In this video, Aaluxxmyth tells us about the 4 different types of price indiscriminate buyback pressure that Thorchain's TCY token will have after it goes live on May 5th.
TCY is a new token being launched by Thorchain to repay affected ThorFi users who had their BTC & ETH stuck in the protocol. TCY will be claim dropped to ThorFi holders on an equal basis.
TCY introduces some interesting economic implications to Thorchain. TCY holders get 10% of all Thorchain's current and future revenue flows. With Billions of dollars flowing through Thorchain each year, this is a growing cash cow of an economic machine.
My personal opinion - not financial advice - is that TCY will increase signifcantly after it goes live on May 5th. The Launch Price is $0.10 and there are 4 ways that TCY gets autonomously bought back from the market by the Thorchain Protocol.
Watch the clip for more details on this!
https://leodex.io is a cross-chain trading interface for Thorchain, Maya Protocol and ChainFlip. At launch, we will support the TCY features introduced by Thorchain and have a dashboard where you can track your TCY purchases and the expected yield to be earned by the protocol. LeoDex's mission is to make DEX feel like CEX through innovative UX-driven development, powered by the LEO token.