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

Prior to Substrate and OAK Network, 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 OAK’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 (On-chain Autonomous Kernel ). 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.

## Tokenomics

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://oak.tech/turing/token/#supply-curve](https://oak.tech/turing/token/#supply-curve)

## What is trustless automation?

1. OAK is **non-custodial** and will never ask for your private keys or your crypto. 
2. You tell OAK **what action to take**, including what or who you are interacting with, and what you are doing with it or them. This is typically an extrinsic call to another parachain where your action will occur; examples include transferring, swapping, or depositing tokens or claiming and staking rewards. 
3. You tell OAK **when to trigger** execution by specifying a data stream and a condition. Data stream examples include date / time, token price, events or state changes of smart contracts or other blockchains, weather, or other real-world information sources. A condition is a logical operation applied to that data stream; “When the temperature in New York City hits 120F” or “The first Monday of every month”, for example.

Use cases powered by trustless automation from the Turing Network include:

- Data stream: Time
    - Scheduling payments
    - Stable-cost-averaging
    - Compounding yield - staking rewards
    - Compounding yield - LP rewards
- Data stream: Price
    - Stop-loss orders
    - Limit orders
    - Collateral liquidation protection

## Where Can I Buy Turing (TUR)?
TUR is currently listed on Managa’s Decentralized Exchange, https://app.mangata.finance/

Turing Network

a layer-1 blockchain that enables multi-chain applications to automate single or recurring transactions using a simple ‘if this’ trigger condition 

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