Tectonic offers investors a way to generate passive income from their crypto assets and provides borrowers with secured loans in an instant. This has made Tectonic very popular among crypto users.
Many investors are speculating that the price of Tectonic’s TONIC token could soar due to the platform’s growing popularity. In this Tectonic (TONIC) Price Prediction article, we will explore how much the token could potentially increase in value.
This article provides a comprehensive overview of Tectonic (TONIC) for those who are unfamiliar with it. We include information about where and how to purchase TONIC, as well as a forecast of its price from 2023 to 2030 to help you decide whether it is a worthwhile investment.
What is Tectonic (TONIC)?
Tectonic is a protocol that makes it possible for people to lend and borrow money on a decentralized network. It provides an easy way for users to access more financial options, allowing them to become liquidity suppliers or borrowers in a cross-chain money market.
Tectonic runs on Cronos, a blockchain that is compatible with Ethereum. It is designed to run alongside the Crypto.org blockchain, similar to the way Binance Chain and Binance Smart Chain operate.
Tectonic enables investors to earn a passive yield on their crypto assets and provides borrowers with instant-backed loans. Investors can deposit their cryptocurrency into Tectonic to earn dynamic yield without any lockup period, while borrowers can access liquidity by using their crypto assets as collateral.
Tectonic is modeled after Compound, offering seamless money market functionalities to address multiple user needs: investors can generate extra interest from their idle crypto assets; traders can borrow crypto assets to capitalize on short- or long-term financial opportunities such as staking and yield farming; and users can access cryptocurrencies for IDO participation without cashing out their collateral.
Fundamentals of Tectonic:
Supplying Assets to Tectonic
Tectonic enables users to stake their crypto assets on the platform as a liquidity provider.
The protocol collects and pools the assets supplied by each user, managed by a smart contract. As a reward, users receive tToken (e.g. tETH and tUSDC) which entitles them to redeem their staked assets at any time.
tToken’s value will rise over time, reflecting the deposit interest rates determined algorithmically by the supply and demand of the assets.
Borrowing Assets from Tectonic
Tectonic enables users to borrow any of the cryptocurrencies supported by the platform from its asset pool. By using their supplied assets as collateral, users can borrow up to 75% of the value of their collateralized assets.
What if the value of the collateralized asset drops? Or will the value of the borrowed asset increase? If the value of the collateralized asset decreases or the value of the borrowed asset increases, some of the outstanding borrowings may be liquidated. The amount liquidated will be the current market value, minus any applicable discounts. Depending on the type of asset and market conditions, the borrowed asset may be liquidated. Users can avoid a liquidation event by providing more collateral or by repaying part of their loan. Interest is applied to the loan, and users can make repayments at any time.
The Tectonic team determines the collateral factor for each asset based on various characteristics, including the availability of reserves and the asset’s liquidity in the market. As the protocol develops and the necessary procedures are established, the governance of these parameters will be open to the community through the Tectonic governance process.
Liquidity Cushion
A 10% cushion for collateralized assets is being implemented to prevent accidental or unwanted liquidation. This cushion rule also applies when withdrawing collateral. This means that your new Loan-to-Value (LTV) ratio must not exceed the maximum eligible LTV after the withdrawal of collateral.
TONIC Token:
Tectonic’s native cryptocurrency is called TONIC and has a maximum supply of 500 Billion coins. Users can stake TONIC tokens to secure the protocol and receive rewards.
Users can stake their TONIC to receive stTONIC in exchange and help secure the protocol. If there is an insufficient amount of funds available, their stake may be reduced to cover any losses. Additionally, stakers can lock their positions for a period of at least 90 days and get a portion of the fees charged for swaps on the protocol.
TONIC Token Allocation:
50.9% allocated to Community members as participation incentives and rewards for liquidity mining/staking;
23% allocated to the Team, with a 48-month vesting schedule;
13% allocated to an Ecosystem reserve, to be used for ecosystem partner collaboration, advisors, and other community initiatives;
13% allocated to Network security, to cover costs such as security audits, protocol operations, infrastructure upgrades, protocol liquidity, listing requirements, and more.
Founders of Tectonic
Tectonic was created under the guidance of Particle B, a startup accelerator specializing in developing projects running on Cronos and Crypto.org. Founded by Gary Or, a tech expert and Crypto.com’s former CTO, the project has the benefit of his decade-long experience in engineering crypto products for payments, trading, and financial services.
Where to Buy Tectonic (TONIC)?
Tectonic (TONIC) is a famous cryptocurrency, however, it is currently only available to trade on two crypto exchanges: VVS Finance and Crypto.com. It is not available on a wide range of crypto exchanges at this time.
How to Buy Tectonic (TONIC)?
You cannot purchase TONIC with Fiat money directly, as it is not listed on many crypto exchanges. However, you can acquire TONIC by exchanging cryptocurrencies such as WCRO and USDC.
Here is a step-by-step guide on how to purchase Tectonic (TONIC) from the exchanges on which it is listed:
Buy TONIC From Crypto.com
To buy tonic from crypto.com, follow the steps given below. You can use the crypto.com mobile app or website; the steps will be the same.
