Teneo

1. Summary

Ranks

Liquidity

-

Developer

-

Social

83

Momentum (beta)

0

Stack Rank™

-

Price

$0.001275200000 0.0%

Market Cap

$61,317.00 (#7535)

Supply

/

Tags

Binance Smart Chain Ecosystem BNB Chain Ecosystem

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Price
52W High price	$0.07
52W High date	22nd Mar 2022 (2 years ago)
All Time High (ATH) Date	2nd Oct 2024 (4 months ago)
All Time Low (ATL) Date	2nd Oct 2024 (4 months ago)

Supply & Trading Volume
Trading Volume (24h)	$3.00

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Description

Overview

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Overview

Teneo allows long-term holders to take advantage of market volatility without trading themselves through pegged token-pairs with transaction fees. This means that holders of pegged tokens, denoted as tenXXX, can benefit from market movements without actively engaging in trading. When a user mints a pegged token, they initially deposit a base cryptocurrency and receive an equal amount of tenXXX tokens, which are pegged to the original token's value. These pegged tokens can be redeemed for the original token at the pegged price, minus a transaction fee.

How It Works

• Token Pairing: Teneo uses token-pairs, such as tenXXX tokens, which are pegged to the value of the deposited cryptocurrency.
• Minting and Redemption: Users can mint tenXXX tokens by depositing a base cryptocurrency, and they can redeem these tokens for the original token at the pegged price minus a transaction fee.
• Market Volatility Benefits: As market volatility increases, the more volume and volatility in the market translates to more rewards being redistributed to tenXXX holders.

Key Features

• Passive Income: Long-term holders of pegged tokens can earn passive income from market movements without actively trading.
• Transaction Fees: Transaction fees are involved in the minting and redemption processes.

Technical Details

• Contract Address: The contract address for Teneo is 0x25b9d4b9535920194c359d2879db6a1382c2ff26 and is hosted on the Binance Smart Chain (BSC) network.

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