Tomb

What is Tomb?

Tomb (TOMB) stands as the pioneering algorithmic stablecoin on the Fantom Opera blockchain, an open-source and secure platform for constructing decentralized applications. Unlike conventional stablecoins, TOMB isn't tied to traditional currencies. Instead, it maintains a one-to-one peg with the FTM token, which serves as Fantom's native utility token. The Tomb protocol diligently endeavors to keep TOMB's price closely aligned with this peg.

In simpler terms, Tomb aims to play a central role in the rapidly evolving ecosystem that seeks to establish an advanced liquidity model tethered to the price of a well-established asset, specifically, FTM.

The ultimate goal of Tomb is to address all liquidity gaps within the network. As outlined in the whitepaper, the Tomb ecosystem operates with a protocol designed to continuously adapt the token's supply and price to that of the FTM token.

About The TOMB Token

TOMB serves as the primary token of Tomb Finance, and it is minted on the Fantom Opera blockchain. Holders of TOMB can enjoy several benefits. These advantages are attainable by maintaining a constant peg to FTM for mirroring purposes, which subsequently allows the token to be freely traded and transacted without significant constraints.

Additionally, the Tomb Finance ecosystem includes a multi-token protocol designed to support the platform's smooth operation:

• Tomb Shares ($TSHARE): This token serves as the governance token of the platform.
• Tomb Bonds ($TBOND): These unique tokens are used to help stabilize the price of TOMB around its peg (1 FTM) by reducing the circulating supply of TOMB.

In addition, the TOMB token offers incentives for holders through TOMB-FTM pairs, allowing them to earn TSHARE tokens by staking their TOMB-FTM liquidity providers in the Cemetery. This involves creating sections of Tomb Finance and using them for earning TOMB tokens through repeated staking. These dynamic features of TOMB aim to enhance the token and platform's attractiveness, ultimately contributing to the platform's goal of becoming the primary transaction medium on the Fantom Opera network.

Tomb Team Background

Ever since the inception of the Tomb Finance project, it has come under the stewardship of Quantum Fintech Group, a cryptocurrency hedge fund led by Harry Yeh. This shift in leadership has led to a reconfiguration of the project's anticipated timelines and objectives, ushering in a more far-reaching vision. Consequently, this transformation has bolstered the project's standing on the Fantom Opera blockchain, rendering it increasingly popular.

Harry Yeh earned his bachelor's degree in electrical engineering from the University of California, Berkeley, and later pursued a master's degree in business administration from the Stanford Graduate School of Business. Following a career spanning different technology and finance enterprises, Yeh established the venture capital firm Binary Financial in 2013.

Yeh is renowned for his proficiency in investing in nascent technology companies, playing a pivotal role in backing prosperous startups like Postmates, AppDirect, and Pluralsight. In addition to his investment endeavors, Yeh serves as a board member of the Angel Capital Association, an organization dedicated to promoting angel investing within the United States.

Tomb Partnerships

Tomb has 2 major partnerships, UAE Warriors and Lif3:

• Established in 2012, UAE Warriors has built a strong global reputation for its action-packed fights and top-quality production. It serves as a platform for local and international fighters to display their combat skills and entertain audiences worldwide. UAE Warriors has hosted 10 events across 5 nations and has 7 more planned for 2019.
• The Lif3 ecosystem comprises a range of DeFi products, catering to users of all backgrounds. They can engage in the Game of Lif3 and leverage various yield options and products to maximize the benefits offered by this platform.

Tomb Project Development

Tomb is excited to announce a major expansion of the LIF3 ecosystem, involving the introduction of the LIF3 Protocol and L3 Reserve into iGaming and the Music & Entertainment sectors. This development marks the beginning of significant growth, with the community playing a vital role in shaping the project's future. The project is actively pursuing exchange listings to meet growing demand, with market markers ready for action after the migration to ETH is finalized.

A new beta version of the Lif3 Wallet is currently being tested, featuring formatting adjustments and various UI/UX improvements. Additionally, the Layer Zero migration is nearly complete, allowing users to swap ETH for LIF3 on Ethereum. The same process will soon be available on other platforms, making it easier to purchase LIF3 in the DeFi space.

Tomb Price Analysis

As of December 25 2024 Tomb has a marketcap of $2.4M. This is {{percentagefromath}} from its all time high of $17.82. In terms of its tokenomics, there's a total supply of 309M with 100% currently outstanding. Keep in mind Tomb has a fully diluted value of $2.4M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.