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Tenset

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Discover Tenset's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Tenset?

Tenset (10SET) is a deflationary token on the BNB Chain that powers a technological hub specializing in blockchain. It connects innovative startups with marketing and a global community through its launchpad, providing tools for growth and success. The token is designed to increase in value over time through a mechanism that burns a portion of every transaction fee, reducing the overall supply and rewarding holders.

How is Tenset used?

Tenset (10SET) is a utility token that powers the diverse Tenset ecosystem. It is the native currency for all services within the ecosystem, including the Tenset launchpad, Infinity airdrop platform, NFT marketplace, gaming hub, and more. To participate in launches, users need to buy and lock 10SET tokens from their private wallet. The token is deflationary, meaning it reduces the number of available tokens to boost its value by burning half of the 4% transaction fee it charges. This mechanism rewards loyal holders and supports long-term value.

How do I store Tenset?

To store Tenset (10SET) tokens, you have several options:

  1. Exchanges' Wallets: You can store your Tenset tokens on the wallets provided by the exchanges where you purchased them, such as Binance Wallet or Gate.io Wallet. This is a convenient option, but keep in mind that exchanges' wallets are "hot wallets" and are always online, which makes them more vulnerable to hacking risks.

  2. Crypto Wallets: You can use third-party crypto wallets like Trust Wallet, which supports millions of assets and blockchains. These wallets offer more security and flexibility than exchange wallets.

  3. Cold Wallets: For long-term storage and maximum security, consider using a cold wallet, which is an offline storage method. This is the safest way to store your tokens, as they are not connected to the internet and are less susceptible to hacking.

  1. Hardware Wallets: Another secure option is to use a hardware wallet, which is a physical device specifically designed to store cryptocurrencies securely.

Regardless of the wallet you choose, make sure to follow best practices for securing your wallet, such as keeping your seed phrase safe and using strong passwords.

How to buy Tenset?

To buy Tenset (10SET) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports Tenset (10SET) purchases, such as Gate.io, Coinw, or Bitget.
    • Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
  2. Create an Account:

    • Enter the required information and set a secure password.
    • Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification, which may require government-issued identification documents.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
  2. Buy Tenset (10SET):

    • Use fiat currency to buy a popular cryptocurrency like USDT, ETH, or BNB if supported by the exchange.
    • Transfer the purchased cryptocurrency to the exchange that supports Tenset (10SET) trading.
    • Buy Tenset (10SET) using the transferred cryptocurrency.

Alternatively, you can use a decentralized exchange (DEX) like PancakeSwap, which supports Tenset (10SET) trading. For this, you will need to:

  1. Download a Crypto Wallet:

    • Choose a reliable wallet like Trust Wallet, which supports the BNB Chain network.
    • Download the wallet via Google Play, the iOS App Store, or as a browser extension.
  2. Set Up Your Wallet:

    • Register and set up the crypto wallet via the wallet’s Google Chrome extension or mobile app.
    • Keep your seed phrase safe and note your wallet address.
  3. Buy BNB as Your Base Currency:

  • Buy BNB on Binance or another exchange that supports it.
  • Transfer the BNB to your Trust Wallet.
  1. Connect to a DEX:
    • Connect your Trust Wallet to the DEX, such as PancakeSwap.
    • Trade your BNB for Tenset (10SET).

Remember to always research the exchange and wallet you choose, and be cautious of scams and market volatility.

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History of Tenset

Tenset (10SET) is a cryptocurrency that has been making waves in the blockchain space. The project, which acts as a technological hub, specializes in providing innovative startups with the necessary tools to flourish. This includes connecting them with powerful marketing and a global community through their world-class launchpad, known as the Tenset Gem Launch Platform.

The 10SET token is a deflationary token based on the BNB chain, which powers the diverse Tenset ecosystem. It serves as the native currency for all services, including access to the launchpad, Infinity Airdrop platform, NFT Marketplace, and gaming hub. Users need to buy and lock 10SET tokens from their private wallet to participate in launches.

Tenset enforces real deflation by actively burning a significant number of 10SET tokens to support long-term value and reward loyal holders. A 4% tax is placed on every transaction, with 2% being immediately burned and the other 2% providing sustainable rewards for stakers. The team also makes further burns to reduce the overall supply, which started at a maximum of 210 million tokens.

The project aims to bridge the gap between traditional finance and cryptocurrencies, providing blockchain benefits to established companies. The 10SET token itself acts as a deflationary coin, designed to provide users with more value over time by using a portion of every transaction fee to reward users with more tokens.

The current CEO, Jonasz Miara, is a blockchain entrepreneur and avid investor since 2014. The core team is doxxed and visible on the team page of the website, comprising developers, sales personnel, and legal compliance personnel.

