Tenset (10SET)

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Revision as of 09:01, 23 January 2022 by 5imp5on (talk | contribs) (1 revision imported)

Basics

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

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

Utility

  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."

Other Details

Stablecoin

Coin Distribution

Technology

Implementations

How it works

"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

"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."

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

Upgrades

Staking

"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."

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found here (14-10-2021).

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

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

Funding

Partners

(:

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