tomi Liquidity and Legitimacy
Everyone in crypto knows what a pump-and-dump scheme is: rapid purchase of a coin to pump up its price with the immediate selling of the coin once the price is inflated. You don’t even have to be in crypto to have heard of this kind of scamp: pump-and-dump is the main reason that non-crypto people accuse crypto of being one big scam. But just like every technology, blockchain can be used positively, neutrally, and in negative ways–the main question is how to differentiate positive from negative when it comes to new coins on the market.
About liquidity
A big factor is liquidity. You’ve heard of those sh*tcoins that pump 10000% on day one and then drop 99% the next day… that’s because there is no real project and no real liquidity in the market. When it comes to a real project, you already know that tomi has you covered, with the upcoming release of our tomiNet system, and the obvious market need for a censorship-resistant world wide web. But what about liquidity?
First of all, let’s take a step back and ask: what is cryptocurrency liquidity? Liquidity in any asset is the ability for someone with the asset to easily convert the asset into cash. In cryptocurrencies, liquidity is the ability to convert a coin into another coin or cash.
Liquidity Providers (LPs) provide liquidity in the crypto markets in one of two ways. First of all, on a centralized exchange, there are market makers who put up capital to back the project. Together with the exchanges and the users trading the tokens, the market makers ensure that investors are protected from pump-and-dump scenarios. For Decentralized exchanges, projects put up their own Liquidity Pools which earn yields for the liquidity providers. Anyone can create their own liquidity pool, or invest their funds in an existing liquidity pool. These decentralized liquidity pools allow people to exchange tokens on decentralized exchanges such as Uniswap.
Of course, having a real project with token utility provides the long-term viability of the coin, but for day-to-day transactions, it’s important to have liquidity in the market.
The tomi liquidity pools
have established a strategic partnership with some of the top crypto exchanges in the industry to provide robust liquidity for tomi projects. These partnerships have been announced in a specific order, with Gate.io being the first, followed by MEXC, Huobi, Phemex, and most recently, Bitget.
Gate.io, one of the earliest supporters of tomi, has been instrumental in providing a liquid market for the tomi token, while MEXC, a reputable exchange with a strong presence in Asia, has helped to expand tomi’s reach to new audiences. Huobi, a global exchange with a focus on innovation, has also joined forces with tomi, providing a reliable and secure platform for tomi holders worldwide.
Huobi’s partnership with tomi demonstrates its recognition of the value and potential of the tomi project. With a wide range of trading products and a reputation for reliability and security, Huobi is an ideal partner to support tomi’s growing liquidity requirements.
Phemex, a rapidly growing platform with advanced trading features, has also recognized the value of the tomi project and has been actively supporting tomi’s liquidity needs. Finally, Bitget, a leading trading operator, has recently partnered with tomi, providing competitive pricing and high trading volume to further support tomi’s liquidity provision.
By partnering with these top-tier exchanges in a specific order, tomi has solidified its position as a valuable and reputable project in the crypto industry, with increasing support from key players in the market. Whether you are a long-term holder or an active trader, tomi’s liquidity pools offer unparalleled access to the future of the web. Join us now to experience the power of tomi.
