What Is Tokemak (TOKE)?

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:

• The liquidity providers can deposit individual assets in the reactor to get TOKE.

• The liquidity providers can deposit TOKE into the reactors and decide on the liquidity process.

• The liquidity providers can earn rewards in the form of TOKE. 

• The token holders can also generate liquidity for any cryptocurrency, directing how liquidity works.

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.

History of Tokemak (TOKE)

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.