Tornado Cash
TORN
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Tornado Cash (TORN) Overall Evaluation
Value Proposition: TORN underpins the leading zk-SNARK–powered mixer on Ethereum, addressing on-chain privacy needs with a non-custodial design and robust security pedigree.
Strengths
- Security & Audits: Extensive third-party reviews, active bug bounties, no exploited issues post-immutability (9/10).
- Market Position: Clear niche in privacy, deep liquidity, steady fee demand (7/10).
- Community: Engaged, technical user base and grassroots development (7/10).
Weaknesses & Risks
- Active Development: Low commit velocity, limited contributor diversity, stale roadmap (3/10).
- Governance & Team: Pseudonymous founders, central admin keys, modest voter turnout, regulatory/legal exposure (4/10).
- Tokenomics: Fixed supply but large treasury and no burn mechanism; demand sinks limited (6/10).
Summary: TORN scores 6/10. It excels in security and niche market fit but faces regulatory headwinds, development inertia, and governance centralization.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Tornado Cash (TORN)
Tornado Cash (TORN)
Tornado Cash (TORN) is a decentralized non-custodial privacy protocol on the Ethereum blockchain. It leverages zk-SNARK zero-knowledge proofs to enable private transactions for ETH and ERC-20 tokens. By depositing assets into an anonymity pool and withdrawing from a new address, Tornado Cash breaks the on-chain link between sender and recipient.
Key Features
- zk-SNARK privacy: Protect transaction metadata with zero-knowledge proofs.
- Non-custodial mixer: No trust required; smart contracts enforce the protocol.
- Governance token: TORN holders vote on upgrades and parameter changes.
- Open-source and audited: Transparent smart contracts with community reviews.
Token Details
- Symbol: TORN
- Network: Ethereum (ERC-20)
- Maximum Supply: 10,000,000 TORN
- Use Cases: Governance, fee discounts, staking incentives
Resources
- Website: https://tornado.cash
- Documentation: https://docs.tornado.cash
- GitHub: https://github.com/tornadocash
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