$TMX 8 On the 25th, it was already released. After that, a bunch of people only look at the K-line candles. That’s kind of boring.

Total token supply is 1 billion, and there will be no additional issuance. Community gets 15%, ecosystem 29%; the team and investors have lockups, so it’s not that they dump everything in your face at launch. The amount that can circulate is just that one portion; the rest is released out month by month.

What I care more about is what it’s actually for.

It’s about using collateral to get sTMX. After that, it’s for voting, for setting risk parameters, and for going through the curator whitelist—that’s the path it follows. If the protocol really expands toward things like institutional lending and tokenized stock collateral, governance won’t be just for show. On the fee side, if some of that can be distributed to the staking/collateral side, then there’s a real reason to hold.

The project isn’t a dead shell issuing tokens. The mainnet has been running since April 2025. Aave, Morpho, Pendle, and Venus have all been involved; Cumberland, HashKey, and YZi Labs are also listed among the shareholders. At least, they’ve built the lending part first and then issued tokens—doing this is more legit than many projects.

I don’t know whether the token price will go up. But don’t treat TMX as merely a tradable ticket. It’s pretty tightly coupled to the protocol—locked in by governance and incentives, not by slogans.