What is Tenset? All You Need to Know About 10SET

What is Tenset?

Tenset (10SET) is a cryptocurrency project that aims to bridge the gap between traditional and cryptocurrency markets. Its native token, 10SET, operates on a deflationary model with a smart staking system. Founded by Jonasz Miara and supported by strategic partner Robert Gryn, Tenset offers unique features such as Reflex Finance technology for staking without token lock-up, a deflation mechanism that reduces token supply through burning transaction fees, and backing of each token by crypto or stock market assets. The project includes a dedicated wallet app, an incubator for supporting high-potential crypto projects, an Infinity Airdrop program for earning rewards, and a Gem Launch Platform for investing in promising projects. While Tenset holds the potential for widespread adoption, it’s important to consider the volatility of cryptocurrencies and conduct thorough research before investing.

History of Tenset (10SET)

Tenset (10SET) was founded by Jonasz Miara, an experienced business leader who ventured into the blockchain and crypto space in 2014. Alongside a dedicated team including Michal Badhor as CMO and Sales Manager, and Michal Pomykala as CTO and Project Developer, Tenset embarked on a mission to bridge the gap between traditional finance and the world of cryptocurrencies.

The project gained strategic support from Robert Gryn, an angel investor and Everdome’s CEO, further bolstering Tenset’s growth and development. With a strong foundation, Tenset set out to create a platform that seamlessly connects the traditional and cryptocurrency markets.

Tenset’s native token, 10SET, features a deflationary mechanism, reducing token supply by burning a portion of transaction fees. This design aims to enhance the value and scarcity of 10SET over time.

The team also developed a unique staking system using Reflex Finance (RFI) technology. This system allows users to earn rewards without locking their tokens. A 2% fee is charged on each transaction, with 1% distributed among all token holders automatically.

With its innovative approach and strong leadership, Tenset continues to make strides in building a robust ecosystem that combines the best of both traditional and crypto markets, providing users with new opportunities for investment and financial growth.

How does Tenset work?

Tenset (10SET) is a project that aims to bridge traditional finance with the cryptocurrency market. With its native token, 10SET, it utilizes staking, deflation, and smart backing mechanisms to create an efficient ecosystem. Users can earn rewards through automated staking without locking their tokens. 10SET is a deflationary token that reduces its supply by burning a portion of transaction fees. Each 10SET token is backed by crypto and stock market assets. Tenset strives to provide seamless connectivity and investment opportunities between traditional and cryptocurrency markets.

Staking

Tenset’s staking feature provides an opportunity for token holders to earn rewards without the need to lock their tokens. Through the Reflex Finance (RFI) technology, staking is made seamless and automatic. When users engage in transactions involving 10SET tokens, a 2% fee is charged. Out of this fee, 1% is distributed proportionally among all token holders, serving as a staking reward.

Unlike traditional staking models that require manual lock-ups, Tenset’s staking process is effortless and requires no additional actions from the users. The RFI technology automatically calculates and distributes the staking rewards based on the number of tokens each participant holds. This approach encourages users to hold and stake their 10SET tokens, fostering a sense of community and long-term engagement within the Tenset ecosystem.

Deflationary

Tenset operates as a deflationary token, which means it actively reduces the number of available tokens over time to enhance their value. To achieve this, Tenset employs a mechanism wherein a portion of the transaction fee collected (2% in total) is burned or permanently removed from circulation. This burning process effectively decreases the total supply of 10SET tokens, creating a scarcity that can contribute to price appreciation.

By implementing a deflationary model, Tenset aims to incentivize holding and discourage excessive selling or dumping of the tokens. As the supply of 10SET gradually diminishes through the burning process, the relative scarcity can drive up demand and increase the token’s value. This mechanism aligns with the project’s goal of creating a sustainable and thriving ecosystem where token holders are rewarded for their participation and commitment to the Tenset platform.

Smart Backing

Tenset incorporates a unique feature called “Smart Backing,” which provides a backing mechanism for its native token, 10SET. Each 10SET token is backed by a combination of crypto and stock market assets, similar to how real-world assets back stablecoins or wrapped tokens. This backing mechanism adds an additional layer of value and stability to the token.

Smart backing involves utilizing a portion of Tenset’s profits to purchase 10SET tokens from exchanges. These acquired tokens are then permanently removed from circulation through burning, reducing the token supply and potentially increasing its value. This strategic buyback and burn mechanism helps maintain the equilibrium between supply and demand, further enhancing the token’s deflationary nature and contributing to its long-term growth and stability.

By integrating smart backing into the Tenset ecosystem, the project aims to instill confidence and trust in the value of 10SET tokens. The backing of tokens with tangible assets not only adds intrinsic value but also provides a bridge between the traditional financial markets and the cryptocurrency space, attracting a wider range of investors and fostering greater adoption of the Tenset platform.

Tenset’s Main Features: Incubator, Infinity Airdrop, Gem Launch Platform and Governance

Tenset offers a range of features that enhance its functionality and user experience. It introduces a unique staking system that allows users to earn rewards without locking their tokens. Tenset also employs a deflationary mechanism, reducing the token supply over time to increase its value potentially. The platform’s smart backing ensures that each 10SET token is backed by crypto or stock market assets, providing stability and value support. Tenset also offers a dedicated wallet app for convenient storage and management of 10SET tokens, along with other BEP-20 and ERC-20 tokens.

