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What is TAROT coin and how does it work?

by Financial Economy

Tarot cryptocurrency is a digital or virtual currency that uses blockchain technology. It is based on the Ethereum platform and uses the ERC20 token standard. The Tarot cryptocurrency was created in 2017 by a team of developers who wanted to create a more secure and transparent way to conduct transactions. Information about some topics that what is TAROT coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can check out here for informaiton about Chainge (CHNG) coin.

What is TAROT coin and how does it work?

Tarot Protocol is a Phantom-based decentralized lending protocol that allows users to initiate lending and borrowing transactions in isolated lending pools. The platform consists of smart contracts that run unsupervised and permissionless markets to achieve 100% decentralized lending and leveraged yield farming.

It also wants to follow the success of some of the most progressive DeFi platforms in the crypto space, such as Uniswap, Aave, and Impermax. Tarot’s core and periphery contracts are forked from Impermax’s system and deployed to the Phantom network, and these contracts are permissionless, non-upgradeable and require only minimal governance.

Tarot token features!

The TAROT Token is the platform’s governance token, allowing its holders to participate in decisions that can directly affect the distribution of protocol fees, fee rates, interest rate model, and other critical areas. It has a maximum supply of 100 million coins, and apart from its governance benefit, TAROT has no value outside of the Tarot Protocol.

Which exchange is TAROT coin on?

Tarot coin is listed on some cryptocurrency exchanges such as BKEX, etc.

How to buy TAROT coins?

Tarot coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

TAROT coin supply!

Total and maximum supply of Tarot coin is 100.000.000 TAROT.

TAROT coin price!

As of August 12, 2022, at the time of the writing, 1 Tarot coin price is around $0,1004 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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