$ 0.004244 USD
$ 0.004244 USD
$ 2.192 million USD
$ 2.192m USD
$ 21,578 USD
$ 21,578 USD
$ 198,053 USD
$ 198,053 USD
1.7623 billion TOWER
Issue Time
2021-03-01
Platform pertained to
--
Current coin price
$0.004244USD
Market Cap
$2.192mUSD
Volume of Transaction
24h
$21,578USD
Circulating supply
1.7623bTOWER
Volume of Transaction
7d
$198,053USD
Change
24h
+110.2%
Number of Markets
96
Current Rate0
0.00USD
3H
+121.15%
1D
+110.2%
1W
+70.57%
1M
+51.67%
1Y
+37.79%
All
-94.71%
Aspect | Information |
---|---|
Short Name | TOWER |
Full Name | Tower Token |
Main Founders | Animoca Brands |
Supported Exchanges | Uniswap, KuCoin, Gate.io, MXC, and Hoo |
Storage Wallet | Any Wallet supporting ERC-20 Tokens |
TOWER is a cryptocurrency token that forms an integral part of the “Crazy Defense Heroes” and “Crazy Kings” mobile games. These games were developed by Animoca Brands, a company well-regarding for utilizing blockchain technology in the gaming industry. The TOWER token operates on the Ethereum blockchain and complies with the ERC-20 standard.The primary function of the TOWER token within these games is to serve as a reward for player engagement and achievements, thereby fostering a play-to-earn model. In addition to this, TOWER tokens can be used for in-game purchases and accessing special features. Moreover, TOWER's utility extends beyond the boundaries of these two games, being used as a medium of exchange in the broader Animoca Brands ecosystem.
Pros | Cons |
---|---|
Part of a known gaming ecosystem | Subjected to crypto market volatility |
Fosters a play-to-earn model | Limited to Ethereum blockchain |
Has broader uses in Animoca Brands ecosystem | Risks associated with any cryptocurrency investments |
Can be used for in-game purchases | Usage and benefits confined to specific games |
Supports ERC-20 compatible wallets | Not widely accepted in various exchanges |
Over the coming decades, TOWER's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.05270 and $0.08862.In 2040, our forecast suggests TOWER could reach a peak price of $0.3115,with a potential minimum around $0.1808.Looking ahead to 2050, technical analysis indicates that TOWER's price could range from $0.01784 to $0.1483,with an estimated average trading price of about $0.01770.
Tower's official wallet is MetaMask. It is a popular cryptocurrency wallet that can be used to store, send, and receive TOWER tokens. It supports a variety of browsers, including Chrome, Firefox, and Brave.
Here are the steps on how to store TOWER tokens using MetaMask:
Download and install MetaMask.
Create a new wallet or import an existing one.
Add TOWER tokens to your wallet. You can do this by sending TOWER tokens from a supported exchange or by purchasing TOWER tokens using the MetaMask dApp: https://twitter.com/towerdefi?lang=en.
Once you have TOWER tokens in your wallet, you can send them to other wallet addresses or use them to pay for goods and services.
Here are some of the advantages of using MetaMask to store TOWER tokens:
It is easy to use and simple to set up.
It supports a variety of browsers.
It is secure and has strong security features.
It is compatible with many popular cryptocurrency exchanges and services.
One of the innovative aspects of TOWER token is its use as an economic tool within the gaming ecosystem, especially within the games developed by Animoca Brands - “Crazy Defense Heroes” and “Crazy Kings”. This goes beyond traditional methods of rewarding gamers with just in-game bonuses or achievements. Instead, TOWER token actualizes a play-to-earn model wherein players can earn a cryptocurrency that has real trading value on select exchanges.
The TOWER token operates based on the blockchain technology, specifically the Ethereum blockchain. It adheres to the ERC-20 standard, which is a common list of rules that all Ethereum tokens must follow. This allows it to interact seamlessly with other tokens sharing the same standards on the Ethereum network.
The primary principle behind TOWER token revolves around player engagement and incentivization in the gaming ecosystem. Players of specific games such as “Crazy Defense Heroes” and “Crazy Kings”, developed by Animoca Brands, earn TOWER tokens based on their in-game achievements and engagement level. Essentially, the more a player engages with the game, the more TOWER tokens they can potentially earn. This ushers in a play-to-earn model.
1. Uniswap (V2): Uniswap is a decentralized exchange protocol built on the Ethereum blockchain. It is designed to facilitate automatic trading of any ERC20 tokens. TOWER/ETH is a commonly supported trading pair on Uniswap.
2. KuCoin: KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It currently offers TOWER/USDT trading pair.
3. Gate.io: Gate.io is a crypto exchange platform that started in 2013, offering trading services for a variety of digital assets. Gate.io supports TOWER/USDT pair.
1. Hardware Wallets: These are physical devices that can store your cryptocurrency offline securely. Examples of these are Ledger Nano X, Ledger Nano S, and Trezor. They are considered one of the safest methods to store cryptos as they are immune to online hacking attempts due to the offline storage.
2. Software Wallets: This includes desktop and mobile wallets. They are applications that you can download and install on your device. Popular examples include MyEtherWallet, MetaMask, and Trust Wallet. These wallets combine convenience and fair security attributes.
Smart Contract Security: The TOWER token likely utilizes a secure smart contract code that has been audited by reputable security firms. This audit helps identify and address potential vulnerabilities that could be exploited by hackers.
Blockchain Security: TOWER most likely resides on a secure blockchain platform like Ethereum, which employs robust cryptography and consensus mechanisms to ensure the integrity and immutability of transactions.
Exchange Security: If you hold TOWER tokens on a cryptocurrency exchange, the exchange should have robust security measures in place, including secure storage of user assets, two-factor authentication, and regular security audits.
Earning TOWER tokens primarily revolves around player engagement within the games “Crazy Defense Heroes” and “Crazy Kings” by Animoca Brands. The tokens are awarded based on in-game achievements and levels of engagement. Thus, one potential way to earn TOWER tokens is by actively playing and achieving success within these games.
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