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TORN soars 200% as Tornado.Cash’s governance token becomes tradable

Published 02/09/2021, 04:00 PM
Updated 02/09/2021, 06:00 PM
TORN soars 200% as Tornado.Cash’s governance token becomes tradable
ETH/USD
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The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants.

Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December. A snapshot for the airdrop was taken for Ethereum block 11400000, which was mined on December 6th, and addresses which had interacted with the protocol prior to that point were entitled to an amount of TORN tokens weighted to the frequency and amount of Ether they used.

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