IDO Announcement: Rango Exchange

5 min readApr 22, 2022

THORChads believe the future is multichain, and when we see a product that makes this future a reality we can’t help but get excited.

Today, we are more than thrilled to announce that we will bring Rango Exchange to the Thorstarter community, as it aims to become the most powerful multi-chain platform for DEXs and bridges all around the crypto world, based on reachability and support of top blockchains.

Enter Rango Exchange

Rango is a super aggregator that can perform complex multi step swaps across different chains and bridges. Its goal is to find the fastest and cheapest path to do multi-chain transactions. It does this by combining all DEXs, DEX aggregators and bridges around the DeFi world to become the World’s First Multichain DEX Aggregator.

Rango is leading the way towards being able to swap any token, on any blockchain🦎

Why Rango Exchange

To begin with, Rango’s multichain universe is already huge. As it already supports more than 40 blockchains, 10+ bridges/DEXs, and 7 different wallets.

Rango is not only multichain, but as it can combine with other Decentralized exchanges and bridges, users will get the cheapest and best path for their swaps. For example, combining Thorchain with 1inch or Matcha.

As part of its bigger vision, Rango will also provide a routing service and SDKs to crypto dapps & interfaces. Meaning all major platforms like Thorwaller, Brokkr, Thorswap, Xdefi, etc. can use this API to swap any token with another as an integrated solution on their platforms. This generates fees for the Rango Platform and increases the adoption of a Multichain future.

Rango is built on top of Leading Defi Technologies and maintains the core principles of DeFi for its users:

Permissionless: Blockchains are public and open for everyone to trade and own assets without the supervision of governments or financial institutions.
Censorship-resistant: There is no central party to control, censor, shutdown, or lock auser’s money.
Transparency: Users can track every transaction or smart contract before allowing to access their money, and also, they can track the whole chain of events happening all around the blockchain.
Anonymity: There is no KYC required to use Rango or other DeFi services. All those users have to do is create a wallet and put some money in it.
Non-custodial: All swaps and bridging are done in user’s own wallets, absolutely no centralized ownership from Rango is forced. And also, in case of similar options (for example Thorchain vs Binance Bridge), Rango will prioritize Thorchain due to its decentralized nature and will fall back to centralized options if there is no betteralternative.

You can learn more about Rango here.

The $RANGO Token

$RANGO is the multi-utility token of the Rango Exchange

Investors can benefit from staking and providing liquidity to the Rango exchange with $RANGO. This way they can make profits from the fees earned by the exchange
The token is also designed to earn more value as more people use the product. 80% of the trading fees will be utilized to buy back the token and distribute it to stakers.
Another great utility of the platform is the possibility to use $RANGO to buy gas on a requested chain. This benefits both Rango and the crypto ecosystem, while also eliminating the need to go to a centralized exchange in order to buy tokens for Gas.

The $RANGO IDO

The $RANGO IDO will be launched in May 2022. Here are the initial details:

- Network: Terra
- Token: $RANGO
- Date: May 11, 2022
- Price: $1 UST / $Rango
- Raise Size: To be announced 👀
- Vesting: TGE June 02, Unlocks linearly starting June 2nd until June 8th 2022
- Registration opens: 4 days Prior to sale

We look forward to offering $RANGO to our community.

SKÅL frens

Participating in a Thorstarter Sale

Pre IDO

Buy XRUNE (Fantom) on SpookySwap (0xe1e6b01ae86ad82b1f1b4eb413b219ac32e17bf6)

Connect (on Fantom) to our app and deposit your XRUNE in our Forge — Based on how much you deposit in Forge, you will get an allocation multiplier for the IDO:

2,500 XRUNE = Tier 1–1x Allocation Multiplier
7,500 XRUNE = Tier 2–3x Allocation Multiplier
25,000 XRUNE = Tier 3–10x Allocation Multiplier
50,000 XRUNE = Tier 4–20x Allocation Multiplier
100,000 XRUNE = Tier 5–40x Allocation Multiplier,

This means that you are eligible for some multiple of a given sale’s base allocation

Once your XRUNE is locked in Forge, granting you access to our sales, participation is a two-step process:

1. Registration for IDO

Before the sale, you will need to “Register Interest” in our app to reserve your spot.

Registration is open until 2 hours before the sale. Make sure to Register with your wallet that is Staked in Forge (or Tiers for those not in Forge)

You will then be prompted to Enter your Terra address that you will use on IDO Claim day

IDO Day

2. On Sale Day, go to our app, connect your wallet, and claim the tokens you registered for with UST.

SKAL frens!

About Thorstarter

Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution that also helps building communities.

Thorstarter community members have the chance to invest alongside the Thorstarter treasury by entering Thorstarter Tiers with the $XRUNE token.

Thorstarter currently launches on THORChain, ETH, Terra, Fantom, and Polygon, with further chain expansions (such as Solana) happening in 2022.

Thorstarter Links

⚡️ Website: https://thorstarter.org

⚡️ Telegram: https://t.me/thorstarter

⚡️ Telegram ANN: https://t.me/thorstarter_ann

⚡️ Twitter: https://twitter.com/thorstarter

⚡️ Blog: https://blog.thorstarter.org

⚡️ Discord: https://discord.gg/awmWNyWb

️️⚡️ XRUNE ETH address: 0x69fa0fee221ad11012bab0fdb45d444d3d2ce71c

️️⚡️ XRUNE Terra address: terra1td743l5k5cmfy7tqq202g7vkmdvq35q48u2jfm

️️⚡️ XRUNE Fantom address: 0xe1e6b01ae86ad82b1f1b4eb413b219ac32e17bf6

*Please note. The sale is only open to non-U.S. persons and entities. In addition, the sale is 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.