💱 tenXXX Tokens 💱
Explains the behavior of tenXXX Tokens
Last updated
Explains the behavior of tenXXX Tokens
Last updated
A tenXXX Token is like WBTC. It is a packed/wrapped token and has the same price as the underlying token at any time.
The XXX is a synonym for any token, there will be many pegged tokens like: tenBNB:BNB tenETH:ETH tenBUSD:BUSD ... Just choose your favorite token as a tenXXX Token and earn rewards by hodling. 💎👩🌾
💱tenTEN💱 🚀 Deflationary Single Staking for $TEN 🚀 📜 Contract: 0xAb887Edaf53570dd212E94CecdA38B7c165420b5 💱tenBUSD💱 📜 Contract: 0xCb870e03fBCad0e8e70d13CE24Cd23E9f78E7D2f 💱tenDEI💱 📜 Contract: 0x6D82ACBB502cC22905E17A9c4da8D4A8B743305B 💱tenETH💱 📜 Contract: 0x5D19Dd1482B7d2262327bd7a4Dc88862a4D4a2CD 💱tenBTCB💱 📜 Contract: 0xA01BE845f95447110082797267AeCcA1DE4047BF 💱tenBNB💱 📜 Contract: 0xfE55EaD876A85b84E125De26fF5086d7eB99BD14 💱tenCAKE💱 📜 Contract: 0x98Dc696e34600C09FE74d84DB1Fc57f13E33DA10
The main difference to WBTC is a RFI-like transaction fee. In the beginning, it will be 1.1% but it may change to find the perfect number for the advantage of the ecosystem. The transaction fee is redistributed by reflows to all tenXXX holders. These reflows automatically appear in the wallet balances and in the liquidity pools.
A small amount will go to the DAO wallet. At the beginning it will be 0.2%. So 1% taken for the reflow and 0.2% taken for the DAO wallet. These transaction fees may change over time. They will be adjusted to find the perfect balance between fees and trading volume.
Every time the collected fees are one ten thousandths of the netto supply (supply - collected fees / 10000) a global multiplier will be increased.
At this moment, it's not shown in the wallet. It will be displayed at the moment where someone mints/burns tenXXX Tokens through the AMM, someone calls the _reflow() method of the contract or someone compounds his wallet. Also, the liquidity pools on the DEXs will be synchronized to get a new exchange ratio based on the reflows. The AMM ratio still stays the same.
