What is TORG?
While the introduction of new cryptocurrencies is not likely to ebb soon, that is not the driving force behind TORG.. Instead, it has been conceived as a sustainable and universal solution that takes the current generation of cryptocurrencies a step further in providing global utility. Human needs linked to currency are immense, as a store of value enabling utility based transactions in innumerable settings. TORG’s utility focus extends the notion of regular meme coins to an entirely new concept of employing a utility-driven value denominator: the utilimemes.
Whereas the use of memes has proven effective at driving rapid interest and adoption of cryptocurrencies, utilimemes make such adoption more scalable and sustainable by bringing in the additional emphasis on real utility. Typically a meme coin lasts only until another new meme comes along that captures people’s imaginations. However, a more sustainable impact is achieved by combining the power of memes with real utility based use cases. An example use case could be an expatriate who owns TORG and decides to channel his remittances home through it. These utilimemes would then be adopted and employed by a growing number of other and even new owners who find it a superior way of making remittances. Another use case could be of a TORG owner who decides to use it to transfer money to their children studying abroad, which would then enable utilimemes for people across the world to do the same. In this fashion, utilimemes would also drive rapid global acceptance of TORG.
TORG is driven by a clear sense of mission and a philosophy that connects technology to human liberation and empowerment. It aims to become a truly global and decentralized, yet trusted and futuristic, cryptocurrency.
TORG has been conceived at a higher level than just a technological solution. It has several components that combine to create a cryptocurrency ecosystem that addresses the various tradeoffs that have become the bane of current competitive offerings. In fact, TORG charters blue ocean waters to address the conflicting premises of regulation and decentralization, sustainability and independence, anonymity and security.
TORG’s uniqueness stems not from the individual features that are already present variously in the plethora of coins launched recently, but in the completeness of its conceptualization as a decentralized currency built on conscious balancing of the inherently conflicting, but still desirable, characteristics of decentralization, security, sustainability (managed volatility) and usability. Ostensibly, although the recent alt coin introductions have focused on aspects of decentralization and security, they have mostly ignored sustainability and usability, almost by design. They have, in fact, ended up feeding the market appetite for speculation by allowing even extreme volatility.
Sustainability and usability may even be linked. They require a very different approach, as well, as the focus shifts from speculation to sustainable institutionalization. This sustainability can only be achieved if the currency is made available rapidly for an ever growing range of everyday use cases. The most obvious and initial use cases may be linked to the need for effortless, efficient and instantaneous transfer of funds. However, the widest variety of everyday currency use cases are linked not as much to speed as to security, reliability and trust. This is an area where the traditional fiat currencies are most entrenched, and as TORG develops a growing number of use cases here, it will also start becoming a truly decentralized and sustainable crypto-currency that can become a game changer in driving economic change and human development.
The TORG FOUNDATION Grant Program's aim is towards the betterment of the Blockchain and Crypto Economy and carefully managing the resources while expanding utilities for the TORG for the ecosystem. It links with the Mission and the TORG value proposition to create opportunities for human development and betterment, with a special focus on youth and the marginalized populations of the world, including the poor, the unbanked and the economically constrained. The Foundation and the Grant Program aim to explore, expand and pursue a growing set of opportunities to link the TORG to this concept of global utility.
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About TORG
TORG-World’s first sustainable, completely decentralized and utility focused cryptocurrency, aimed at global human development. To learn more about TORG, please visit their website, follow their Twitter and join their Telegram.
