De-Fi Token TOM lists on HOTBIT and HOTBIT Global on Nov.17

강승환 기자 | 기사입력 2020/11/17 [14:35]

De-Fi Token TOM lists on HOTBIT and HOTBIT Global on Nov.17

강승환 기자 | 입력 : 2020/11/17 [14:35]


Hong Kong-based virtual asset (cryptocurrency) service provider TMTG Enterprise HK Limited announced the listing Touch of Midas (TOM) token, a De-Fi coin of The Midas Touch Gold (TMTG). TOM will be simultaneously listed on virtual asset exchange HOTBIT Global and HOTBIT Korea on Nov. 17. 


TOM is a De-Fi token of TMTG Foundation, and has been available for season1 mining since Nov. 11. In season 1, investors can earn LP coins from TMTG/LBXC pool on Uniswap. The LP coins are deposited on TOM Finance homepage to receive TOM token. A total of 25,000 TOM can be mined for sixty days. To mine TOM, investors need to place their TMTG and LBXC in a 1-to-1 ratio in TMTG/LBXC pool on Uniswap. 25,000 TOM token will be rewarded to the investors according to the daily custody amount. 


Recently TMTG Foundation has announced the staking program on cryptocurrency exchange COINZEUS and the blueprint for the TOM mining season 2. TMTG official said, “De-Fi is the hot topic of the cryptocurrency community. In TOM Finance season 2, we will launch our own De-Fi DEX to enable swaps and De-Fi services. Investors will receive rewards from various liquidity pools such as TMTG/TOM, LBXC/TOM, and many more.


TOM custody is a required to invest in TOM pairs in season 2. Also, the participants will be rewarded with governance token. Governance token holders will be able to vote on TOM FINANCE management and receive a fee for liquidity provision.”


TMTG official also added, “Beginning with the listing on HOTBIT Global and HOTBIT Korea, TOM will continue to list on other major exchanges to provide liquidity for TOM FINANCE. TOM Season 2 will focus on increasing the utility and value of TOM.”


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