Step 1: Create an account on Crypto.com with your email address.
Step 2: Verify your account on Crypto.com by providing your information such as name, country of residence, phone number, etc.
Step 3: Add funds into your account or you can use a credit card or debit card.
Step 4: Click On Trade and search for TONIC.
Step 5: Buy TONIC. You can buy TONIC with USDC or USDT stablecoin on Crypto.com, which means you have to buy USDC or USDT first and then exchange it for TONIC tokens.
Buy TONIC From VVS Finance
Follow the steps given below to buy TONIC from VVS Finance:
Step 1: Purchase a cryptocurrency such as USDC or WCRO.
Step 2: Transfer the cryptocurrency to a VVS Finance-supported crypto wallet. VVS Finance only supports Metamask and crypto.com DeFi wallets.
Step 3: Access VVS Finance through your wallet.
Step 4: Exchange WCRO/USDC for TONIC.
Done, You have successfully purchased TONIC Token.
Historical Price Trend of Tectonic (TONIC)
Investing requires careful consideration, so it is important to be knowledgeable about cryptocurrency before investing in it. This article provides detailed information about Tectonic (TONIC) to ensure that you are well-informed before investing your money.
By looking at the historical price trend of any cryptocurrency, it is possible to estimate its future.
In December 2021, TONIC crypto began trading at a price of $0.0000040. By the end of the month, its price had decreased to $0.00000099.
In its first two months, the price of TONIC decreased steadily. However, in February 2022, the price of TONIC began to rise, eventually reaching a peak of $0.000001594 by the end of the month following its initial decline.
In 2022, the price of TONIC started at $0.000001594 and decreased drastically throughout the year, eventually ending at $0.00000008249. This marked a significant drop in the price of TONIC, making the year a difficult one for investors.
It appears that 2023 is going to be a year of recovery for the TONIC cryptocurrency. After the dramatic decrease in price in the previous year, the value of TONIC is gradually increasing.
Tectonic (TONIC) Price Prediction
|
Years |
Price At The Beginning Of The Year |
Price By The End Of The Year |
|---|---|---|
|
2023 Advertisement
|
– |
$0.0000006 |
|
2024 |
$0.0000007 |
$0.000003 |
|
2025 |
$0.000003 Advertisement
|
$0.0000009 |
|
2026 |
$0.000001 |
$0.000006 |
|
2027 |
$0.000008 |
$0.000020 Advertisement
|
|
2028 |
$0.000020 |
$0.000045 |
|
2029 |
$0.00004 |
$0.00006 |
|
2030 Advertisement
|
$0.00007 |
$0.00009 |
Tectonic (TONIC) Price Prediction 2023
This year could be a great one for tectonic crypto: the price of the TONIC token is expected to rise.
Our analysis predicts that the price of TONIC will increase by $0.0000006 by the end of this year.
Tectonic (TONIC) Price Prediction 2024 -2025
The project of Tectonic Crypto has attracted a great deal of attention, with many people being highly interested in it. In 2024, the price of TONIC coins is projected to increase significantly. It will start the year at $0.0000007 and end it at $0.000003.
In 2025, TONIC will start at a price of $0.000003 but could decrease to as low as $0.0000009 by the end of the year.
Tectonic (TONIC) Price Prediction 2026 -2030
The Tectonic Project facilitates lending and borrowing of crypto assets, which has drawn an increasing number of people. This will help the Tectonic Project to expand and become more successful over time.
We anticipate that the price of Tectonic (TONIC) cryptocurrency will be $0.000001 at the start of 2026. By the end of the year, we predict that the price of TONIC could increase to more than $0.000006.
In 2027, the price of TONIC is forecasted to start at $0.000008 and end the year above $0.000020, suggesting a strong likelihood of increased value over the course of the year.
In 2028, we expect the price of TONIC to start at $0.000020 and increase to $0.000045 by the end of the year.
We anticipate that the price of TONIC will start at $0.00004 in January 2029 and will increase to $0.00006 by December 2029.
The price of TONIC crypto is expected to start at $0.00007 in the early months of 2030, and by the end of the year, the price will reach $0.00009.
Is Tectonic (TONIC) A Good Investment?
Cryptocurrencies like TONIC can be potentially lucrative but are also the riskiest investment option.
Yes, TONIC is good & safe for investment but it is not the best one. If you are looking for secure and promising crypto then TONIC is not for you, there are plenty of cryptocurrencies that can give you a higher return on your money than TONIC.
If we analyze the expected returns of TONIC, we can see that it has the potential to produce high returns. However, it may take too much time for these returns to materialize. There are other cryptocurrencies which can provide similar returns in a shorter amount of time.
When investing in cryptocurrencies, it is important to keep in mind that they are extremely volatile and risky investments. Therefore, it is essential to never invest any money that you can’t afford to lose.
[Disclaimer: Although this article has been researched and analyzed thoroughly to make price predictions of the cryptocurrency, its accuracy cannot be assured. Readers should make their own financial decisions carefully; neither readaboutcrypto.com nor the author is responsible for any investments made by readers.]
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