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Tectonic
TONIC

$0.0(6)12
Market Cap
+22.76% $29,983,017
Fully diluted market cap
$60,514,568
Circulating supply
247,733,879,909,099 TONIC
Total supply
247,733,879,909,099 TONIC
Max. supply
-
Volume 24h
+193.46% $812,822
Volume/Market cap (24h)
+2.71%

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Tectonic
TONIC

$0.0(6)12
1D
7D
1M
3M
1Y
ALL
Market Cap
+22.76% $29,983,017
Fully diluted market cap
$60,514,568
Circulating supply
247,733,879,909,099 TONIC
Total supply
247,733,879,909,099 TONIC
Max. supply
-
Volume 24h
+193.46% $812,822
Volume/Market cap (24h)
+2.71%

TONIC Price Calculator

TONIC
USD
1 TONIC equals $0.0(6)12 United States Dollar
Last updated 2024/11/12 07:00:25 (UTC)

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

TONIC Market

TONIC Market Stats

24h Low & High
Lowest Price
$0.0(6)10
Highest Price
$0.0(6)12
All Time High
$0.0(5)40
Price Change(1h)
-0.88%
Price Change(24h)
+23.75%
Price Change(7d)
+108.75%

TONIC Price Live Data

The live price of Tectonic is $0.0(6)12 per (TONIC/USD) today with 24-hour trading volume is $812.82K USD. TONIC to USD price is updated in real-time. Tectonic is +23.75% in the last 24 hours.

TONIC Price Performance

24DAYS
$0.0(8)26
+2.49%
30DAYS
$0.0(7)48
+76.85%
90DAYS
$0.0(7)35
+46.05%
1YEAR
$-0.0(7)66
-37.34%

About Tectonic (TONIC)



Tectonic is a cross-chain money market for earning passive yield and accessing instant-backed loans. Investors can deposit their crypto assets into Tectonic to earn dynamic yield without lockup periods while borrowers can borrow liquidity by supplying their crypto assets as collateral.

Tectonic is modeled after Compound and aims to provide seamless money market functionalities that address several use cases for its users:



* Investors with excess crypto capital can generate additional interest on their idle assets without actively managing them.
* Traders can borrow crypto assets and capitalize on short-term or long-term financial opportunities like staking or yield farming.
* Users can access cryptocurrencies to participate in IDOs without liquidating their underlying collateral.

After its mainnet launch in December 2021 on the Cronos chain, Tectonic plans to increase the number of supported tokens by focusing on assets from EVM-compatible ecosystems. In the future, the project promises to launch leverage yield farming and a governance module for its TONIC token.


## Who Are the Founders of Tectonic?

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, an entrepreneur, hacker, and product designer with a keen interest in blockchain technology. As the former CTO of Crypto.com, Or has over ten years of full-stack engineering experience, in which he oversaw the end-to-end development of crypto products across payment, trading, and financial services.


## What Makes Tectonic Unique?

Tectonic is composed of three core modules within the protocol: an interest rate mechanism, a liquidation module, and a community insurance module.

The **interest rate mechanism** adapts a variable interest rate model similar to that of money market protocols like Compound. Interest rates are algorithmically determined based on the utilization rate and supply and demand in the lending pools. The Tectonic team sets interest rates and other parameters at the beginning of a lending pool, with rates being divided into two stages. Before a threshold of high utilization is reached, interest rates follow a linear curve. After, rates are set according to an upward-sloping curve to reflect the increased demand for liquidity.

The **liquidation module** liquidates its undercollateralized borrowing position and offers a liquidation discount to liquidators to incentivize keeping the system stable. Before a predetermined amount of liquidators is reached, the core team will also act as one of the liquidators. Later, a governance vote will decide if the core team will be removed from its liquidator position.

The **community insurance module** is set to go live in the first quarter of 2022 and is to act as a mitigation tool in case of a so-called _shortfall event_. Tectonic defines this as an event that can harm the protocol’s health, such as smart contract risk, liquidation risk, or oracle failure risk. Users can stake their TONIC and receive stTONIC in return to safeguard the protocol. However, in a shortfall event, their stake may be slashed as the funds are used to mitigate the damage caused. Stakers will also be able to lock their positions for a minimum of 90 days and accrue a share of swap fees from the protocol.


