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Do you want to know if TONIC is just another meme token or if it may be a real project? Here's everything you need to know about Tectonic crypto.
What Is Tectonic Cryptography and How Does It Work?
TONIC is a cryptocurrency that was first released in December 2021. There are 500 trillion TONICs in circulation, and each one costs a fraction of a cent. The following is the distribution based on current token economics — or tokenomics:
The Tectonic team receives 23% of the total.
Airdrops, or currency marketing, account for 0.1 percent of the total.
The environmental reserve receives 13% of the total.
Network security and maintenance receive 13% of the budget.
Community incentives and prizes account for 50.9 percent of the budget.
The Tectonic protocol's native governance token is TONIC. The Tectonic protocol is a DeFi platform that runs on CRONOS, a blockchain that Crypto.com supports.
Lending and borrowing are the two main features of the platform. Suppliers can profit from their assets on the platform in the form of passive income. By offering their own assets as collateral, users can borrow crypto assets for purposes such as staking, yield farming, and short-term trading.
TrueUSD (TUSD), Dai Stablecoin (DAI), Tether (USDT), USD Coin (USDC), Wrapped Bitcoin (WBTC), Wrapped Ethereum (WETH), Tectonic (TONIC), and Cronos are the eight crypto assets that Tectonic now offers for lending and borrowing (CRO).
But what role does the TONIC token play here? Actually, there isn't much of a use case for the token right now. The Tectonic Protocol, on the other hand, aims to incorporate staking in order to reward token holders, secure the network, foster ecosystem growth, and provide TONIC usefulness in the future.
Predictions for Tectonic Cryptocurrency Prices
Two crypto price predictors, Telegaon and CryptoPredictions.com, have made average price projections for TONIC. Both organisations base their price projections on up-to-date market data. Please keep in mind that CryptoPredictions' price predictions are based on their end-of-year projections.
Is It a Good Time to Invest in Tectonic Crypto?
TONIC is one of the most affordable tokens to purchase, with over one billion tokens available for less than $200 at current market values. However, this is not guarantee that TONIC will gain greatly in value, and investors should proceed with care.
On the other hand, if the present crypto market downturn fades and the Tectonic protocol implements activities to boost TONIC token demand, the price of the token could skyrocket
Let TONIC is the native coin of the Tectonic system, which provides decentralised finance (DeFi) lending and borrowing services. Because TONIC is a new token, investors should be wary of price volatility if they decide to purchase it.