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ThunderCore

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Discover ThunderCore's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ThunderCore?

ThunderCore (TT) is a high-performance blockchain platform and cryptocurrency launched in 2019. It aims to empower developers to create innovative mobile experiences and offers a secure and easy-to-use crypto wallet with full DApp browser capability. ThunderCore has a large current supply and is traded on various exchanges, making it a notable player in the cryptocurrency market.

How is ThunderCore used?

ThunderCore (TT) is the native cryptocurrency of the ThunderCore network. It serves several purposes within the ecosystem:

  1. Value Transfer: TT is used as a transfer of value within the network, facilitating transactions and interactions between users.

  2. Gas Fees: TT is used to pay for gas fees associated with transactions and smart contract executions on the platform, similar to how ETH is used on the Ethereum network.

  3. Staking: TT can be staked to generate passive income. Users can lock up TT in a wallet for various durations (7 days to 1 year) to earn rewards, which helps secure the network.

  1. Building and Monetizing dApps: TT is used to build and monetize decentralized applications (dApps) on the ThunderCore platform, providing a means for developers to create and profit from their applications.

Overall, TT plays a central role in the functioning and growth of the ThunderCore ecosystem, enabling various activities and incentivizing participation.

How do I store ThunderCore?

To store ThunderCore (TT) tokens, you can use the TT Wallet, which is a secure and easy-to-use crypto wallet with full DApp browser capability. Here's how to get started:

  1. Install TT Wallet: Download the TT Wallet from the App Store or Google Play Store and follow the installation instructions.

  2. Sign In: Open the app and sign in to the wallet via one of three methods: by scanning a QR code, using a mnemonic phrase, or entering a private key.

  3. Access Wallet Page: Click the Wallet tab to view your balance of ThunderCore (TT) or TT20 tokens and all the transactions you make.

  1. Send and Receive Tokens: You can send and receive TT tokens from this page by clicking the Send or Receive buttons and following the prompts.

  2. Manage Settings: You can also check announcements, change your wallet language, or set up a passcode on the Setting page.

Additionally, you can use MetaMask to store and manage your TT tokens, especially if you need to connect to the ThunderCore Mainnet for transfers.

How to buy ThunderCore?

To buy ThunderCore (TT) tokens, follow these steps:

  1. Create and Verify Your Account:

    • Sign up on a cryptocurrency exchange like Kriptomat, KuCoin, or Transak with your email address, phone number, and identity.
    • Verify your email, phone number, and identity to unlock the full potential of the platform.
  2. Add Funds:

    • Deposit funds using a bank transfer or credit/debit card. This will enable you to purchase TT and other cryptocurrencies.
  3. Buy ThunderCore:

  • Select ThunderCore from the list of cryptocurrencies.
  • Enter the amount you want to buy and preview the transaction.
  • Confirm your purchase to own ThunderCore tokens.

These exchanges provide a secure and easy way to buy ThunderCore tokens.

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History of ThunderCore

ThunderCore, a high-performance EVM-compatible blockchain, was founded in Silicon Valley in 2017 by Chris Wang and a team of top researchers and engineers. The native cryptocurrency of the platform is the ThunderToken (TT), which is used for various purposes such as building and monetizing decentralized applications (dApps), paying gas fees, and executing transactions on the ThunderCore blockchain.

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How ThunderCore works

ThunderCore (TT) is the native cryptocurrency of the ThunderCore blockchain, a high-performance smart contract platform designed to solve the blockchain trilemma of decentralization, scalability, and security. Here's how it works:

Consensus Mechanism

ThunderCore utilizes a Proof-of-Stake (PoS) consensus mechanism, which means that all TT tokens are premined and no new tokens can be mined. Instead, validators, known as committee node members, earn rewards through gas and transaction fees for participating in the consensus process.

Gas Fees

TT tokens are used to pay for gas fees on the ThunderCore network. These fees are significantly lower compared to other blockchains, making it an attractive option for developers and users.

Staking

Users can stake their TT tokens to earn rewards. The staking process involves locking up TT tokens in a wallet for a specified duration, which can range from 7 days to 1 year. The longer the lockup period, the higher the rewards.

DApps and Ecosystem

ThunderCore is EVM (Ethereum Virtual Machine) compatible, allowing for the direct migration of decentralized applications (DApps) from Ethereum. This compatibility makes it easy for developers to port their DApps to ThunderCore, which can be done in as little as five minutes. The platform supports a wide range of DApps, including DeFi applications, and users can earn TT tokens by interacting with these DApps.

