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Tornado CashTORN
Tornado Cash Price (TORN)
0.003077 BTC12.51%
0.09106 ETH12.10%
Tornado Cash TORNPrice: $165.76 5.50%Tornado Cash Links
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TORN Price Statistics
| Tornado Cash Price | $165.76 |
|---|---|
| Price Change24h | $-9.66 5.50% |
| 24h Low / 24h High | $142.67 / $175.68 |
| Trading Volume24h | $5,438,183.37 76.15% |
| Market Dominance | 0.00% |
| Market Rank | #417 |
| Market Cap | $56,244,135.29 5.04% |
|---|---|
| Fully Diluted Market Cap | $1,657,581,585.61 5.50% |
About Tornado Cash
The live Tornado Cash price today is $165.76 USD with a 24-hour trading volume of $5,438,183 USD. Tornado Cash is down 5.50% in the last 24 hours. The current CoinMarketCap ranking is #417, with a live market cap of $56,244,135 USD. It has a circulating supply of 339,314 TORN coins and a max. supply of 10,000,000 TORN coins.
The top exchanges for trading in Tornado Cash are currently OKEx, Uniswap (V2), Hoo, Gate.io, and MXC.COM. You can find others listed on our crypto exchanges page.
What Is Tornado Cash (TORN)?
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.
Tornado Cash uses zero knowledge proofs (zk-SNARKs) to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits. zk-SNARK technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to. TORN is Tornado Cash’s native governance token. It’s a fixed-supply ERC-20 token that is used for voting on protocol upgrades and fixes.
How Many TORN Tokens Are There in Circulation?
The TORN governance token has a fixed total supply of 10,000,000. 5% of the supply is allocated to previous protocol users via an airdrop, 10% to liquidity mining rewards (distributed linearly over 1 year), 30% to founding developers and early supporters (unlocked over 3 years with a 1 year cliff), and 55% to the protocol treasury (unlocked linearly over 5 years).
Related Pages:
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Learn more about TORN here.
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