What is Tenset?
The Tenset token, or 10SET, is a deflationary token native to the Tenset platform. The latter is an ETF 2.0 distributor and a launchpad for both crypto and non-crypto projects.
10SET is a second-generation ETF 2.0 token. It was initially launched as an ERC-20 token. However, it has been updated to be running cross-chain, therefore, the 10SET token is now also based on the BEP-20 token standard. At the moment, it’s deployed on the Ethereum network and the Binance Smart Chain.
Simply holding the Tenset token incentivizes holders with crypto rewards. This is possible due to the fact that the token exposes users to a wide range of unique assets, both in the crypto world and not. To put it simply, it represents an investment in multiple projects. Therefore, by holding the token, you invest in these projects and receive stable returns.
One of the core features of the Tenset token is its smart staking system that combines the world of crypto with the traditional stock market. Tenset highlights the fact that, while the cryptocurrency market is growing, it’s important not to forget the security and stability of the traditional stock market.
There is a max cap of 210,000,000 Tenset tokens. The project implements a deflationary token model, which means that the token supply will decrease. It’s possible that the Tenset price will increase as the token becomes more scarce.
10SET tokens have been allocated as follows:
- 70% - Sales pool;
- 10% - Team and advisors;
- 10% - Company reserve;
- 5% - Liquidity reserve;
- 5% - Marketing.
All transactions within the Tenset ecosystem are charged a 2% transaction fee. 1% of this fee is burned for deflationary purposes, while the remaining 1% is distributed among 10SET holders. This model is managed by the Reflect.finance (RFI) technology.
You can have a more in-depth look at the Tenset price history and the current Tenset price on the graph above.
What are the Main Features of Tenset?
As discussed in the What is Tenset section, we’ve established that it’s an EFT 2.0 distributor. This means that the platform reinvests the user’s funds into both crypto and non-crypto ventures. By bringing the traditional stock market into the mix, Tenset greatly decreases volatility and lessens the risk factor.
By doing this, Tenset aims to reach full integration between the stock market and the cryptocurrency space.
Tenset is a self-sufficient project. This means that it supports itself by reinvesting into various traditional and crypto-related ventures. When it comes to investing in traditional projects, Tenset targets projects with decreased levels of volatility.
Since the 10SET token is deflationary, Tenset implements a buyback and burn mechanism to maintain its deflationary model.
One of the main goals of this project is to accelerate the mass adoption of cryptocurrencies in financial markets.
Certik has completed a thorough audit of the Tenset smart contract technology. It’s publicly available for anyone to review on their website.
Before diving into any blockchain-based project, please make sure to do your research. In the case of Tenset, you can start by checking out the 10SET price history and other statistics on the graph above.
Who Developed Tenset?
The idea behind the Tenset crypto project was born by Jonasz Miara in early 2021.
Prior to founding Tenset, Jonasz Miara went to the European University of Business where he earned his bachelor’s degree in psychology in business. At the moment, he is taking the role of CEO at Tenset.
There are 3 phases of the Tenset crypto project that encapsulate its development, expansion, and implementation:
- Launch of the Tenset Network;
- Selection of Tenset crypto assets;
- Bridging Tenset with the stock market.
The project also conducted 3 phases of Initial Public Offerings (IPOs):
- Presale Poland launched in January of 2021;
- Presale Global launched in March of 2021;
- Global Sale and Initial Exchange Offerings (IEOs) launched in February of 2021.
