Dear Community,

We are pleased to announce a strategic collaboration with Unstoppable Domain, a type of domain name that uses blockchain technology to handle registration. After the partnership, users can log into Torches directly with their Domain wallet and borrow or supply assets on KCC.

As a partner who also aims to lead people into the era of decentralised networks, Torches will work with Unstoppable Domain in the area of research to simplify crypto transactions and optimise digital identity ownership, decreasing the risk of human error in transactions and making cryptocurrencies more accessible to users. With Unstoppable Domain’s help, blockchain addresses are easy and flexible to create and can be composed of real names, nicknames, or even other strings. Unstoppable Domain’s innovative blockchain payment functionality may be further collaborated with Torches in the future to improve the utilisation and security of users’ assets.

Torches is the №1 lending protocol based on KCC, aiming to bring an interesting and easy-to-use way for the DeFi sector. Torches believes what Unstoppable Domain is trying to achieve is going to benefit the decentralization. Together with Unstoppable Domains, Torches Finance will make decentralization Finance benefiting more and more users.

What is Unstoppable Domain?

Unstoppable Domains are a type of domain name that uses blockchain technology to handle registration and many other features, aiming to be the bridge between web2.0 and web3.0 and further decentralize the web.

Rather than using domain name services (DNSs) like traditional websites, unstoppable domains use a blockchain-based solution called the crypto name service (CNS). It prioritizes ownership of one’s digital identity and simplifies crypto payments by decentralized websites and user-owned, blockchain-based domain names that replace cryptocurrency addresses with human-readable URLs.

If you want to know more info about Unstoppable Domain, please visit the official website.

Torches Finance Team

2022.09.01

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