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TONIC

Tectonic  

#TONIC

TONIC Price:
$0.000000228
Volume:
$98.6 K
All Time High:
$0.00000386
Market Cap:
$29.1 M


Circulating Supply:
127,534,612,791,730
Exchanges:
2
Total Supply:
500,000,000,000,000
Markets:
3
Max Supply:
500,000,000,000,000
Pairs:
3



  TONIC PRICE


The price of #TONIC today is $0.000000228 USD.

The lowest TONIC price for this period was $0, the highest was $0.000000228, and the exact current price of one TONIC crypto coin is $0.00000022779.

The all-time high TONIC coin price was $0.00000386.

Use our custom price calculator to see the hypothetical price of TONIC with market cap of BTC and how the supply of TONIC affects the price at different market capitalizations.


  TONIC OVERVIEW


The code for Tectonic crypto currency is #TONIC.

Tectonic is 1.1 years old.


  TONIC MARKET CAP


The current market capitalization for Tectonic is $29,051,253.

Tectonic is ranking upwards to #408 out of all coins, by market cap (and other factors).


  TONIC VOLUME


There is a modest volume of trading today on #TONIC.

Today's 24-hour trading volume across all exchanges for Tectonic is $98,609.


  TONIC SUPPLY


The circulating supply of TONIC is 127,534,612,791,730 coins, which is 26% of the maximum coin supply.

Relatively, Tectonic has a large supply of coins, 5,797,028 times larger than Bitcoin's supply, for example.


  TONIC BLOCKCHAIN


TONIC is a token on the Cronos blockchain.


  TONIC EXCHANGES


TONIC has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 2 crypto exchanges.


  TONIC RESOURCES


Websitetectonic.finance
Whitepapertectonic.gitbook.io/docs/introduction/what-is-tect...
TwitterTectonicFi
TelegramTectonicOfficial
DiscordjqaxqK7KBR
Medium0xTectonic


  TONIC DEVELOPER NEWS



Protocol Updates for Year 2

GM Tectonians! It’s been a year since we launched the protocol, and this means it’s also time to update our token emission schedule for Year 2. Based on the TONIC release schedule designed at launch, we will be adjusting subsidized incentives emissions by about two-thirds for the second year. Going forward, the remaining TONIC incentives will be distributed linearly over the next 4 years. The planned TONIC incentives change will take effect on 7 February 2023. Please read on more below to learn about the rationale and how it can benefit the Tectonic community! What does this mean for you? In our first year of operation, token emissions were a key bootstrapping mechanism in order to incentivise supplying and borrowing. At that point, fees alone were not enough to incentivise participation. However, as the protocol has matured and grown in TVL, we have also been actively building up the use cases for Tectonic and TONIC tokens, which will give our community more ways to be rewarded! As shown in the chart below, part of the TONIC allocation was set aside for liquidity mining and staking rewards (within Community Incentives). In line with our release schedule, the emission rate for such incentives will slow down from year 2 onwards. This means that total daily rewards for platform users will be impacted, including the TONIC rewards for supplying and borrowing as well as for our xTONIC vaults. More importantly, this means th...




Tectonic is launching Ambassador Program

Gm fam! Tectonic has been growing with Cronos Chain at an exponential rate since we launched in Dec 2021. Our team is ambitious to improve and expand our platform continuously. To achieve that, we couldn’t do this without our community! We are launching the Ambassador Program to seek active yet helpful folks who share the same vision with us, to drive the community growth and assist other members. What will you do as a Tectonic Ambassador? Work closely with the team on escalating community issues or feedbacks, Provide valuable insights on latest web3.0 & DeFi development, Educate and promote our product to community members, Assist in organising and coordinating various community events, Manage our community channels on Discord & Telegram, If you are interested, please feel free to complete this application form or reach out to our CMs on discord and telegram for any questions. Click this link to apply for Tectonic Ambassador Progr




Tectonic | Roadmap Update

GM Tectonians! It’s been almost 1 year since we broke ground on a money market protocol that has become a key pillar of the Cronos ecosystem. We’ve had so much fun in the process, and are grateful for the amazing support from all of you along the way. As we approach our anniversary, we are excited to share our upcoming plans for the next 3 to 6 months. This roadmap prioritizes features that balance utility as well as feedback from our community. Before we dive in, let’s quickly recap on what we have delivered so far! Last quarter, we hit most of our targets. We are currently still working on a few items, which are in collaboration with our partners. This includes the launch of “Liquidation Threshold Notifications”. We are working with the Cronos ID team to expand on this to include other types of notifications (detailed more in the Notifications Services section below). Isolated lending pools During our AMA session in August, many of you expressed interest in adding more markets to the platform. We recognise that expanding our token listing is key to maintaining our position as the foremost lending protocol on Cronos. However, the decision to add new tokens cannot be taken lightly, as it may add a new source of risk to all token markets. Smaller cap tokens with lesser liquidity on-chain and higher volatility are especially prone to high fluctuation (and even price manipulation). Due to these concerns, we have been...




