Frequently asked questions

Question 1

What is Torch?

Accepted Answer

Torch is categorized as a software wallet / hot wallet built specifically for the Zilliqa ecosystem. Torch gives users access to staking, token swaps, instant unstaking, and limit orders directly within the interface.

Question 2

Is Torch safe & legit?

Accepted Answer

Torch is non-custodial and closed source. No known security breaches, exploits, or scandals have been reported. Torch implements encryption, key storage, seed phrase recovery, and optional secret question mechanisms.

Question 3

Who created Torch?

Accepted Answer

Torch was developed by IgniteDAO, a blockchain-focused organization officially registered as Ignite Holding B.V. The team behind IgniteDAO is also recognized for contributing to the Zilliqa ecosystem and decentralized infrastructure development.

Question 4

Where is Torch's company based?

Accepted Answer

The company responsible for Torch, IgniteDAO, is headquartered in Amsterdam, the Netherlands.

Question 5

How does Torch work?

Accepted Answer

Torch functions as a smart contract wallet can be installed as a mobile application where users can create wallets, generate and store seed phrases locally, and manage transactions. Torch connects to the Zilliqa blockchain (Legacy + EVM) using RPC connections and allows users to stake, unstake, manage rewards, and execute orders within the app.

Question 6

When was Torch launched?

Accepted Answer

Torch was launched January 06, 2023.

Torch

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