Designed by the Tomb.finance team as the first algorithmic token pegged to FTM instead of a stablecoin, on OPERA Fantom. It works around a solution that can adjust the token supply to move the price of the token itself up or down, in the direction of a target price to bring programmability and stability to the price.
Inspired by Basis original idea, and its predecessors improvements (bDollar and soup), Tomb is a multi-token protocol that consists of the following tokens: Tomb (TOMB), Tomb Shares (TSHARE), and Tomb Bonds (TBOND).
What makes Tomb different from other algocoins?
First of all, it's not pegged to a stablecoin, but to FTM. Why? because we believe in the potential of the OPERA Fantom network, therefore we are trying to add more value to FTM token by following its price and adding additional use cases. Currently Tomb is in works with SpookySwap to create a launchpad using TOMB.
For information please check out the Tomb Series Why Tomb Finance?, FAQ, and How is a Token Price Determined.