|All Time High:|
|Market Cap: |
|The price of #TONIC today is $0.000000159 USD.|
The lowest TONIC price for this period was $0, the highest was $0.000000159, and the exact current price of one TONIC crypto coin is $0.00000015944.
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 ETH and how the supply affects the price of TONIC at different market capitalizations.
|The code for Tectonic crypto currency is #TONIC. |
Tectonic is 1.4 years old.
|The current market capitalization for Tectonic is $35,902,535.|
Tectonic is ranked #352 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #TONIC.|
Today's 24-hour trading volume across all exchanges for Tectonic is $17,911.
|The circulating supply of TONIC is 225,173,770,735,017 coins, which is 45% of the maximum coin supply.|
Tectonic has a relatively large supply of coins, 1,852,370 times larger than Ethereum's supply, as an example.
|TONIC has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 2 crypto exchanges.|
Isolated Pools: Launch of LCRO Pool
This article was written in partnership with Veno Finance. GM fam! After much rumbling about isolated pools, it is finally here! We’re very excited to be bringing this feature to Tectonic as it opens the door to more token listings on the platform. This also means that users will have more to choose from based on specific risk appetite or token preference. For more details, check out our gitbook on how isolated pools work. The first isolated pool will be in partnership with Veno Finance, the leading liquid staking protocol on Cronos. This article will give examples of different strategies that users can choose to employ to take advantage of the rewards available. What is Veno Finance? Veno Finance is a liquid staking protocol where you can stake CRO and receive the auto-compounding, yield-bearing receipt token LCRO. The LCRO token is designed to maximize composability. Just by owning LCRO, you automatically accrue the CRO staking yield; LCRO can thus be used freely across the Cronos DeFi ecosystem. Tectonic’s LCRO Pool will be one of many ways to leverage on the composability of the liquid staking token. What are the different strategies for this LCRO Pool? There are 4 possible ways you can be rewarded for using the LCRO Pool. Be a yield farmer on Tectonic;, Use your tTokens to earn more rewards on Veno Finance;, Earn staking rewards from holding LCRO ; or, Be a liquidity pool provider on Ferro Protocol, 1.Be a...
Tectonic Isolated Pools
Why isolated pools and how does it work? In our last roadmap update, we mentioned that Tectonic is working on Isolated Pools. Today we are excited to share that the Isolated Pools feature is almost ready. We have sent the contract for audit and are in the final stages of testing. We like to take this opportunity to share with you why Tectonic is building Isolated Pools, how it works and how it will bring Tectonic to the next level. — Expanding Markets - Lending and Borrowing are the core functions of Tectonic. To build up a vibrant money market, there needs to be frequent addition of crypto assets, expanding the markets. This provides more choices for users thus adding liquidity to the protocol. Tectonic is the leading money market on Cronos and builds on the foundation of a Single Cross-collateral Pool. In a Single Cross-collateral Pool, all assets are stored in a single pool, users can deposit supported assets to earn interest or borrow. However, when it comes to adding new token listings, it also comes with respective risks and challenges that must be considered before being implemented. This is because smaller cap tokens with lesser liquidity on-chain and higher volatility are especially prone to high fluctuation (and even price manipulation) which introduce risk to the entire protocol’s TVL. Due to these concerns, we have been conservative in listing smallcap tokens and instead prioritized blue-chip assets wi...
Introducing NFT Staking to boost your maturity vault multiplier
Happy 2023 Tectonians! Thank you fam for all the support so far. We would like to kickstart this year with NFT Staking, which will allow you to boost your xTONIC Vault earnings. What is NFT Staking and how does it work? Going forward, users will be able to stake NFTs (from approved partners) onto their maturity vaults. A key incentive for staking your NFT is to boost your vault multiplier so as to receive more rewards! Here’s how NFT staking on Tectonic works: Stake a maximum of 5 NFTs on any 1 maturity (e.g. you can stake 5 NFTs on your 6 month xTONIC vault), Each NFT can only boost 1 maturity (this means a user can stake a maximum of 20 NFTs across all 4 maturities), The maximum NFT boost multiplier will be 1.5x, We use this formula to determine your boosted rewards based on the number of NFTs staked: Final Boost Multiplier = Vault Multiplier * (1 + min(1.5x, sum(NFT Boost Multiplier))) Ultimately, the more NFTs you stake and the longer the vault maturity (vault maturity determines vault multiplier), the higher your final boost multiplier will be. In order to utilise this new feature, you will need to fulfill the following prerequisites: Have xTONIC tokens of any amount locked in a vault of any maturity, Be an NFT holder of any of our approved partners, Our first NFT partnership is with the Cronos Cruisers collection. We will be looking to add more approved partners in the future, so stay tuned for more updates...
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...
More Tectonic (#TONIC) News
|Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Sin...
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting for 17.18% of the total.Ethereum Dominates Defi With Over 60% of TVL, While Tron and Binance Smart Chain Battle for Second Place
In the past 24 hours, the entire cryptocurrency market has risen more than 5% against the U.S. dollar, and the market capitalization of the top smart contract platform tokens has increased by 7%. During the same period, ethereum increased by 6.5%, BNB rose by 4.2%, cardano increased by 2.4%, and polygon rose by 8.3% against the U.S. dollar. Solana saw a 3.9% increase, polkadot rose by 3.6%, and avalanche gained 5.7%.
The aforementioned price increases have propelled the total value locked (TVL) in decentralized finance (defi) above the $50 billion mark for the first time since Nov. 8, 2022. As of Feb. 16, 2023, statistics show that the TVL is approximately $51.1 billion, with $8.78 billion held by Lido. Lido is the largest protocol in terms of TVL, capturing 17.18% of the total. The liquid staking protocol is followed by Makerdao, Curve, Aave, and Convex Finance, respectively.
This week, more than 60% of the total value locked in defi, amounting to $30.98 billion, is tied to Ethereum. Tron is the second-largest blockchain in terms of TVL size, c...