Tectonic (TONIC) is a non-custodial, decentralized coin market system that allows users to engage as liquidity providers or borrowers. Suppliers supply liquidity to the market in order to earn a passive income, while borrowers borrow liquidity with excessive collateral. 

According to the whitepaper, the asset’s protocol designing and architecture compound is a tried and tested protocol. The platform is complemented by a reward scheme that is powered by the native token of the platform's protocols. TONIC is the native token and ticker symbol of Tectonic. The token has two main uses: governance and staking into the community insurance pool to safeguard the network and earn more rewards. 

The asset’s protocol intends to deliver secure and frictionless cryptocurrency money market functionality to its users, allowing for a variety of use cases.

Furthermore, by providing assets to the protocol, holders can earn additional coins without having to actively manage their holdings. Traders can borrow particular cryptocurrencies to fund their short-term trading strategies (e.g., shorting) or yield maximization strategies (e.g., farming). Users can get access to other cryptocurrencies for a variety of reasons (e.g., to participate in an ICO or to bond) without having to liquidate their original assets.

Also, as a liquidity provider, the platform allows users to supply their cryptocurrencies onto the platform. The Tectonic protocol pools each user's supply into a pool of assets managed by smart contracts, making it a fungible resource for the protocol while also letting users withdraw their supply at any moment.

Finally, liquidity providers receive a corresponding token in exchange for their given assets, allowing them to redeem the assets in the future. The value of tokens continues to rise in line with deposit interest rates, which are determined by the supply and demand of assets. Users can also make use of the asset pools to borrow supported cryptocurrencies for any purpose.

We update our Tectonic to GBP currency in real-time. Get the live price of Tectonic on Coinbase.

The current market cap of Tectonic is £2.434M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Tectonic is £0.0000001491. This all-time high is highest price paid for Tectonic since it was launched.

Over the last 24 hours, the trading volume of Tectonic is £1.925K.

Assets that have a similar market cap to Tectonic include XBorg, Propchain, PlatON, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Tectonic is 248 trillion.