THORChain Will Be Phasing out Its Non-Native Tokens

Jul 19,2022,11:30

THORChain will be phasing out its non-native tokens. BNB.RUNE and ETH.RUNE (IOU Tokens), are being swapped out for the upgraded and completely native $RUNE token. Moving forward, these tokens will progressively lose their value over the next 12 months as the project aims to foster adoption of its fully unified variant of $RUNE, enabling stronger asset interoperability. Users who hold their IOU Tokens on centralized changes will have their tokens automatically upgraded to the new native $RUNE. Those who keep their tokens in private wallets must create a new wallet supported by THORChain and then click an upgrade button to make the switch.

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