Dex Trading Volume(24h)$215,484.24
What Is Tinyman Platform (TINY)?
Tinyman is a decentralized trading protocol, utilizing the fast and secure framework of the Algorand blockchain to create an open and safe marketplace for traders, liquidity providers, and developers. Tinyman, built by a team with experienced fintech backgrounds, is on a mission to realize the full potential of DeFi, or financial tools that run on blockchain and are inclusive, accessible, and profitable for users far and wide. With the community-focused, cheap, fast, and fully permissionless Tinyman protocol, users are able to trade any Algorand Standard Asset (or Algo) through liquidity pools using an Automated Market Maker (AMM) algorithm.
An example of an automated market maker (AMM), Tinyman launched in October 2021, and it has a growing audience and liquidity. Within Tinyman Platform, traders have access to liquidity provision and swapping on Algorand blockchain along with general and personal analytics tools for overseeing their accounts. Development at Tinyman continues to introduce additional features in the near future.
What makes Tinyman unique?
Tinyman has been able to overcome scalability and usability challenges -big hurdles for some emerging DeFi ecosystems- by leveraging the Algorand blockchain’s decentralized layer-1 solution, which utilizes a unique Pure Proof-of-Stake (PPoS) consensus mechanism. The PPoS protocol enables platforms like Tinyman to scale to millions of users while sustaining a high transaction rate without incurring significant cost to participants, and while remaining energy efficient and friendly to the planet.
Tinyman aims to keep Asset trading automated and completely open to everyone, especially including those that possess lesser funds encouraging a fair economy that is built upon the idea granting impartial and inclusive access.
Tinyman's smart contracts benefit from Algorand's distinctive cryptographic sortition mechanism to prevent front running attacks on the platform transactions. ( Front running is a common phenomena caused by bad actors in AMM platforms which results in normal traders getting worse exchange rates than anticipated, hence making the trades to be less profitable. )
Is there a TINY token?
TINY native governance token will be issued according to the timeline on the Tinyman’s roadmap. It will be created on the Algorand chain as ASA (Algorand Standart Asset). The functionalities will be revealed once it is issued:
Who Are the Founders of TINYMAN Protocol?
Tinyman Protocol is founded by Tinyman itself and its friends who are a team of product builders with a strong background in UX and UI designs and apps for fintechs, neobanks, trading platforms, and other companies for over ten years.
When Tinyman team worked with Algorand on developing wallet applications, they experienced the blockchain’s great benefits. Founders wished to empower decentralized stable economies where everyone can become a part. Therefore, Tinyman was founded by the ones that share these ideas and dream of relinquishing all control to the community for the development and decision making of alternative ecosystems in its maturity.
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