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Torch-network
ABSTRACT
- Torch-network is a platform which combines Lending-as-a-Service (LaaS)、Liquidity Pool-as-a-Service (LPaaS) with Staking-as-a-Service (SaaS).
- Decentralized Finance (DeFi) is one of the most quickly growing innovations in financial services. Torch aims to create an open financial system to everyone which don’t need to rely on central authorities.
- Torch network aims to innovate DeFi through blockchain-based credit loans (including small loans and unsecured loans), thereby improving global access and gaining consumer trust, making DeFi financial solutions available to most users, and further Expand the user base of DeFi services.
ADVANTAGE
Torch adopt the best features of other protocol while providing its own unique features, enabling users to enjoy the promise of decentralized finance.
- Lenders and borrowers can lend or borrow crypto assets by the anonymous way without registration or KYC.(inclube unsecured loan)
- Investors, traders, and speculators can offer their idle capitals as custom pools with a fixed rate for lending.
- Liquidity miners can provide assets to existing asset pools with an annual percentage return rate of up to 115% and manage Torch DAO by the vote of token .
- Users can also stake PoS-based assets in existing pools to earn staking rewards according to the underlying protocols.
- In addition, the governance token of Torch has a transfer burning mechanism, and each transfer has a relatively high probability burning 3% of the transfer amount.(Of course, if you're lucky, you might get more Torch .)
TOKEN DETAIL
- The Protocol Governance Token – TOC - is distributed to those who lock value in the protocol, providing a significant incentive to liquidity providers. As well TOC is needed to setup a liquidity pool.
TOC
Total supply:100 million
Sale:19.5 million
Liquality pool:10.9 million
Advertising：4.3 million
Foundation: 4.8 million
Team: 1.1 million
Staking Reward:59.4 million
Total supply:100 million
Sale:19.5 million
Liquality pool:10.9 million
Advertising：4.3 million
Foundation: 4.8 million
Team: 1.1 million
Staking Reward:59.4 million
FAQ
HOW I CAN TRUST YOU?
You don't have to trust anyone.
Our contract eliminates any need to trust a third party and will be available for your review.
All ETH raised will be locked in the Uniswap/Bal $ Toc/ETH liquidity pool in a verifiable manner.
In addition, the Torch team is buying its own tokens at the same price as everyone else, with no discounts or bonuses.
WHAT ARE YOU USING THE FUNDS FROM THE COMMUNITY SALE FOR?
78% of the ETH funds collected during the sale process will be locked in the UniSwap/Bal liquidity pool and will be used as a continuous source of liquidity.
The remaining 22% is used for future exchange listings, marketing, security audits, web development,
dapp development and further development in general.
Where will the Torch (Toc) be listed?
Uniswap and Bal – Initial working capital is approximately $226,000 (will be locked through smart contract) More exchanges will only be announced on our official channel.
For legal reasons, we are unable to comment on this.
IS THERE A WHITEPAPER?
The whitepaper is currently under review and will be ready for publication in the coming days.
Join our twitter to stay informed.
WHAT SHOULD I DO IF I MISSED THE PUBLIC SALE?
You can continue to follow our Twitter page for upcoming bounty programs
that will allow more and more people to become part of the Torch community and to understand the Torch concept.
You don't have to trust anyone.
Our contract eliminates any need to trust a third party and will be available for your review.
All ETH raised will be locked in the Uniswap/Bal $ Toc/ETH liquidity pool in a verifiable manner.
In addition, the Torch team is buying its own tokens at the same price as everyone else, with no discounts or bonuses.
WHAT ARE YOU USING THE FUNDS FROM THE COMMUNITY SALE FOR?
78% of the ETH funds collected during the sale process will be locked in the UniSwap/Bal liquidity pool and will be used as a continuous source of liquidity.
The remaining 22% is used for future exchange listings, marketing, security audits, web development,
dapp development and further development in general.
Where will the Torch (Toc) be listed?
Uniswap and Bal – Initial working capital is approximately $226,000 (will be locked through smart contract) More exchanges will only be announced on our official channel.
For legal reasons, we are unable to comment on this.
IS THERE A WHITEPAPER?
The whitepaper is currently under review and will be ready for publication in the coming days.
Join our twitter to stay informed.
WHAT SHOULD I DO IF I MISSED THE PUBLIC SALE?
You can continue to follow our Twitter page for upcoming bounty programs
that will allow more and more people to become part of the Torch community and to understand the Torch concept.
