It has been announced that the Tórónet governance token will soon be listed on the Bitmart public exchange.

Since our inception, we have been dedicated to creating a robust infrastructure that delivers accessible payments and financial services to underserved communities, ensuring tangible value for those who need it most. While many layer-1 blockchain solutions prioritize early exchange listings, we chose a different path — focusing on refining our systems and demonstrating that our technology effectively addresses the needs of our users.

Why List Now?

Our decision to proceed with a public listing at this time is driven by strategic objectives that align with our mission of financial inclusion and decentralization:

1. Tórónet platform is constituted to be decentralized. An exchange listing enables a more decentralized base of holders of the governance tokens, sufficient to enable the wisdom of the crowd to take hold in shaping the future direction of the platform.
2. It is estimated that users in Africa and indeed the global south represent about 20% of exchange volumes [Chainalysis1, Bit2Me News2]. Getting our platform listed enables our communities to be owners of projects on the public forums and participants, rather than mere consumers.
3. We would also like our platform to be represented on public forums where such platforms are represented including forums such as Coinmarketcap and Coingecko. To be listed on such forums, we needed to be listed on a public exchange. In fact, some of the public exchanges themselves are operationally public forums significantly.
4. Getting listed on public forums enables more members of our community to find our platform, and find the projects on our platform, and access their potential benefits.
5. Public utility tokens are becoming more a fabric of the global financial landscape. Bitcoins are now part of the US financial system through approved ETFs, the percentage of households that are holders of public tokens are now estimated at 8% [Triple A3] of the global economy, and growing, and have shown their ability to influence traditional governance in several jurisdictions, including most recently in the United States. Such realities need to be recognized and embraced such that Tórónet can have the most impact in an emerging world that would be comprised of traditional fiat assets, and public and private tokenized assets. The next few years are set up to be interesting, present a huge leap forward in payment systems, financing, and its intersection with artificial intelligence, and we would rather be participants in positively shaping this landscape than observing from the sidelines.