Technical Overview
Understanding the Infrastructure and Token Economics of the TORA Ecosystem
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 Polygon network uses a proof-of-stake consensus mechanism, which allows for faster and cheaper transactions compared to the Ethereum mainnet. This makes it an ideal choice for our project as it enables us to provide a fast and cost-effective user experience.
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.
The tokenomics of the TORA project have been carefully crafted to align the interests of all stakeholders and promote sustainable growth for the platform.
Our smart contract will facilitate on-chain transactions and enable voting and proposal mechanisms via our Dapp.
Token distribution will be executed through an automated process utilizing ETHsign. Additionally, we have implemented a governance system that allows for community participation in decision-making.
We are also actively working on integrating several existing projects and their technology into our platform through mutually beneficial partnerships and under well-defined terms and conditions.
Tokenomics
The total supply of TORA is 200 million tokens, with a fixed supply that will not be subject to inflation.
Airdrop 50%
Private Sale 20%
Liquidity 10%
Vault 10%
Team 5%
Marketing 5%
Airdrop:
The TORA airdrop will be distributed among several key areas, with a focus on DeFi, NFTs, Gaming and Metaverse, and less so, to Open Book Traders.
This distribution strategy is designed to promote growth and adoption across a diverse range of use cases and communities. It also represents a first for the MATIC/Polygon blockchain, as it allows for a more targeted approach to community building and ecosystem development.
DeFi 20%
NFTs 15%
Gaming and Metaverse 10%
Open Book Traders 5%
Why a 50% Airdrop?
Airdropping 50% of the total supply to Polygon-based projects & supporters will be beneficial in the long-term for several reasons:
Increased community engagement: By airdropping a larger percentage of the total supply, more individuals will be incentivized to participate in the project, which in turn can lead to a larger and more engaged community.
Decentralized distribution: A larger airdrop percentage would likely result in a more decentralized distribution of tokens, which can promote a more stable and resilient network.
Increased liquidity: With a larger airdrop, there will be more tokens in circulation, which can increase liquidity and make it easier for holders to buy and sell tokens on the open market.
Increased adoption: A large airdrop could attract more users and investors to the project, which could lead to increased adoption and more opportunities for growth.
Increased competitiveness: a 50% airdrop could make the project more competitive and attractive for users and investors in the Polygon ecosystem, which is seeing a growing number of projects and users.
Tax
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 two primary purposes: 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.
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