Typhoon Network: The Best Way to Send Private Transactions

Typhoon Network is a privacy-centric platform that enables individuals to send private transactions between 2 wallets using the TYPH tokens. 

The need for a secure platform that delivers private and anonymous transactions increases as technology advances. Typhoon Network (TYPH) is one such platform that provides deposit and withdrawal services with complete privacy and anonymity. It is a smart contract running on the Binance Smart Chain (BSC) and polygon and is securing its position as one of the most trusted applications.     

What is Typhoon Network (TYPH)?

Typhoon Network is an intelligent contract streaming on the BSC and Polygon. The platform is emerging as one of the most trusted apps for sending and receiving private and anonymous transactions.

The platform makes transactions between two crypto wallets easy and efficient, and zero-knowledge cryptography (zkSNARK) is used. The technology assists in transferring sensitive information without actually revealing that information.  

The network is used to deposit or withdraw digital assets and holds a native token, TYPH. The token allows holders to unlock the potential of the respective platform. Additionally, the network supports BNB, CAKE, and BUSD tokens.       

How Does it Work?

The network is designed to make the depositing, withdrawing, and digital asset transfer process much more efficient. It relies on distributing the deposited assets across all the available Typhoone Smart contracts. 

The user generates A random secret when depositing money, and a part of the secret (hash) is submitted to the smart contracts. It automatically splits the large deposit into smaller amounts and distributes them in different agreements. Once done, the user receives a text file that includes all the details or notes that have been generated. 

Furthermore, the platform works with 26 technologies, including Euro, Apple Mobile Web Clips Icon, and LetsEncrypt. 

Services Offered 

As the platform intends to deliver private and anonymous transactions between 2 wallets, it offers two primary services: deposit and withdrawal. To avail of the services, one should connect its wallet to the platform. Remember, the platform supports Metamask Wallet, WalletConnect, Binance Chain Wallet, and Trust Wallet.  

While depositing money, the user needs to deposit funds into one of the vaults, which is 0.1, 1, 10, or 50, or they can directly enter the amount. Other than that, the user needs to select the token type.

Once done, the user receives a text note that works as a public key and helps others obtain the money. It is essential to share the note with the receiver. Anyone having the note can withdraw cash, so be careful while sharing the note.     

One needs to hit the withdrawal button in the action section to avail of the withdrawal service. The receiver must enter details like a note, recipient address, and relayer.

The note is what a receiver gets from the sender’s end, and the recipient’s address is the address to which the withdrawal will be made. Relayer enhances security but charges a minimal fee of over 1%. 

The next thing to do is to hit the withdrawal button to initiate the withdrawal. The user will receive a confirmation message if he has opted for Relayer and transaction confirmation in the wallet if he did not choose the Relayer option. 

Relayer is an approach that delivers an extra step of anonymity when withdrawing an amount. 

Staking on Typhoon Network

Apart from withdrawing and depositing amounts, users can also stake tokens to generate passive income. Currently, the platform offers two staking pools, LaunchPool and BNB-LP ApeLP. 

LaunchPool is a limited pool that stakes and returns the TYPH token locked around 3,819,049.92 tokens and charges over 0.5% fee on withdrawal. 

BNB-LP ApeLP, on the other hand, allows individuals to stake the LP tokens and use ApeRocket to convert existing LPs. The pool has locked around 488.74 tokens.       

Tokenomics And Functions 

The native token of the network has a total supply of 20,000,000 and a circulating supply of 9,946,767. 40% of the total supply, around 8 Million, is allocated for projects and community and is used for rewards. 

30% of the tokens are reserved for initial liquidity and used for initial fund offerings and liquidity on AMMs and exchanges. The remaining 30% is used for project allocation, for which 4 million tokens are locked. 2 Million are available for the teams and investors.   

Furthermore, the token holds many use cases, including governance, fee claims, fee reductions, relayer participation, and other features. Token holders can vote on the services or any change and reduce the fees while interacting with the smart contract. 

The platform charges a transaction fee of 0.1%, which can be paid using the tokens. It also unlocks powerful features like automating deposits/withdrawals and automatically splitting considerable amounts across pools.  

Conclusion

Typhoon Network, one of the most trusted applications for sending anonymous and private transactions, is expanding its roots in the crypto world. The platform made token deposit and withdrawal much more accessible, efficient, and safer. It supports different tokens, including TYPH, BNB, CAKE, and BUSD, and operates with four types of wallets: Metamask Wallet, WalletConnect, Binance Chain Wallet, and Trust Wallet.    

FAQs 

What is the transaction fee for the Typhoon network?

The network charges a transaction fee of 0.1% on withdrawal, and an additional 1% is charged for adding a relayer for top-notch security. 

What is the circulating supply of TYPH?

The circulating supply of the token is 9,946,767, and the total supply is 20 Million.   

Why is the Typhoon network used?

The network is used to deposit and withdraw tokens between 2 wallets in a secure way. 

Which wallets are supported by the network?

The network supports Metamask Wallet, WalletConnect, Binance Chain Wallet, and Trust Wallet.