As the cryptocurrency realm continues to evolve, innovative mechanisms aiming to maintain token stability are gaining prominence. Enter TOMB Shares (TSHARE), a crucial component of the Tomb Finance ecosystem on the Fantom Opera Network. TOMB Shares not only serve as a measure of the protocol's value but also as a testament to shareholder confidence in keeping TOMB close to its peg. With each epoch expansion, new TOMB tokens are minted and proportionally distributed to TSHARE holders who have committed their tokens by staking in the Masonry (boardroom). This structure not only rewards participants but also empowers them through voting rights on governance proposals, shaping the future of the Tomb Finance ecosystem. Dive in to explore the intricate workings and potential of TOMB Shares.

What Are TOMB Shares (TSHARE)?

TOMB Shares (TSHARE) are integral to the Tomb Finance ecosystem, serving as a governance and utility token. They are designed to measure the value of the TOMB Protocol and reflect shareholder trust in its ability to maintain TOMB close to its peg with FTM (Fantom's native token). During epoch expansions, the protocol mints TOMB and distributes it proportionally to all TSHARE holders who have staked their tokens in the Masonry.

Key Features of TOMB Shares

1. Staking Rewards: TSHARE holders can stake their tokens in the Masonry to earn TOMB tokens. This incentivizes long-term participation and commitment to the ecosystem.
2. Governance: TSHARE holders have voting rights on proposals to improve the protocol and determine future use cases within the Tomb Finance ecosystem.
3. Ecosystem Participation: TSHARE holders can access various products within the Tomb Finance ecosystem, such as Cemetery, Masonry, Pit, and SBS, each offering unique functionalities and benefits.

Tokenomics and Distribution Model

Understanding the tokenomics and distribution model of TOMB Shares is crucial for grasping their role within the Tomb Finance ecosystem.

Total Supply and Circulating Supply

• Total Supply: The total supply of TOMB Shares is capped at 70,000 TSHARE.
• Circulating Supply: As of the latest data, the circulating supply of TOMB Shares is 39,127 TSHARE.

Allocation and Distribution

The allocation and distribution model of TOMB Shares is designed to incentivize liquidity providers and promote community involvement:

1. DAO Allocation: 5,500 TSHARE are allocated for the Decentralized Autonomous Organization (DAO) and vested linearly over 12 months.
2. Team Allocation: 5,000 TSHARE are allocated for the team and vested linearly over 12 months.
3. Community Allocation: 59,500 TSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months.

Inflation Control Mechanisms

To maintain the stability of the TOMB token and control inflation, Tomb Finance employs several mechanisms:

1. Token Burning: During contraction phases, when the TWAP (Time Weighted Average Price) of 1 TOMB is less than 1 FTM, Tomb Bonds (TBOND) can be redeemed for TOMB at a discount. This process burns TOMB tokens, reducing their supply and creating deflation.
2. Staking Rewards: TSHARE holders can stake their tokens in the Masonry to earn TOMB tokens, which helps to maintain the stability of the TOMB token.

Market Data and Performance

Understanding the market performance of TOMB Shares provides insights into their value and potential within the Tomb Finance ecosystem.

Current Market Statistics

• Current Price: $74.9864
• Market Cap: $0.00
• 24h Price Change: -8.20%
• 7d Price Change: 12.94%
• 30d Price Change: 33.77%
• 24h High: $82.4931
• 24h Low: $74.9863
• All-Time High: $21,848.9664 (2022-01-12)
• All-Time Low: $20.8005 (2023-07-26)
• Total Supply: 65,585.00

Use Cases and Utility

TOMB Shares offer several use cases and utilities within the Tomb Finance ecosystem, making them a versatile and valuable asset for users.

Staking

Users can stake TSHARE in the Masonry to receive TOMB tokens after each epoch duration, which is currently 6 hours. The staked TSHARE is locked for 6 epochs, while the reward can only be claimed after at least 3 epoch durations since deposit.

Governance Participation

TSHARE holders can participate in the governance of the Tomb Finance ecosystem, influencing decisions and contributing to the development of the platform. This includes voting on proposals to improve the protocol and future use cases.

Diversification

TOMB Shares help users diversify their holdings with newer assets, maintaining a balanced portfolio and reducing risk. This is particularly beneficial for users looking to mitigate the volatility often associated with cryptocurrency investments.

Trading and Holding

TSHARE can be traded on decentralized exchanges, allowing users to benefit from price fluctuations and potential capital gains. This makes TSHARE an attractive option for traders and investors alike.

Access to Ecosystem Products

TOMB Shares provide access to various products within the Tomb Finance ecosystem, such as Cemetery, Masonry, Pit, and SBS, each with its unique functionality and benefits. For example, in Cemetery, users can stake LP (Liquidity Providers) tokens to earn TSHARE, while in Pit, users can purchase TBOND if the price of TOMB is below 1 FTM, or redeem when the price of TOMB is above 1 FTM.

The Team Behind TOMB Shares

While specific details about the team behind TOMB Shares are not publicly available, the Tomb Finance project is known for its innovative approach and strong community presence. The team has developed a sophisticated system that adjusts the price of the TOMB token to stay close to the peg target, leveraging smart contracts written in Solidity and utilizing OpenZeppelin contracts.

Community and Institutional Support

The Tomb Protocol has a significant community presence and has received institutional ratings, indicating that it has been evaluated by reputable sources in the industry. This community and institutional support is a testament to the project's credibility and potential for growth.

Conclusion

TOMB Shares (TSHARE) play a pivotal role in the Tomb Finance ecosystem, offering a range of utilities and benefits to users. From staking rewards and governance participation to diversification and trading opportunities, TSHARE provides a comprehensive solution for users looking to engage with the Tomb Finance ecosystem. With a well-structured tokenomics model and robust inflation control mechanisms, TOMB Shares are poised to maintain their value and stability, making them a valuable asset for both short-term traders and long-term investors.

As the Tomb Finance ecosystem continues to evolve, TOMB Shares will undoubtedly remain a cornerstone of its success, driving innovation and fostering community engagement. Whether you are a seasoned investor or a newcomer to the world of cryptocurrency, TOMB Shares offer