## Related Pages:

Check out Aave (AAVE) — a money market protocol.

Check out Curve DAO — a money market for stablecoins.

Learn about what Crypto Lending is.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.


## How Many Tectonic (TONIC) Coins Are There in Circulation?

Tectonic is powered by TONIC, its native governance and utility token. TONIC holders can stake the token to secure the protocol through its community insurance module and use it to vote on governance proposals after Tectonic has transitioned to a DAO model. Token holders can submit and vote on proposals or delegate votes for proposals following the governance guidelines.

The total supply of TONIC is 500 trillion according to the following token distribution:



* Community (50.9%): participation incentives and liquidity mining / staking rewards
* Team (23%): according to a 48-month vesting schedule.
* Ecosystem reserve (13%): for ecosystem partner collaboration, advisors, and other community initiatives in the future
* Network security (13%): for security audits, protocol operations, infrastructure upgrades, protocol liquidity, listing requirements, and other.


## How Is the Tectonic Network Secured?

Tectonic is built on Cronos, an Ethereum-compatible blockchain launched to run in parallel to the Crypto.org blockchain in a similar fashion to how Binance Chain and Binance Smart Chain work. Cronos is built on the Cosmos SDK, utilizing a proof-of-authority (PoA) consensus mechanism. Furthermore, it also supports the Inter Blockchain Communications (IBC) protocol of Cosmos, allowing it to bridge to the Cosmos ecosystem of DApps.


## Can Tectonic (TONIC) Reach $0.01?

Despite Tectonic’s sound use case and its innovative choice of settlement layer, the extremely high token supply will prevent it from reaching one cent. However, if the cryptocurrency market recovers from its correction at the end of 2021, TONIC could revisit its all-time high of $0.000004029.


## Where Can You Buy Tectonic (TONIC)?

TONIC is available on Crypto.com Exchange and Hotbit.

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

How to Buy TONIC on an Exchange

Step 1: Choose a Reputable Exchange Platform

Select a trusted platform from among many available options for purchasing TONIC. Some reputable platforms include HTXBybitBitget, and others.

Step 2: Register an Account

Here, we'll register an account on the Gate.io(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.

Step 3: Complete Identity Verification

For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.

Step 4: Link Bank or Payment Method

Link your bank account or other payment methods to the exchange platform for making payments when purchasing TONIC.

Step 5: Purchase TONIC

Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of TONIC you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy TONIC.

Step 6: Store Your TONIC

After purchasing, you can choose to store your TONIC in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.

Step 7: Security Reminder

To protect your exchange account and TONIC assets, be sure to use a strong password and enable two-factor authentication.

TONIC Price:Tectonic is a cross-chain money market for earning passive yield and accessing instant-backed loans.The price fluctuates daily, You can go to the exchange: Gate.io to check the price.

Recommended Similar Coins: CRO、SOS

TONIC To Local Currency

Last updated 2024/11/13 00:00:02 (UTC)

How To Buy Tectonic

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Tectonic and help you discover other cryptocurrencies similar to Tectonic.

How to buy?

FAQ

Q
What is the current price of Tectonic?
A
We update our Tectonic to USD price in real-time. Get the live Price of Tectonic on CoinMapAi.
Q
What is the 24 hour trading volume of Tectonic?
A
Over the last 24 hours, the trading volume of Tectonic is $812.82K.
Q
What is the all time high of Tectonic?
A
The all-time high of Tectonic is $0.0(5)40. This all-time high is highest price paid for Tectonic since it was launched.
Q
Where can I buy Tectonic?
A
Tectonic can be purchased on multiple centralized exchanges. Please check our buying guide: buy Tectonic guide.
Cryptocurrency investment activities, including actions done to buy Tectonic online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Tectonic instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Tectonic purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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