Topic: [ANN] [TEN] Teneo - Earning by HODLing (Read 89 times)

Name: Teneo Finance

About Teneo Finance:

Teneo creates a Win-Win situation for traders and hodlers, which usually work against each other. With Teneo they don’t have to. Teneo does this by implementing a trading layer on the market of a pegged token. It’s like holding shares of an exchange and earning rewards from the trading volume.

Watch our introduction video to understand Teneo in 3 minutes:

https://www.youtube.com/watch?v=GtYA2BV_RtQ


How Teneo Finance provides a Win-Win-Win Situation for Everyone?

Teneo creates pegged tokens like WBTC for BTC. The difference between WBTC and a possible tenWBTC (the newly created token from the Teneo ecosystem) is that tenWBTC has a transaction fee.

WBTC's price is not much different from BTC’s price because arbitrageurs balance between the different market makers like Uniswap, Sushiswap, Kyber, etc.

How the whole system works?

Teneo is a multi-layered yield generation protocol based on the trading of pegged-tokens. Users can swap tokens for their ten-tokens counterpart and start earning fees generated from trading activities. Traders and arbitrageurs can earn from price deviations between ten-tokens. Liquidity providers for ten-tokens earn Teneo, the token powering the protocol.


There are two kinds of tokens in the ecosystem:

1. The Teneo token, a reward token.
2. Different tenXXX tokens, e.g. tenWBTC, tenETH, ten…

Let’s start with tenXXX: A tenXXX is a pegged token like WBTC.

In this example we use ETH:

Every time someone locks an ETH, an Automated Market Maker (AMM) mints a tenETH token and in reverse, every time an ETH is unlocked a tenETH gets burned.
Therefore the exchange ratio of ETH:tenETH is nearly 1:1 at any time.
It is only “nearly” 1:1, because there are transaction fees. The whole system benefits from these fees. They are used to buy back Teneo and mainly are redistributed to the liquidity provider of the tenXXX token. But any other transaction fee will also be redistributed to every holder of the tenXXX token in the form of a tenXXX token. We call them reflows.

What is the USP of tenXXX Tokens?

The tenXXX Token is a hedge against the volatility of the crypto markets. The more volume and volatility in the market, the more rewards will be redistributed to the tenXXX holders.

What is the USP of the Teneo token?

Teneo will get buybacks from all tenXXX ecosystems. These buybacks are redistributed over a longer period back to the liquidity pool token stakers.
The result of that is an upper trend for the Teneo token itself at the point when the demand of tenXXX and the quantity of them are high enough.

How to use the Teneo Dapps?

You can follow the Teneo Dapps tutorial to get a brief understanding of how the Dapps work:

https://www.youtube.com/watch?v=PHs75DJfgJ0


IDO Platforms:

Recently we had our IDO on 5 platforms where Teneo Tokens were sold off almost instantly within a couple of hours and sometimes minutes. The IDO platforms where we conducted our IDO are:

TruePNL
Synapse Network
Moonstarter
Lithium
Duckstarter

Links:

Website: https://teneo.finance

Twitter: https://twitter.com/TeneoFinance

Telegram: https://t.me/TeneoFinance

Medium: https://medium.com/@teneofinance

Reddit: https://www.reddit.com/r/TeneoFinance

Discord: https://discord.gg/GVvGyVvkhs

YouTube: https://www.youtube.com/c/TeneoFinance