TENSET Develops Second Generation ETF to Connect Crypto Space to Traditional Stock Market
LONDON, UK / ACCESSWIRE / February 10, 2021 / The $ 90 trillion asset management industry continues to grow each year, but has not changed for a long time. It’s inaccessible to many, and transaction fees suck returns out of investors’ pockets.
For example, unless you already have significant financial resources, it can be nearly impossible – and in many cases illegal – for citizens of some countries to invest in certain assets in other countries.
It is an unfortunate fact that for many people, accessing capital markets for a better financial future has been an impossible dream for 99% of the population.
That’s because asset management was designed and built for high net worth individuals, not for everyone. Partly because the technology that makes investing affordable and accessible to everyone did not exist before.
Tenset provides the solution to the problems mentioned above by introducing an affordable and accessible platform for every eligible user in the world. Their response is very much in line with our vision and mission, where all individuals have equal access to the world’s best investment products starting at just $ 1.
A group of Poles have developed a second generation ETF concept that can be a game-changer for the cryptocurrency space and not only. Their deflation token combines the advantages of a conventional exchange and the cryptocurrency market. To many, this may sound a bit like a forbidden romance storyline, but nothing could be more wrong.
Tenset is set to drop a bomb on a crypto space by bringing the bridge between the traditional stock market and the digital one. The goal is to bring conventional investors into the crypto market and in doing so create higher trading volume for Tenset investors to benefit much more.
Their product is billed as an “aggressively deflationary token” containing ETF 2.0 elements and, at the same time, a bold concept of how the business operates on a similar basis to the hedge fund. It sounds like an exciting hybrid that can be an attractive solution for a modern investor even in a bear market when the market cap can lose several tens of percent of its value in just a few months.
Implementation mirrors financial protocol, automatically redistributes rewards between 10 hodlers without the need to lock your funds on the service provider’s platform. The locked-in type of staking is very dangerous and is the same as giving out your private keys, which can be stolen at any time. Tenset smart-contract has proven itself and has already been tested by nearly 2000 transactions.
10set is a deflation token with a built-in absorption mechanism that provides an ever-increasing reserve price while removing tokens from the outstanding supply. Therefore, the ever increasing reserve price will always support the value of the tokens. 1% of each transaction or transfer will be redistributed to existing holders, and another 1% will be burnt.
The protocol automatically redistributes the rewards to investor wallets without paying gas fees to collect them.
The Poles have developed a solution that would allow a higher and stable return on investment. The team aims to achieve this goal by investing in a single financial asset. The 10set token will represent all items purchased in the cart. The selected cryptocurrencies are also believed to generate passive income.
The team will use the profits generated to buy a 10set token to burn. As a result, this action will cause a permanent and continuous reduction in the number of tokens in circulation, causing both the deflationary effect and an increase in demand.
Let’s not forget that VISA declared its active participation in other growing crypto spaces just a few days ago, after its website, “Visa is the network of choice for digital currency wallets.”
Telegram group Poland: https://t.me/TENSET_io
Global telegram group: https://t.me/TENSET_io_eng
Company: TENSET LTD
Contact: Jonasz Miara C
Email: [email protected]
Telephone: +44 506654904
Address: 148 Ibsley Gardens SW15 4NG, London, GB
THE SOURCE: TENSET LTD
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