Touch of Midas (TOM) Finance is a DeFi project initiated by The Midas Touch Gold (TMTG) Ltd., a company registered in Hong Kong and engaged in cryptocurrencies. The release of TOM Finance will occur in two phases; the first phase will update in November, and the second phase will update in early 2021.
During the first phase, participants can earn mining rewards in TOM tokens by staking LP tokens in pools, such as the TMTG-LBXC pool within TOM Finance. The second phase of TOM Finance will update in early 2021, building its own decentralized finance ecosystem where all mapping features and DeFi products will be available on the TOM Finance platform.
With no venture capital, private investment, pre-mining, or allocations, TOM Finance will ultimately become a user-centric, transparent DeFi project.