# TORN

## Token <a href="#token" id="token"></a>

TORN is an ERC20-compatible token with a fixed supply that governs [Tornado.Cash](https://tornado.cash/). TORN holders can make proposals and vote to change the protocol via governance.**TORN is not a fundraising device or investment opportunity.Here’s how the initial distribution of TORN would break down:**

* **5% (500,000 TORN):** Airdrop to early users of [Tornado.Cash](https://tornado.cash/) ETH pools
* **10% (1,000,000 TORN):** Anonymity mining for [Tornado.Cash](https://tornado.cash/) ETH pools, distributed linearly over 1 year
* **55% (5,500,000 TORN):** DAO treasury, will be unlocked linearly over 5 years with 3 month cliff
* **30% (3,000,000 TORN):** Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff



<figure><img src="https://web.archive.org/web/20220617060943im_/https://1653446256-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXflGk4w5pDjjlmPCuF-1972196547%2Fuploads%2Fgit-blob-7de58389d8e9121a83513feab63a38244902a55b%2F1*BjggJu1rN4_QOXgcLJFNEQ.png?alt=media" alt=""><figcaption></figcaption></figure>

<figure><img src="https://web.archive.org/web/20220617060943im_/https://1653446256-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXflGk4w5pDjjlmPCuF-1972196547%2Fuploads%2Fgit-blob-93cd07beeeb3ec603fce1d2cda0dfe700ded0763%2F1*gmC0Jw8zr5xFvRK5zyQMyA.png?alt=media" alt=""><figcaption></figcaption></figure>

## Airdrop <a href="#f04d" id="f04d"></a>

Users who have believed in [Tornado.Cash](https://tornado.cash/) from early on should have a say in governing the protocol. For this reason, early adopters of the protocol did receive an airdrop of TORN.

TORN has been airdropped to [all addresses](https://github.com/tornadocash/airdrop/blob/master/airdrop.csv) that made deposits into [Tornado.Cash](https://tornado.cash/) ETH pools before block `11400000`. TORN were airdropped in the form of a non-transferable TORN voucher (vTORN) that can be redeemed 1:1 to TORN within 1 year, from December 18, 2020, to December 18, 2021. TORN that aren’t redeemed will be swept into the governance contract after 1 year and become part of the DAO Treasury. Redeemed TORN will be available immediately.

The airdropped amount depends on users’ deposit size and age — larger deposits and older deposits will receive more TORN. Multipliers for deposit size are logarithmic:

<figure><img src="https://web.archive.org/web/20220617060943im_/https://1653446256-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXflGk4w5pDjjlmPCuF-1972196547%2Fuploads%2Fgit-blob-3f5a349c1b8e82cc6dc888275e556dfb0e5b7e37%2F1*OgFrAd8p3GEZ14ZH4JnDiQ%402x.png?alt=media" alt=""><figcaption></figcaption></figure>

So a 100 ETH deposit get twice as many tokens as a 1 ETH deposit. The multiplier allows large and small users of [Tornado.Cash](https://tornado.cash/) to both have a say in governance.The exact curve for the time multiplier looks like this:

<figure><img src="https://web.archive.org/web/20220617060943im_/https://1653446256-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXflGk4w5pDjjlmPCuF-1972196547%2Fuploads%2Fgit-blob-3f16fbf976cecfbe4f4b509b974d8d21b108d92e%2F1*bjE88NLnkBe29-Zcs5AGkw%402x.png?alt=media" alt=""><figcaption></figcaption></figure>

The exact airdrop formula is the following:

<figure><img src="https://web.archive.org/web/20220617060943im_/https://1653446256-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MXflGk4w5pDjjlmPCuF-1972196547%2Fuploads%2Fgit-blob-9142ba0925432305806aa132dd754390e1498ced%2F1*mEGM4aMqrrKx0QXVa9IsKA%402x.png?alt=media" alt=""><figcaption></figcaption></figure>
