Tower is a permissionless, on-chain protocol, currently on Polygon. Development is underway to expand and be multi-chain to as many networks as possible. The protocol plans to maintain TWR’s price stability, in other words, the peg, by storing sufficient collateral in the time-locked smart contracts. This collateral is used for redemptions, thus helping to maintain price stability. The collateral consists of two tokens, USDC and CUBE. The USDC is deposited into the protocol when a user mints TWR token, while the CUBE token, which is used for minting is burned. When the user redeems TWR tokens, the protocol pays back USDC and mints the required amount of CUBE tokens.
Oops! Data Untracked.
Shoot us an email via research@tokeninsight.com if you have feedback for this token.
- Rank #N/A
- Market Cap
-
- 24H Spot Volume
- 24H Volume / Market Cap
-
- Circulating Supply
-
- Total Supply
-
- Max Supply
-
- Fully Diluted Valuation
-
- API ID tower-usd
- Project Start Date -
- Contracts & Explorer(s)
0xd60...2d455 - Websites Website
- Links
About TWR
The TWR token is a Fractional-Algorithmic Stablecoin, soft pegged to the U.S. Dollar on Polygon.
Expand
Related News
Wall Street back-office giant DTCC mulls stablecoin integration: report Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Circle secures in-principle approval to operate as money services provider in Abu Dhabi Mastercard moves to integrate stablecoins into global payments network Term Finance recovers $1 million of $1.6 million loss to oracle configuration errorLatest News
More 
2 Days Ago XRP Ledger adopts USDC one week after Circle goes public
5 Days Ago Foresight Ventures Report Shows a Pendulent Shift of Over 32,000 Global Merchants Accepting Crypto Payment
June 9 Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow
June 9 Sui DEX Cetus Protocol restarts platform after recovering from $223 million exploit
June 4 Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report
For questions & inquiries
info@tokeninsight.com
For research & editorial
research@tokeninsight.com
2018 – 2023 © TokenInsight Ltd. All rights reserved
Use TokenInsight App All Crypto Insights Are In Your Hands
Open