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What is TòròNet Chain?

The TòròNet Chain is a custom-built, Turing-complete, Layer 1 blockchain infrastructure that leverages Tokenization and Smart Contracts to deliver value across

Participants can build and host cutting-edge Decentralized Finance (DeFi) apps in a secure, efficient, and cost effective environment. In addition to interact with the Apps developed by the TòròNet DAO.

Users can interact with the blockchain directly or through other intermediary projects that are built on the TòròNet Chain allowing them to engage with independent centralized architectures that fit their needs and conform to regulations in their jurisdiction.

Easy Steps to Tòrò

Begin your journey with a simple click!

  • Create your Wallet

    Get started by creating your TòròNet wallet. Your gateway into the TòròVerse

  • Fund your Wallet

    You can instantly fund your wallet using ERC-20 bridge

  • Safely acquire Stable Coins

    TòròNet protocol provides users an array of trusted Fiat-backed Stable Coins

  • Join the Community!

    Participate in the TòròNet Ecosystem to empower others and earn rewards!

Our Features

Transform global development by our an innovative blockchain infrastructure.

  • Fast and Easy

    Fast enough to be used for real-life commerce in stores, checkout, and in farm communities using mobile client Apps.

  • Accountability

    Modified Proof of Stake consensus such that each node can only commit transactions to the limit of their reserves within time periods or epochs.

  • Democracy

    Nodes are voted in by the community as governed by the DAO and are trusted based on their reserves and community authentication.

  • Decentralized Network

    Combined Decentralized- Centralized architecture where the chain is decentralized and is a platform for hundreds of projects, some of which may be centralized.

  • community

    Projects include community based organizations, agricultural, urban and rural cooperatives, and credit unions.

  • Independent projects

    Projects can have centralized structures, require KYC, and AML from their members, and compliant with their various jurisdictions.

  • Customer Service

    Projects can organize and provide useful and effective technical and customer support for their services to their users on the platform.

  • Key Backup

    Projects can provide asset recovery services for their KYC'd opted-in customers in the event of lost primary keys.

  • Features

    The platform provides intrinsic features to manage KYC and AML indication intrinsically within blockchain addresses.

  • Token

    Tokens on TòròNet are intrinsically interoperable in formulation and are built to be separable from the platform and movable to other blockchains. TòròNet formulation is built for freedom of financial assets, rather than locking them within blockchain platforms.

  • Interoperability

    Current interoperable implementation with the Ethereum network. Other implementations in progress includes Bitcoin network, Binance Smart Chain, and Avalanche C-chain networks.

Our Stats

The TòròNet blockchain is a ledger consisting of accounts and balances.

4
Active Nodes
5
Projects
2K+
Network Traffic

Our Roadmap for 2022

Transform global development by our an innovative blockchain infrastructure.

Quarter One 2022

  • Distribution of the governance tokens to early adopters on the network that exchange assets to acquire the Toro stablecoins. We expect this to bring in about 400,000 – 800,000 users who would want to obtain the governance tokens and be able to influence the ecosystem via the DAO.
  • At least 5 user case projects to come online. One is already active which is a community token for a church with 20 million members worldwide. A decentralized finance project is in development to provide small microloans to end users with proven business needs for productivity tools such as smart phones and used laptops.
  • A staking use case is also in development to allow those with liquidity fund these developments at yields of about 10-20%, which still exceeds some of the finance rates in those communities, that are often as high as 30%.
  • Integration with additional platforms including BSC and Avalanche so that tokens on the platform can effectively also be ported to those platforms and are as much tokens of those platforms. (Eth is currently implemented and active on the platform.)

Quarter Two 2022

  • At least 5 additional use cases are approved on the platform by the DAO and come online.
  • Implementation of the bridge to Atom chains.

Quarter Three 2022

  • Completion of a project with the necessary banking licenses in the target communities to enable integration to CBDCs that are already active in the continent, with more planned and coming online later in the year.
  • At least 5 additional use cases are approved on the platform by the DAO and come online.

Quarter Four 2022

  • The method of proposals submissions to percolate up to DAO is developed by the community, which is now active and has active members, such that proposals no longer need to go through the TòròNet Association. Then admission of nodes, projects, and all proposals for governing the network is completely decentralized and determined by the community.
  • The Association’s 20% of fees enshrined in the constitution is now significant and is being deployed to useful grants and loans in the rural and underbanked communities.
  • Hackathons and workshops are organized for the developer community backed by the APIs as well as some of the governing tokens allocated to further help grow the network.
  • More use cases and projects of interest to the community are further approved on to the platform via the DAO.

Blockchain Security Reviews

Transform global development by our an innovative blockchain infrastructure.

  • Published Feb 17, 2022 In Blockchain Security Reviews

    Analysis of the Meter Bridge Exploit

    On Feb 5, 2022 an exploit of the Meter bridge was revealed. In this article, we will review how this occurred, and how it could have been…

  • Published Feb 2, 2022 In Blockchain Security Reviews

    Analysis of the WormHole Exploit

    On Feb 2, 2022 an exploit of the Solana-Ethereum bridge was revealed. In this article, we will review how the hack occurred, and how it…

  • Published Mar 23, 2022 In Blockchain Security Reviews

    Analysis of the Ronin Bridge Exploit

    On March 23, 2022 an exploit of the Ronin bridge was announced[1] by the network. In this article, we will review how the hack occurred, and how it could have been prevented.…