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Tectonic

TONIC

4.9

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Market

Market stats

Market cap

-

Volume (24h)

$21,383.46

Circulating supply

-

All time high

$0.00000137

Price change (1h)

-0.29%

Price change (24h)

+0.58%

Price change (7d)

+7.38%

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Tectonic is on the rise this week.

The price of Tectonic has risen by 7.38% in the past 7 days. The price increased by 0.58% in the last 24 hours. In just the past hour, the price shrunk by 0.29%. The current price is $0.00000013 per TONIC. Tectonic is 90.37% below the all time high of $0.00000137.

The current circulating supply is 0 TONIC.

Ratings

Average ratings from the community

4.9 out of 5

935 ratings

Community

4.9

(315)

Roadmap

4.9

(308)

Usefulness

4.9

(312)

About

What Is Tectonic (TONIC)?

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.

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Reading List

News

Bitcoin Magazine • Sep 20, 23

Bitcoin vs Ethereum: A Culture War Rooted in First Principles

Willem Schroe, founder of Botanix Labs, discusses the reasons why his company is working on a decentralized second layer to bring the Ethereum Virtual Machine (EVM) to Bitcoin.

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BeInCrypto • Sep 20, 23

Axie Infinity (AXS) Price In Recovery Mode - But Will it Last?

Axie Infinity (AXS) holders fiercely defended the $4 support level last week. Can investors avoid another bearish reversal? Axie Infinity (AXS) holders fiercely defended the $4 support level last week. Can investors avoid another bearish reversal?

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CoinDesk • Sep 20, 23

The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M

Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.

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CoinDesk • Sep 20, 23

MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target

Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is nearing its highest price since last May, buoyed by rising protocol profits and large investors accumulating the token.

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The Block • Sep 20, 23

a16z crypto leads $3.6 million seed round for Freatic’s information markets protocol

Freatic aims to build a protocol that can accelerate the flow of investment information from the real world to those who can leverage it.

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CoinDesk • Sep 20, 23

Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport

The world’s largest cryptocurrency generally outperforms in the fourth quarter, returning on average more than 35% over the past nine years, the report said.

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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 $0.00. 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 $0.00000137. 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 $21.38K.

What other assets are similar to Tectonic?

Assets that have a similar market cap to Tectonic include Galatic Kitty Fighters, Wine Shares, Catena X, 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 0.

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.