Protocol Updates: Changes to our Token Emissions Schedule and Launch of Maturity Vaults

GM Tectonians! Today we are excited to announce the launch of our Maturity Lock Vaults! It has been 9 months since our launch of Tectonic, and we continue to build for the longer-term, while keeping our strategy nimble in the near-term to respond to any challenges encountered along the way. To combat the recent downturn in the industry and to further focus on the long-term sustainability of the protocol, we will be lowering the amount of planned community incentive emissions for Year 1 by around 1% of the total TONIC supply. Cutting a portion of Year 1 token emissions does not mean that we intend to keep them for ourselves — instead, it will allow us to build up our war chest to take advantage of opportunities when the time is right. This additional buffer means that we will have more firepower at our disposal for when we launch new features for users of Tectonic in the near future. What’s next for Tectonic? So far, users have been able to enjoy additional yield, including a share of the protocol’s revenue, by staking TONIC for xTONIC. Now, we’re taking this a step further with the introduction of Vaults! Using Maturity Vaults, users can lock their xTONIC into fixed time periods and earn TONIC. There will be a range of maturities to choose from, including 6 months, 12 months, 24 months and 48 months, and these xTONIC tokens will only be released following the completion of the relevant period. To reward our lon...




Tectonic AMA Recap

Check out the AMA Q&A below! Thank you all for joining the AMA on 9 Aug. It is really great chatting with you guys! For those who couldn’t join us, here is a recap of the session’s questions and answers. Q: Do you like us? Are we alone in the universe? Of course we do! Words couldn’t express how much we love you guys. Without Tectonians, this project will never be successful so basically you guys are the centre of the universe. In terms of project positioning, we are incubated by CronosLab and we are sitting in one of the top chains, along with a couple industry leading projects. We are all going to grow together along with the Cronos chain! So we are not alone! WAGMI! Q: Are you planning to introduce new coins in the current list? Absolutely. We are having conversations with several protocols to collaborate and add their native tokens to the markets so that TONIC can potentially reach out to more users in different ecosystems while giving Tectonians more options to lend and borrow. Q: Currently, no project in the crypto market can remain indifferent to the NFT trend. Do you have any NFT plans and its integration ahead in the roadmap? Does Tectonic Finance plan to transfer the opportunities provided by NFTs to its users ? This is an interesting question. Personally, I would love to have one as a PFP but it is easier said than done. It is because we would need to have well-thought-out tokenomics as well as utili...




Tectonic | Roadmap Update

The road ahead with the latest roadmap Gm Tectonians, Your questions have been heard! We understand that you are excited about Tectonic and eager to hear more about what we have been cooking up. We are happy to share and get you up to speed! We have spent the past weeks gathering data on customer pain points and hashing out the following roadmap for the rest of the year. As a quick recap, we launched phase 1 to pilot and launch mainnet. We then introduced how to mint the xTONIC token by staking (kaching!) with great fanfare and delight! Also, a special shout out to those that also participated in the airdrop. As we have expanded utilizing an aggressive asset onboarding strategy, we have quickly climbed up the leaderboard to be the top money market in the Cronos ecosystem with a total supply of $454M and total borrows of $188M ($ 266M TVL) (as of 30 June 2022). To continue with phase 2 and during this time of rising interest rates from central banks, Tectonic aims to continue building additional community incentives (i.e. maturity vaults, reward bounty, etc.) to offer competitive interest rates with attractive liquidity incentives. In addition, we intend to also make conservative efforts to build, while adding security features to bolster and expand our product portfolio to not only help guide but also reward our loyal fans for coming along with us on the journey. — Maturity Lock Vaults. — Staking TONIC for xTO...




Introducing $TONIC Staking Rewards

Introducing $TONIC Staking Gm Tectonians, we have been hard at work over the past weeks building the TONIC staking module. We are excited to announce that we are now in the final stages of review by our external security auditors and it will be live when the audit is complete. In this article, we provide an overview of the TONIC staking module and how you can earn staking rewards. Let’s dive in!What is TONIC Staking? For Tectonians who have been with us for a while, you will know what TONIC staking is, how it creates massive token utility and how you benefit from it as a token holder. For new Tectonians, a quick summary:TONIC staking is an upcoming feature on Tectonic allowing TONIC holders to deposit their tokens into the TONIC staking module, in return for yield rewards.Here’s the general idea: stakeholders receive rewards, including a share of protocol revenue generated from fees paid by borrowersTONIC staking will drive further utility for the TONIC token, it seeks to align incentives with the long-term believers of our protocol and benefits token holders.Other uses for staked TONIC include acting as community insurance if a shortfall event occurs and will eventually be used to vote on Tectonic’s governance proposalsStaking is a standalone feature and not the same thing as our TONIC money market. TONIC staking will initially launch with staking rewards and the other use cases, community insurance and governan...




