The cryptocurrency community has been vocal following Tomarket’s recent token launch, where the $TOMA token did not meet many expectations regarding its price performance. In response, Tomarket has announced a series of measures to address the community’s frustrations and to stabilize the token’s market position. Here’s an in-depth look at their strategy:
Stabilizing the $TOMA Token Price
- Buyback Program: Tomarket is set to launch a Periodic Buyback Program next week. This initiative aims at absorbing some of the token supply from the market, which could help stabilize or increase the token’s price by reducing the available circulation.
- Extended Token Lock-Up: To further instill confidence in the project’s longevity, Tomarket will lock up 8% of its total token supply allocated to the team for another 24 months, ensuring no immediate sell-off by team members could negatively impact the price.
Expanding Market Presence
- Better Listings: Efforts are underway to list $TOMA on additional cryptocurrency exchanges. Expanding the token’s availability on platforms like Bitget, Gate, and MEXC will potentially increase liquidity and demand, aiding in price stabilization.
Enhancing Communication and Transparency
- Stronger Communication: Understanding the need for clearer dialogue, Tomarket is committed to improving transparency. This involves addressing community concerns more promptly and providing regular updates.
Acknowledging Exchange Support
Tomarket has also highlighted the role of exchanges in the token’s ecosystem, urging the community to appreciate the platforms that have supported $TOMA’s listing. They’ve clarified that these exchanges are not responsible for the token’s price, focusing instead on facilitating trading.
Moving Forward with Community Support
Tomarket’s full announcement, available on Medium, delves deeper into these strategies and outlines their vision for the future. The team invites everyone to read this detailed plan to understand their approach better.
Link to Full Announcement: Tomarket’s Plan Moving Forward
Conclusion
Tomarket’s response to the community’s dissatisfaction with the $TOMA token’s price on listing day is both immediate and forward-thinking. By focusing on price stabilization, expanding listings, and improving communication, Tomarket aims to rebuild trust and ensure the project’s growth. For those invested in or curious about $TOMA, these steps are critical in navigating the volatile crypto landscape.
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