ThetaCash - TBILL the rebasing Metaverse Liquidity Token!
What is ThetaCash?
TBILL is a TNT20 token, which provides utility for the Theta community and its ecosystem and the and coming Metaverse. Think of it as the rebasing Metaverse Liquidity Token!
How was ThetaCash created?
ThetaCash (TBILL) was forked from Ampleforth. It was to be a low volatility coin that is designed to diversify risk and not a stablecoin!
It is a collaboration from the Gworld backbone built by GPooL! You might know GPooL staking (Theta, TFUEL & TDROP)
How will ThetaCash work?
ThetaCash (TBILL) is launching as the first TNT20 token that can cross over to multiple networks. It works via the protocol being chain-agnostic TBILL tokens can simultaneously exist on multiple platforms. TBILL can expand the utility on other blockchains and Metaverses in the future.
TBILL still operates on a rebase mechanism The average range is $0.95 - $1.05. The rebase will take place each day at 02:00 (UTC)
ThetaCash has 3 states
- Expansion, you guessed it we are in this phase
- Contraction
- Equilibrium
Additionally, Price oracles are used to provide external prices to smart contracts. And they aid in the rebase
What else is available for ThetaCash?
- Liquidity Provider Incentivized Pools at tbill.io
- Currently they are offering TBILL 50.00% APR
- Contrast with the current rates for staking Theta & TFUEL at < 3% and @ 6% respectively.
Where can you find TBILL?
TBILL currently exists as TNT20 token on Theta Network and ERC-20 token on Ethereum Network. Additionally, ThetaCash (TBILL) will be available for purchase on ThetaSwap.io and Balancer.
Summary - The Theta ecosystem is being built out rapidly, TBILL a liquidity rebasing token with HUGE APR rates will draw lots of attention to Theta. Will you unstake some Theta, TFUEL or TDROP to take advantage of ThetaCash?
Disclaimer - I am not an employee nor an agent of Theta nor Theta Labs, although it sounds super exciting!
