Thorus
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Frequently asked questions
Below you can find answers to most common questions about the Thorus protocol

What is the THO token?

THO, or Thorus Token, is the native and foundational token of Thorus protocol, which all of the protocol features will revolve around. THO will also have the right of governance for the entire platform and protocol and allow participation in all future utility integrations.

When was it launched?

The Thorus protocol (platform) launched on January 5th 2022. THO was launched listed on Thorus Swap at the same date.

What was the initial supply of THO ?

Initial taken supply was 10M, out of which ~7.8M were distributed to holders. Check more info on Emissions page.

What is the total supply of THO?

Total maximum supply of THO is 200M. This supply will be reached over 4 years with a non-linear emission schedule.

What are the contract addresses?

How to use and connect MetaMask to Avalanche?

Please refer to Getting started for more details on the topic

What is liquidity mining?

Liquidity mining, also known as yield farming, is the act of providing liquidity via cryptocurrencies to decentralized exchanges (DEXs). Since the primary goal of an exchange is to be liquid, DEXs seek to reward users willing to bring capital to their platform. This model will also be part of the platform but the protocol will be more focused on POL.

What is POL?

Different from traditional methods where liquidity providers can stop supplying liquidity at any time, the new platform’s working mechanics will create Protocol Owned Liquidity by tying LP tokens or single assets into the protocol’s Treasury in the form of bonds to maintain constant liquidity and maintaining and increase the backing price of our native token - THO.

Will auto compounding be available?

Auto compounding will be available only for single asset staking (THO). The Harvest function for this will triggered by users which will be incentivized by a bounty (0.05% of pending THO yields are used to reward the user who executes the compounding function).
Whenever a user successfully claims the bounty, he basically compounds yields for everyone that is staked in the single asset staking pool (THO).

What is an Automated Market Maker?

An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a bonding curve algorithm.

What is a governance token?

Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. Governance token holders can influence decisions concerning the project. Holders can propose or decide on new feature proposals or even change the governance system itself. THO will also be used as the Thorus protocol Governance token.

How will Governance work?

Thorus aims to become a 100% community driven platform and be run by Governance (THO holders) vote for any important decisions in the protocol.

What is a "backing price"?

This means that the Treasury will automatically create and support a minimum base price for THO through buybacks of the native token at a predetermined backing price, using funds from the bonding mechanic. If THO's price decreases to those levels Treasury will start buying THO. As the Treasury size increases, the backing price of THO increases also.