Common problems
Is THORChain safe?
THORChain Rating: 5.3 (a comprehensive rating based on the actual trading, liquidity, price, market capitalization and other key information of the Binance exchange)
What does centralized exchange mean?
A centralized exchange generally refers to a custodial asset trading place controlled and managed by a company or operating entity. Users need to deposit their assets on the platform to start trading. In traditional finance, stock exchanges such as NYSE, Nasdaq, etc. are all centralized exchanges. Binance, Coinbase, and Kraken are centralized exchanges in the crypto industry. Their operations are similar to Nasdaq, using a central order book model to match transactions and determine asset prices.
Is THORChain a scam?
No, the current comprehensive score of THORChain is 5.3, and there is no sign that THORChain will make money and run away.