The utility-focused cryptocurrency TORG pursues a platform independent direction for global reach
DUBAI, United Arab Emirates--(BUSINESS WIRE)--#CoinPayments--TORG today announced a cross-chain bridge to Polygon – formerly Matic, an Ethereum scaling full-stack solution bringing mass adoption to the Ethereum platform. Initially launched on the Ethereum (ERC20) platform, TORG has become a multichain cryptocurrency, allowing its users to benefit from the many features of the Polygon chain.
Polygon is an Ethereum compatible platform for cryptocurrencies offering improved throughput, user experience and scaling of transactions. This allows faster transactions and lower costs for users. Polygon is a second layer solution built on the Ethereum base and allows for two-way bridging with the latter. This means users can transfer their crypto assets from Ethereum to Polygon and vice versa. The bridging guidelines can be accessed easily through various online resources including Polygon’s own website.
With the Polygon addition, users are now able to hold TORG conveniently on either chain, while taking advantage of the faster speeds and lower costs associated with Polygon. Users would also be able to easily view transactions and other TORG holders using the smart contract address: 0xe9993763e0b7f7d915a62a5f22a6e151f91d98a8
Going multi-chain is the latest step for the utilimeme to achieve strategic mass adoption. It follows on the heels of earlier steps, including listing on multiple centralized crypto exchanges and integrating with a leading global payment system. TORG’s emphasis on mass adoption is based on the premise that it cannot create a transformative impact on global economics and human development until very large populations across the world adopt the utility-focused cryptocurrency for virtually all kinds of needs. This can only happen if, firstly, people find it convenient and cost-effective to send, receive and hold TORG and secondly, they are able to pay with it in a wide range of settings. While TORG is addressing the latter with the addition of payment mechanisms, such as CoinPayments, it is delivering convenience and cost effectiveness through the multi-chain arrangement with Polygon.
The Company sees the addition to Polygon as a significant development in line with the TORG vision for extending its utility focus on a global scale. It believes that its overarching mission of putting advanced financial technology in the service of mankind can only be achieved by following a multi-platform approach. The addition to Polygon further unlocks TORG’s potential beyond a single platform to offer its users greater choice and convenience. While the Company expects these factors to contribute to further adoption of TORG, more work is needed to bring it closer to its vision. The Company will continue to evaluate and embrace more opportunities in the future.
For more information and updates, visit www.torg.to or follow TORG on CoinMarketCap, Twitter (@TorgTogether), Telegram Channel (@TORGTogether), Telegram Group (@TORG_Together), and Medium (torgto.medium.com).
About TORG FOUNDATION
The TORG FOUNDATION aims to create long-term sustainability of TORG for its users by investing in the infrastructure for expanding utilimeme’s global reach, relevance and use cases. It views sustainability from the perspective of both the developed and the developing worlds with the aim of helping TORG become a globally acceptable cryptocurrency.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Polygon's scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
Disclaimer: The information available on this article is for educational purposes only and not an offer, solicitation of an offer, or advice to buy or sell securities, investment or tax advice. Purchasing cryptocurrencies and cross-chains swaps come with a number of risks. All Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made here. The data and non-TORG names are for informational and identification purposes only. TORG is not being offered or distributed to any resident of or any person located or domiciled where such offering/distribution is prohibited, restricted, or unauthorized in any form or manner whether in full or in part under the laws, regulatory requirements, or rules in such jurisdiction.
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