DeFi Craze Skyrockets TOM Token 2,000% One Day After Listing
One DeFi token has stood out with its value soaring 2,000% just one day after its listing in such enthusiasm. It is the Touch of Midas (TOM) token from TMTG Enterprise HK Limited, a Hong Kong-based virtual asset (cryptocurrency) service provider.
TOM mining began on Nov. 11 on Uniswap, and the token was listed on Foblgate on Nov. 12 at 500,000KRW (0.97 ETH). Just one day after the listing, the strong buying has boosted the TOM price to 10M KRW (19.22 ETH), astonishing the community. The price has remained at 19 ETH for over one day, with a remarkable 2,000% increase.
TMTG Foundation official stated, “We have considered operating three pools – TMTG/LBXC, TMTG/TOM, and LBXC/TOM before launching. However, to prevent impermanent loss (IL) on the investors due to TOM volatility, we have decided to open TMTG/LBXC Pool only for price stabilization. We will add more pools in season 2.”
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