[ANN] TofuDeFi - Trade and stake Ethereum assets on TRON

[Miiike]

My concern was, how difficult is it to bridge between TRC to ERC? Or perhaps I should say, how likely is it to create a new trouble like lost token, confusion, etc.? For example, I (positioned as a clueless trader with nonexistent knowledge of chains and swaps and other things, and just know that "i send the token there and it'll be like that and after that, I can do this) have a new and unpopular ERC token called ABC, and I want to swap them on your platform (which runs on TRC) how difficult is the learning curve? Is it seamless like how I trade my erc on uniswap or do I (remember, a clueless trader) need extra steps?

I noticed you've addressed this issue on your introduction post with the term "wrapped erc", perhaps we can start with what do you mean with "wrapped"?

It's not easy task, but it's possible. There are many projects which aim to realize cross chain communications right now. Usually they utilize their own blockchain for that and try to build common solution for many blockchains. Our selling point is that we don't try to build solution for everything, instead we are focusing on two specific blockchains, TRON and Ethereum, with very similar architecture and technology. We can't guarantee that token losses are impossible, but we believe that it will be very unlikely. Only some serious bug can cause that.

About ABC token. If there will be no wrapped ABC token on TRON chain yet, you will have to lock your ABC tokens on bridge contract in Ethereum network to create wrapped ABC tokens on TRON network. Locked ABC tokens in Ethereum will be collateral for issued tokens on TRON. If wrapped token already exists in TRON chain, you can trade it as any other TRC20 token unless you need more tokens than exists on TRON chain at the moment.

I initially wanted to suggest a gateway bridge, as I recalled one project who initially was on waves, learned their mistake and decided to transfer to erc, and they created a gateway where holders can use the erc or waves version whenever they want. But I conclude from your explanation that you have an almost similar concept with this cross-chain scheme,

One question that followed this situation, though: for your platform, is that mean the token has to be available on both chain (erc and trc)? And who will provide the "other side version"? Do the dev of each token have to provide this (means if a project wants to be on your swap platform, they have to take extra step of developing "clone" token for other chain) or will this cross-chain provided by you?

[1714592941]

1714592941

[1714592941]

1714592941

[1714592941]

1714592941

[1714592941]

1714592941

[TofuDefi]

I initially wanted to suggest a gateway bridge, as I recalled one project who initially was on waves, learned their mistake and decided to transfer to erc, and they created a gateway where holders can use the erc or waves version whenever they want. But I conclude from your explanation that you have an almost similar concept with this cross-chain scheme,

One question that followed this situation, though: for your platform, is that mean the token has to be available on both chain (erc and trc)? And who will provide the "other side version"? Do the dev of each token have to provide this (means if a project wants to be on your swap platform, they have to take extra step of developing "clone" token for other chain) or will this cross-chain provided by you?

Thank you for your question! No token doesn't have to be on both chains. If token is available on both chains like USDT for example, there is no real need to use TofuBridge, because token owner provided both versions herself. But TRC20 version can be traded on TofuSwap when it will be ready.

TofeBridge is for tokens which are available only on one chain and token dev/owner doesn't want or have an ability to maintain its own token on the other chain. In this case anyone who has some tokens will be able to create wrapped tokens on the other chain without token owner involvement.

[TofuDefi]

Important notice!

We've noticed that yesterday at night someone bought couple of hundreds TOFU on JustSwap pool on very high price (>$0.5).

Please note that JustSwap pool doesn't have enough liquidity yet!

If you want to get more than 20-30 TOFU please visit our site to get some. Current sale price is $0.2 for one TOFU. Sometimes you can get it cheaper on JustSwap, but please consider amount and price impact of your purchase.

We are happy to inform that our JustSwap pool's size is growing. It's still small for big trades, but now you can exchange up to 50 TOFU per trade without significant price impact.

[TofuDefi]

Announcement!

We start private sale of TOFU tokens. At this stage we can offer 2,500,000 tokens for private sale (total) with discount from 30% to 40% depending on your amount.

Minimal amount is 200,000.

If you are interested please send an email to info@tofudefi.com.

[TofuDefi]

Telegram ??

Community group: https://t.me/TofuDeFi

[TofuDefi]

We are glad to inform everyone that Indonesian version of our website is now available:

https://ind.tofudefi.com/

[TofuDefi]

TofuDefi Update 2020-12-30

We are glad to inform that we are moving forward to the launch of TofuSwap. We expect that it will be launched on mainnet by the mid of January.

Please note that first stage of token sale will end tomorrow, 2020-12-31 at 23:59 UTC.

[lvsca]

I hope that in the near future we will have a social media channel where we can share about the development of the Tofu defi project and besides that anyone who is here to make communication easier, don't forget to join our main telegram community
https://t.me/TofuDeFi

[TofuDefi]

I hope that in the near future we will have a social media channel where we can share about the development of the Tofu defi project and besides that anyone who is here to make communication easier, don't forget to join our main telegram community
https://t.me/TofuDeFi

Actually we have discord. This invite link should work: https://discord.gg/h38JR35YpH. We check it every day for questions.

Right now we are not active in Telegram because we need to focus on development of the Tofuswap, but after launch of the first version we will be more active there.

