What is TCY (TCY)
What is TCY (TCY)
Start learning about what is TCY through guides, tokenomics, trading information, and more.
TCY (TCY) Basic Introduction
ThorChain is a decentralized liquidity network with an interoperable blockchain that allows cross-chain token swaps in a non-custodial manner. It does not peg or wrap assets, but simply allows users to swap tokens across various Layer 1 blockchains. So, traders on ThorChain can seamlessly move from Bitcoin to Ethereum, to Polkadot and etc. without having to register for an exchange or go through KYC, like on CEXs. Hence, users are minimally exposed to custody and counterparty risks
TCY is a token to compensate users for the closure of the Lending and Savers programs. Affected users can claim TCY equal to their debt at the time of the halt. TCY stakers receive 10% of THORChain's total income.
TCY (TCY) Profile
TCY (TCY) Tokenomics
Tokenomics describes the economic model of TCY (TCY), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
TCY TokenomicsPro Tip: Understanding TCY's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
TCY (TCY) Price Prediction
Building on tokenomics and past performance, price predictions for TCY aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of TCY? Check it out now!
TCY Price PredictionDisclaimer
The information on this page regarding TCY (TCY) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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