TORN Price Live Data
The live Tornado Cash price today is $18.10 USD with a 24-hour trading volume of $43,338,017 USD. We update our TORN to USD price in real-time. Tornado Cash is up 6.47% in the last 24 hours. The current CoinMarketCap ranking is #643, with a live market cap of $19,908,471 USD. It has a circulating supply of 1,099,795 TORN coins and a max. supply of 10,000,000 TORN coins.
If you would like to know where to buy Tornado Cash at the current rate, the top cryptocurrency exchanges for trading in Tornado Cash stock are currently Binance, OKX, BingX, MEXC, and CoinW. 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 These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.
To learn more about this project, check out our deep dive of Tornado Cash.
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).
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