What is Typhoon (TYPH)?
Typhoon is a DApp built on top of Binance Smart Chain with the aim of becoming a Privacy – centric protocol for transferring users’ assets on the BSC network.
Typhoon also uses zkSNARK and zero-knowledge technology that allows users to transact privately within the public system.
Typhoon (TYPH) Highlights
Typhoon was deployed to solve the difficulties in the current Binance Smart Chain protocol, Typhoon also set goals in its improvement process such as:
- Become the main application on BSC to help participants transfer personal assets privately.
- Provide a secure experience for users, using zero-knowledge technology to build individually without interference by anyone else.
- Maintain the ecosystem with TYPH tokens, incentivize users to provide liquidity that enhances token value.
- Typhoon’s vision is to empower users by providing a rich and powerful data infrastructure for the entire Blockchain ecosystem through a single API.
Typhoon is a project built on Binance Smart Chain that is quite new, without many outstanding features, but when I experienced it on Typhoon, I found that they did a pretty good job of supporting users staking TYPH tokens. Besides, the APR & APY rates in the pool on Typhoon are also quite high, you can also claim TYPH right now.
If you do not understand what APR & APY are, or still cannot distinguish the difference between them, please refer to the following podcast: What is APR & APY? Correct understanding to increase farming profits, staking in DeFi
Token Information TYPH
Key Metrics Typhoon
- Token Name: Typhoon.
- Ticker: TYPH.
- Blockchain: Binance Smart Chain.
- Token Standard: BSC.
- Contract: 0x4090e535f2e251f5f88518998b18b54d26b3b07c
- Token type: Utility, Governance.
- Total Supply: 20,000,000 TYPH.
- Circulating Supply: Updating…
Token Allocation
Token Sale
At the moment, TYPH does not have a token sale program.
Token Release Schedule
20,000,000 TYPH will be distributed as follows:
- Project Allocation: 10% (equivalent to 2,000,000 TYPH) for the team and 20% (equivalent to 4,000,000 TYPH) for the reserve, the costs incurred will be released every month for 12 months.
- Initial Liquidity Allocation: 30% (equivalent to 6,000,000 TYPH). Of which, 20% will be used for token circulation and 10% to provide liquidity on AMM & exchanges.
- Attribution to Projects & Community: 40% (equivalent to 8,000,000 TYPH) will be distributed to community projects, such as trading rewards, airdrops and other contributions.
Token Use Case
Currently, the project has not announced the Use Case of the token, TYPH currently plays the role of providing liquidity for Typhoon and is the main token in the system’s staking and claiming programs.
How to earn and own TYPH Token
Typhoon has launched a testnet for users, along with a mainnet integrated with PancakeSwap to support users to easily swap stablecoins and native tokens via TYPH.
You can also increase the amount of TYPH in your assets by staking TYPH to receive more TYPH on Typhoon Network.
TYPH rate today
TYPH has now joined hands with PancakeSwap to support users to participate in Typhoon Network projects, there is no official announcement about the circulation of this token.
You can check and track prices on cryptocurrency rating and review websites like Coingecko, Coinmarketcap.
Roadmaps & Updates
Typhoon has now clearly outlined its upcoming plans in the future as follows
Phase 1 – 2021: MVP
- The dev team will release the first mainnet release in the market.
- Circulating tokens.
- Build userbase for users.
- Open source development for the system.
Phase 2 – 2021: Value
- Typhoon will conduct liquidity consolidation and staking.
- Promote Governance & Voting events.
- Finalize token-related proposals and consider transaction fees, airdop.
Phase 3 – 2021: Ecosystem
- Implement a system to split fees and redeem token funds.
- Integrate the protocol into AMM and partner sites.
Phase 4 – 2021: Updating…
- Consider bringing cross-chain functionality to the Typhoon platform.
Project team, investors & partners
The project has not announced related information about the development team, investors or partner projects. Techtipsnreview team will update as soon as the latest information is available.
Similar projects
Project website: Typhoon
#Typhoon #TYPH #BSC
Source: What is Typhoon (TYPH)? Complete set of TYPH cryptocurrency
– TechtipsnReview
