Tenset is a technological hub specialising in blockchain. They provide innovative young startups with the necessary tools to flourish, while connecting them with powerful marketing and a global community through their world-class launchpad.
Tenset Gem Launch Platform is widely respected as one of the top launchpads in the crypto space having previously launched hugely successful projects such as Metahero and Everdome.
10SET is a deflationary token based on the BNB chain. This utility token powers the diverse Tenset ecosystem acting as the native currency for all services. This includes access to the Tenset launchpad, Infinity Airdrop platform, and NFT Marketplace.
To participate in launches users need to buy 10SET tokens and lock them from their private wallet. The supply of 10SET token is actively burned to reduce total supply
How Does Tenset (10SET) Work?
We can see Tenset as a two-way project, offering a unique combination of problem-solving qualities and value-building with cryptocurrencies.
The native token, Tenset or 10SET, gives holders more incentives by staking their token and allowing them to earn rewards if they keep it in their wallets.
The Tenset development team designed their smart contract to add a 2% fee for every transaction. This fee, in turn, benefits those who hold 10SET tokens.
How? Well, 1% will get automatically distributed to those holders of the tokens, and Tenset will remove the other 1% from circulation. The reason why they burn the 1% is to increase scarcity.
Tenset is also an ETF 2.0 provider, which means they will invest the funds they earn from investors into both traditional stocks and crypto.
By combining technical and fundamental analysis, Tenset looks at which companies, such as AT&T or Coca-Cola, will be worth investing in. Polkadot and Bitcoin are two potential choices for wise investments with crypto assets.
This will decrease the risk and volatility because when investing in crypto alone, you have to deal with a lot of volatility.
What Is Tenset Used For?
Tenset’s goal is to increase the rate at which new technologies are adopted by combining these technologies with information from third-party sources. They want to make the benefits of blockchain technology available to traditional businesses that are already well-established, such as Oracle and Visa.
The 10SET token grants its holders the ability to vote on various changes to the project’s advantage; each holder of 10SET tokens is allowed one vote. The development team believes that this will lead to increased participation from the community, which in turn will lead to an increase in the value of the token.
In addition, the token is a deflationary coin, meaning it will provide more value to users over time.
Where To Buy Tenset (10SET)
Tenset is available on several major cryptocurrency exchanges, and you can purchase it directly with fiat currency. Remember that the Tenset price will differ between exchanges, depending on the USD price.
You can also purchase Tenset tokens with crypto. If you have Ethereum or any other stablecoins, you can exchange them for Tenset coins on any exchanges with the currency listed. Keep an eye on the current price of tokens and do your research before making a final decision.
Below, you will see the major exchanges listing 10SET tokens:
If you are wondering what wallet address you can use, Tenset has an Android app where you purchase and store Tenset tokens.
FAQs About Tenset (10SET)
How long has Tenset existed?
The current CEO, Jonasz Miara, unveiled the Tenset project to the public for the first time in 2021. Along with his Bachelor of Business Administration degree, he has over ten years of experience in business and leadership. Since 2014, he has been an enthusiastic investor in blockchain technology and an entrepreneur.
One of his primary objectives is to protect the investments of Tenset’s customers while simultaneously growing the company into a market leader in the blockchain and traditional finance industries.
Within a relatively short period, they have successfully grown their team to incorporate additional sales staff, legal personnel, and software developers. These individuals work toward the same objective: to make the Tenset services accessible to more customers worldwide.
What’s controversial about Tenset?
There has been little controversy around the company because they are still so young, which (ironically) is controversial as skeptics wonder how far the company can go.
The fact that Tenset aims to bring old-world finance into the new age of blockchain and cryptocurrency has many debating whether or not traditional finance will adapt. There is also speculation about how traditional processes will benefit if they adopt these new technologies.
The only thing we can do now is to wait and see what the future brings.
How many Tenset tokens are there?
There is a total supply of 210,000,000 10SET tokens with a circulating supply of 77.5 million 10SET tokens. However, the company has burned roughly 7,434,210 of the total supply since it started.
As mentioned above, they burn the tokens to increase the Tenset price over time, which is why the maximum supply will also decrease.
Let’s take a look at the allocation of circulating supply during the launch: The company gave the first 70% to the sales pool, 10% to advisors and team members, 5% was allocated for marketing purposes, another 5% was kept in liquidity reserve, and lastly, 10% as company reserves.
Can 10SET be mined?
Unfortunately, mining 10SET tokens isn’t possible. However, as previously mentioned, staking the tokens is available.
Staking a token is when a user locks in coins to gain rewards. 10SET token staking works a little bit differently from your traditional staking processes. Tenset uses a smart staking system called RFI (Reflex Finance) technology.
This technology applies a fee to each transaction and splits the token holders’ costs. In this case, Tenset has a 2% fee that applies to all transactions, and only 1% of that 2% will be allocated.
That said, users don’t have to wait for rewards to be delivered: they receive bonuses immediately, thanks to the smart contracts used by the company.
You don’t need to take action through third-party sites because the technology is fully decentralized and works automatically. There is also no specific wallet you need to use; any big names, like MetaMask, Exodus, or Trust Wallet, will do just perfectly.
Token holders can also earn a passive income by keeping their 10SET tokens in their wallets; the percentage of rewards earned is calculated by the number of tokens in the wallet.
What is the market cap of Tenset?
The total market cap of 10SET tokens is $582,627,837, with a diluted market cap of $635,612,534.
Biggest Competitors Of Tenset
Innovative technologies like blockchain, cryptocurrencies, DeFi, and the Internet of Things have become a reality for many. They are beginning to grow as more companies realize these technologies’ benefits for their industries.
With Tenset’s unique company structure designed to bridge the gap between these technologies and the traditional finance sector, other such companies have not been launched yet.
It is for this reason that Tenset seems not to have many competitors at present. This could be because Tenset is its own competition, as it is such a recent development.
What Are The Future Plans For Tenset?
Tenset is still in the early stages but does have plans for the future. One of the goals that Tenset has is to become one of the biggest airdrop pools in the crypto space, where investors can choose to earn 10SET tokens for the crypto they lock-in.
They also want to position themselves as the lead integrators between the traditional finance sector and the stock market. With that said, they also want to include an API, allowing other projects to provide the same bridge for their users into the traditional finance sector and the stock market.
They want to be the leaders in mixing the world of cryptocurrency with the traditional stock market, with the goal of benefiting from both.
Pros And Cons Of Tenset (10SET)
Pros:
- Roadmap – So far, the team has positioned themselves in line with the roadmap they set out to achieve.
- Major Listings – They’re already listed on some of the most major decentralized exchanges in their brief existence.
- Value Proponents – They have a unique proposition that will leave a mark on the entire crypto space and influence many companies. The best way to go about it is to stay up to date with company-related news.
Cons:
- Risk Adverse – They are still in the early stages, which automatically entails a certain amount of risk – more than long-established blockchain projects.
- Competition – Even though they have a unique proposition that can put them at the forefront of the crypto space, competitors are sure to follow their example.
Resources:
https://cryptonextgem.com/tenset/
https://morioh.com/p/93b76beb87a9
https://bitkan.com/currencies/tenset/