What is RUNE coin used for?

THORChain is a Tendermint-based chain, and therefore uses Tendermint BFT (Byzantine Fault Tolerance) as its consensus mechanism. It also employs Proof-of-Stake (PoS) for Sybil resistance. As part of the PoS element, a system of validators can stake RUNE tokens to run network nodes and validate transactions .

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Is RUNE a coin or token?

RUNE is a BEP-20 token on the Binance Smart Chain. Runes are also BEP-20 tokens. The project was forked from Goose, which was audited by Certik and Hacken. The team claims to have audited it internally by half a dozen developers and is working on getting more official audits.

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