Tokens can be traded on TomoDEX
This article introduces all tokens (excluding ETH / BTC / USDT / TOMO) that can be traded on TomoDEX as of October 9, 2020. Make sure to scroll through to the end.
YFI is a native token of the Ethereum DeFi platform: Yearn.finance. It was launched in July in a decentralized setting by developer Andre Cronje.
Yearn.finance aims to simplify DeFi investments and activities such as yield farming for the broader investor sector.
Its native token YFI has a fixed supply of 30,000 coins. There is no pre-mine at launch July 2020, and the developers don’t get any start funds: the total supply at launch is 0 YFI.
Since then, much of the capped supply has gone into circulation, and the token’s success is reflected at its all-time high price of $ 41,000, which it reached mid-September. 2020. YFI is also the first cryptocurrency to become more valuable than Bitcoin (BTC) per unit.
All-time High: $43,873.82 USD (Sep 12, 2020)
All-time Low: $739.44 USD (Jul 21, 2020)
VNDC is a stable coin that is fixed 1: 1 with Vietnamese Dong (VND). It claims to be backed by sufficient cash and equivalent assets.
VNDC aims to be a portal allowing users to convert their fiat money to stable coin (and vice versa).
All-Time High: $0.000375 USD (Nov 08, 2019)
All-Time Low: $0.000014 USD (Nov 07, 2019)
FTX Token (FTT)
FTX Token (FTT) is the FTX utility token that makes up the FTX ecosystem. It aims to offer a neat and automated platform for users to leverage tokens.
All-Time High: $4.51 USD (Sep 01, 2020)
All Time Low: $0.831290 USD (Sep 07, 2019)
Decentr is a publicly accessible, open-source blockchain protocol that targets the consumer crypto loan market, protects your data, and returns the value of it to the users.
All-Time High: $0.264438 USD (Aug 31, 2020)
All Time Low: $0.043910 USD (Jul 15, 2020)
Besides the FTT token, FTX Trading LTD has also started building a DEX project called Serum on the Solana Blockchain. Project Serum describes itself as a functional decentralized exchange with trustless cross-chain trading, at the speed and price that its customers want. Although live natively on Solana, it will be Ethereum-compatible.
All-Time High: $3.78 USD (Sep 01, 2020)
All Time Low: $0.110006 USD (Aug 11, 2020)
DXdao describes it as a decentralized community that develops, manages, and develops DeFi protocols and products. Initial members were incubated over a month-long process where over $ 20 million in ETH and other tokens were staked, and over 400 addresses received Reputation. They have been working on DeFi infrastructures such as Mesa.eth, Gnosis protocol, and Omen.eth, prediction market platform. DXdao is also involved in Mix.eth development, managing DMMs, and maintaining the DutchX trading protocol.
All-Time High: $508.97 USD (Sep 02, 2020)
All Time Low: $37.16 USD (Jun 15, 2020)
mStable consolidates stablecoins, lending and swapping into one standard. MStable assets are liquid stocks that also function as stablecoins in their own right.
All-Time High: $11.05 USD (Aug 31, 2020)
All Time Low: $2.23 USD (Sep 24, 2020)
Introduced on February 20, 2020 by a team based in the Netherlands, the hybrid aims to provide a solution of transferring value between ledgers. The hybrix protocol allows one token to be present on all ledgers. Technically, it has no borders and is not limited to any decentralized blockchain, DAG, or another digital ledger.
All-Time High: $1.65 USD (Sep 18, 2020)
All Time Low: $0.823016 USD (Sep 30, 2020)
Frontier is a chain-agnostic DeFi aggregation layer. With its applications, users can participate in protocol tracking and management, staking, asset swapping, providing liquidity, CDP creation & monitoring, and more. In short, Frontiers’ core mission is to bring essential parts of DeFi to users on whatever platform they prefer.
All-Time High: $0.862106 USD (Sep 19, 2020)
All Time Low: $0.280436 USD (Oct 02, 2020)
DeFiPie integrates Lending-as-a-Service (LaaS), Liquidity Pool-as-a-Service (LPaaS), and Staking-as-a-Service (SaaS) into one platform. DeFiPie aims to create a financial system that is open to everyone and minimize the need to rely on central authorities.
All-Time High: $1.17 USD (Aug 11, 2020)
All Time Low: $0.045473 USD (Oct 02, 2020)
Paparazzi is an image-centric blockchain-based platform to provide a seamless process for capturing, sharing, and transacting graphical memory.
All-Time High: $0.190799 USD (Aug 25, 2020)
All Time Low: $0.022482 USD (Sep 30, 2020)
Triip is a blockchain-based travel platform that enables direct interaction between service providers and customers. Using its own token, TriipMiles or TIIM, Triip is a network that enables more transparent, more secure, and lower cost transactions between travelers and those who serve them. $TIIM – natively born on TomoChain, is now available on TomoDEX for spot trading under TIIM/TOMO pair.
All-Time High: $0.003409 USD (Sep 01, 2020)
All Time Low: $0.001739 USD (Sep 22, 2020)
Lua Token (LUA)
LUA tokens will be given to the Liquidity Provider (LP) to encourage them to continue with the protocol. Holding LUA tokens means holding a share in the governance of the protocol. All LUA token holders can decide which chains next to implement LuaSwap, how much LUA to distribute to the LPs in the new chain, which new token projects LuaSwap will support, and more.
How to make a transaction with these tokens?
Each token can be traded on TomoDEX by wrapping it using Tomo Bridge into TRC21. Conversely, to return the wrapped token back to the original token, you can also unwrap it with TomoBridge.
Please refer to the following article: How to use TomoChain Bridge?