TEN

TEN

 TENFI

One of the major selling points for Token Enrichment Network (TEN) is its easy-to-use platform (UI/UX), which gives users an experience unlike any other. Furthermore, TENFI aims at making Defi operations convenient for users with simplified yield farming and staking backed by the most liquid Binance Smart Chain Liquidity pools. So let’s take a closer look at this project.

What is TENFI?

Newbies tend to find Defi generally stressful. Not in terms of the cryptocurrencies but the Defi space itself. Most especially, in this current age of yield farming explosive growth. The problem is that there are many cryptocurrencies out there but not all are trustworthy.

Thanks to TEN’s commitment to exclusively curating and optimizing farms worthy of being used on the TEN platform for users. Users can now be assured of farms of the highest calibre whenever they use the TEN platform.

TEN plans to ease the process by creating a seamless and efficient process of staking assets. By staking assets on the TEN platform, users get to earn high rewards with modest APYs in the easiest and most secure process ever. This further ensures stable growth within the TEN platform, across multiple farming ecosystems. In return, these farms provide users with maximum yields with no risk.

TENFI ecosystem was launched to provide a sustainable and beneficial framework that ensured the ecosystem’s long-term survivability/adaptability. TEN ecosystem can survive, adapt, and evolve with the Defi space growth as time goes on. This advancement provides various high yield opportunities while ensuring the longevity and adaptability of the TENFI ecosystem. The goal of TENFI is to be one of the leading blockchains in the world of crypto

Key features

One of the many unique features of the TEN ecosystem is its Easy-to-Use Interface, which we mentioned earlier. Most of its products will also make use of this distinctive easy-to-use feature to simplify their application systems.

For instance, TEN’s stake and earn function features are a three-click process:

  • Connect your wallet to the platform
  • Click on the liquidity pool you desire to farm
  • Write in the amount of asset you want to stake, then click deposit

The process is completed after clicking deposit. Just as staking is done in three simple steps, so is unstaking of your assets:

  • Reconnect your wallet
  • Click on the liquidity pool used to stake
  • Then click on the claim button.

YIELDEX

Unlike other cryptocurrency projects, TEN’s YIELDEX was created to ease the time-consuming process of pairing and unpairing liquidity pool tokens. With YIELDEX, users can diversify their portfolio into multiple LPs and enjoy yield farming with just a click, provided BUSD or BNB is in the wallet.

The YIELDEX design consists of 5-8 LP tokens according to multiple AMMs, thus, allowing diversification and simplicity while earning LP rewards along with TENFI reward tokens.

  • SLP YIELDEX- Stable LP
  • PLP YIELDEX- Premium LP
  • HYLP YIELDEX- High Yield LP

Since the launch of TEN finance, the team behind the protocol believes that they have helped with the simplification process of Defi. With the new YIELDEX in action, comes the evolution of this simplicity of investing into Defi.

Revenue model

Here are the three tiers under the TEN Lots of the revenue model run by TENFI. With the TEN Lots, investors simply have to stake their tokens to earn passively on the TEN ecosystems.

The three tiers of TEN Lots:

  • Tier 1- 2,500 TENFI (Bronze)
  • Tier 2- 50,000 TENFI (Silver)
  • Tier 3- 250,000 TENFI (Gold)

The total TEN Lots per tier is summed up to be:

  • Tier 1 Bronze (Total)- 30,0000 (75,000,000 Lifetime maximum)
  • Tier 2 Silver (Total)- 1,500 (75,000,000 Lifetime maximum)
  • Tier 3 Gold (Total)- 200 (50,000,000 Lifetime maximum)

Each tier is then broken down further according to the percentage of revenue to be split between TEN Lots holders:

  • Tier 1 Bronze- 30%
  • Tier 2 Silver- 40%
  • Tier 3 Gold- 30%

It is important to have in mind that each wallet has a limit of 1 TEN Lot and each time withdrawal is done from a user’s TEN Lots, the vesting period resets back to zero.

What exactly is vesting?

From the perspective of TEN Lots, by vesting TEN Lots, users gain access to revenue from YIELDEX generated over time. This is to incentivize the token holders of TENFI to hold on to their TEN coins for longer periods as they stand to gain beyond the generated APR and TENFI rewards.

The vesting period is not only essential for the long-term future of TENFI token holders but also the TEN finance evolution and innovation.

The vesting period is shown below.

TIME VESTED %
0-90 days 25%
91-180 days 50%
181-270 days 75%
365 days 100%

TEN coin

TEN coins were launched with no pre-mine or token allocations for the team or anyone else. From day 1, users were given equal opportunity to TEN coins availability for purchasing, staking, farming, and claiming TENFI tokens.

The total lifetime supply of TENFI is reported to be 256,000,000. That is inclusive of 2% of supply provided for purchase directly via https://ten.finance on the launch date before being listed on PancakeSwap. The current price of the TEN token is $0.120183 and it is a daily trading volume of $134,956.

It is advisable to note that the total lifetime supply will decrease due to the TENFI tokenomics of B2B (Buy to Burn). As said earlier, the TEN DEV team was not allocated with any TENFI tokens nor was it pre-mined by anyone. This further assures and convinces investors of the inevitable success of the TEN ecosystem.

The TEN team will only be able to earn their TENFI via TENFI stakeholders. This involves TENFI stakeholders allocating a 17.2% development contribution from the TENFI reward yields earned on the Ten.finance platform.

TEN roadmap

The TEN roadmap shows the promising outline that the TENFI team has for the protocol. Currently, the team is continuing its work on the YIELDEX development, continued effort on Marketing & PR, establishing mutually beneficial partnerships, developing TEN yield (formerly referred to as K-LP or LP4LP), continued research on Cross-Chain staking/farming, the introduction of new vaults, additional DEX LP’s for TENFI, and CEX listing negotiations.

In the future, the team is hoping to achieve the following:

  • Rebalancing Stake Options for RYF (Rebalancing Yield Farm)
  • Staking Yield Performance Charts
  • Possible Cross-Chain Farming
  • Random Bonus Days to APR
  • TENSure Design & Ideation
  • TENLend Design & Ideation
  • TENDEX / TENSwap Research
  • Tier 1 CEX Listing

How to Exchange TENFI on Swapzone?

If you are wondering whether it’s possible to get TENFI at the best rate, then the answer is yes. Swapzone offers you the ability to convert BTC to TENFI without all the hassles of opening an account and verifying it. Here’s you can do it:

  • Step 1. Go to Swapzone.io to get your work started.
  • Step 2. Select BTC in the “Send” section.
  • Step 3. Specify the total amount you are going to transfer.
  • Step 4. Select TENFI in the “Get Up To” section.
  • Step 5. Review the offers on the screen. You will find multiple offers with the best rate listed at the top. You can also see how many minutes it would take for you to complete the exchange.
  • Step 6. Confirm the offer you wish to utilize by clicking “Exchange” and then enter the wallet to receive TENFI.
  • Step 7. Use the generated BTC address to send your BTC deposit.
  • Step 8. Wait for the deposit to be processed by the exchange service and the exchange to be done.
  • Step 9. Do not forget to rate the exchange partner, so we can gather more information on the exchanges for future users.

Popular pairs to convert TEN

Frequently asked questions

What is the TEN exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store TEN?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.