Top TOKE Holders

    Q1. Identify the top holders of the TOKE token in January 2022, have they kept their position today?

    Introduction

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    TOKE Token and the Inner-Workings of the Tokemak Network

    Token Reactors and Pair Reactors: Token Reactors are essentially specialized token pools for user-provided assets on Tokemak. On Tokemak, liquidity providers deposit their assets into their desired Token Reactor, while liquidity directors allocate TOKE crypto assets to a specific Token Reactor to direct the liquidity of that asset to different DEXs (like SushiSwap, Ox, Balancer, Uniswap, and others) in order to earn a predetermined annualized percentage return (APR). This effectively allows users to vote on which DEX receives their liquidity with pools of capital that are deposited into different reactors.

    Pair Reactors are token pools composed of ether (ETH) – as well as USDC and other stablecoins – paired with TOKE. Let's say a liquidity provider selects the ETH/TOKE Pair Reactor. Once TOKE tokens are given to the liquidity provider, the depositor has the option of pairing their TOKE with other project-specific assets, such as sushi (SUSHI) or synthetix (SNX), within a Token Reactor. For example, if the TOKE/SUSHI Token Reactor is selected, they would then be able to choose which asset to pair with their SUSHI and which DEX (such as Uniswap) they want to send assets to so they can open an initial liquidity position with SUSHI and USDC.

    The Tokemak liquidity model differs from existing models in which protocols are forced to dilute their own token supply by giving tokens away so as to incentivize users to provide liquidity and use the platform. Instead, Tokemak users are able to vote on the creation of new Token Reactors, and the project has many Token Reactor candidates in its voting pipeline.

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    The chart you see shows that the number of toke tokens is generally on a strong uptrend. In the following, we want to go into the details of the chart. The second quarter has entered a very strong trend with a staggering growth of about 18%. As you can see, this trend is still going on.

    As you can see, the cryptocurrency market has been in a downward trend or bearish correction for the past several months, and Bitcoin has experienced a decline of about 70% from its highest price to date, and MarketCap has followed suit. Bitcoin has dropped significantly Token Toke is no exception to this rule and has experienced a very deep decline.

    Conclusion

    From the above data, we can conclude that due to the fact that we are in a completely bear market, the number of token holders we want is completely inversely related to the price, ie with the fall in price, the number of holders is increasing and none of its holders They do not intend to sell it

    Thanks for reading

    All data used are from Flipside Crypto.
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