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TOMB, is part of a multi-token decentralised finance (DeFi) application known as Tomb Finance. Tomb Finance was developed with the aim of creating an ‘algorithmic token’ that is pegged to the value of FTM - the native coin of the Fantom blockchain. The multi-token protocol of Tomb Finance consists of: (1) TOMB - the algorithm stablecoin that is pegged to the price of FTM, (2) Tomb Shares, or TSHARE - the project’s governance token, and (3) Tomb Bonds, or TBOND - the token used to maintain TOMB’s peg to FTM.
According to Tomb Finance’s documentation, the stablecoin, TOMB, was developed to free up liquidity that would otherwise be associated with FTM. As the maximum supply of FTM is capped and a high number of FTM tokens will be required to create nodes within the Fantom Blockchain, this may lower the amount of FTM that can be used for cheap transactions. By mirroring the price of FTM, it is the intention of Tomb Finance that TOMB will fill that transactional gap. The decision to develop TOMB was also driven by Tomb Finance’s long term conviction that Fantom will continue to grow and prosper as the project continues to garner more and more mainstream traction. TOMB can also be used cross-chain to allow other chains to gain exposure to the Fantom Opera network without further decreasing the FTM in circulation. TOMB can be earned by staking or by owning TSHARE, which can be staked within the platform’s “Masonry” module to earn TOMB inflationary rewards.
Tomb (TOMB) is the 489th largest cryptocurrency in the world by market cap, valued at $38,867,575. The current price of Tomb is $0.1726578, which is -8.416% lower than yesterday. Prices have ranged between $0.188622 and $0.1627192 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 28, 2022 01:05 UTC.
| Coin symbol | TOMB |
|---|---|
| Coin Marketcap | AUD$38,867,575 |
| Total TOMB supply | 313,957,868 |
| Circulating TOMB | 313,957,868 |
| Current price | AUD$0.1726578 |
| All time high date | June 07, 2021 |
Historical prices compared with the price of $0.1726578.
| 1 hour | 3.77% |
|---|---|
| 24 hours | -8.42% |
| 7 days | -17.25% |
| 14 days | 8.61% |
| 30 days | -87.20% |
|---|---|
| 60 days | -91.36% |
| 200 days | -96.34% |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Tomb, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TOMB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Tomb or any other cryptocurrency discussed.
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