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Welcome to CoreTomb Finance, home to the first algorithmic token pegged to $CORE on the Core Chain Mainnet

The Big Picture

The $CTOMB algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Core Network.

The protocol's underlying mechanism dynamically adjusts $CTOMB's supply, pushing its price up or down relative to the price of $CORE.

Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), CoreTomb.Finance is a multi-token protocol which consists of the following three tokens: -CoreTomb ($CTOMB). -CoreTomb Shares ($CSHARE) -CoreTomb Bonds ($CBOND).

What differentiates $CTOMB from other algorithmic tokens?

Unlike previous algorithmic tokens, $CTOMB is not pegged to a stable coin— it is instead pegged to $CORE.

Why is this?

CoreTomb Finance believes in the potential of Core Chain, and has chosen to align its mission to both provide value to and derive value from $CORE's future growth. In addition to existing and future use cases such as IcecreamSwap, $CTOMB aims to become the main medium of exchange on Core Chain: this will be achieved by providing a mirrored, liquid asset to $CORE.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the CoreTomb team will maintain a focus on innovation around enhanced functionality and use cases.