The native token TYPH is up triple-digits BSC-based gain tokens in its 7 DAYS weekly gains.
Impressive 140% Gain
For the past seven days, the token has gained a whopping 140% for its holders, according to the BSCNews Tools.
The recent partnership with the popular AMM platform – ApeSwap – may have been the primary cause of the immense token gains over the past weeks and have even done 3% in the last 24hrs.
The partnership brought alongside with it, farming of the TYPH token, which at this time of this report currently gives 401% APR to stakers according to this Tweet via its official Twitter handle.
- Stake $TYPH – $BNB earn $BANANA
More farms may be opened for the privacy network token in the future on the ApeSwap platform. A glance through the list of farms available on the ApeSwap platform, TYPH is the biggest of them next to BMXX farm, providing more support for why the token has potentially rallied in the past week.
Re-Launch of New TYPH Pool
The team also launched a second BNB-TYPH LP staking pool using APE LPs. This caters to users who want to get TYPH tokens as rewards instead of BANANA. This is in addition to the initial LP rewards, allowing users to choose both TYPH and/or BANANA rewards.
Typhoon Network Updates
On June 2nd, the network announced over $1 million in transaction volume over a 7 day period indicating rapid network growth.
About Typhoon Network
As earlier reviewed in a two-part series by us HERE and HERE, Typhoon protocol brings about the privacy features notable of privacy protocols like Monero, Pivx, and Tornado Cash on Binance Smart Chain (BSC). Users with keen interests in keeping their identities anonymous will find this application helpful as traceability becomes relatively impossible within the protocol.
In simple terms, when an attempt is made to trace the transaction done through Typhoon Network, all they will see is the transaction between Typhoon contracts and not between users. This is made possible by zkSNARKS, consisting of complex cryptography famously utilized by Tornado Cash, which is discussed HERE. Through leveraging zkSNARKS and providing privacy services, the network’s global reach is becoming established. The new staking mechanism and the collaboration with ApeSwap is one of several other factors contributing to the growth of the token’s success.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.