Incubator

Tenset’s Incubator is a dedicated program aimed at nurturing and supporting promising crypto projects. Through this initiative, Tenset provides investment and strategic support to selected projects, helping them grow and succeed in the competitive cryptocurrency market. The Incubator program offers long-term collaboration and financial backing, enabling project teams to focus on development, marketing, and scaling their ventures.

In addition to financial support, Tenset’s Incubator provides guidance and expertise to its incubated projects. This includes advising on tokenomics, market positioning, community building, and strategic partnerships. By leveraging Tenset’s experience and network within the crypto industry, the Incubator program aims to maximize the success and impact of the supported projects.

Successful projects incubated by Tenset not only benefit from the initial investment and guidance but also contribute to the profitability of Tenset’s portfolio. As these projects grow and generate returns, Tenset can allocate resources for further buybacks of the 10SET token, enhancing its value and sustainability. The Incubator program is crucial in expanding Tenset’s ecosystem and fostering innovation within the cryptocurrency space.

Infinity Airdrop

Tenset’s Infinity Airdrop introduces a unique utility for the 10SET token, allowing investors to participate in a locked staking program and earn daily rewards not only from 10SET but also from various crypto projects participating in the Infinity pool. This program allows investors to earn additional tokens by locking their 10SET holdings for a specific duration, typically ranging from 6 to 24 months.

The Infinity Airdrop program offers different tiers or levels of participation based on the amount of 10SET tokens locked and the duration of the lock-up period. Each tier has its own bonus structure, incentivizing investors to participate at higher levels. For example, the Bronze tier requires a minimum lock-up of 100 10SET tokens for 6 months, while the Silver, Gold, and Diamond tiers offer progressively higher bonuses with longer lock-up periods.

By participating in the Infinity Airdrop program, investors not only earn rewards in the form of additional tokens but also contribute to the liquidity and stability of the 10SET token. This program aligns the interests of investors and the growth of Tenset’s ecosystem, fostering a sense of community and long-term engagement among token holders.

Gem Launch Platform

Tenset’s Gem Launch Platform is an exclusive launchpad that provides 10SET token holders with the opportunity to invest in promising projects at their presale stages. This platform enables participants to access and invest in projects with significant potential for growth. By offering early access to these projects, Tenset aims to support and contribute to their rapid development.

The Gem Launch Platform allows 10SET token holders with an active TGLP (Tenset Gem Launch Platform) subscription to participate in presales of selected projects. To be eligible for the TGLP, users must lock a minimum amount of 10SET tokens for a specific duration, typically 365 days. This subscription grants users access to all the gems (projects) launched during the subscription period, ensuring that they have the opportunity to invest in multiple projects.

By leveraging the Gem Launch Platform, Tenset not only empowers its token holders to participate in presales but also invests in these projects themselves, contributing to their growth and success. This symbiotic relationship between Tenset and the projects featured on the platform creates a mutually beneficial ecosystem, fostering collaboration, innovation, and potential financial rewards for all stakeholders involved.

Governance and voting

Tenset’s governance and voting system provide 10SET token holders with a voice and influence over the platform’s decision-making processes. As a holder of 10SET tokens, you have the opportunity to participate in the governance of the Tenset ecosystem, allowing you to shape the future direction of the project actively. This governance model enables decentralized decision-making, ensuring the community’s interests are considered.

Through the governance system, token holders can propose and vote on important matters such as platform updates, changes to protocols, or the introduction of new features. The voting process typically occurs through on-chain voting mechanisms, where token holders can vote on various proposals. The voting power is proportional to the number of 10SET tokens each participant holds, giving more weight to those with larger holdings.

By actively participating in governance and voting, token holders can contribute to the evolution of the Tenset platform and help shape its trajectory. This democratic approach ensures that the decisions made align with the collective interests of the community, fostering transparency, inclusivity, and decentralization within the Tenset ecosystem.

What is the 10SET Token?

The 10SET token is the native cryptocurrency of the Tenset platform. It serves as a utility token, providing various functionalities and benefits within the ecosystem. As an exchange-traded fund (ETF) 2.0 token, 10SET represents a share of the Tenset project, allowing token holders to participate in its growth and success.

One of the primary functions of the 10SET token is governance. Token holders have the power to influence platform decisions through voting, enabling them to shape the future of Tenset actively. This democratic governance model ensures that the community’s voice is heard and that decisions align with the interests of the token holders.

10SET holders are also entitled to certain privileges and benefits. They have access to features such as the Infinity Airdrop and the Tenset Gem Launch Platform, which provide opportunities for earning rewards and participating in early-stage investment opportunities. Furthermore, 10SET tokens can be staked, allowing holders to earn staking rewards and contribute to the network’s security and stability.

Is Tenset (10SET) a Good Investment?

With its unique features such as Staking, Deflationary mechanisms, Smart Backing, Incubator, Gem Launch Platform, and Governance, Tenset offers a comprehensive and diverse ecosystem for token holders. These features aim to incentivize participation, promote community engagement, and foster sustainable growth within the platform.

By integrating various aspects of decentralized finance (DeFi), investment opportunities, and community governance, Tenset brings a fresh perspective to the blockchain space. Its focus on user empowerment, transparent decision-making, and providing value-added services sets it apart from many existing projects.

How to own 10SET?

One way to own 10SET is to go through a centralized crypto exchange. The first step is to create a Gate.io account and complete the KYC process. Once you have added funds to your account, check out the steps to buy 10SET on the spot or derivatives market.

Take Action on 10SET

Check out 10SET price today and start trading your favorite currency pairs:

• 10SET_USDT