Buy Tokemak (TOKE)
What is Tokemak?
Tokemak is a decentralized liquidity providing and market making protocol. It aims to optimize liquidity across decentralized finance (DeFi) markets by autonomously managing and rebalancing liquidity positions through its platform.
How does Tokemak work?
Tokemak operates on the Ethereum blockchain, leveraging smart contracts and automated market maker (AMM) technology to manage liquidity pools and token reactors. The platform uses algorithms to rebalance liquidity provider (LP) positions across decentralized exchanges (DEXs) and allows liquidity directors to influence where liquidity is allocated through staking TOKE tokens.
What are the potential use cases for Tokemak?
Tokemak serves several purposes within the DeFi ecosystem, including:
- Liquidity Provision: It enables easier and more efficient liquidity management across multiple DEXs.
- Decentralized Market Making: Users can decide where their liquidity is allocated, which aids in market making.
- Tokenized Liquidity: Tokemak can direct liquidity to create yields for token holders and support other DeFi protocols.
- Cross-Chain Liquidity: The protocol is designed to work across different blockchain networks, extending its application beyond just Ethereum.
What is the history of Tokemak?
Tokemak was founded by Carson Cook and launched in 2021, aiming to address liquidity inefficiencies in DeFi through a decentralized market making platform. Since its launch, Tokemak has developed features like Token Reactors and Genesis Pools, allowing for single-asset deposits yielding rewards in the form of TOKE. The TOKE token also facilitates governance and revenue distribution among token holders.
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Frequently Asked Questions (FAQs)
What is the current price of Tokemak (TOKE)?
The Tokemak price is $1.1523 AUD, representing a -4.83% from the day prior.
Where is the best place to buy Tokemak (TOKE) in Australia?
The best place to buy Tokemak (TOKE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tokemak (TOKE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tokemak (TOKE)?
The trading volume of Tokemak (TOKE) is $221.3K AUD in the last 24hrs, representing a -4.83% from the day prior.
How can I buy Tokemak (TOKE)?
Tokemak (TOKE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tokemak (TOKE)?
The current market cap of Tokemak (TOKE) is $87.9M AUD.
Can I convert Tokemak (TOKE) to cash?
Yes - With Coinstash you can convert your Tokemak (TOKE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tokemak (TOKE) are there?
The current circulating supply of Tokemak (TOKE) is 79.3M.
Is Coinstash a safe place to buy Tokemak (TOKE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tokemak (TOKE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.