Ethereum-tornado mixer.cash has planned an airdrop for early users in the style of uniswap

developers of the tornado mixer.cash, which helps increase the privacy of transactions on the ethereum blockchain, today presented a proposal to transfer control of the protocol to the community. to do this, they intend to issue their own token and distribute it to early users of the service, as previously done by the decentralized exchange uniswap.

«Tornado.Cash is completely autonomous and decentralized, but it is static – it cannot evolve. We suggest changing this. If the offer is approved, the Tornado management will be notified.Cash will be trusted to users. Thus, Ethereum users will control their own privacy protocol, " the project writes.

Although The Tornado.Cash is not positioned as a cryptocurrency mixer, in fact it is. The service helps to break the ties between the sender and recipient of a transaction in the blockchain, using zero-knowledge proof technology and mixing user tokens.

To transfer control to the community, the developers propose to issue a specialized TORN token. It will allow you to make proposals for improving the protocol and vote for them. The distribution of tokens is proposed to be carried out among early users of Tornado.Cash and the creators of the project.

"torn will be distributed to all addresses that have made a deposit to tornado's eth pools.Cash up to block 11400000. torn will be distributed in the form of non-transferable vtorn vouchers, which can be redeemed with torn at a 1-to-1 rate within one year, " the report says.

The specified block was added to the Ethereum blockchain on December 6. During the airdrop, it is proposed to use a multiplier that will depend on the amount of user deposits. For example, those who contributed to Tornado.Cash 100 ETH, will receive twice as many tokens as those who deposited 1 ETH. If the community supports the proposal, a total of 10 million TORN will be released. Of these, 5% or 500,000 TORN will be distributed through airdrop, 10% will be involved in the mining program, 55% will receive a decentralized autonomous organization( DAO), and 30% – the founders and early supporters of the project.

"torn is not a tool for collecting funding or investments. tokens will be blocked until the community decides to unlock them by voting, no earlier than 45 days after launch, " the developers explain.

in september, a similar airdrop for its users was held by the uniswap exchange. at that time, about 113 million uni worth $422 million were distributed at the current exchange rate. in the early stages, the tokens received by each wallet could be exchanged for $2 000 – 3 000. the tornado airdrop is expected.cash will be less large-scale, but it can still help draw attention to the protocol.

Some have already expressed concerns that the TORN airdrop may lead to deanonymization of mixer users. «Tornado.Cash enters a token for management. Thus, they leave the space of the trustless DeFi and enter the space of the whale-controlled DeFi. In any case, it will be interesting, " writes Chris Black, an active participant in the DeFi space.