My name is Hari Seldon and I’m part of the Sherpa Cash project on Avalanche. Our team would really like to discuss a proposal we’d like to put forward to the Tornado community.
Firstly, we come in peace While I know we’re a fork, we really wanted to bootstrap privacy on Avalanche and this was the most logical way to do it.
However, we’re not here to just fork the hard work done by Tornado, but would rather want to be a project that engages and advances the science of zero knowledge.
There’s always a lot of debate about whether to launch a token when running projects like this. We had a lot of internal debates and there was a lot of support for not releasing a token. At the end of the day, we decided that with a token, it would allow us to create a more sustainable project that would be able to give back to the broader zk community.
As such we are looking at donating a percentage of the token to the Tornado community. Up to you, what you’d like to do with it. There’s some technical questions we’d need to answer. For example, we’re on Avalanche, so if you’d like your tokens to be on Ethereum, we’d need to bridge the tokens. Not a big deal, but we’d just like to understand what the preferences are.
Then, to the really exciting part. We won’t be taking a founders allocation. Instead the percentage of the token supply (15%) that was set aside for Founders will instead be donated to a Zero Knowledge DAO, that will be focusing on providing funding and support for projects and research institutions advancing the science of zero knowledge.
We have reached out to Poma and asked him if he’d like to be a member of this DAO and he has kindly agreed.
We are hoping this can be the start of an exciting journey into furthering the science of this important branch of cryptography.
Would love to hear everyone’s thoughts