Teneo DAPP — a multi-level yield generation protocol, based on pegged token trading. Users can exchange tokens for their ten token counterparts and start earning commissions for trading activity. Traders and arbitrageurs can earn on price fluctuations between ten tokens. Liquidity providers for ten tokens earn Teneo, the token that powers the protocol.
About the Teneo DAPP project
Long-term holders as well as traders and other projects can benefit from the extreme volatility of the cryptocurrency markets. The Teneo DAPP project creates a win-win situation for all these parties.
Distinctive features:
| 1 | The tenXXX token is similar to WBTC. This is a token that has the same price as the underlying token at any time. |
| 2 | The main difference from WBTC - the transaction fee, similar to RFI. This will start out at 1.1%, but it can change to find the perfect number for ecosystem benefi. |
The transaction fee is redistributed among all tenXXX holders. A small amount will go to the DAO wallet. At the beginning, it will be 0.2%. These transaction fees may change over time. They will be adjusted to find the perfect balance between fees and trading volume.
The base token can be any standard ERC20/BEP20 token. Synthetic assets such as synthetics from DEUS or SNX can also be locked up and earn TSLA synthetics by holding tenTSLA. The decision on which tokens will be packaged and rewarded is up to the community. Apart from AMM, another important part of the ecosystem - the presence of liquidity pools. With their help, Teneo creates trading pressure in the open market for arbitrage. Once the price of the underlying or tenXXX token changes in one pool, all other pools will follow suit because there are opportunities for arbitrage traders to make a profit.
tenXXX token
The tenXXX token - a protection against the volatility of the cryptocurrency markets. The more volume and volatility in the market, the more rewards will be redistributed among tenXXX holders. Teneo will receive a ransom from all tenXXX ecosystems. These buybacks are redistributed over a longer period among the participants in the liquidity pool. The result of this is an uptrend in the Teneo token itself at a time when the demand for tenXXX and their number are high enough.