Typhoon Network has launched on Polygon
Since launching on Binance Smart Chain in the earlier BSC days, Typhoon has managed to establish itself as one of the most used apps for private transaction and key enabler for privacy on this chain, hitting $1,000,000 in transaction volume almost on a weekly basis.
Typhoon team announced that Typhoon has been successfully deployed to Polygon Mainnet!
To use Typhoon on Polygon, header over to https://app.typhoon.network and use the new network selector, or directly head to https://polygon.typhoon.network.
Why Polygon?
Polygon has gained a lot of traction in the past few months and is starting to shape up to be a viable Ethereum side-chain with low transaction fees similar to BSC.
We want to bring privacy-centric features we started to establish on BSC over to Polygon, building Typhoon up to be a one-stop solution for privacy needs across different L2 chains.
But Polygon is not the end. The Typhoon team is committed to continue supporting community needs in the ever-changing crypto space, and adapt to the trend.
What tokens are supported on Polygon?
Currently only MATIC, the native token of Polygon, is supported.
Similar to how we launched on BSC with just BNB support, we will monitor the ecosystem and list important tokens accordingly.
There are also plans to bring Typhoon Community that we established on BSC over to Polygon as well.
What about the $TYPH token?
As some of you have noticed — this launch has been without token, and there is a good reason for that: We don’t want to rush things.
Deploying across multiple chains brings it’s own set of challenges with it:
- Do you mint a new token?
- How many new tokens do you mint?
- Would that devalue existing tokens on the other chains?
- How do you bridge existing tokens?
- How do you swap them back and forth effectively?
Typhoon still working on bringing the token into the Polygon world, but it still needs more time. What we can say though is that the existing TYPH token will not be devalued, and any solution that we will implement will involve bringing the existing token over.
As for now, features that cost TYPH such as Easy Deposit will be free of charge on Polygon until the token has been bridged. Take that as a little launch goodie! 🙂
SOURCE: https://typhoonnetwork.medium.com/typhoon-launches-on-polygon-c365d3b0ca55
