ElasticSwap (TIC)

-0.17 %
Total market value details of ElasticSwap (TIC) circulating supply
Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

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24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

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Fully Diluted Valuation
The market cap if the max supply was in circulation.
Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

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Total Supply
The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.
Max Supply
The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.
If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.
# Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
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Coin Info

ElasticSwap is a new multi-chain AMM focused on supporting elastic supply tokens like $AMPL. We use a variation on the Uniswap invariant formula x*y=k, placing ""extra"" tokens obtained during rebases to the side until new liquidity is added to a specific pool. Lack of an AMM has been one of the missing pieces to the puzzle in the ability to successfully launch and provide liquidity for an elastic supply token. Ampleforth, the first elastic supply token, has been trying different solutions with mixed success since they launched and we think ElasticSwap is the first AMM of its kind, that will allow for a more vibrant development ecosystem around elastic tokens. $TIC is the native governance token for ElasticSwap. It has no hard cap to its supply, ownership rights to the underlying DAO vault, or guaranteed value of any kind. The ElasticSwap team is a big fan of the fair launch approach taken by Alchemix with their $ALCX token. In designing the launch and release schedule, we've taken heavy influence from their team. We believe that the majority of the tokens should go to people who contribute to the protocol, specifically, the team who builds it, former ElasticDAO members who have chosen to support ElasticSwap, and liquidity providers who seed the markets. The ElasticSwap protocol and AMM interface will be launching on Avalanche on May 11th, 2022. We believe that the low gas fees and Avalanche's generally supportive environment towards innovative projects will result in a faster early growth cycle. We will be looking to bridge $TIC and launch the platform on Ethereum Mainnet and other EVM chains shortly after our initial launch. The protocol has passed an audit contest with Code4rena and all of the relevant links and addtional information about the community can be found at https://docs.elasticswap.org/resources. Please note that despite the 5,000,000 max supply, the token is inflationary and can have a larger supply over time. We expect total emissions to be less than 5,000,000 within the first 6 years of the project.