Thore Network, a leading player in the blockchain industry, has recently made an exciting announcement that is set to reshape the digital currency landscape. The relaunch of Thorecoin, now equipped with advanced AI capabilities, marks a significant milestone in the company’s quest to bridge the gap between blockchain technology and artificial intelligence. The integration of AI into Thorecoin 2.0 promises to bring unprecedented intelligence, enhanced security measures, and exceptional user experiences to the Thorecoin ecosystem.
Thore Network, driven by its unwavering belief in the transformative potential of technology, has embarked on a journey to unlock a realm of possibilities by infusing AI into the very fabric of Thorecoin. This move is expected to revolutionize the way digital currencies operate, paving the way for a future where the intersection of blockchain and AI becomes the new norm.
In an exclusive interview with Mr. ALOK Kumar, widely known as Nikstrade and the Founder of ThoreCoin, delved into his blockchain passion and the inspiration behind Thore, his brainchild. Mr. Kumar shared valuable insights about the journey of Thore Network and how it has evolved over time to become a pioneer in the field of blockchain and AI integration.
Mr. Alok, how did your journey to blockchain begin, and how did you carve out a niche for yourself as a Founder of Thore Project?
I have well over 17 years worth of experience in global equities trading, TA and FA. I am a first generation crypto investor or what some might call the OG. I got involved in the blockchain, cryptocurrency space around 2013. At that time Bitcoin was under $250. I started Mining in 2016, when Ethereum sat somewhere around $1. As mentioned, coming from a global equities trading background, the idea of Bitcoin being a new form of currency naturally piqued my interest like it has of so many people reading this. I am one of those cases that came for the money, but ultimately stayed for the technology. In all honesty, I am actually here for both sides.
What was the vision behind starting ThoreCOIN and when was it formed?
ThoreCOIN was started with the motive to end the problem of cryptocurrency. We all know that the words crypto and currency go together. But people are not focusing on the latter part which is Currency. Especially, in India, there is a huge problem of using cryptocurrency. So, I launched Thorecoin in Europe- Estonia & Germany. It was launched in Jan 2018 during the dreaded crypto bear market when most crypto assets dropped 90% from the peak of 2017 gradually. ThoreCoin is an EU project based in Estonia/Germany and founded by myself, who is originally from India. We are a proudly registered blockchain business with Crypto Valley in Switzerland. Our team is ultimately global and hailing from countries such as Germany, UK, Estonia and from Asian subcontinent as well as having associates in North America
The journey of Thorecoin gained traction in the first half of 2019, propelling it into the ranks of the top 100 coins. However, the subsequent arrival of the COVID-19 pandemic had a profound impact on the global financial market, causing a setback that lasted for approximately 2.5 years. The onset of the pandemic resulted in a period of heightened uncertainty, volatility, and market downturns. This challenging period disrupted the anticipated growth trajectory of Thorecoin as well. Consequently, the need for a fresh approach and a renewed version of Thorecoin emerged, leading to the concept of Thorecoin 2.0.
Let’s dig a little deeper into ThoreCoin itself. What makes ThoreCoin standout from the many other projects out there?
Simple answer: Without a doubt, what makes us standout is that there will only ever be 100,000 THR issued. The scarcity of that alone is what we have found intrigues most, and separates us from the rest.
Where do you see blockchain, crypto and the Crypto-Sphere as a whole in 3 to 5 years and where does ThoreCoin fit into the overall landscape in and around that time frame?
Like everyone, ThoreCoin is really excited about where the market is currently heading. We believe that over the course of the next 12 to 18 months we are going to see explosive growth right across the entire sector on both the blockchain and cryptocurrency side of things.
We are thrilled to announce the relaunch of Thorecoin, now equipped with advanced AI capabilities will revolutionize the digital currency landscape
What are the funding plans for ThoreCOIN?
We are completely bootstrapped as of now. However, looking forward, we are going to raise funding through stake sale. Exciting developments are now on the horizon for Thore Network as it recently received an official investment proposal in the seed round to fuel the growth of its ThoreCOIN platform. With the guidance of two private UK investors, this capital infusion will serve as the driving force behind Thorecoin’s ascent to unprecedented levels. We also received Invitation from Kuwait Funds & are going to collaborate with a Japanese gaming platform. We have received proposals from Indian investors too.
On what business model does your company work and your ways of operation?
Thorecoin is a technology-based company that builds products related to Web3.0, AI & blockchain. We are also trying to act as a crypto payment Fintech. Registration in the UK is under way. There will be an encrypted wallet where the users can store their crypto currency and use it for transactions without the involvement of a third-party. People can directly use/sell their ThoreCOIN as currency. We are also coming out with a new Payment system called #ThorePAY.
After Fundraising, our plan is to capture the entire Indian market and then focus outside of India. We plan to revolutionize the entire vision of ThoreCOIN and make crypto trading easier for people. We want to redefine and empower how cryptocurrency mining is done. With Thore, we aim to take our token economy to the next level by introducing a fully-AI Powered blockchain token that could incentivize both creators and users for their engagement on the platform.
Thorecoin continues to solidify its position as a formidable player in the industry. With its innovative approach, commitment to optimizing security, and a vision driven by AI technology, Thorecoin and the Thore Network are poised to make a significant impact on the evolving landscape of cryptocurrencies and decentralized finance.
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