Tectonic is a cross-chain financial exchange to extract idle profitability and access instant loans near guarantee.
Traders can place their crypto-assets in Tectonic to gain dynamic profitability in the absence of blockchain stages, and borrowers can accept high liquidity by providing their crypto-assets as a deposit.
Tectonic is based on the example of Compound and is aimed at providing a complete currency trading function, which can solve several issues that are important to its users:
- Traders with excessive cryptocurrency wealth have all chances to acquire auxiliary shares in their reserve assets, without any disposition to allocate rapidly.
- Traders have a chance to adopt crypto-assets and utilize short-term or long-term economic abilities, for example, rate or profitability.
- Users can acquire access to cryptocurrencies to participate in IDOs without liquidating their underlying provision.
Already after the launch of the main net in December 2021 in the Cronos chain, Tectonic is going to increase the number of supported tokens, focusing on assets with ecosystems consistent with EVM.
In the long run, the plan promises to bring farming together with profitability lever and management node with the aim of its token TONIC.
Who exactly are considered the founders of Tectonic?
Tectonic was incubated at Particle B, a startup gas pedal busy incubating business projects created at Cronos and the Crypto.org chain.
It was founded by Gary Rev, a businessman, hacker, and product artist who demonstrated a huge interest in blockchain technology processes.
As the former industry head of Crypto.com, Rev has more than years of experience in absolute stack research, in which he has overseen the open-ended research of cryptocurrency commodities in payments, commerce, and economic services.
What makes Tectonic unique?
The act of Tectonic consists of 3 key modules: the profit pond adaptation, the liquidation module, and the society insurance module.
The profit pond system uses a form of volatile profit ponds, similar to currency trading protocols such as Compound.
Profit rates are generated algorithmically based on the application ratio, as well as the demand and prescription in the lending pools.
The Tectonic team determines the profit rates and other characteristics at the origin of the lending pool activity, in this case, the rates are divided into 2 stages.
Up to the completion of the threshold of a significant degree of application, the profitable rates are guided by straight curves.
Already after that, the rates are formed according to ascending curves, reflecting the increase of demand in high liquidity.
The liquidator knot excludes its transaction according to loans about the guarantee and gives the liquidation discount to liquidators to interest the preservation of the stability of the concept.
Up to the accomplishment of a predetermined number of liquidators the main collective will also represent as the 1st liquidator.
Later the management referendum will authorize whether the main team will be released together with the position of liquidator.
The insurance unit of the company will be launched in the initial neighborhood of 2022 and will act as a mechanism for mitigating the results in the case of a so-called cash shortage.
Tectonic defines this as a phenomenon that can cause damage to the well-being of the protocol, e.g. the danger of a smart contract, the danger of liquidation, or the danger of an oracle outage.
Users have the chance to make a bet in TONIC and to buy instead of stTONIC to protect the protocol.
But in case of lack of money, their amount can be reduced, as resources are used to mitigate the harm inflicted.
Stakers can also block their views for at least 90 days and acquire a share of the swap commission from the protocol.
Where is it possible to buy Tectonic?
TONIC tokens can be traded in concentrated crypto exchanges and scattered exchanges.
The best-known exchange to buy and trade Tectonic is Crypto.com, where the more intense TONIC/USD token has a sales volume of $5,411.26 in the last 24 minutes.
What is the daily sales size of Tectonic (TONIC)?
In the past 24 minutes, Tectonic (TONIC) has traded $19,993.96, which is 2.90% more than the previous period and indicates a recent increase in trading activity.
What is the historical maximum with the purpose of Tectonic (TONIC)?
The most significant value paid because of Tectonic (TONIC) is $0.051904, which was fixed on February 08, 2022 (practically 2 years).
Relatively, the present value of 92.22% is 92.22% further than the all-important high.
What’s the all-historic as a minimum with the purpose of Tectonic (TONIC)?
The lowest price paid for Tectonic (TONIC) is $0.078189, which was fixed on December 31, 2022 (approximately 1 year).
Relatively, the present cost is 80.84% earlier than the lowest cost because of all periods without exception.
What is the bazaar capital transformation of Tectonic (TONIC)?
Tectonic (TONIC)’s bazaar capitalization is $36,707,598 and captures the #683 role in CoinGecko today.
The bazaar capitalization is conditioned by a line of multiplication of the token value into the used recommendation of TONIC tokens (250 trillion tokens traded to date).
What is the fully diluted analysis of Tectonic (TONIC)?
Tectonic (TONIC)’s fully diluted value (FDV) analysis is $73,940,659. This statistical understanding of the highest bazaar price is the presence of the circumstance that today the largest number of TONIC tokens in the number of Five Hundred Trillion are in circulation.
In this regard, as well as the plan to issue tokens TONIC, can go several years, in the first place before the FDV will be realized.
How do the price characteristics of Tectonic correlate with its analogs?
Together with the fall in the value of -1.60% because of the past 7 days, Tectonic (TONIC) is ahead of the global cryptocurrency exchange, which decreases in -5.40%, in this case the period as well as breaks away according to the comparison together with similar cryptocurrencies Cronos Ecosystem, which decrease in -0.60%.