Earn Trading Profits with Teneo Without Being a Trader

Earn Trading Profits with Teneo Without Being a Trader
фото показано с : zycrypto.com

2022-2-15 14:25

Trading is one of the most lucrative ways to earn with crypto. However, it takes years of experience to actually trade profitably. Fortunately, it is now possible to earn profits from trading without actually having trading experience, thanks to Teneo.

The Teneo ecosystem gives users arbitrage opportunities and removes the possibility of a pump and dump as selling pressure from other holders of Teneo tokens doesn’t affect you as a holder. You can even benefit from the transaction fees those sellers pay. This is a revolutionary system that functions, unlike a typical crypto token.

How it works

The Teneo ecosystem has two tokens, the Pegged tenXXX tokens and The Teneo token (TEN).

The pegged tenXXX tokens

The pegged tenXXX tokens serve as a hedge against the volatility inherent in crypto and are pinned to an underlying asset such as WBTC, BTC, or any ERC-20 or BEP-20 token. Assuming it is pinned to ETH, the Teneo automated market maker (AMM) mints a tenETH token every time someone locks an ETH. On the other hand, a tenETH gets burned every time an ETH is unlocked.

You can seamlessly change your tenETH tokens back to ETH at any time at a roughly 1:1 ratio, but a fee of about 1.2% is charged. The fees are redistributed to tenXXX holders and liquidity providers and also used to buy back the Teneo token.

With this design, arbitrage traders can benefit from the Teneo tokens by buying tenETH when the price of ETH goes up on any exchange. They can then exchange it to Ethereum on another exchange and sell it at a higher price. If Ethereum price drops, the price of tenETH is adjusted to that of Ethereum and the token is secured because it is pegged to an underlying asset so there is no pump and dump.

The Teneo token (TEN)

The Teneo tokens (TEN) are used to power the entire Teneo ecosystem. Holders can participate in governance and also stake the tokens in various pools to earn rewards. Pools create a minimum price cap because the tokens have a bound price. As more pools are created, there will be more need for TEN tokens which will drive up demand and price.

Another key advantage is that TEN holders get buybacks from all tenXXX tokens, which makes it deflationary and so has a potential to increase in value. The tokens are also used to mint NFTs in the ecosystem. 

The project has passed a security audit by Zokyo with a score of 99.6% and will be launched on 22 February 2022. Interested investors can get in early on any of the following launchpads:

Moonstarter (17 February 2022, 12 PM UTC): https://moonstarter.net

Synapse (15 February 2022, 9 AM UTC): https://app.synapse.network

DuckDAO (22 February 2022): https://duckstarter.io

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

trading earn experience profits actually without teneo

trading earn → Результатов: 126


Фото:

BitMEX introduces new EARN and CONVERT products to its ecosystem

BitMEX, a crypto trading platform owned by HDR Global Trading Limited, is announcing the long-awaited add-ons to its ecosystem, namely: Bitcoin EARN and CONVERT. As their names suggest, the products offer users new ways to earn and convert crypto, other than the crypto exchange and derivatives trading services present on BitMEX. The first major product, […]

2022-1-20 16:35


Фото:

The best Binance Smart Chain ecosystem tokens worth buying on December 30: CAKE, BAKE and ALPHA

PancakeSwap CAKE/USD is an automated market maker (AMM) and a decentralized finance (DeFi) application that lets users exchange tokens and provide liquidity through farming and earning fees. BakeryToken BAKE/USD is a part of the BakerySwap ecosystem where liquidity providers get rewarded in BAKE tokens that can be used to earn a share of the trading […] The post The best Binance Smart Chain ecosystem tokens worth buying on December 30: CAKE, BAKE and ALPHA appeared first on Invezz.

2022-1-1 15:00


Relying On Data Analytics Can Help You Avoid Rug Pulls And Scams

A sizable portion of this world’s population has grown to love trading, buying and selling with all kinds of cryptocurrency assets as well as NFTs. This makes sense too as after all, who wouldn’t want to be a part of one of the fastest-growing industries of all time and earn a lot of money while doing so? However, with such popularity also comes the risk of investing in certain cryptocurrency projects which may turn out to be disingenuous and fraudulent.

2021-12-17 19:41


Shiryo-Inu — NFT Trading Card Game

Why did NTF games become so popular? The answer is obvious: they allow people to use the latest developments from the decentralized technology industry through gameplay. Some of these games have become a whole business for crypto enthusiasts and people far from the industry who collect NFT cards, earn internal tokens and sell them on […] Сообщение Shiryo-Inu — NFT Trading Card Game появились сначала на Coinstelegram.

2021-11-18 23:05


Фото:

CoinZoom Aiming to Be a One-stop Shop for Crypto Payments

United States-based cryptocurrency payments app, CoinZoom is aiming to be the go-to platform for both crypto trading professionals and newbies alike. With CoinZoom, users can earn interest on their digital asset holdings, spend their coins with the CoinZoom Visa debit card at over 53 million merchants worldwide and also send and receive cross-border payments withoutRead More

2021-11-16 16:30


MintMe: A new platform to earn through token creation and trading

MintMe believes in the value of ideas, which is why it has created this platform that unites the worlds of cryptocurrencies and crowdfunding through an innovative technological solution. Crowdfunding gives any person or organization that does not have the funds, the opportunity to make their ideas come true, achieving their goals with the support of […] The post MintMe: A new platform to earn through token creation and trading appeared first on NullTX.

2021-11-5 07:43


Idle Mystic – World’s First Play to Earn, 3D NFT Trading Game

Going by recent trends, there is no doubt that NFT trading games are gaining traction globally. Their reach is now well beyond the intersection where the gaming and crypto communities overlap. In fact, the play-to-earn model at the heart of these games has emerged as a breakthrough concept that could (potentially) forever change how video games are played.

2021-10-25 11:49


Фото:

DeFi Protocol Balancer has integrated With the WallStreetBets cryptocurrency app, should you invest in BAL?

Balancer BAL/USD is a popular automated market maker (AMM). It was initially built on Ethereum, where it introduced a self-balancing weighted portfolio protocol.   This protocol essentially allowed anyone to create or add crypto liquidity to customizable pools, where they could, in-turn earn trading fees as a result.

2021-9-10 16:41


Фото:

Bitwise Launched crypto funds for Uniswap and Aave, are the tokens worth buying?

Uniswap UNI/USD is one of the most popular decentralized trading protocols which is known for its role in facilitating automated trading in decentralized finance (DeFi). Aave AAVE/USD is a decentralized finance protocol that allows people to easily lend as well as borrow cryptocurrencies where lenders can earn interest through depositing digital assets into specially created […] The post Bitwise Launched crypto funds for Uniswap and Aave, are the tokens worth buying? appeared first on Invezz.

2021-8-5 01:46


Фото:

Canada’s Largest Green Bitcoin Mining Firm Expands Public Trading With Nasqad Listing

One of the largest Canadian renewable energy-focused cryptocurrency mining firms BitFarms has been listed on the New York-based American stock exchange Market NASDAQ. Cryptocurrency mining firms earn transaction fees in the native token of the specific network such as bitcoin, Ethereum, and Litecoin, for securing and processing transactions on the networks. The firm started as […]

2021-6-23 20:53