Turing Network price

TUR

The Turing Network is a custom Substrate parachain on the Kusama relay chain, built on the same code by the Ava Protocol team. Ava Protocol provides the payments and finance infrastructure for Web3, empowering connected blockchains and decentralized applications with trustless and secure automation.

Prior to Substrate and Ava Protocol, scheduling or automating transactions on a blockchain required sacrificing on decentralization (off-chain cron jobs) or security (semi-on-chain keepers).

The Turing Network is Ava Protocol’s canary network, enabling trustless and secure automation with a simple “if this” condition and “then that” action, made possible by combining data streams with event-driven execution. As Kusama parachain, Turing benefits from the robust security and cross-consensus communication with connected blockchains while using its own Proof-of-Stake (PoS) consensus mechanism.

TUR is the native utility token of the Turing Network that is used for:

• Fees for processing transactions and storing data.
• Running collator nodes to secure the network via staking.
• Delegating stake to collator nodes securing the network.
• Governance to determine how network resources are allocated.

One billion TUR tokens will be minted and distributed over a 3-year supply curve.

• 48,000,000 (4.8%) tokens were the initial circulating supply; to be distributed to crowdloan participants for the Kusama parachain.
• 5% of additional supply is issued each year to support the network, of which 50% goes to staking rewards (2.5% total), 20% to collators (1% total), and 30% are reserved for future parachain slots.

This inflationary force will be constant throughout the duration of the network’s life, but will be counterbalanced through burning of transaction fees; which are expected to result in net deflation over time.

See: https://avaprotocol.org/#supply-curve%5D(https://oak.tech/turing/token/%23supply-curve) ](https://avaprotocol.org/#supply-curve )