Torah Network PriceVPInactive

What is Torah Network (VP)?

Torah Network (VP) is a cryptocurrency project launched in 2021 that operates on the Polygon blockchain. It functions as a multifaceted ecosystem that integrates blockchain technology into decentralized storage solutions, with a stated focus on sustainability, value transfer, and user participation incentives. According to the project's Medium description, Torah is a data storage platform that distributes energy transactions for a carbon neutral future. The project positions itself not merely as a decentralized storage solution but as a broader ecosystem designed to reward participation and facilitate value transfer through its native cryptocurrency. VP is an ERC20 token deployed on the Polygon platform, and the project's smart contract address is 0xf46cb10e8c5fb9368bbf497a3176b80c0af66d44. The token has a total supply of 90,000,000 VP and a self-reported circulating supply of 6,638,670 VP. The project is tagged under the Polygon Ecosystem and DEX Mode categories on CoinMarketCap.

Key Specifications & Tokenomics

• Name: Torah Network
• Ticker / Symbol: VP
• Blockchain / Platform: Polygon (POL)
• Token Standard: ERC20
• Smart Contract Address: 0xf46cb10e8c5fb9368bbf497a3176b80c0af66d44
• Decimal Places: 11
• Launch Date: Nov. 9, 2021
• Total Supply: 90,000,000 VP
• Max Supply: 90,000,000 VP
• Self-Reported Circulating Supply: 6,638,670 VP
• Vortex Protocol Total Circulation: 102,400,000
• Official Website: torah.ink
• Explorer: polygonscan.com
• CertiK Rating: 3.3
• Tags: Polygon Ecosystem, DEX Mode

Who created Torah Network?

Detailed public information about the founding team and individual creators of Torah Network is currently limited. The project was launched in 2021 and operates on the Polygon platform. According to project documentation, the Torah team issues the Vortex Protocol through the Foundation as the only official designated circulation pass of the Torah project. The project maintains an active presence on Medium at medium.com/@torahnetwork and provides updates through its official website at torah.ink. CoinMarketCap offers a Claim Community Badge and project update channel for the token's representatives to submit or update token information.

How does Torah Network work?

Torah Network operates as a decentralized storage platform built on the Polygon blockchain. The network utilizes the ERC20 token standard for its VP token, which serves as the carrier of Torah's ecological value transfer. The project issues the Vortex Protocol through the Foundation as the only official designated circulation pass of the Torah project. VP tokens circulate within the ecosystem and serve as proof of ownership for users participating in various network activities. The platform is designed to distribute energy transactions for a carbon neutral future, according to the project's Medium description. One of the key features that attract users to Torah Network is the opportunity to engage in staking, which allows cryptocurrency holders to earn passive income by supporting the network's operations. Tokens are available for acquisition through decentralized exchanges, as indicated by the DEX Mode tag. The project has received a CertiK rating of 3.3, which provides an independent assessment of the protocol's security posture.

What makes Torah Network unique and valuable?

Torah Network distinguishes itself through its multifaceted approach to integrating blockchain technology into decentralized storage solutions. The project emphasizes sustainability, value transfer, and user participation incentives as core pillars of its ecosystem. The network is described as not just a decentralized storage solution but an ecosystem designed to foster sustainability, reward participation, and facilitate value transfer through its unique cryptocurrency. The Vortex Protocol, issued through the Foundation, represents the only official designated circulation pass of the Torah project. VP tokens serve as proof of ownership across multiple roles including Torah low-carbon resource contribution incentive, equity participation of listed companies, new infrastructure contribution, and Torah pool storage contribution. The project's focus on carbon neutrality and energy distribution aligns with growing interest in environmentally conscious blockchain applications. The maximum supply of 90,000,000 VP tokens with no additional issuance policy provides scarcity characteristics. Additionally, PIF Finance provides an independent Sharia compliance analysis covering the protocol's mechanics, use cases, and halal status for VP.

What is Torah Network used for?

The VP token serves multiple functions within the Torah Network ecosystem. As the carrier of Torah's ecological value transfer, VP facilitates the circulation of the entire ecological value of the platform. The token serves as proof of ownership for users in several key areas. First, it represents participation in the Torah low-carbon resource contribution incentive, rewarding users who contribute to environmentally sustainable activities. Second, VP provides equity participation of listed companies within the ecosystem. Third, it serves as proof of ownership for new infrastructure contribution. Fourth, the token represents Torah pool storage contribution, allowing users to participate in the network's decentralized storage operations. Circulation between these roles means the entire ecology will develop in the direction of lower carbon and energy saving, more environmentally friendly and healthy, and more valuable potential according to project documentation. The token also enables staking, allowing holders to earn passive income by supporting network operations.

How Is the Torah Network ecosystem developing?

The Torah Network ecosystem is structured around the Vortex Protocol, which the Torah team issues through the Foundation as the only official designated circulation pass of the Torah project. The total number of global circulation cards, referred to as VP, is 102,400,000, with a policy against additional issuance. This fixed circulation model is designed to support long-term ecosystem stability. The project maintains community engagement through its Medium publication at medium.com/@torahnetwork and its official website at torah.ink. CoinMarketCap provides a community page for Torah Network with a holders section listing top holders, and offers a Claim Community Badge for the project. The project is tagged under the Polygon Ecosystem on CoinMarketCap, indicating its integration with the broader Polygon network. Trading availability includes decentralized exchanges, as indicated by the DEX Mode tag. The project has received independent analysis from PIF Finance regarding Sharia compliance, which may support adoption in specific markets. The ecosystem's development direction emphasizes lower carbon and energy saving, more environmentally friendly and healthy operations, and more valuable potential through the circulation of VP across its various roles.

How to mine Torah Network?

Torah Network does not utilize traditional mining mechanisms. Instead, the project offers staking as one of its key features that attract users. Staking allows cryptocurrency holders to earn passive income by supporting the network's operations, highlighting the project's commitment to creating value for its participants. VP tokens operate on the Polygon platform using the ERC20 token standard. The total supply of 90,000,000 VP is fixed with no additional issuance, meaning new tokens are not created through mining. The Vortex Protocol has a total circulation of 102,400,000 tokens with a policy against additional issuance. Users who wish to participate in the network's operations can acquire VP tokens through decentralized exchanges and then engage in staking activities. The staking process supports the network's operations while providing holders with the opportunity to earn passive income. This mechanism aligns with the project's focus on rewarding participation and facilitating value transfer within its ecosystem.

How to keep your Torah Network Coin safe?

Keeping VP tokens safe requires attention to wallet security and proper storage practices. Since VP is an ERC20 token on the Polygon network, it can be stored in wallets that support the Polygon blockchain and ERC20 standard. Users should consider using hardware wallets for long-term storage of significant holdings, as these provide an additional layer of security by keeping private keys offline. For more active trading or participation in staking, reputable software wallets that support Polygon may be appropriate. It is important to perform proper research and choose reputable platforms when acquiring or storing cryptocurrencies. When using decentralized exchanges, users should verify contract addresses carefully before executing transactions. The official Torah Network smart contract address is 0xf46cb10e8c5fb9368bbf497a3176b80c0af66d44, and users should confirm they are interacting with the correct contract. Storing cryptocurrencies securely in a wallet and maintaining control of private keys is advisable. Users should also be cautious of phishing attempts and only use official links provided through the project's website at torah.ink and verified social media channels. Regularly updating wallet software and enabling all available security features such as two-factor authentication where applicable can further protect holdings.