Introduction
TCY
- THORChain TCY token launch:
- Launch Date: THORChain is proceeding with the launch of the TCY token on May 5th.
- Purpose of TCY: TCY is designed to address debt from THORChain's THORFi lending and savers program and introduce a new yield model.
- TCY Utility: Holders of TCY can stake their tokens to earn RUNE, derived from THORChain protocol fees.
- Where to get it: Thorswap, Leodex, Others???
- Users impacted by the THORFi freeze can claim TCY.
- Initial Liquidity: There are plans for a TCY/RUNE pool to be launched with initial liquidity to support trading.
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Body
Places to Trade Token and what does 1000 TCY get you?
LeoDex
1000 TCY for 249.81 Rune
https://img.leopedia.io/DQmNn7Xr1zyoUU83hoat8RgQRoeuPL8umUAwhV53Y5DLRj4/Screenshot%202025-05-05%20at%202.23.33%E2%80%AFPM.png
Thorswap
1000 TCY for 232.67 Rune
https://img.leopedia.io/DQmWTGoshEanpPNPiadoe8PUcL81L1L49iorbi9Fi1nRPex/Screenshot%202025-05-05%20at%202.26.20%E2%80%AFPM.png
Cacaoswap
TCY not tradeable on Cacaoswap today? Very odd since Cacaoswap Dev proposed this solution, but perhaps to maintain neutrality?
https://img.leopedia.io/DQmTGpswio5rzgcXCXh6BPm3mdwb2eaa5H6Bwu1o1Sn2MCv/Screenshot%202025-05-05%20at%202.33.02%E2%80%AFPM.png
Summary / Updates
- TCY token launch is May 5th, 2025
- I know it is claimable on Thorswap and Leodex, using your Thorswap address from the wallet which contributed the funds which were lost on ThorFi; Savers or Lending
- I know the starting price was supposed to ne 10 cents but current swap rates suggest a current market price for the token of 17 cents or 0.17 USD
- So token holders who claimed their tokens are already up 7 cents or 70% for the day, so since they already borrowed 50% of the value of their holdings and both BTC and ETH are down 20% from the price when Thorfi froze everyones assets, the asset holders are almost half way to being made completely whole.
- Check back here for updates
Update: I tried to claim TCY on LeoDex and it didn't work.
Step one I connect my wallet and it sys You are ELigible to claim TCY Tokens, so I think cool.
Step Two click button labeled : CLAIM TCY TOKEN
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Step Three Confirm Wallet Address
https://img.leopedia.io/DQmePoymuNuYGNEqgc3biLfPSsdmQ1DAE6E7nnJiR7daigk/Screenshot%202025-05-05%20at%209.01.30%E2%80%AFPM.png
- Okay so it already has my wallet address in the field, and although I copy my address onto the clipborad using highlight and copy, I find the UI on't let me change the address that the UI has pre-filled the address box with...hmmm not ideal that I can't fill the address, but I check it and it looks like mine. So I check the box and click confirm.
Step Four it takes me to a wallet asset list.
- So I am thinking GREAT!
- I am going to see the TCY in my wallet right?
- Surely in the Thorchain Assets section, right next to RUne??
-
So I peruse the list of assets and under Thorchain assets it lists the Rune I have in my wallet, but no TCY.
-
So I refresh.
- I refresh again.
- I check transactions, and nothing.
Step Five I am disappointed using the Technology, again.
- I go to Thorswap and check the website and theres nothing there to cue you in on how to swap your tokens, what a shitshow.
- I go to Thorchain Discord and it says Thorswap will have something there in a week. WTF?? Amateur Hour or what?
- But It says go to Thorchain.org to claim your TCY. Why would I not go to Thorswap but Thorchain.org??
- I go to thorchain.org and can't find a single thing on the TCY Token ... once again, I am thinking WTF. Amateur hour?
- WTF we have been waiting months for our money and this stuff happens.
- I am pretty tired of tech that doesn't work. Pretty frustrated and exasperated.
- I go to Thorchain discord to see if anyone is writing about the TCY token claiming and any problems and it is pretty quiet, as if nothing happened today???
- Mn, this stuff is enough to make you go back to TradFI...
Update: 05/09/2025
- The UI for Leodex Dashboard and swapping is beautiful and intuitive
- But it didn't work for me, so I can't claim my TCY.
- I went to the Inleo Discord and placed a ticket, and it's been three days, I am waiting for a team member to reach out and help me with my swap.
- Beutiful Tech .... just needs to work, and customer service needs to be responsive.
Posted Using INLEO