| General information | |
|---|---|
| Global rank: | 854 |
| Name: |
Tectonic |
| Symbol: | TONIC |
| Current coin price (ETB): | 0.000013 Br |
| Last hour: | arrow_upward0.200 % |
| Last 24 hours: | arrow_downward-0.720 % |
| Last 7 days: | -1.38 %trending_down |
| Capitalisation (ETB): | 2 287 721 647.43 Br |
| Volume 24h (ETB): | 2 421 865.79 Br |
| Available supply: | 247 733 879 909 099.00 TONIC |
| Total coin supply: | -1 TONIC |
| Start date: | 2021-06-17 |
Tectonic/Ethiopian Birr (TONIC/ETB) price chart
Tectonic/Ethiopian Birr (TONIC/ETB) capitalisation and volume charts
Tectonic is a decentralised non-custodial algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion.
Tectonic’s liquidity incentive program will be done in the form of a distribution of $TONIC to the supplier and borrower in Tectonic. The proportion of $TONIC token distribution between supplier and borrower, as well as among supported tokens will initially be determined by the Tectonic team by taking into account the supply & demand of each asset.