https://linktr.ee/10SET

How ‘second-generation ETF’ plans to unite stocks and crypto

LONDON, UK / February 22, 2021

A second-generation ETF is set to bring cryptocurrencies and dividend stocks together in one place, opening up investment opportunities to all.

A second-generation exchange-traded fund is building a bridge between the crypto sector and the stock market — with a platform that makes it possible for everyone to have equal access to the world’s top investment products.

Tenset says it plans to deliver the next frontier of DeFi liquidity incentives — eliminating past issues such as market manipulation, high fees, inflation, complexity and exclusivity.

The project’s goal is to bring traditional equity investors to the digital assets space. All of this comes at a time when there is heightened interest in crypto from institutions, with the likes of Tesla and MicroStrategy investing billions of dollars in Bitcoin.

At the heart of the ecosystem is an aggressive deflationary token known as 10set, which features a basket of cryptocurrencies that generate passive income through staking. While some of these digital assets will be stable, well-established coins, innovative assets that could shake up the crypto economy in the years to come will also be included. Community members will also have an input in the coins that are selected — and in the future, it’s hoped that artificial intelligence will play a role in detecting promising projects.

Profits that are generated will subsequently be used to buy back 10set tokens from exchanges, which will then be burned to create deflation. It is hoped that this will help create scarcity in the years to come.

Tenset also plans to enhance its pool of passive income streams by handpicking shares in established companies that pay high dividends — and distributing the proceeds through blockchain. According to the company, technology and industrial companies that outperformed in the past year will feature heavily. Assets will regularly be rebalanced, and 10set investors will play a starring role in deciding future strategy.

The tokenomics

The 10set token has other distinctive attributes that help it serve as a deflationary asset. Owners can stake their assets without freezing them, or storing them in a special wallet. Every transaction performed using 10set tokens attracts an automatic 2% fee. While half of the funds generated through this charge is automatically burned to reduce overall circulation, the other half is distributed to users in order to encourage hodling. Uniswap liquidity pools and exchange wallets will be blacklisted from receiving these incentives to ensure that traders get 100% of the income generated.

More insights from Tenset here

An ambitious roadmap has already been established for the coming year, with 10set due to be listed on Uniswap next month. The project is also going to be participating in Blockchain Week Rome 2021 to raise awareness about its concept. New strategic alliances and partnerships are going to be unveiled in the second quarter of 2021, and the alpha version of its mobile app will be released.

Q3 will see 10set bought back and burned for the first time, and new functionality come to the Tenset network. The finalized version of its mobile app is also scheduled to be released. As the year comes to a close, loans will start to be offered through this app, enhancements will be made to the company’s staking platform, and stock market dividends will be automated.

A global presale for 10set tokens is scheduled to begin on March 7.

Source : CoinTelegraph

The World’s first deflationary token that combines dividend shares with best cryptocurrency projects. More Info : https://linktr.ee/10SET