An exchange-traded fund of second generation is building a bridge between the crypto industry and the stock market - with a platform that allows everyone to have equal access to the best investment products in the world.
Tenset says it plans to deliver the next frontier of DeFi liquidity incentives - eliminating past problems such as manipulationion of the market, high fees, inflation, complexity and exclusivity.
The aim of the project is to bring traditional equity investors into the space of digital assets. All of this comes at a time when interest in crypto is growing on the part of institutions like Tesla and MicroStrategy investing billions of dollars in Bitcoin.
At the heart of the ecosystem is an aggressive deflationary token known as 10set, which includes a basket of cryptocurrencies that generate passive income through staking. While some of these digital assets will be stable and well-established coins, innovative assets that could shake up the crypto-economy in the years to come will also be included. Members of the community will also have a contribution to the selected pieces - and in the future, it is hoped that artificial intelligence will play a role in detectingpromising projects.
Profits that are generated will then be used to redeem 10set tokens at exchanges, which will then be burnt to create deflation. It is hoped that this will help create a shortage in the years to come.
Tenset also plans to improve its passive income stream pool by hand-picking stocks of established companies that pay
The 10set token has other distinctive attributes that help it serve as an asset deflationary. Homeowners can stake their assets without freezing them or storing them in a gatespecial sheet. Every transaction made using 10set tokens incurs an automatic fee of 2%. While half of the funds generated from this charge are automatically burned to reduce overall broadcast, the other half is distributed to users to encourage hodling. Uniswap liquidity pools and exchange wallets will be blacklisted after receiving these incentives to ensure that traders get 100% of the income generated. More information from Tenset here
An ambitious roadmap has already been established for the coming year, with 10set to be listed on Uniswap next month. The project will also participate in Blockchain Week Rome 2021 to raise awareness of its concept. New alliances and strategic partnerships will be unveiled in the second quarter of 2021, and the alpha version of its mobile will come out.
The third quarter will see the 10set buyout and burn for the first time, and new features are coming to the Tenset network. The finalized version of its mobile app is also expected to be released. At the end of the year, loans will start to be offered through this app, improvements will be made to the company's staking platform, and stock market pidends will be automated.
A global presale for 10set tokens is dry is expected to start on March 7th. Learn more about Tenset
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