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About Tokemak

Tokemak (TOKE) is a blockchain platform that aims to create sustainable liquidity for all DeFi applications. The goal of Tokemak is to generate a protocol for decentralized markets with the evolution and growth of Web3. Web3 or Web 3.0 is the third generation of internet services that plans to decentralize information on the internet. 

Tokemak aims to work as a decentralized platform that plans to change the way traditional liquidity markets operate. The platform aims to act as a guiding figure to the exchanges and aid in monitoring the liquidity flow for the traders. The aim of Tokemak is to use the platform to allow users to control the liquidity of assets in the market. TOKE is the native functionality token available on the ecosystem. The process starts with the Tokemak, which fetches the name from 'TOKAMAK', a nuclear-fusion reactor. The TOKAMAK reactors generate sustainable energy through plasma ionization. Each cryptocurrency has an individual reactor.

So, by using the platform’s version of the reactor, Tokemak aims to control the process of liquidity flow as given below:

Tokemak, in turn, aims to offer ownership and control opportunities to the TOKE holders. The primary aim for the token holders is to choose the way liquidity flows in a Defi setup. In the pre-liquidity phase, the token holders can earn TOKE as liquidity providers and directors. The platform also plans to release one billion TOKE with 30 percent as reward emissions. The platform focuses to reserve the rest for contributors, teams, investors, and reactor events. Tokemak also plans to engage new Defi projects by allotting a reactor through the process to generate liquidity. The platform aspires to become the primary place from where the liquidity of assets can flow across various networks.

According to the website, the idea and launch of the platform were in the first quarter of 2021. The idea was to introduce a novel and Defi primitive which can create sustainable liquidity. The reactors use Tokemechs or pilots who offer the community identity to the platform.

Market

Market stats

Market cap

$13.3M

Volume (24h)

$201,580.62

Circulating supply

16.3M TOKE

All time high

$75.99

Price change (1h)

+0.28%

Price change (24h)

-0.54%

Price change (7d)

-5.04%

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Coinbase Bytes

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Tokemak is on the decline this week.

The price of Tokemak has increased by 0.28% in the last hour and decreased by 0.54% in the past 24 hours. Tokemak’s price has also fallen by 5.04% in the past week. The current price is $0.82 per TOKE with a 24-hour trading volume of $201.58K. Currently, Tokemak is valued at 98.92% below its all time high of $75.99. This all-time high was the highest price paid for Tokemak since its launch.

The current circulating supply of Tokemak is 16,314,929 TOKE which means that Tokemak has as total market cap of 16,314,929.

FAQ

What is the current price of Tokemak?

We update our Tokemak to USD currency in real-time. Get the live price of Tokemak on Coinbase.

What is the market cap of Tokemak?

The current market cap of Tokemak is $13.34M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tokemak?

The all-time high of Tokemak is $75.99. This all-time high is highest price paid for Tokemak since it was launched.

What is the 24 hour trading volume of Tokemak?

Over the last 24 hours, the trading volume of Tokemak is $201.58K.

What other assets are similar to Tokemak?

Assets that have a similar market cap to Tokemak include Carrieverse, UNKJD, Ferrum Network, and many others. To see a full list, see our comparable market cap assets.

How many Tokemak are there?

The current circulating supply of Tokemak is 16 million.

Can I buy Tokemak on Coinbase?

Yes, Tokemak is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Tokemak guide.