Typhoon NetworkTYPH
$0.315
Market/Exchange
TYPH Price Prediction and Price Movement
TYPH has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that TYPH's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if TYPH is backed by a solid development team and whether TYPH's technology has any potential to grow.
Please note that this analysis is purely base on TYPH's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Typhoon Network Price Chart
About Typhoon Network
What is Typhoon
Typhoon Network is the #1 app for private transactions on Binance Smart Chain.
It does this by utilizing zkSNARK-based cryptography to remove the on-chain connection between deposits and withdrawals. By using Typhoon to transfer funds, it is no longer possible to determine who sent the transaction in the first place, thus providing anonymity and privacy ontop of an otherwise public blockchain.
With tokens are supported?
Typhoon aims to support majorly used tokens on Binance Smart Chain. At the time of writing, Typhoon supports transactions for BNB, BUSD, and TYPH - Typhoons own token.
What will the TYPH token be used for?
TYPH will be positioned at the center of the service for most future feature developments. In the future, TYPH will be used to enable extra functionality on Typhoon for power-users (such as lower fees), but will also enable community participation to shape future development and direction through governance, and allow extending the network by operating private relayer nodes.