Teneo DAPP — a sustainable ecosystem, based on incentives. It allows holders to earn passively and opens up new arbitrage opportunities for those looking for short-term profits.
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 project creates a win-win situation for all of these parties. Teneo's built-in Automatic Market Maker (AMM) allows investors to lock in their cryptocurrencies and mint an equal amount of tenXXX tokens, pegged to the original token, and can always be redeemed at a fixed price - minus a small transaction fee.
There are two types of tokens in the ecosystem:
| 1. | Teneo reward token. |
| 2. | Various tenXXX tokens, for example: tenWBTC, tenETH and others. |
tenXXX tokens are subject to “redistribution,” a valuation process that redistributes fees, collected directly to holders in the same cryptocurrency as the originally minted one. Over time, Teneo will create a story around the NFT with the community, actively involved in building that vision. Therefore, polls will be conducted for the community, such as: decision, what motives are used for the NFT, what structure should be used, what games and stories are built around them, etc.
In the future, Teneo will become the shortest way to connect networks. By rewarding tenXXX:Teneo ($TEN) liquidity providers, a low-slip exchange opportunity for DEX should be created for Teneo holders. By using Teneo ($TEN) as an intermediate token, you can take advantage of low slippage when switching between Teneo systems on different chains, for example: BSC in Matic. Teneo ($TEN) may also be the token you need to access Teneo's cross-chain NFTs. This means that you can only use the NFT bridge if you have a Teneo token ($TEN.
АММ system
tenXXX tokens are minted through AMM for the same amount as the underlying users of the tokens, locked in the AMM reserve, minus the AMM fee. If you deposit 1 ETH, you will mint 0.982 tenETH, which will start accumulating more tenETH as the system reflows. You can return to the original token at any time through AMM. At launch, users will be able to mint ten ETH, and as the total value locked (TVL) and liquidity pools grow, your favorite cryptocurrencies will be added to AMM. The community will be able to vote on the couples they want to add to the system to encourage retention.