What Is ThunderCore (TT)?
Thunder Token (TT) is the native token of ThunderCore, which is a public blockchain that offers EVM compatibility. It allows developers to deploy decentralized applications (dApps) on top of it. There is a huge variety of dApps on ThunderCore including gaming, gambling, and many others. Besides, it’s interoperable with other blockchains such as Ethereum, BSC, and Huobi Eco Chain. If you want to find out the current or the previous TT price, investigate the ThunderCore price chart (you can find one above).
ThunderCore is secured via its own unique consensus mechanism called PaLa. It’s a byzantine fault-tolerant consensus protocol. In PaLa, a proposer submits a block for validation, and if certain conditions are met, consensus nodes vote on the block. A block becomes approved after it receives at least 2-3 votes.
One of the differentiating features of PaLa is that it allows switching bad nodes in a matter of seconds without sacrificing speed or liveness. This consensus mechanism was created to tackle the problem of scalability. By utilizing PaLa, ThunderCore provides users with more than 4 thousand transactions per second, near-instantaneous transaction speed, and low gas fees.
The Founders of ThunderCore
Chris Wang, Rafael Pass, and Elaine Shi co-founded ThunderCore in 2017.
Chris Wang has a degree in computer science. Prior to founding ThunderCore, Wang worked as a VP of Tech at the Walt Disney Company. Besides, he also co-founded Playdom.
Rafael Pass is a scientist. In the past, he worked in such companies as Price Waterhouse Coopers and JP Morgan. Besides that, he was a part of the ANONIZE protocol development team.
Elaine Shi is a research scientist at Berkeley University. As of August 2019, she is not a part of the ThunderCore team anymore.
The Purpose of TT Tokens
TT token is a utility token of the ThunderCore network based on the ERC-20 token standard.
Primarily, TT tokens are used as a payment method for gas fees. Moreover, they are the foundation for all transactions made on ThunderCore. Besides that, TT tokens can be used as a payment method. For example, TT holders can purchase NFTs on CaptureClub. Lastly, ThunderCore tokens are used for building dApps on the ThunderCore network, as well as monetizing them.
ThunderCore offers various dApps that allow users to earn TT coins. This includes TT Mining, TTSwap (ThunderCore DEX), and much more. Besides that, there is the ThunderCore Faucet, which allows users to get free TT tokens.
Tokenomics of TT
The max supply of ThunderCore coins is 10 billion. In 2018, the initial exchange offering (IEO) for TT tokens was held on Huobi.
26% of the total supply was dedicated to early investors and adopters, while 19% was set aside for the company’s operations. Furthermore, 20% was given to ThunderCore developers, partners, advisors, and employees, while the remaining portion was set aside for bug bounty and community rewards.
If by now you've decided to purchase ThunderCore coins, note that the TT price has a tendency of changing. This process may be influenced by a number of variables, but the primary one is that the volatility of the cryptocurrency market tends to have an impact on the pricing of crypto assets, including the ThunderCore price.
