FAQ

Frequently Asked Questions for TORA

Q: What is TORA?

A: The TORA project is a collection of high-quality projects operating on the Polygon/Matic chain. Our goal is to raise awareness and promote these projects by aggregating them in a single place, to benefit from increased visibility and access to a larger customer base.

Through a intuitive, attractive and interactive user experience, we aim to innovate, educate and facilitate the widespread adoption of the Polygon network.

Q: What are the values of TORA?

A: TORA is dedicated to supporting the community through various initiatives, including organizing events and promotions, and recognizing contributions. Our mission is to strategically partner with several projects on the Polygon / Matic chain and integrate their technologies into our ecosystem. Our goal is to develop and implement the best Polygon specific technologies within our protocol.

Q: What is the TORA token?

A: The TORA token is an ERC-20 token that will be used to facilitate transactions and interactions within the platform. It will also be used as a means of incentivizing users to participate in the ecosystem and contribute to the growth of the platform. The total supply of the token will be capped at a fixed amount, 200 Million, and 50% of the tokens will be distributed through an airdrop upon launch.

Q: What is the infrastructure of TORA?

A: The TORA project is built on the Polygon blockchain, also known as the Matic network, which is a layer 2 scaling solution for Ethereum. The TORA token is an ERC-20 token that will be used to facilitate transactions and interactions within the platform.

Q: How will TORA distribute its tokens?

A: The total supply of TORA is 200 million tokens, with a fixed supply that will not be subject to inflation. The tokenomics will be distributed as follows: Airdrop 50%, Private Sale 20%, Liquidity 10%, Vault 10%, Team 5%, and Marketing 5%. The TORA airdrop will be distributed among several key areas, with a focus on DeFi, NFTs, Gaming and Metaverse, and Open Book Traders.

Q: Why is there a 50% airdrop?

A: Airdropping 50% of the total supply to Polygon-based projects & supporters will be beneficial in the long-term for several reasons, including increased community engagement, decentralized distribution, increased liquidity, increased adoption, and increased competitiveness.

Q: What is the tax for TORA?

A: A 3% fee is imposed on each trade, both buy and sell, to support marketing efforts and the growth of the TORA ecosystem. These efforts include outreach to both marketing channels,our partners and further development of the TORA platform.

The treasury funds are utilized for a variety of purposes including the ongoing development of the TORA Ecosystem, including hiring developers, establishing partnerships, compensating project contributors and charitable donations, and accelerating the adoption through marketing campaigns, CEX listings, ads, influencer onboarding, promotional donations, and event sponsorships.