BlockBeats news: On December 8th, Tricolor, a privacy focused Layer1 protocol, announced that TC will be officially launched on December 9th, 2023. Tricolor is a large-scale on chain mechanism experiment that can sustainably provide funding for public goods, especially those that are frequently underproduced or underfunded.

If there were no research and development of encryption primitives, including zero knowledge proofs, tools, learning resources, and other contributions from communities funded by Zcash, Rust, ZKP, interchain, and public goods, Tricolor would not exist.

Tricolor will be officially launched for trading on December 9, 2023 at 20:00. Participants can submit Tricolor transactions through pancakeswap and AVE. Tricolor adopts a fully circulating token issuance method, which transfers all issued TCs to the bottom pool and locks the pool for three years. Among them, 1% of the transaction slip points are destroyed, 1% LP dividends are distributed, and 3% of the ecological operation wallet is used.