TornadoCash on BNB Chain

Introducing TornadoCash (TORN): A New Arrival on the BNB Chain

Welcome to the detailed profile of TornadoCash (TORN), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, TornadoCash (TORN) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about TornadoCash (TORN) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about TornadoCash (TORN) and find answers to some frequently asked questions.

Token description

## What Is Tornado Cash (TORN)? Tornado Cash aims to solve a number of the [privacy](https://coinmarketcap.com/alexandria/glossary/data-privacy) and [anonymity](https://coinmarketcap.com/alexandria/glossary/anonymous) issues in the crypto world, particularly surrounding traceability of transactions. Tornado Cash v1 was launched in August 2019 as an experimental software, and later evolved into a fully [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) [non-custodial](https://coinmarketcap.com/alexandria/glossary/non-custodial) protocol that permits [private](https://coinmarketcap.com/alexandria/glossary/private-blockchain) transactions. Tornado Cash utilizes [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) network. The protocol is able to achieve this level of privacy by disrupting the [on-chain](https://coinmarketcap.com/alexandria/glossary/on-chain) link between the [addresses](https://coinmarketcap.com/alexandria/glossary/public-address) of the sender and recipient. Often, the implementation of this technology is referred to as a “decentralized mixer.” The immutable nature of the protocol means that no transactions can be changed or tampered with, not even the developers, which assures the highest level of privacy to its users. ## Who Are the Founders of Tornado Cash? Roman Semenov, a co-founder of Tornado Cash graduated from Moscow State University where he studied Quantum Statistics and Field Theory. Following University, he worked in e-commerce and social media, having founded two companies in those fields. In 2017, Semenov branched into crypto, working as a Chief Software Architect at a foundation specifically focusing on Ethereum scalability. In 2018, he founded PepperSec, a white hat hacker security consultant agency, which led to the creation of Tornado Cash. Roman Storm, another co-founder of the protocol, has a long resume of positions in the tech, blockchain and software world. He previously worked as a Software Engineer at Amazon and Marketron. He also served as the Chief Technology Officer at the POA Network. Storm also held a position as a Blockchain Developer for Blockchainlabz.nz. Together, he and Semenov founded PepperSec and started Tornado Cash. ## What Makes Tornado Cash Unique? Tornado Cash is entirely [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) and runs a self executable code. In May of 2020, the developers destroyed their admin [keys](https://coinmarketcap.com/alexandria/article/private-keys-the-keys-to-your-crypto), which means that they themselves do not have the ability to see or alter any transactions that occur on their protocol. The team states that they do not have much oversight over the protocol aside from publishing code to GitHub, arguing that financial privacy is essential to freedom. The cryptographic method (MPC) used to destroy their admin keys means that transactions on Tornado Cash are “trustless and completely unstoppable,” in the words of co-founder Roman Semenov. The level of anonymity means that transactions on Tornado Cash can even potentially evade sanctions. The protocol is often criticized for its usage by hackers who can use it to store their stolen funds, and has been cited as a vehicle for money laundering. Despite the ultra secrecy of the protocol, some have argued that there may be a way to track transactions if there is a large deposit and low liquidity. ## Tornado Cash Sanctioned by the United States On August 8th 2022,[ Tornado Cash was officially sanctioned by the U.S](https://coinmarketcap.com/alexandria/article/u-s-sanctions-tornado-cash-to-stop-it-laundering-funds-for-malicious-actors) after a series of allegations that the coin mixer had been used to launder money from American citizens. Specifically, the U.S Treasury Department claims that over $7 billion in digital assets has been laundered through Tornado Cash over the past 3 years. The announcement of these sanctions brought about a massive price drop, some high level trolling and even an arrest. [An anonymous Tornado Cash user has been sending 0.1 ETH to public accounts of celebrities](https://coinmarketcap.com/alexandria/article/tornado-cash-user-trolls-u-s-by-sending-0-1-eth-to-a-list-celebrities) and other high-profile users, potentially implicating their accounts and underscoring the question of what these sanctions actually mean for crypto users. In terms of other legal repercussions, a 29 year old software developer at Tornado Cash has since been arrested. #### Related Pages: Learn more about the concept of [Privacy Coins](https://coinmarketcap.com/alexandria/article/what-are-privacy-coins) and the legal issues surrounding them. Find out more about [Monero](https://coinmarketcap.com/currencies/monero/) — one of the top anonymous cryptocurrencies. Read more about[ Helix](https://coinmarketcap.com/currencies/aave/) — a pioneer in “Bitcoin” mixing technology. Interested in deeper analysis and industry leading reports? Check out [CMC Research](https://coinmarketcap.com/alexandria/categories/cmc-research). New to this space and want to learn more? Visit [CMC Alexandria](https://coinmarketcap.com/alexandria), our educational portal. ## How Many Tornado Cash (TORN) Coins Are There in Circulation? At the time of writing in August 2022, there are approximately 1.1 Million TORN coins in circulation. TORN has a maximum circulating supply of $10 million. According to their whitepaper, the TORN [tokenomics](https://coinmarketcap.com/alexandria/glossary/tokenomics) and [token issuance](https://coinmarketcap.com/alexandria/glossary/token-issuance) schedule is as follows: 5% (500,000 TORN): Airdrop to early users of Tornado.Cash ETH pools 10% (1,000,000 TORN): Anonymity mining for Tornado.Cash ETH pools, distributed linearly over 1 year 55% (5,500,000 TORN): DAO treasury, will be unlocked linearly over 5 years with 3 month cliff 30% (3,000,000 TORN): Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff ## How Is the Tornado Cash Network Secured? Tornado Cash runs on the Ethereum network and is secured by [zero-knowledge proofs](https://coinmarketcap.com/alexandria/glossary/zero-knowledge-proof-2). The Tornado Cash protocol and the anonymity mining protocol has been audited by several professional audit companies including Zeropool. ## When Will Tornado Cash Trading Begin? $TORN began trading in February 2021, when it airdropped 5% of its total supply (500,000 TORN). ## Can TORN Hit $100? TORN launched at a trading price of $214.29 and hit an all time high of $436.16 in February of 2021, but has since lost 95% of its value. ## Where Can You Buy Tornado Cash (TORN)? You can purchase Tornado Cash at most leading centralized and decentralized exchanges including: [Binance](https://coinmarketcap.com/exchanges/binance/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/), [OKX](https://coinmarketcap.com/exchanges/okx/), [BingX](https://coinmarketcap.com/exchanges/bingx/), [CoinW](https://coinmarketcap.com/exchanges/coinw/), [Sushiswap](https://coinmarketcap.com/exchanges/sushiswap/) and [Deepcoin](https://coinmarketcap.com/exchanges/deepcoin/). For a full list of eligible exchanges, find out more[ here](https://coinmarketcap.com/currencies/torn/markets/).