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Take your RUNE off exchanges

avatar of @mistakili
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@mistakili
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2 min read

Because if you don’t, the $RUNE doesn’t belong to you, it belongs to the exchange. The ethos behind crypto in general and THORChainspeaks self custody of users funds, leaving your RUNE on exchanges is like doing the direct opposite of that. Not your keys, not your coins.

Beside the security to the custody of your coins being at risk, if any airdrop is going to happen for any reason, a reliable place to harvest wallet addresses is on the blockchain, the exchanges that hold your crypto will have their own addresses collected, not yours, and then they get your airdrops and guess what? They keep them.

A typical example is when THORSwap used a snapshot of the blockchain at a particular point as part of the criteria for users to get the THOR airdrop. OR when Hive forked from Steem and people who had their Steem on exchanges couldn’t get Hive and the exchanges held on to them because it technically belonged to them?!

The other day Edge wallet integrated THORChain protocol, it helps the wallet facilitate permissionless swaps right from within their wallets, the ball has started to role, the world has woken up to the need for self sovereignty, financial freedom and ownership,

https://edge.app/blog/company-news/edge-adds-support-for-thorchain-swaps/?af=t-co

Edge serves 3.3million accounts, this is potentially over 1million real people will use Thorchain protocol and not even know it.
There’s a chance that more wallet integrations are coming and who knows if they’ll do some airdrop’s or claim drops to RUNE holders, if your RUNE is with Binance, Binance keeps the tokens.

Is your Rune or any of your crypto on exchanges? Why? How may I plead with you to take it out. Pretty please 🥺!

Posted Using LeoFinance Beta