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What is Tornado Cash (TORN) coin and how does it work?

by Financial Economy

Tornado Cash is a decentralized, surveillance-free privacy solution built on Ethereum. Improves transaction confidentiality by breaking the on-chain link between recipient and destination addresses. TORN is the local government token of Tornado Cash. Information about some topic that what is Tornado Cash (TORN) coin, how it works, how to buy, on which exchange, how much is it, etc is in continuation of the article. You can browse here for information about CargoX coin (CXO).

What is Tornado Cash (TORN) coin and how does it work?

Tornado Cash (TORN) Token is the cryptocurrency used in the privacy solution called Tornado built on Ethereum. TORN Token is a token that manages on-chain links to ensure transaction confidentiality between recipient and destination addresses. It is used to create smart contracts and generate passive income. The TORN Token, which is used to cut the way cryptocurrencies are connected to deposits in payment transactions, is a tool that ensures asset confidentiality.

Tornado Cash purpose!

The purpose of the Tornado Cash (TORN) Token project is to provide confidentiality in the exchange of cryptocurrencies between addresses for both individual and institutional investors. Therefore, TORN Token users benefit from untraceability when transferring from any on-chain address.

Torn token advantages and disadvantages!

Tornado Cash (TORN) Token benefits:

  • Highly secure crypto money transfer for corporate companies and individual investors,
  • Following steps that are untraceable and confidential from crypto money payment and exchange transactions,
  • Obtaining new tokens through staking, i.e. crypto currency locking in a certain term,
  • Clearing and trading opportunities on exchanges with large trading volumes,

All these advantages can be experienced in transactions made with TORN Token.

Tornado Cash (TORN) Token disadvantages:

  • The privacy slogan of TORN Token can be misunderstood by cryptocurrency investors. Due to the belief that transaction privacy supports money laundering conditions, interest in the token may decrease in the future.
  • Confidentiality exists only to ensure security between two addresses and to protect them against third parties.

Which exchange is it on?

TORN coin is listed on some cryptocurrency such as Binance, OKX, Hotcoin Global, Mandala Exchange, Bitget, etc.

How to buy TORN coin?

TORN coin can be purchased from listed cryptocurrency exchanges, mentioned above. However, before trading, it i necessary to make sure that the exchange and the crypto project are “TRUSTED”. It is so important point for investors.

TORN coin supply!

The total supply of Tornado Cash coin is 10.000.000 TORN.

TORN coin price!

As of March 18, 2022, at the time of creating the article, 1 TORN coin price is around $44,72 (the price can change instantly because of volatility).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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