TOR is a truly algorithmic stablecoin built on the Fantom Opera Chain. It has a dynamic supply that is determined by supply and demand which ensures it is always worth $1. TOR is a new ERC20 token that can only be minted when a user burns HEC. TOR can be exchanged for newly minted HEC (redeemed) using the HEC price oracle, implemented with Time Weighted Average Price (TWAP). Oracles are a fundamental component of any stablecoin’s base functionality. An oracle, in relation to blockchain technology, is a system built to feed data to smart contracts.

TOR is a truly algorithmic stablecoin built on the Fantom Opera Chain

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What is TOR (TOR)?