In terms of price history, 10SET launched at around $0.70 and reached an all-time high of $6.00 before experiencing a crypto slump. The current price is around $0.68, with a circulating supply of 39,502,768.872 10SET.

Overall, Tenset (10SET) is a unique project that seeks to integrate traditional finance with the world of blockchain and cryptocurrencies, offering a deflationary token model that rewards users and supports the growth of innovative startups.

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How Tenset works

Tenset (10SET) is a cryptocurrency that operates as an ETF 2.0 token, which means it invests user funds in a combination of traditional stocks and cryptocurrencies. The platform is designed to empower promising projects by providing tech support, marketing, and attention from an active community. Here's how it works:

Launchpad

Tenset has a recognized launchpad where users can participate in early-stage projects with massive potential before they enter the market. To be eligible for the launchpad, users must have an active TGLP subscription or hold a TGLP NFT. Users can subscribe by locking 10SET tokens for a minimum of 365 days, giving them access to all projects launched during that period. The subscription can be renewed for another year to continue access to new launches.

Infinity Airdrops

Tenset offers a unique staking platform called Infinity, which allows 10SET holders to receive rewards from various crypto projects. Users can stake their 10SET tokens and receive daily rewards in the form of the 10SET token. There are two staking options: Regular Staking, which offers only 10SET token rewards, and Premium Staking, which offers additional airdrops of other crypto projects. The rewards are dependent on the trading volume, with 1% of the 2% transaction fee going to 10SET token stakers on Infinity.

Deflation

10SET is a deflationary token, meaning its value is boosted by reducing the number of available tokens. This is achieved by burning half of the 4% transaction fee charged on each transaction. Additionally, there are other burning mechanisms such as buybacks on PancakeSwap, NFT auctions, and whale hunting.

Token Usage

10SET is the utility token of the Tenset platform and is used for all aspects of the ecosystem, including the launchpad, marketplace, airdrop platform, and governance. Users must buy and lock 10SET tokens to access the launchpad or Infinity airdrops platform. Token holders can also participate in community votes on the governance platform.

Blockchain and Availability

Tenset (10SET) uses the Binance Smart Chain and is supported on Ethereum Mainnet. The token is available for purchase on various exchanges such as Pancake Swap, Bitget, Gate Coin, and Kanga Exchange.

NFT Marketplace

Tenset has an NFT marketplace where users can purchase NFTs that provide lifetime access to TGLP. These NFTs come in different tiers, offering varying levels of access to the launchpad and other benefits.

Overall, Tenset (10SET) is designed to provide a comprehensive ecosystem for crypto startups, offering a launchpad, staking platform, and NFT marketplace, all powered by its deflationary utility token.

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Tenset's strengths

The token Tenset (10SET) has several strengths that contribute to its value and potential:

  1. Deflationary Mechanism: Tenset has a built-in deflationary mechanism, where a significant number of tokens are actively burned to reduce the total supply. This mechanism helps maintain long-term value and rewards loyal holders. The token burn process includes a 4% tax on every transaction, with 2% being immediately burned and the other 2% providing rewards for stakers.

  2. Diverse Ecosystem: Tenset operates a diverse ecosystem that includes a launchpad, NFT marketplace, and tech hub, offering a range of services and opportunities for users. This ecosystem is powered by the 10SET utility token, which serves as the native currency for all services.

  3. Strong Community: Tenset connects promising crypto startups with an active community, providing them with tech support, marketing, and attention. This community-driven approach helps foster growth and innovation within the ecosystem.

  1. Launchpad Success: Tenset's Gem Launch Platform has successfully launched notable projects such as Metahero and Everdome, demonstrating its ability to support and promote successful startups.

  2. Wide Availability: 10SET tokens can be traded on both decentralized and centralized exchanges, including popular platforms like PancakeSwap, Bitget, and Gate.io, making it easily accessible to investors.

  3. Security: Tenset has an official security auditor and marketing provider, ensuring that the project maintains high standards of security and transparency.

These strengths collectively contribute to Tenset's value proposition and its potential for growth and adoption in the cryptocurrency market.

Tenset's risks

Tenset (10SET) carries significant financial risks. According to InvestorsObserver analysis, Tenset receives a high risk rating due to its proprietary scoring system, which evaluates how much money is required to move the price over a 24-hour period. This metric assesses recent changes in volume and market capitalization to determine how easily the token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores indicating high risk and high values indicating low risk.

This high risk rating suggests that investors should exercise caution when considering Tenset as an investment opportunity. The token's volatility and potential for manipulation make it a relatively high-risk investment, particularly for those primarily concerned with risk assessment.

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Tenset's ecosystem

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Tenset’s team

  • Jonasz Miara: The founder and CEO of Tenset, who developed the idea behind the project in early 2021. He has a background in psychology in business from the European University of Business.

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