Tomb update: TOMB Live price, price chart, news and markets

The TOMB price update as of now is $0. In the previous 24 hours, its trading volume was $0, and its value has increased by %. As of now, TOMB's live market cap is $0, and it is ranked as the #27264 on the Coincu. TOMB has a circulating supply of 309,173,216 and a maximum supply of 309,173,216.

What is Project Tomb Finance? Project Tomb Finance is an innovative Algorithmic Stablecoin developed on the Fantom ecosystem. Its main purpose is to be pegged to the price of 1 FTM Token through seigniorage. Understanding the Seignorage Model: Algorithmic Stablecoins use the Seigniorage Model, which involves multiple tokens, usually 2 or 3. The first token is pegged to a specific price, often $1, while the other tokens adjust the supply based on the price changes of the first token. Exploring Algorithmic Stablecoins: Algorithmic stablecoins aim to maintain a stable price level, usually $1, through elastic supply and demand mechanisms. TOMB Token, for example, is pegged to the price of 1 FTM coin. Its supply adjustment mechanism ensures that the TOMB price aligns with the FTM Token price. There are three types of algorithmic stablecoins: The Single-Token Model The Single-Token Model operates with only one token, following a simple mechanism. The Multi-Token Model The Multi-Token Model is similar to the Single-Token Model but involves up to 3 tokens. These tokens include the stablecoin, share tokens for shareholders, and bond tokens representing protocol debt. The Hybrid Model The Hybrid Model consists of a single stablecoin. When the rebase is positive, the total supply increases and is distributed to participants. If the rebase is negative, debt is issued at a discount to incentivize stablecoin holders to purchase the debt. Based on these definitions, Tomb Finance adopts the Multi-Token Model, utilizing up to 3 tokens: - Tomb (TOMB Token) - Tomb Shares (TSHARE Token) - Tomb Bonds (TBOND Token) What Sets Tomb Finance Apart? TOMB Token - A Medium of Exchange The TOMB Token is fixed at the price of 1 FTM Token and actively maintains that value. It is not collateralized by 1 FTM coin like stablecoins such as USDT. TOMB Token has various use cases: - Participation in FTMPad, the first launchpad of the Fantom system. - Replacement of FTM as a medium of exchange within the ecosystem. The TSHARE and TBOND tokens play crucial roles in maintaining the price of TOMB close to that of FTM. TSHARE Token - Measuring TOMB's Value The TSHARE Token measures the value of the TOMB Token and offers additional functionalities: - Staking in Masonry to acquire TOMB. During supply expansion, TOMB tokens are minted and distributed proportionally to TSHARE Holders who have staked TSHARE in Masonry. - TSHARE Holders have voting rights and can contribute suggestions for system improvements within the ecosystem. TBOND Token - Driving Price Changes The TBOND Token contributes to changes in the TOMB price and offers the following functionalities: - Issuance of TBOND when TOMB's TWAP falls below the price of 1 FTM. Users can purchase TBOND with TOMB at the current price. - Exchange of TOMB for TBOND to burn TOMB tokens, reducing the supply in the market and helping the TOMB price return to 1 FTM. In the future, when the TOMB price increases, TBOND can be converted back to TOMB, providing a small reward from the system. This leads to inflation, increasing the supply of TOMB in the market and pushing its price back to 1 FTM. Pit The Pit serves as a mechanism to maintain the stability of the TOMB price relative to the FTM price. When the TOMB price is lower than 1 FTM price, users can purchase TBOND and redeem it when the TOMB price exceeds 1 FTM. If the TOMB's TWAP falls between 1.00 and 1.01, no TBOND or TOMB will be issued.