Tenset is a technological powerhouse in the blockchain space, dedicated to fostering innovative startups with the tools they need to thrive. As the backbone of its ecosystem, the deflationary 10SET token—anchored on the BNB chain—drives a multitude of services including a launchpad, NFT marketplace, and gaming hub. Widely recognized for launching successful projects like Metahero and Everdome, Tenset doesn't just stop at token utilities. By implementing real deflationary mechanisms, they ensure sustainable value growth and reward loyal holders. With 4% of every transaction either burned or allocated to staking rewards, Tenset stands as a unique beacon for blockchain innovation.
What is Tenset (10SET)?
Tenset is a technological hub specializing in blockchain. They provide innovative young startups with the necessary tools to flourish, while connecting them with powerful marketing and a global community through their world-class launchpad. Tenset Gem Launch Platform is widely respected as one of the top launchpads in the crypto space, having previously launched hugely successful projects such as Metahero and Everdome.
10SET Token
10SET is a deflationary token based on the BNB chain. This utility token powers the diverse Tenset ecosystem, acting as the native currency for all services. This includes access to the Tenset launchpad, Infinity Airdrop platform, NFT Marketplace, gaming hub, and more. To participate in launches, users need to buy 10SET tokens and lock them from their private wallet.
What Makes Tenset Unique?
Tenset enforces real deflation. This means a significant number of 10SET tokens are actively burned 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. Further burns are made by the Tenset team to reduce overall supply. They started with a maximum supply of 210 million tokens, and this final figure is reduced every day.
Tokenomics and Distribution Model
Initial and Current Supply
The initial total supply of Tenset tokens was 210 million. However, due to the deflationary mechanism, the current supply is significantly lower. As of the latest data, the circulating supply is 39,303,656.12 tokens, with a total supply of 158,602,336.72 tokens.
Deflationary Mechanism
Tenset employs a deflationary model to increase its value by reducing the supply over time. This is achieved through regular burns, which permanently remove tokens from circulation. The token burn process includes a 4% tax on every transaction, with 2% being immediately burned and the other 2% providing rewards for stakers.
Token Allocation
The token distribution model includes various allocations for different purposes:
- Block Rewards: 30% of the total supply is allocated to block rewards.
- Liquidity & Market Making (MM): 20% of the total supply is allocated to liquidity and market making.
- Grants & Ecosystem: 10% of the total supply is allocated to grants and ecosystem.
- Team: 10% of the total supply is allocated to the team.
- Marketing & Partnerships: 8% of the total supply is allocated to marketing and partnerships.
- Public Sale (IDO on DAO Maker): 6.5% of the total supply is allocated to the public sale.
- Advisors / Partnership: 6% of the total supply is allocated to advisors and partnerships.
Vesting Periods and Lock-Ups
The tokenomics and distribution model of Tenset involve various parties holding tokens with specific vesting periods, lock-ups, or release schedules. This ensures a controlled release of tokens into the market, preventing sudden inflation.
Market Data
Current Statistics
- Current Price: $0.9863
- Market Cap: $38,766,552.77
- 24h Price Change: 3.38%
- 7d Price Change: 2.09%
- 30d Price Change: 46.56%
- 24h High: $0.9922
- 24h Low: $0.9437
- All-Time High: $6.6774 (2021-05-30)
- All-Time Low: $0.0847 (2022-06-08)
- Circulating Supply: 39,303,656.12
- Total Supply: 158,602,336.72
The Team Behind Tenset
Core Team Members
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Jonasz Miara (Founder): Jonasz is an experienced business leader who ventured into the blockchain and crypto space in 2014. His background and experience in the business sector have been instrumental in leading the Tenset project.
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Mat Milbury (CEO): Mat Milbury is the CEO of Tenset, who recently gave an interview with Disrupt Magazine discussing the importance of auditing in crypto, Tenset's auditing tooling, and how it solves existing shortcomings of auditors. Mat's expertise in the field of cybersecurity and auditing brings a strong foundation to Tenset's mission of enhancing security in the blockchain industry.
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Tenset's Development Team: The development team at Tenset is composed of agile teams of experts who specialize in blockchain solutions, including fungible, semi-fungible, and non-fungible tokens, vesting platforms, and cross-chain solutions. They are responsible for setting up the technological foundations of projects using proven blockchain solutions, enabling projects to launch in weeks instead of months.
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Physical Security Team: Tenset's physical security team comprises professionals with various backgrounds, such as law enforcement, military, cybersecurity, engineering, psychology, and customer service. This diversity allows the team to analyze situations from multiple angles, identify potential vulnerabilities, and devise effective countermeasures.
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Marketing and Community Team: Tenset also has a dedicated marketing and community team that works tirelessly to promote the project and engage with the community.
Notable Advisors and Partners
Tenset has notable advisors, partners, and investors, including brands like Disney, Apple, and Coinbase, as well as football legend Andrea Pirlo and OG crypto advocate Davinci Jeremie. Tenset is also the official crypto partner of these notable figures.
Unique Features and Benefits
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.
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.
Strong Community
Tens
