Tenset (10SET)

Basics

• Based in: Albania (with a Polish team)
• Started in / Announced on:
• Testnet release:
• Mainnet release: 1-2021 on Ethereum
• From Morioh (4-2021):

"It’s a new generation ETF2.0 deflationary token with a smart staking system, that bridges cryptocurrencies with the stock market."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

• From Morioh (4-2021):

1. "staking - half of the fees are distributed proportionally to all 10set token holders.
2. burning - another half of the transaction fees are burned, which reduces the number of 10sets in circulation and increases dividends for the holders.
3. buyback - 30% of the company’s profits from dividends will be spent on buying 10sets from exchanges and will be burned. This will cause more deflation and will further drive 10set price."

Coin Distribution

• One specific address, which is not flagged as a contract holds 33% of all tokens. Most of the rest is within contract addresses (14-10-2021).

Technology

• Whitepaper can be found here (3-2021).
• Code can be viewed here.

Implementations

• Built on: Ethereum, BSC

How it works

• From Morioh (4-2021):

"Each token is backed by a collection of cryptocurrencies, and later shares, generating passive income through staking, loans or depositing. A part of company’s profits is used to buy back 10set tokens from exchanges. Those tokens are burnt, which boosts its price and creates deflation. We are establishing a set of procedures and rules governing communication between Smart Contracts, an EOA, VISA accounts and real world exchanges. We will also set up automated transfers of dividends directly from and to bank accounts."

Fees

• From Morioh (4-2021):

"Tenset adds a 2% transaction fee to every transfer. Half of the fee is burned creating a deflationary effect and another half is automatically distributed to all token holders. No need to freeze it or hold it in any special wallet."

• From their github (14-10-2021):

1. "1% is burned with every transaction
2. Burning process stops when the total number of tokens drops to 1% (2,100,000)"

Staking

• From Morioh (4-2021):

"Staking 10set works via the RFI mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always."

Roadmap

• Can be found here (14-10-2021).

Team, Funding and Partners

Team

• Full team can be found here (14-10-2021).
• Polish team of 9 people.

(:

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