What is TOKEMAK (TOKE)
In a nutshell, Tokemak provides a generalized liquidity aggregator for decentralized exchanges.
For the liquidity provider, Tokemak works as a single-sided yield platform where they can deposit reserve assets — for example, Ether (ETH), USD Coin (USDC) and Dai — as well as tokens for the projects using Tokemak. The Tokemak platform will then direct the liquidity into automated market maker pools and other market-making opportunities. Key to this concept are TOKE holders, who act as “liquidity directors,” expressing their preference on where the liquidity should be sent.
The primary need that Tokemak aims to solve is bootstrapping liquidity for new projects. In most cases, they must commit a significant amount of resources and effort to bolster liquidity for their token’s market, including yield farming incentives. Tokemak enables them to commit liquidity through a single-sided offering — for example, devoting a portion of their tokens to the Token reactor pools. Tokemak’s liquidity pool could then be directed to their token’s market automatically, though this depends on the wishes of the liquidity directors. TOKE holders may wish to incentivize certain pools over others, as the token grants fractional control over Tokemak reserves.
Public sales: Jul 27, 2021 – Aug 02, 2021
Total tokens for sale: 3,000,000 TOKEN
Raised: 4,000,000 USD
Token price in USD: 1 TOKE = 8 USD
Accepted currencies: ETH, USDC