Tokenomy (TEN) is a platform that has been developed to spearhead the creation and distribution of value using blockchain tokens. The platform is open-source to give both individuals and corporations the opportunity to create tokens, distribute and even exchange them on the same platform. It is what I may call the one stop shop for tokenization. Moreover, the team has created an ecosystem marketplace that allows the exchange of tokens after listing on Tokenomy exchange. The exchange, however, only allows crypto-to-crypto trading.
This platform is very flexible when it comes to tokenization. Anything that has value can be tokenized on Tokenomy blockchain including things like loyalty points, physical assets, content that is creative and even virtual goods. Tokenomy is creating a smart ecosystem for the tokenization of the economy and by so doing, they will achieve financial inclusion. Significantly, tokenization will help to connect many people to a global token network hence accelerating innovation.
The process of creating a token has been reduced to a few simple steps and the precise instructions provided on Tokenomy website. All tokens are hypoconnected on the network in order to create support for new tokens. The tokens can be exchanged using BTC, ETH and TEN, besides there is the provision of the crypto getaway as well as escrow services that ensure utmost security. Once the token is listed, it can be traded immediately with other tokens. Tokenomy has already partnered with Indodax, the largest exchange in Southeast Asia. Therefore, this has provided over a million members of the community as the direct market for the tokens.
Tokenomy Platform Launch
The team is in the middle of launching the Tokenomy (TEN) platform. The Beta version went live on June 3 and the community was encouraged to sign up and test the working of the system. The initial tokens that have already been listed on the exchange platform include BTC, ETH, OMG, TEN, Tron, VEN, BRD, and VERI. The community was asked to report any bugs and issues they encounter with the platform. The members from Indodax exchange have a way of using the Tokenomy exchange without creating new accounts. The users have been warned that the trading is live and therefore irreversible. The testing on the Beta version will continue for a whole month after which the platform will be launched officially.
Listing of Tokenomy (TEN) on CoinBene Exchange
CoinBene exchange-listed TEN as a tradable instrument on June 8. CoinBene is a cryptocurrency exchange that has grown to be recognized as one of the largest in Southeast Asia. It records over $40 million in trading volumes daily while it is a top 50 exchange on the global ranking. The platform is known for its secure user-friendly interface and has s listed many trading instruments. Tokenomy is now available for trading on CoinBene in TEN/BTC and TEN/ETH trading pairs. Both deposits, as well as withdraws, began on Friday 8.
At the time of writing, Tokenomy (TEN) is trading at $0.37 while it is up over 20% in the last 24 hours. It has a market capitalization of $46 million and a trading volume of about $13.7 million as per the data provided by CoinMarketCap. The total supply is 200,000,000 TEN but has only $125,000,000 coins in circulation.