[TofuDefi]

Happy New Year to all!

May all your goals be achieved, and all your plans be fulfilled!

Please note that first token sale will be closed in 8 hours at 23:59 UTC time.

[TofuDefi]

Announcement!

We discovered that some bad actors created fake TOFU tokens and tried to scam people with those tokens.

Please be careful and note that our TRC20 contract is TTgnhmov3ezeUGxnfDdjvDt4WhNXDUD3bT

JustSwap TOFU-TRX pair address is TVUS6gaqw7PQ8KxsuiMMACQGxEyjJv4Uxf

Please check for right contract address before doing any exchange operations!

[TofuDefi]

Second token sale stage is open!

[pmont]

Hello, sorry for offtop but i wanna ask why my wallet after trx transaction was charged by your token (0.000777
TofuDefi10), its part of some kind of advertising or just mistake.
Regards

[TofuDefi]

Hello, sorry for offtop but i wanna ask why my wallet after trx transaction was charged by your token (0.000777
TofuDefi10), its part of some kind of advertising or just mistake.
Regards

Hi! It's promotional. I hope it didn't cause any inconvenience to you.

[TofuDefi]

We've noticed that some people who got TOFU10 promotional tokens sent TRX to sender address. Please don't do it, it doesn't work this way. If you need TOFU your can get it on our website or on Justswap.

If you sent it by mistake please contact us.

[the rise]

hi where can we find progress on the Tofu Defi project? I saw on discord there wasn't much that I could get information there, only telegrams were actively reporting the latest information, unlike most other projects that were complete to announce developments in social media, why didn't Tofu Defi make it? Generally social media will help people to find any news about a project and more specifically Tofu

[TofuDefi]

hi where can we find progress on the Tofu Defi project? I saw on discord there wasn't much that I could get information there, only telegrams were actively reporting the latest information, unlike most other projects that were complete to announce developments in social media, why didn't Tofu Defi make it? Generally social media will help people to find any news about a project and more specifically Tofu

Hi! Thank you for your reply and suggestions!

We are working on TofuSwap now and expect to launch it in a week or so. Right now we are more focused on development rather than on promotion and social media. We have Discord and Telegram channels and any significant information will be posted there, in this thread and on the website. We know that promotion is important, but we believe that without real product it's useless.

[eXtremal]

hi where can we find progress on the Tofu Defi project? I saw on discord there wasn't much that I could get information there, only telegrams were actively reporting the latest information, unlike most other projects that were complete to announce developments in social media, why didn't Tofu Defi make it? Generally social media will help people to find any news about a project and more specifically Tofu

Hi! Thank you for your reply and suggestions!

We are working on TofuSwap now and expect to launch it in a week or so. Right now we are more focused on development rather than on promotion and social media. We have Discord and Telegram channels and any significant information will be posted there, in this thread and on the website. We know that promotion is important, but we believe that without real product it's useless.

a pretty good strategy thinking of the product beforehand if the promotion is carried out without a real product is a waste of work, and I see that the price of Tofu tokens has increased quite a bit today, I don't know what the real cause is, but it could be even higher if the product is already launched for real

[begau]

hi where can we find progress on the Tofu Defi project? I saw on discord there wasn't much that I could get information there, only telegrams were actively reporting the latest information, unlike most other projects that were complete to announce developments in social media, why didn't Tofu Defi make it? Generally social media will help people to find any news about a project and more specifically Tofu

Hi! Thank you for your reply and suggestions!

We are working on TofuSwap now and expect to launch it in a week or so. Right now we are more focused on development rather than on promotion and social media. We have Discord and Telegram channels and any significant information will be posted there, in this thread and on the website. We know that promotion is important, but we believe that without real product it's useless.

a pretty good strategy thinking of the product beforehand if the promotion is carried out without a real product is a waste of work, and I see that the price of Tofu tokens has increased quite a bit today, I don't know what the real cause is, but it could be even higher if the product is already launched for real

This is a reasonable decision, I see this at POOLZ, they also adopt the same strategy. People will expect more to see real products, updating project highlights every day to attract investors.

[the rise]

hi where can we find progress on the Tofu Defi project? I saw on discord there wasn't much that I could get information there, only telegrams were actively reporting the latest information, unlike most other projects that were complete to announce developments in social media, why didn't Tofu Defi make it? Generally social media will help people to find any news about a project and more specifically Tofu

Hi! Thank you for your reply and suggestions!

We are working on TofuSwap now and expect to launch it in a week or so. Right now we are more focused on development rather than on promotion and social media. We have Discord and Telegram channels and any significant information will be posted there, in this thread and on the website. We know that promotion is important, but we believe that without real product it's useless.

a pretty good strategy thinking of the product beforehand if the promotion is carried out without a real product is a waste of work, and I see that the price of Tofu tokens has increased quite a bit today, I don't know what the real cause is, but it could be even higher if the product is already launched for real

This is a reasonable decision, I see this at POOLZ, they also adopt the same strategy. People will expect more to see real products, updating project highlights every day to attract investors.

as said by the previous team that they are currently very with the product that they will launch in the near future, so it will be a little rare for us to get attention here unless their product has been launched, surely they will prepare materials for the promotional part, we are looking forward to it.