

Thanks Boss J. Get some rest. Appreciate the edutainment 💯✌🏽💯

[@InvestAnswers]

Always

[@ikust007]

One of the only pos protocol i follow now.

[@cajondrummer5875]

Thanks! Insightful !

[@InvestAnswers]

Glad it was helpful!

[@BatmanBoss]

Thanks buddy

[@InvestAnswers]

hi Batman!

[@avatyalyson]

James, is Solana considered a governance token? You mentioned you don’t own any governance tokens in the video. I was curious what would make SOL different than any other governance tokens. Btw, thank you for your daily videos. I absolutely learn a ton everyday from your informative videos 👍

[@henriquecfm]

could you comment on Michael Saylor's words about all the tokens being securities, beside BTC, and therefore should be turned off..?

[@Blutbuche]

James, you still are a truthful hero - PLEASE DO MORE "SHOULD I BUY" CRYPTO-SERIES!!!

[@InvestAnswers]

they drive a lot of animosity as my standards are so high 98% of tokens fail the test.

[@NASIRJAMALABBASI83]

Hi James amazing analysis bro. Keep doing the great work bro. Just ignore the salty people

[@raphaelmmor]

Please do a should I buy for Quant QNT 🙏🏼

[@john92444]

James, I remember months ago you listed the calculated odds of bitcoin, Tesla, Ethereum and Solana going to zero. Your thoughts were that Solana going to zero we're about 10%. What are your thoughts today? NFA

[@InvestAnswers]

great Q - i still think 10%. Probably less. The adoption is still insane.

[@PrayForMollo]

I do respect your work, but man, this one need a part-2 with more explanation of impermanent loss, aggregators on ether and avax, wallets integration, ThorFi

[@CB-sf9mx]

FTM James. You love it. Talk about it

[@sern191dragon]

Thank you for what you do James!

[@wil-gq9yi]

Thank you James , brilliant analysis and objective and fair 🙂

[@believeurhappy4410]

Good video but I think you’re a bit off with Multicoin Capital comments. Have a look at the prices Multicoin got those coins in your lists for. They are made 100s times their investment on Helium and Kadena and Solana. And they’ve sold some of those at huge profits.

[@David-sm1ht]

IMO Rune up to this point has existed anonymously and with integrity

[@awaysooner]

Many "bads" are positive in my book, e.g. anonymous devs. With the introduction of loans, Rune are burned (deflationary), as someone mentioned, it's not a governing token, it's utility tokens for LP, Savers, Node operators, loans, etc. If you didn't buy watching this video with so much misinformation, you just missed 5x gain as of Nov 23, and we are not even in peak bull market yet.

[@andrewpollard6243]

Hey Team anything changed with Rune. Could Rune make a good trading pair. Thanks

[@vubinh5428]

I appreciate your contributions, but there are basic things that you haven't learned and put into the clip, it's not good. RUNE is no longer working on Ethereum, why did you include it in the video?

[@perry300wm]

James, can you analyze ICP?

[@ikust007]

12:32 from Messari: 2018 not 2020 so in a bear market .

[@stallingsryan]

james Gaiaatom is probably a reference to the Gaia Hypothesis (pronounced Guy-ah) by James Lovelock, the idea the the earths ecosystem is a conscious self regulating organism, i don't know anything about the token

[@user-rq3rn2op5z]

Don't you plan to thepare the same overview for ROSE/Oasis Network?

[@Saiyan1Son]

James, can you review flux coin?

[@TeleportlabsETH]

I think the Rune people had a bit of an opportunity if they integrated Monero for obvious reasons. You could go from public to private and that would be a good use case. But they never implemented XMR as a supported chain.

[@whimsythecrypto-hippy-wolf1900]

They were working on it no?

[@stephane5352]

Devs are doxxed which makes TC vulnerable from a regulatory standpoint, so afaik Monero/Haven integration (on Thorchain) won't happen. It's when Maya comes in, as a 'friendly' fork, will help in that area, look it up.

[@MJLGEE]

Thank you, James!

[@InvestAnswers]

Hi Patti, Happy Wednesday

[@stuGkresreB]

When Luna/Ust was alive and well they were very close to having UST to btc through thorchain, the dream was to use Kado to purchase Ust with fiat, then UST to buy btc through thorchain, from fiat to btc in a completely anonymous completely decentralized way…. This dream is over for now, it’s a shame we were so close.

[@logical_lb3059]

Kado is not anonymous. It’s kyc

[@Garce227]

The best KPM.

[@InvestAnswers]

Hi Sophia, thank u.

[@Davedipan]

Please can you chack Syscoin? We need a "Should I buy" please

[@InvestAnswers]

only POW I do is BTC

[@Davedipan]

@@InvestAnswers but it's literally backed by BTC thanks to merge mining and also EVM compatible. It would be cool to hear your opinion.

[@MissP7197]

Hi James, I subscribed to your Patreon months ago but was never able to access anything through it (neither could I use Discord b that might be my issue!) Either way, I’d like to cancel but when I sign into my Patreon it says I’m not a member even though you’ve been debiting me for months (maybe a year?) Can you help me out? Thanks, Amanda

[@audioeye2803]

Great KPM on that one sir! Edutainment always helps the decision process, good looking out! Thank you James

[@InvestAnswers]

Thank you so much. Be well my friend.

[@adrianthomas2471]

Amen to that!

[@nielsvm7777]

Too bad this review is very misinformed. THORchain devs have invited him for a talk to cerrect the mistakes

[@adrianthomas2471]

Niels vm, good to hear that. Hope James takes them up on the offer. Industry crying out for more transparency. Good on thorchain if its the case. Thanks

[@BDBee81]

Hey man, hey everyone... Personally I suggest KDA (Kadena) for thorough scrutinising as I've been following the coin for quite a long time... During this time I've studied the inner workings of the code and fine it one of the most potential future proof blockchains period. Let me know what you think my brothers... aaaand sisters Best regards >8-D

[@ifitistobeitisuptome]

Awesome TA once again!! So much more indepth than I could ever do!! So..........Thank You! (once again)

[@InvestAnswers]

so welcome

[@GT-dw6lx]

James you are my go to man on here I love your honesty and way you break everything down ignore the idiots out there that are giving you a hard time they are honestly not worth listening to or worrying about

[@InvestAnswers]

Thanks GT