Top Cryptocurrencies Ranked by Market Cap: Real-Time Update and Insights

All Cryptocurrencies Ranked by Market Cap
Tokemak
TOKE
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$0.5233
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-3.34%
Rank #1089 | Category
defi
altcoin
erc-20
Market Cap btn-info
$26,332,521
Fully Diluted Market Cap btn-info
$52,326,662
Volume btn-info
$106,773

Tokemak Price Chart Update [TOKE]

Tokemak Price Update Today

The TOKE price update as of now is $0.5233. In the previous 24 hours, its trading volume was $106,773, and its value has decreased by -3.34%. As of now, TOKE's live market cap is $26,332,521, and it is ranked as the #1089 on the Coincu. TOKE has a circulating supply of 100,000,000 and a maximum supply of 100,000,000.

About Tokemak

The Tokemak Project: A DeFi Liquidity Solution with Sustainability and Capital Efficiency

The Tokemak project is a distinctive financial initiative that seeks to establish sustainable and capital-efficient DeFi liquidity markets. Its primary goal is to serve as the main source of liquidity and distribute these assets across various platforms.

Understanding Tokemak's Functionality and Benefits

Tokemak attracts assets to its Reactors (similar to Pools) by offering attractive yields to users. In return, users are rewarded with TOKE tokens, which are the project's native tokens. The community's stake of TOKE tokens determines the flow of liquidity, similar to other governance systems.

The main characteristics of Tokemak include:

  • Users deposit assets and earn TOKE tokens as interest.
  • The value of TOKE tokens increases as the project has more assets under control.
  • Users deposit additional assets to acquire more TOKE tokens.
  • This process leads to higher liquidity, resulting in "deep liquidity" for end projects.

The Users and Roles of Tokemak

Tokemak accommodates various user types, including:

  • Liquidity Providers: Any user can deposit individual assets into the network, providing liquidity and earning interest.
  • DAO: The project's administration, responsible for directing the liquidity flow based on community votes.
  • Other Projects: Projects can utilize Tokemak to establish a Reactor tailored to their needs, serving as a marketing strategy and enhancing liquidity.
  • Market Makers: Market Makers can leverage Tokemak's liquidity to facilitate trading on exchanges.

Tokemak's Vision for the Future: The Singularity

While both liquidity providers and directors earn high yields from TOKE emissions, the trading fees generated need a purpose.

All revenue generated by the protocol accumulates in Tokemak's treasury pool called the "Protocol Controlled Assets." This pool utilizes the assets to provide liquidity on different protocols and protect liquidity providers from impermanent loss.

Over time, the aim is to grow the reserve of the Protocol Controlled Assets pool significantly. This will enable the protocol to tighten the TOKE monetary supply and distribute a portion of the revenue instead of TOKE tokens as rewards for liquidity providers.

In the future, Tokemak's DAO could vote to distribute the yield generated from the Protocol Controlled Assets treasury pool to TOKE holders. Alternatively, the yields could be used to burn and redeem TOKE tokens, creating deflationary pressure on the token. TOKE holders, as members of the Tokemak DAO, have a proportional claim on the treasury, providing indirect exposure to a diversified pool of revenue-generating assets.

This concept solidifies the notion of liquidity as infrastructure. Tokemak aspires to become the leading decentralized liquidity provider in the DeFi ecosystem, akin to how Amazon Web Services revolutionized data hosting for IT businesses. With its Liquidity-as-a-Service model, Tokemak aims to revolutionize blockchain liquidity for DeFi projects.

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Tokemak Markets
# Exchange Pair Price Volume Mkt Share Recommend
1 MEXC Global TOKE/USDT $0.5236 $58,102 54.48%
2 Uniswap v2 (Ethereum) TOKE/WETH $0.5250 $14,684 13.77%
3 Kraken TOKE/ZUSD $0.5296 $10,664 10%
4 Gate.io TOKE/USDT $0.5233 $2,837 2.66%
5 Gate.io TOKE/ETH $0.5141 $17 0.02%
6 LATOKEN TOKE/USDT $0.5197 $15,520 14.55%
7 CoinEx TOKE/USDT $0.5115 $4,816 4.52%
Smart Contract
Ethereum:
2e9d63...a38C94
Copy | Add to Fund
Cir. Supply
100,000,000

Max Supply
100,000,000