Singapore, July 15, 2022 – Torches Finance, the decentralized lending protocol, announces the official launch of TOP (Torches Point token) Mining. By participating in the “Supply & Borrow”, users will be able to obtain the TOP rewards, which can be exchanged for TOR (Torches token) with a certain coefficient before the TOR launching. Built on the KuCoin Community Chain (KCC), Torches grew to the top lending protocol with its total market size over $3 million. Starting from July 15 at 10:00 (UTC), Torches allows users to get TOP rewards for supplying or borrowing crypto assets available on the platform. In addition, Torches will open “Burning & Boosting Periods” from July 18 and users can boost the mining rate up to 900% by burning Torchlight ( the Genesis NFT collection of Torches Finance) within the specified time. Different rarities Torchlight have different Torches Point (TOP) mining boosting buffs. Currently, Torchlight can be traded on the MojitoSwap NFT Marketplace. With its rapid growth, Torches achieved one significant milestone after another. On July 8, Torches announced a strategic investment by KuCoin Ventures, the leading investment arm of global crypto exchange KuCoin. And then it developed a strategic partnership with KuCoin Wallet on July 9. Torches, the top lending protocol deeply incubated by KCC, will receive multiple resources from KCC, including products, market, liquidity support, etc,. As th...
