## What Is TOM Finance (TOM)?

TOM Finance is automated market making (AMM) decentralized exchange (DEX) that is built on the Ethereum blockchain with the purpose of enhancing liquidity for ERC-20 gold stable coins on decentralized exchanges

TOM is the native utility token that is used for:

* Governance of the platform through staking and voting
* Earning 0.05% of trading fees earned on the TOM protocol


## How Many TOM Coins Are There in Circulation?

TOM Finance launched on November 11, 2020 with 25,000 tokens created at genesis. All of the tokens will be distributed in the initial liquidity mining period to bootstrap liquidity of the token. In phase 2, an additional 25,000 tokens will be created to bootstrap liquidity of the AMM platform. 100% of all tokens will be distributed fairly through liquidity mining.

### Who Are the Founders of TOM Finance?

TOM Finance is launched by the same team that create The Midas Touch Gold (TMTG) token which is a platform that provides users with the option of owning digital gold backed by real physical gold that is custodied with their partners.

The team started TOM Finance to enable greater liquidity for ERC-20 gold stable coins.

TOM Finance

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