In this post we are going to see how you can buy Tomb without paying high commissions and in a simple and fast way. Currently, it is not listed in any or few exchanges, but you can get it through the DEFI spookyswap exchange. If you don’t know how, let’s see it here step by step.Â
If you want to know more in detail all the aspects of this cryptocurrency, later after seeing the step by step we are going to see what is Tomb so you can know more about this cryptocurrency before buying it and know what you invest your money in.Â
Where to buy Tomb
To buy Tomb, we are going to use Binance and the Metamask wallet, for me it is the best option, but you can also use other wallets if you don’t use metamask like trustwallet among other known wallets. Binance we are going to use it to buy FTM and USDT or the cryptocurrency you want, to exchange it for the Tomb token and get this cryptocurrency finally.
Also, we will need FTM to pay for the network commissions. You can create an account with binance just below if you don’t have one yet to follow the steps.Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you already have in your metamask Fantom wallet to pay for commissions, less than a dollar, you are simply going to have to go to spookyswap, and copy the Tomb contract in order to find the token. You can find this on Coingecko or coinmarketcap by searching for Tomb or you can copy the contract from the Fantom network just below:
0x6c021ae822bea943b2e66552bde1d2696a53fbb7
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in spookyswap. You can also add the token in metamask and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using spookyswap in a simpler way if you are new to the world of cryptocurrencies.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
Step by step
Let’s see in detail how you can buy Tomb. The first thing we are going to do is to log in Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds and be able to buy FTM. You can deposit funds with your credit card, to have the balance directly and without having to wait or bank transfer, although it will take a few days to be able to use it.Â
Once you have funds in your account, you must go to markets, and select your currency pair with respect to USDT (Tether), for example EUR/USDT. You will then be able to buy Fantom. Once you choose the pair, you have to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Fantom.Â
With the USDT purchased, you can go back to the main menu to see that you already have it in your account and the order has been executed. Go back to the market, and look for the FTM/USDT pair, and click on it.Â
Here, you will see again the same buy and sell panel, where you have to go to buy, to exchange your USDT for the amount of Fantom you want. Once you have chosen the amount, click on buy and you will have it.
You should always have a small amount of FTM in your metamask wallet to pay for commissions, less than 1$. With 10-15$ of FTM is enough for several transactions and not run out of FTM.
Once you have FTM, you must click on the cryptocurrency, and click on withdraw. Go to your metamask, and click on the address, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your FTM from Binance to Metmask. It is very important to indicate the Fantom network, and the amount you want to withdraw. The commission is $0.03. Confirm that the information is correct and confirm the transaction with the codes.Â
Open your metamask wallet, and if you have the Fantom network configured, the amount of FTM you have transferred should appear in a few minutes. If you don’t have the Fantom network configured, I recommend you look up how to configure the Fantom network in Metamask, so you can use it, without it, you won’t be able to buy Tomb. It is very simple and you will only have to copy the parameters it tells you.Â
With this done, we must go to spookyswap. Here in from, we indicate FTM and to, the token Tomb. If you look for it, you will not find it. In order to use it, you must copy the address of the contract and paste it. You can search for it in coingecko to see it, or you can copy it just below:
0x6c021ae822bea943b2e66552bde1d2696a53fbb7
With this, the Tomb token should appear in order to be able to exchange.
Before clicking on swap, you will have to go to the settings wheel, Slippage tolerance and make sure it is set to 0.50% to avoid swapping your cryptocurrencies with large price fluctuations. You can change it at the top right of the wheel.
If you have the slipping tolerance at 0.50%, just click on swap, confirm swap and confirm the transaction in your wallet. After a few seconds you will be able to see your Tombs in your wallet. Remember to add the token in metamask, copying the cryptocurrency contract to be able to see your Tomb in your wallet. You will be able to use Tomb to play and earn money.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
What is Tomb Finance?
The big picture
The $TOMB algorithmic token serves as the backbone of a rapidly growing ecosystem aimed at bringing liquidity and new use cases to the Opera network.
The underlying mechanism of the protocol dynamically adjusts the supply of $TOMB, driving its price up or down relative to the price of $FTM.
Inspired by the original Basis idea, as well as its predecessors (bDollar and soup), Tomb.finance is a multi-token protocol consisting of the following three tokens.
-Tomb ($TOMB).
-Tomb Shares ($TSHARE)
-Tomb tokens ($TBOND).
Unlike the previous algorithmic tokens, $TOMB is not linked to a stable coin, but to $FTM.
Why?
Tomb.Finance believes in the potential of Fantom Opera, and has decided to align its mission to provide value and derive value from the future growth of $FTM. In addition to existing and future use cases, such as FTMPad, $TOMB aims to become the primary medium of exchange on Fantom Opera: this will be achieved by providing a liquid and mirrored asset to $FTM.
One of the main shortcomings of previous algorithmic tokens has been the lack of use cases, leaving no good reason for anyone to want to use or hold them. To successfully maintain the token in the long term, the Tomb team will focus on innovation around improving functionality and use cases.
Why have a token tied to the $FTM price when you can use the $FTM itself?
Good question.
But before we dive into what $TOMB could mean for you as an investor, let’s break down the potential impact of $TOMB’s long-term success on the Fantom ecosystem as a whole.
In order for Fantom to continue to function as the fast, secure and profitable blockchain we all know and love, its validator nodes will continue to rely on your $FTM token remaining staked and locked.
 $FTM is distributed as a reward to validator nodes, which will continue to increase in number to sustain network growth, while the $FTM token itself has a fixed maximum supply. At the time of this writing, the wager requirement for a validator node requires $3,175,000 $FTM, and “if rewards remain at current levels (depending on governance decisions), it will take more than two years to distribute all rewards and reach a full circulation of the total supply… and all tokens together will never exceed the total cap of 3.175 million FTM.”
So if $FTM is intended to be “ideal for sending and receiving payments” as a decentralized alternative to stablecoins, what happens when there aren’t enough native Opera $FTM to go around?
If $TOMB manages to maintain parity, it will create a mirrored liquid asset that can move and trade without restriction, while benefiting from the price appreciation of the native $FTM token. Achieving parity and maintaining parity is crucial, and this will ultimately be what drives the value of $TOMB for investors. In the short term, this would mean attractive rates for liquidity providers in what would essentially be a stable pair.
So, once a liquid market is the norm, what happens next? What are some other reasons you would want to hold $TOMB?
$TOMB aims to become the primary utility token in the Fantom ecosystem, and the first step is its role in FTMpad, Fantom’s first incubator and launch pad. The selection, development and deployment of the next generation of Fantom DeFi projects will be decided by those who hold $TSHARE, the $TOMB governance token (affectionately called “the money printer” by gravediggers). Oh, and we’re just getting started.
“ELI5: I keep seeing that Tomb will solve Fantom Opera’s liquidity problems, but I don’t fully understand what that means or its implications.”
 You may have read that by linking to $FTM, $TOMB expects to become a highly liquid and mirrored asset. But what does this really mean?
 As an example, let’s say the dollar is the world’s primary medium of exchange. Everything is measured in terms of dollars, whether it’s your weekly salary, or the price of bread or a computer. And you need dollars to literally buy gas to go to the bakery, or the computer store.
But imagine if no one wanted to use their dollars, preferring instead to keep them under the mattress. Since the value of everything gravitates relative to the dollar, there would have to be something out there that was 1:1 “interchangeable” with the dollar, so that even if all the dollars in the world were stuffed under mattresses, people could still transact freely.
Knowing that anything they received could be exchanged for a dollar any time they wanted. That’s what $TOMB hopes to become for $FTM.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
