TONNEL Network Price(TONNEL)

TONNEL Network is a Zero-Knowledge privacy protocol operating on the TON blockchain. Its main purpose is to enhance the privacy of transactions within the TON ecosystem, drawing parallels to the functionality of Tornado Cash on the Ethereum blockchain. The project allows users to increase the anonymity of their transactions involving various cryptocurrencies, such as TON and JETTONs, as well as NFTs on the TON network. It achieves this by acting as a mixer, where multiple users can combine their funds into a single transaction. When funds are withdrawn, the process is designed to obscure the connection between the original deposit and the withdrawal, making it challenging to trace the transaction flow and link senders to recipients. The core technology behind TONNEL Network is Zero-Knowledge proofs, specifically ZK-SNARKs. This cryptographic method became available on the TON blockchain following a Ton Virtual Machine update. This technology allows for the verification of information without revealing the information itself, contributing to the privacy features offered by the network. TONNEL Network is also an open-source project. Users engage with TONNEL Network by interacting with its smart contracts. This involves depositing supported tokens into the contract and later withdrawing them using the privacy-preserving mechanisms. The project aims to integrate these privacy functionalities across the broader SocialFi ecosystem on the TON Blockchain. Early in its development, TONNEL Network conducted private investor sales of NFTs and subsequently distributed more NFTs through airdrops for marketing purposes. These NFTs grant holders points and the ability to act as relayers, which means they can facilitate withdrawal transactions from the mixer. Relayers earn a percentage of the transaction amount for their services. The network has seen different iterations, including TONNEL V4, described as the first Sharded Zk Join-Split Implementation on TON. The project also underwent a testnet phase where users participated in testing the technology. Learn more

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