Buy Tomb
What is Tomb?
Tomb is a seigniorage algorithmic token developed on the Fantom Opera Network, specifically designed to be pegged to the price of the FTM (Fantom's native utility token). It is part of the Tomb Finance ecosystem, which also includes other tokens like TSHARE (Tomb Shares) and TBOND. The project aims to serve as a medium of exchange on Fantom Opera and to enhance DeFi use cases on this network.
How does Tomb work?
Tomb operates using a seigniorage algorithm to maintain its price close to the peg target of 1 FTM. The ecosystem utilises various components such as Cemetery, Masonry, and Pit, where users can stake LP tokens, TSHARE, and participate in TBOND interactions respectively. TSHARE tokens are used for governance and staking purposes, and TBOND tokens help in maintaining price stability, offering arbitrage opportunities when the token prices deviate from their pegged value.
What are the potential use cases for Tomb?
Tomb has several potential use cases, including:
- Serving as a medium of exchange within the Fantom Opera network.
- Providing liquidity for various DeFi applications.
- Enabling staking and governance activities through the TSHARE token.
- Acting as collateral for lending protocols.
- Facilitating access to Web3 decentralised applications (dApps), DeFi projects, gaming, and NFT marketplaces.
What is the history of Tomb?
Tomb Finance was launched in June 2021, with the vision to create an algorithmic stablecoin pegged to Fantom's FTM. It was quickly adopted as a major DeFi platform within the ecosystem, at one time becoming the sixth largest decentralised application (dApp) on Fantom. The platform introduced various components such as Cemetery, Masonry, and Pit, enhancing its user engagement through staking and yield farming opportunities. Despite its success, the protocol has faced challenges, including numerous forks and related controversies, which have occasionally impacted its total value locked (TVL) and market presence.
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Frequently Asked Questions (FAQs)
What is the current price of Tomb (TOMB)?
The Tomb price is $0.00627307 AUD, representing a -15.11% from the day prior.
Where is the best place to buy Tomb (TOMB) in Australia?
The best place to buy Tomb (TOMB) 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 Tomb (TOMB) 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 Tomb (TOMB)?
The trading volume of Tomb (TOMB) is $10.2K AUD in the last 24hrs, representing a -15.11% from the day prior.
How can I buy Tomb (TOMB)?
Tomb (TOMB) 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 Tomb (TOMB)?
The current market cap of Tomb (TOMB) is $1.8M AUD.
Can I convert Tomb (TOMB) to cash?
Yes - With Coinstash you can convert your Tomb (TOMB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tomb (TOMB) are there?
The current circulating supply of Tomb (TOMB) is 309.2M.
Is Coinstash a safe place to buy Tomb (TOMB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tomb (TOMB) 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.