Wallets and Storage

ThunderCore has its own wallet solution, TT Wallet, which allows users to store, manage, and earn TT tokens. The wallet also functions as a DApp portal, providing access to various DApps built on the ThunderCore blockchain.

Security and Scalability

ThunderCore's PoS consensus mechanism and the use of a "fast path" chain secured by a committee of stakeholders ensure high security and scalability. The platform is designed to achieve instant confirmations and high throughput while maintaining security even under attack.

Utility and Adoption

TT tokens serve as the foundation for all transactions on the ThunderCore blockchain. They can be used to pay gas fees, build and monetize DApps, and participate in the staking process. The token's utility is further enhanced by its adoption as a payment method for NFTs and other digital assets.

Overall, ThunderCore (TT) is a cryptocurrency designed to support a high-performance blockchain ecosystem with low fees, high scalability, and robust security.

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ThunderCore's strengths

ThunderCore (TT) has several strengths that contribute to its potential as a high-performance blockchain platform. Key among these are:

  1. Scalability: ThunderCore is designed to overcome the scalability "trilemma" by offering high throughput, fast confirmation times, and low costs. This makes it a viable solution for decentralized applications (dApps) and financial markets.

  2. Compatibility: ThunderCore is fully compatible with Ethereum, allowing developers to deploy ERC20 smart contracts and utilize familiar tools like Metamask and Truffle.

  3. Security: ThunderCore's consensus protocol, PaLa, ensures high security while maintaining scalability and decentralization.

  1. Low Gas Fees: The platform is known for its low gas fees, which cost less than a fraction of a cent. This makes it attractive for users and developers.

  2. Native Currency: TT serves as the foundation for all transactions on the blockchain, and its utility extends to paying gas fees, incentivizing staking, and being used as a payment method for NFTs on CaptureClub.

  3. Partnerships: ThunderCore has partnered with Huobi to launch a TT staking pool, which allows users to earn HPT and receive airdrops of other popular cryptocurrencies.

  1. Developer Support: The platform supports familiar programming languages like Solidity, making it easier for developers to create and deploy smart contracts.

These strengths position ThunderCore as a promising blockchain platform for decentralized applications and financial markets.

ThunderCore's risks

ThunderCore (TT), a high-performance blockchain platform, carries several financial risks that investors should be aware of. These risks include:

  1. Market Volatility: The price of TT can fluctuate significantly over short periods, leading to potential losses for investors. For instance, the price has changed by -6.19% over a 24-hour period, indicating the high volatility of the cryptocurrency.

  2. Risk Score: ThunderCore has received a moderate risk score, indicating that it is not entirely risk-free. This score is based on various factors, including market trends and the overall performance of the platform.

  3. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving and can impact the value of TT. Changes in regulations or laws could negatively affect the platform's performance and, consequently, the value of the token.

  1. Technical Risks: Technical issues, such as smart contract vulnerabilities or network congestion, can also pose risks to investors. These issues can lead to losses or even the theft of assets.

  2. Liquidity Risks: The liquidity of TT can also be a concern. If there is low liquidity, it may be difficult for investors to buy or sell the token quickly, leading to potential losses.

  3. Gambling Risks: ThunderCore has several gambling DApps, such as TTGuess, where users can participate in games of chance. These activities carry inherent risks of loss, and users should be cautious when engaging in such activities.

  1. Lending Risks: The Ram Protocol on ThunderCore allows for lending and borrowing of assets. However, this also carries risks, such as borrowers defaulting on loans, which can result in losses for lenders.

Investors should carefully consider these risks before making any investment decisions in ThunderCore (TT).

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Did ThunderCore raise funds?

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ThunderCore's ecosystem

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ThunderCore’s team

  • Chris Wang: Founder of ThunderCore, who oversaw the creation of TT Wallet and designed it to be a companion to developers everywhere.
  • Elaine Shi: Member of the ThunderCore team.
  • Rafael Pass: Member of the ThunderCore team.
  • Scott Tsai: Member of the ThunderCore team.
  • Lui Che: Member of the ThunderCore team.
  • Yiseul Cho: Member of the ThunderCore team.
  • Keshav Aggarwal: Cryptocurrency expert and part of the ThunderCore development team.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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