Introducing Tenet — Official Launch and Upcoming Public Sale Details!
We are pleased to announce that Tenet will be conducting our public sale of the TEN tokens on 5th January 2021. It will be carried out on both the Binance Smart Chain and Ethereum blockchains.
Tenet is a cross-chain Automated Market Maker (AMM) connector that provides a decentralized Liquidity Tap for various tokens. The Liquidity Tap is the powerhouse of Liquidity Pools, deploying a dynamic algorithm that provides Liquidity Providers with fairer and more efficient incentives overtime.
Tenet is backed by DREP Signal Labs, a blockchain incubator supported by the DREP Foundation. The development of Tenet V1 has been completed, along with the auditing process by an external vendor.
For more information on Tenet, please refer to the whitepaper. <https://tenet-resource.s3-ap-northeast-1.amazonaws.com/Tenet-WhitePaper-EN-V3.pdf>
Tenet Public Sale FAQ
The TEN token will be based on a deflationary model. Maximum amount of TEN to be issued will be 7,650,000, of which 5,720,000 (75%) TEN tokens will be on Ethereum and 1,930,000 (25%) TEN will be on Binance Smart Chain. The token distribution will be allocated as the following:
Initial Dex/Farm Offering 15%
Initial Liquidity 5%
Ecosystem Fund 20%
A total of 1,500,000 TEN tokens will be allocated for the upcoming public sale. Among them, 500,000 TEN will be sold through Ethereum and 1,000,000 TEN will be sold through Binance Smart Chain.
To participate in the public sale of TEN, you can either:
1. Via Initial Farm Offering (IFO) on PancakeSwap, supported by Binance Smart Chain
2. Via another cooperated platform for Ethereum Users (to be announced soon)
More About IFO On PancakeSwap
Date: January 5th, 2020, Tuesday, 3pm-4pm (UTC+8)
Total Amount to Be Raised: $1,000,000 USD in CAKE-BNB LP tokens (via IFO)
Tokens to Be Sold: 1,000,000 TEN via PancakeSwap (13% of total TEN supply)
IFO Token Price: 1 TEN = 1 USD
Unsold Tokens: All unsold token during the sale will be burned after the sale is completed.
Technology Roadmap of Tenet
1. Has supported users to create Liquidity Tap on any AMM platform based on BSC/ETH and to complete multi-chain smart distribution with one click.
2. Has completed the development of DeFi trading aggregator to fully lower price slippage, with API interface to be opened.
3. Supporting users to create Liquidity Tap on more public chains and supporting multi-chain aggregating trade.
4. Launching borrowing functionality of projects’ idle funds to increase fund utilization rate.
5. Adding current financing functionality for user funds including unwithdrawed mining yields and adding staking to bring down inflation of token.
6. Docking and independently R&D collateral borrowing for altcoins on market of long end.
1. Supporting cross-chain bridging of Liquidity Tap, transferring LP funds automatically between platforms and Pools.
2. Launching callable bonds for projects, used for liquidity and market capitalization management.
3. Docking and independently R&D insurance for earnings of AMM and lending.
For more information on Tenet, visit our website at www.tenet.farm