AMA with Teneo

Introduction segment

Twitter segment

Celeb | Decentralized Club:
Twitter questions
1. Reflows are reported to affect tenXXX Tokens. Can you describe what this reflow process is and how it works in simpler terms?

Twitter username @JosephAyoola19

The transaction fees are collected in a reward reserve. When the reward reseve is big enough to be split through the holders a multiplier is increased and all wallets get increased by that. The pseudo-code of that looks like this:

if feeReserve / (total supply / 10000) then: global multiplier +1

Wallet balance = wallet balance + wallet balance / 10000 * (global multiplier - wallet multiplier)

I hope it is simple for non coders xD

Celeb | Decentralized Club:
2. A staking interface is listed as one of the accomplishments in your Q4 2021 road map. Is this something that has already been addressed, and how does the interface look?

Twitter username @stephen_hawk3

This weekend you can enter it like mentioned above. Here a picture (is it big enough? - would send another later)

Celeb | Decentralized Club:
3. With what I've read, TENEO is a multi-layered yield creation mechanism based on pegged-token trading.
In relation to Multi-layered,
Could you perhaps clarify this notion in simple terms?

Twitter username @xa3yte

That is kind of a financial view, not especially a technical view point. You can think about it that way:
The first layer is the pegged token price, you get rewards or losses from the price there.
The second layer is the tenXXX version. It is like you are the exchange you getting the transaction fees of the tenXXX token if you are a holder.
The third layer is the liquidity pools and yield farming where classical yield farming happens.
So we added the second layer to the market.

Website segment

Celeb | Decentralized Club:
Website questions

1. Per an excerpt from your website, "Teneo offers a win-win situation for both traders and hodlers, who are generally at odds. They don't have to with Teneo." "
What exactly do you mean when you say a win-win situation?
Is it always feasible to have anything like that?
How does Teneo accomplish this?


Sure, it is easy to think about it that way:
Normally traders fight against holders. Resulting in volatility and you need iron or diamond hands as a hodler. The teneo system 1. creates reflows to hodlers 2. open arbitrage opportunities for traders -> there are the points more visually described 3. That you do not mention here but is there adding a noninflationary reward to projects. Because the transaction fees are redistributed (so no new tokens are emitted) it has indeed the character of deflationary because it takes away available supply from projects to mint ten-versions of the token.
I do not know any similar concept out there.

Celeb | Decentralized Club:
2. After realizing that "annual percentage yields (APY's) are often unsustainable and volatile as the total value locked (TVL) and the underlying reward token move in opposite directions," you stated that "annual percentage yields (APY's) are often unsustainable and volatile as the total value locked (TVL) and the underlying reward token move in opposite directions."
What solutions do you bring to the table at TENEO to combat or solve this problem?


Of course, wecant cut this effect out. Lets say you hold tenWBTC and BTC is crashing 50%. YOur tenWBTC will also crash 50%. But on the way down you are earning reflows depending on the volatility. So to synchronize the tenWBTC pools on dexs there have to be arbitrage trades are taking place where you getting a portion of. So you end up with 1.5 tenWBTC (Don't nail me down on this number different factors have an influence on that like tenWBTC total supply, TVL at dex pools, ...)

Celeb | Decentralized Club:
3. "We hope to recruit developers and establish collaborations that will unlock greater value for our stakeholders," you said, "with the help of the community."
What are the ways in which the community can become involved?
What activities do we engage in in order to provide the assistance that is required?


The biggest thing for us to include the community is the possibility to vote for the projects that are added to the system. Like which token you want a ten-version from?
Also of course we are searching for more team members at any time if you can bring value to the project feel free to contact us. Also, tenXXX tokens make great collateral because of their nature to become more over time. We already talking to different lending and borrowing platforms.

Live segment

1)$ Nancy $:
please sir,
How important is the COMMUNITY to you? and how can we collaborate or help you for the development of the project?

I guess for every project the community is the key to long-term success. That's the reason we try to involve the community as much as possible.

2)🌷🤗Be calm🤗🌷:
Hello sir👎👎👎
Do you have an AUDIT certificate or are you working to AUDIT your project to make it more secure and reliable?

The early-stage was audited by CertiK. By adding more mechanisms we got audited also by Zokyo and the main token Teneo was audited by Hacken. Hacken should be published already and Zokyos should be in the next few days if it isn't right now.

Can you give a deeper view into the partnerships with CryptSociety and Ferrum : what is it about, what can we expect and what Plans do you have?

CryptoSociety are "just" long-term friends and the founders and and I joined the crypto space together we will work together even in the future. Ferrum of course will get a tenFRM :)

4) Zouhan Khan:
In one of your AMA's, You said that Large numbers of Project are lined up to launch on Your platoform, Can You give us some details about those Projects?

Basically, every ERC20 standard token can be added to the system. We try to let the community decide which one they like. And also we try to find especially tokens that fit because they may be don't have staking, have a big volatility/trading volume etc.




🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

AMA with Konstellation

Ready to win PancakeSwap lottery with our GXT Token?

Meet the one-stop-station for major DeFi services — SpaceSwap to be released in a week.

Some Basic Metrics that will Reveal Surprising Network-Economics About Crypto-Assets

Libre DeFi Announces Completion of Seed Round

Bullish Options Strategies

Muon Outlook for Future Token Holders

Graphic: Outlook for future token holders

Mizuchi AMA Recap

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Decentralized Club

Decentralized Club

🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️

More from Medium


CryptoNite Club x Crust Network AMA Recap