Trading is one of the most lucrative ways to earn with crypto. However, it takes years of experience to actually trade profitably. Fortunately, it is now possible to earn profits from trading without actually having trading experience, thanks to Teneo.
The Teneo ecosystem gives users arbitrage opportunities and removes the possibility of a pump and dump as selling pressure from other holders of Teneo tokens doesn’t affect you as a holder. You can even benefit from the transaction fees those sellers pay. This is a revolutionary system that functions, unlike a typical crypto token.
How it works
The Teneo ecosystem has two tokens, the Pegged tenXXX tokens and The Teneo token (TEN).
The pegged tenXXX tokens
The pegged tenXXX tokens serve as a hedge against the volatility inherent in crypto and are pinned to an underlying asset such as WBTC, BTC, or any ERC-20 or BEP-20 token. Assuming it is pinned to ETH, the Teneo automated market maker (AMM) mints a tenETH token every time someone locks an ETH. On the other hand, a tenETH gets burned every time an ETH is unlocked.
You can seamlessly change your tenETH tokens back to ETH at any time at a roughly 1:1 ratio, but a fee of about 1.2% is charged. The fees are redistributed to tenXXX holders and liquidity providers and also used to buy back the Teneo token.
With this design, arbitrage traders can benefit from the Teneo tokens by buying tenETH when the price of ETH goes up on any exchange. They can then exchange it to Ethereum on another exchange and sell it at a higher price. If Ethereum price drops, the price of tenETH is adjusted to that of Ethereum and the token is secured because it is pegged to an underlying asset so there is no pump and dump.
The Teneo token (TEN)
The Teneo tokens (TEN) are used to power the entire Teneo ecosystem. Holders can participate in governance and also stake the tokens in various pools to earn rewards. Pools create a minimum price cap because the tokens have a bound price. As more pools are created, there will be more need for TEN tokens which will drive up demand and price.
Another key advantage is that TEN holders get buybacks from all tenXXX tokens, which makes it deflationary and so has a potential to increase in value. The tokens are also used to mint NFTs in the ecosystem.
The project has passed a security audit by Zokyo with a score of 99.6% and will be launched on 22 February 2022. Interested investors can get in early on any of the following launchpads:
Moonstarter (17 February 2022, 12 PM UTC): https://moonstarter.net
Synapse (15 February 2022, 9 AM UTC): https://app.synapse.network
DuckDAO (22 February 2022): https://duckstarter.io