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Tomb Search ⌃K Tomb Search ⌃K Home FAQ Translations Tomb Validator Node Protocol Tokens Platform Bonds Mechanism DAO Fund Contracts & Wallets DAO TXs Helpful Guides How to add FTM Chain to your Metamask wallet Connect to Tomb with Edge Wallet Moving from BSC to FTM Moving from ETH to FTM How to wrap Fantom How to buy Tomb Provide TOMB/TSHARE LP SOCIAL Telegram Twitter Gitbook Discord Contact us Email Powered By GitBook HOME Welcome to Tomb.finance, home to the first algorithmic token pegged to $FTM on the Fantom Opera network. THE BIG PICTURE The $TOMB algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Opera network. The protocol's underlying mechanism dynamically adjusts $TOMB's supply, pushing its price up or down relative to the price of $FTM. Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), Tomb.finance is a multi-token protocol which consists of the following three tokens: -Tomb ($TOMB). -Tomb Shares ($TSHARE) -Tomb Bonds ($TBOND). WHAT DIFFERENTIATES $TOMB FROM OTHER ALGORITHMIC TOKENS? Unlike previous algorithmic tokens, $TOMB is not pegged to a stable coin— it is instead pegged to $FTM. Why is this? Tomb.Finance believes in the potential of Fantom Opera, and has chosen to align its mission to both provide value to and derive value from $FTM's future growth. In addition to existing and future use cases such as FTMPad, $TOMB aims to become the main medium of exchange on Fantom Opera: this will be achieved by providing a mirrored, liquid asset to $FTM. One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the Tomb team will maintain a focus on innovation around enhanced functionality and use cases. Next FAQ Last modified 1yr ago Was this page helpful? Copy link On this page The Big Picture What differentiates $TOMB from other algorithmic tokens? Cookies This site uses cookies to deliver its service and to analyse traffic. By browsing this site, you accept the cookie policy. Reject all Tomb Search ⌃K Home FAQ Translations Tomb Validator Node Protocol Tokens Platform Bonds Mechanism DAO Fund Contracts & Wallets DAO TXs Helpful Guides How to add FTM Chain to your Metamask wallet Connect to Tomb with Edge Wallet Moving from BSC to FTM Moving from ETH to FTM How to wrap Fantom How to buy Tomb Provide TOMB/TSHARE LP SOCIAL Telegram Twitter Gitbook Discord Contact us Email Powered By GitBook