Tectonic Mainnet Launch

Tectonic Mainnet will launch on December 23rd, 2021. — Mainnet Overview What is Tectonic Tectonic is a decentralised cross-chain algorithmic money market built on the Cronos blockchain. Tectonic allows users to lend and borrow crypto assets, with corresponding interest rates that are determined algorithmically based on the supply and demand of those assets. Support the Tectonic Mainnet launch by getting your assets ready to supply and/or borrow on Tectonic once we go live 🌋. If this is your first time reading about Tectonic, you may find out more about Tectonic in our Litepaper or Gitbook documentation.Mainnet Launch Detail After many months of building and testing, we are extremely excited to finally launch the Tectonic Mainnet. Tectonic Mainnet will launch on December 23rd, 2021. Users can expect the Mainnet to go live between 06:00–09:00 UTC. — Transitioning from Alpha to Mainnet. — If you are currently part of the Tectonic Alpha Launch, you do not have to shift your funds as the protocol will automatically transition from Alpha to Mainnet. Additionally, we will soon be making an announcement of the addresses eligible for the Tectonic Alpha incentivized tester rewards. — Available assets to lend and borrow. — USDC, USDT, DAI, ETH, WBTC, CRO — TONIC Emission Rewards. — TONIC emissions will begin shortly after Tectonic Mainnet goes live. Suppliers and borrowers will b...




Tectonic Alpha Launch

After months of seismic rumbling caused by the “soon”-dance ritual, the Tectonic lava core is finally at its peak. We are extremely excited to make this announcement today: Tectonic Alpha will launch on December 15th, 2021 at around 10:00–14:00 UTC. Yes you read that right, we are finally less than a day away from the Alpha launch. Note: Website links to Tectonic Alpha will be revealed nearer to launch hour — Article Overview. — What is Tectonic AlphaEligibility & Supply Cap RestrictionsIncentivized Tester RewardsStep-by-Step Guide on how to use Tectonic AlphaWhat is Tectonic Alpha? In order to ensure that the Tectonic mainnet launch goes smoothly, we are launching the Tectonic Alpha first to battle test the protocol. The Tectonic Alpha will be an incentivized testing phase limited to 500 whitelisted users. The Tectonic Alpha Launch whitelisting phase has already ended, you can find the list of winners here. — Duration. — Start Date of Tectonic Alpha: December 15th, 2021 at approximately 10:00–14:00 UTCEnd Date of Tectonic Alpha: Until Tectonic mainnet launch (Approximately 4th week of December) — Available assets to lend and borrow. — USDC, USDT, ETH, WBTC, CRO — Important note: No TONIC emissions during Tectonic Alpha. — TONIC emissions will only begin during Tectonic mainnet launch. This means that during Tectonic Alpha, the assets that you supply will on...




TONIC Tokenomics and Airdrop

A brief overview of our plans for $TONIC, the governance token for Tectonic, and details on how it will be distributed to the Cronos community. — Our Tectonic lava cores are overflowing as our Mainnet launch nears. A lot of you in the “Soon” community have been asking us “Wen $TONIC”, so this post should help to finally address that! We are excited to announce the next milestone for the Tectonic protocol. We will be launching the $TONIC governance token in conjunction with Tectonic’s launch on Mainnet.How to get $TONIC? We’ve made it really simple for you to get your hands on some juicy $TONIC:Liquidity Mining: Earn $TONIC bonus rewards paid out per block for supplying liquidity and borrowing from the protocol — once Tectonic Mainnet goes live to the public (after Alpha period ends). More on this will be explained as we get closer to Mainnet.Airdrop: Through an airdrop to VVS token holders that will happen in January 2022. You may be wondering why we have decided on the approaches above. As long-time BUIDLers and users of DeFi, we understand that at the heart of every successful and resilient protocol is a strong and passionate community. In that spirit, we have not done any private pre-sales and have decided against doing a sale (of any kind) of $TONIC tokens at genesis. Rather, a portion of $TONIC supply will be airdropped to $VVS token holders and stakeholders. We have decided to partner with V...



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