Typhoon Network — a smart contract on Binance's smart chain that allows users to send private transactions between two wallets. This is achieved through the use of zkSNARK, a new form of zero knowledge cryptography. zkSNARK allows users to prove ownership of information without disclosing that information.
Contents:
Description of the Typhoon Network
When depositing money into Typhoon, the user generates a random secret and sends a part of it (hash) along with the assets to the smart contract. In order to withdraw this deposit again, the user must provide cryptographic proof that he is indeed the owner.
Developers want Typhoon to evolve over time and adapt to user needs. For this, the token will help to make proposals and vote on changing the service.
Some features:
| 1 | Typhoon charges 0.1% commission on withdrawals. Token holders will be able to claim a proportion of these fees, proportional to the number of tokens they use to interact with the service to place bets and vote for governance. |
| 2 | The token will be used as a reward for users providing funds for contracts. The provided tools actively help in increasing the level of anonymity and ensuring the safety of other users' use. |
| 3 | Also, the token will help to reduce the fees that arise when interacting with Typhoon smart contracts and provided services. |
For a token to have a constant value and market, it is necessary to implement regular buybacks in addition to the proposed fee allocation model. A part of the accumulated commissions and blocked funds will help to buy TYPH back on the exchanges and AMM, return them to the distribution pool and complete the token cycle..
What else should you pay attention to?
The site has a WhitePaper document. You will find the rules for using the project and its main advantages there. Also, there is an introductory document with sections.
The community actively leads and promotes social networks:
- twitter;
- telegram;
- blog.
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