Tokemak

Halal Rating :
Comfortable
Contract: 0x2e9d63788249371f1DFC918a52f8d799F4a38C94
Last Price $0.24 Last updated:
Rank 805
1D Change -3.04 %
Market Cap $19.86m
Circulating supply 81,850,708
Maximum supply 100,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem
  • DeFi 2.0
  • Protocol-Owned Liquidity
  • Spartan Group

Purpose and Utility

Tokemak is a decentralized liquidity protocol designed to generate sustainable DeFi liquidity. The TOKE token serves as the protocol's governance token and is used for liquidity direction and protocol operations.

Business Model

The protocol aims to solve DeFi's liquidity fragmentation problem by creating efficient liquidity deployment mechanisms. TOKE holders can vote on liquidity deployment strategies and earn rewards for participating in the protocol's governance.

Platform Usage and Development

Tokemak has established partnerships with various DeFi protocols and maintains active development. The protocol has processed significant liquidity volumes, demonstrating real utility in DeFi infrastructure.

Technical Architecture

The protocol operates through 'reactors' that aggregate liquidity and direct it efficiently across DeFi venues. TOKE token holders can participate in governance decisions regarding liquidity deployment strategies.

Token Distribution and Governance

The token distribution includes allocations for team members, early investors, and the community. There are vesting schedules in place for team and investor allocations, showing commitment to long-term development.

Rating Justification

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