From 8d7fd93161d2742e6cc3bcbc70963d114ddc5b7d Mon Sep 17 00:00:00 2001 From: bt11ba Date: Sat, 7 Aug 2021 13:46:42 +0000 Subject: [PATCH] GitBook: [master] one page modified --- torn.md | 12 ++++++------ 1 file changed, 6 insertions(+), 6 deletions(-) diff --git a/torn.md b/torn.md index 5ea9a95..ae80122 100644 --- a/torn.md +++ b/torn.md @@ -4,14 +4,14 @@ _Written by_ [_**Tornado Team**_](https://tornado-cash.medium.com/tornado-cash-g ## Token -TORN is an ERC20-compatible token with a fixed supply that governs Tornado.Cash. TORN holders can make proposals and vote to change the protocol via governance. +TORN is an ERC20-compatible token with a fixed supply that governs [Tornado.Cash](https://tornado.cash/). TORN holders can make proposals and vote to change the protocol via governance. **TORN is not a fundraising device or investment opportunity. It will remain non-transferable until the community decides that unlocking transfers via a governance vote, not earlier than 45 days following deployment, would comply with all applicable laws.** **Here’s how the initial distribution of TORN would break down:** -* **5% \(500,000 TORN\):** Airdrop to early users of Tornado.Cash ETH pools -* **10% \(1,000,000 TORN\):** Anonymity mining for Tornado.Cash ETH pools, distributed linearly over 1 year +* **5% \(500,000 TORN\):** Airdrop to early users of [Tornado.Cash](https://tornado.cash/)ETH pools +* **10% \(1,000,000 TORN\):** Anonymity mining for [Tornado.Cash](https://tornado.cash/) ETH pools, distributed linearly over 1 year * **55% \(5,500,000 TORN\):** DAO treasury, will be unlocked linearly over 5 years with 3 month cliff * **30% \(3,000,000 TORN\):** Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff @@ -21,9 +21,9 @@ TORN is an ERC20-compatible token with a fixed supply that governs Tornado.Cash. ## Airdrop -Users who have believed in Tornado.Cash from early on should have a say in governing the protocol. For this reason, early adopters of the protocol will receive an airdrop of TORN. +Users who have believed in [Tornado.Cash](https://tornado.cash/) from early on should have a say in governing the protocol. For this reason, early adopters of the protocol did receive an airdrop of TORN. -TORN will be airdropped to [all addres ses](https://github.com/tornadocash/airdrop/blob/master/airdrop.csv) that made deposits into Tornado.Cash ETH pools before block `11400000`. TORN will be airdropped in the form of a non-transferable TORN voucher \(vTORN\) that can be redeemed 1:1 to TORN within 1 year. TORN that aren’t redeemed will be swept into the governance contract after 1 year and become part of the DAO Treasury. Redeemed TORN will be available immediately. +TORN has been airdropped to [all addresses](https://github.com/tornadocash/airdrop/blob/master/airdrop.csv) that made deposits into [Tornado.Cash](https://tornado.cash/) ETH pools before block `11400000`. TORN were airdropped in the form of a non-transferable TORN voucher \(vTORN\) that can be redeemed 1:1 to TORN within 1 year, from December 18, 2020, to December 18, 2021. TORN that aren’t redeemed will be swept into the governance contract after 1 year and become part of the DAO Treasury. Redeemed TORN will be available immediately. The airdropped amount depends on users’ deposit size and age — larger deposits and older deposits will receive more TORN. Multipliers for deposit size are logarithmic: @@ -31,7 +31,7 @@ The airdropped amount depends on users’ deposit size and age — larger deposi -So a 100 ETH deposit will get twice as many tokens as a 1 ETH deposit. The multiplier allows large and small users of Tornado.Cash to both have a say in governance. +So a 100 ETH deposit get twice as many tokens as a 1 ETH deposit. The multiplier allows large and small users of [Tornado.Cash](https://tornado.cash/) to both have a say in governance. The exact curve for the time multiplier looks like this: