Tectonic crypto is the native token of the Tectonic protocol, a decentralized money market protocol that is designed to allow users to supply liquidity or borrow. The suppliers that provide liquidity to the market earn passive income in the process, while the borrowers can access instant loans by collateralizing their crypto assets.
The Tectonic protocol is built on the Cronos chain, a scalable and interoperable EVM-compatible chain that is powered by the Crypto.org chain. The Cronos chain enables fast and low-cost transactions, as well as cross-chain compatibility with other EVM-based networks.
The Tectonic protocol aims to provide seamless money market functionalities that address several use cases for its users, such as:
- Investors with excess crypto capital can generate additional interest on their idle assets without actively managing them.
- Traders can borrow crypto assets and capitalize on short-term or long-term financial opportunities like staking or yield farming.
- Users can access cryptocurrencies to participate in IDOs without liquidating their underlying collateral.
The Tectonic protocol consists of three core modules: an interest rate mechanism, a liquidation module, and a community insurance module. The interest rate mechanism adapts a variable interest rate model similar to that of money market protocols like Compound. Interest rates are algorithmically determined based on the utilization rate and supply and demand in the lending pools. The liquidation module liquidates undercollateralized borrowing positions and offers a liquidation discount to liquidators to incentivize keeping the system stable. The community insurance module collects a portion of the interest paid by borrowers and uses it to cover any potential losses in the event that undercollateralized loans are not properly liquidated.
The Tectonic crypto token (TONIC) has two key use cases: governance and staking. Governance allows TONIC holders to vote on various parameters and proposals that affect the protocol, such as interest rates, collateral factors, supported assets, and more. Staking allows TONIC holders to stake their tokens into the community insurance pool and earn rewards for securing the protocol.
The Tectonic crypto token has a total supply of 100 billion tokens, of which 20% are allocated to the team and advisors, 20% to the ecosystem fund, 15% to the liquidity mining program, 15% to the community insurance pool, 10% to the IDO sale, 10% to the private sale, 5% to the public sale, and 5% to the reserve fund.
conclusion
The Tectonic crypto token is currently trading at $0.00000013 USD with a 24-hour trading volume of $81,122 USD. It has a market cap of not available and a circulating supply of not available. It is listed on several exchanges, such as Gate.io, Uniswap, PancakeSwap, and SushiSwap.
If you are interested in learning more about Tectonic crypto and its protocol, you can visit its official website, read its whitepaper, or join its community on [Twitter], [Telegram], or [Discord]. You can also use our web search tool to find more information about Tectonic crypto.
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