Tomb (TOMB)

From CryptoWiki

Revision as of 09:01, 23 January 2022 by 5imp5on (talk | contribs) (1 revision imported)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

"Was it an exploit, or on-chain tax evasion? The “attacker” set up a website so that others could join in. The root of the problem was a method of circumventing the protocol’s Gatekeeper fee system, which aims to keep the price of $TOMB pegged to $FTM. Given these exorbitant fees, an enterprising user found a way to avoid the tax, and even set up a UI for avoiding the Gatekeeper at notomb.tax. Faced with such a public tax-evasion strategy for their protocol, the Tomb team decided to deactivate the Gatekeeper, depriving themselves of the funds needed to stabilise the price. As word got out and the peg was lost, the protocol found itself buried alive with a plummeting token price and a social media FUD frenzy.

Also something mentioned in the voice chat was that Tomb has been using the DAO funds to prop up TOMB . The number spoken was "100s of 1000s" of DAO funds have been spent prior to keep TOMB on peg. Which sounds like the gatekeeper / exit tax wasn't even sufficient and yet again any algostable proves fruitless..."

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

How it works

Fees

Upgrades

Mining

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31