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Tectonic (TONIC) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

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Tectonic

TONIC

About Tectonic

Tectonic, also known as TONIC, is a cross-chain money market protocol that strives to provide a platform for passive yield generation and instant-backed loans. Users may deposit their crypto assets into Tectonic for potential dynamic yield without lockup periods. At the same time, borrowers may utilize liquidity by supplying their crypto assets as collateral. Tectonic's protocol design and architecture are modeled after a proven and audited protocol. It is complemented with an incentive program powered by TONIC, the native token of Tectonic protocol. Tectonic seeks to provide seamless money market functionalities, enabling multiple use cases for its users.

Tectonic operates through three core modules within the protocol: an interest rate mechanism, a liquidation module, and a community insurance module. The interest rate mechanism adopts a variable interest rate model similar to that of money market protocols. Interest rates are algorithmically determined based on the utilization rate and supply and demand in the lending pools. The liquidation module liquidates undercollateralized borrowing positions and offers a liquidation discount to incentivize system stability. The community insurance module, which went live in the first quarter of 2022, acts as a mitigation tool in case of a shortfall event that can harm the protocol’s health.

Tectonic seeks to address several use cases for its users. Investors with excess crypto capital can generate additional returns on their idle assets without actively managing them. Traders may borrow crypto assets to capitalize on short-term or long-term financial opportunities. Users can also utilize cryptocurrencies for multiple purposes, such as participating in Initial DEX Offerings (IDOs), without having to liquidate their original assets. Tectonic has launched leverage yield farming and a governance module for its TONIC token.

Tectonic was incubated by Particle B, a startup accelerator dedicated to incubating projects built on Cronos and the Crypto.org chain. It was founded by Gary Or, a former CTO of Crypto.com, who has over ten years of full-stack engineering experience. Tectonic launched its mainnet in December 2021 on the Cronos chain and has increased the number of supported tokens by focusing on assets from Ethereum Virtual Machine (EVM)-compatible ecosystems. Tectonic is powered by TONIC, its native governance and utility token, which holders can stake to secure the protocol and use to vote on governance proposals.

Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$18.7M

Volume (24h)

$12,548.58

Circulating supply

247.7T TONIC

All time high

$0.00000020

Market performance

Price change (1h)

-0.36%

Price change (1d)

-2.8%

Price change (1w)

-4.06%

Price change (2w)

-0.13%

Price change (1m)

-4.4%

Price change (1y)

-32.81%

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Tectonic is on the decline this week.

The price of Tectonic has decreased by 0.36% in the last hour and decreased by 2.80% in the past 24 hours. Tectonic’s price has also fallen by 4.06% in the past week. The current price is $0.00000008 per TONIC with a 24-hour trading volume of $12.55K. Currently, Tectonic is valued at 62.33% below its all time high of $0.00000020. This all-time high was the highest price paid for Tectonic since its launch.

The current circulating supply of Tectonic is 247,733,879,909,099 TONIC which means that Tectonic has as total market cap of 247,733,879,909,099.

FAQ

What is the current price of Tectonic?

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

What is the market cap of Tectonic?

The current market cap of Tectonic is $18.66M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tectonic?

The all-time high of Tectonic is $0.00000020. This all-time high is highest price paid for Tectonic since it was launched.

What is the 24 hour trading volume of Tectonic?

Over the last 24 hours, the trading volume of Tectonic is $12.55K.

What other assets are similar to Tectonic?

Assets that have a similar market cap to Tectonic include Kwenta, Deeper Network, PARSIQ, and many others. To see a full list, see our comparable market cap assets.

How many Tectonic are there?

The current circulating supply of Tectonic is 248 trillion.

Can I buy Tectonic on Coinbase?

No, Tectonic is not currently available on Coinbase, but you can sign up to get the latest news on Tectonic and be notified when it gets added to our exchange.