TenUp (TUP) is a decentralized blockchain platform that seeks to revolutionize our engagement with digital currencies and blockchain technology. Through its innovative approach, supported by a dedicated team, and fueled by its native token, TenUp has attracted considerable interest from crypto enthusiasts and investors.
What is TenUp?
TenUp is a decentralized blockchain platform that utilizes advanced technology to establish a secure, scalable, and efficient infrastructure for digital transactions. To bridge the gap between traditional financial systems and cryptocurrencies, TenUp facilitates seamless and swift transactions for users worldwide.
By integrating innovative features like smart contracts and decentralized applications (Dapps), TenUp creates a versatile ecosystem that caters to the diverse needs of various industries.
The TenUp team
At the helm of TenUp.io is Founder Waqar Zaka, who studied at the University of Engineering and Technology. Ibtisam Ahmed is the CEO of the team, supported by Girish Ahirwar as an Advisor and Zeeshan Abbasi as CTO.
Together, they share a unified vision of revolutionizing the blockchain industry. The TenUp team comprises professionals with diverse blockchain development, finance, marketing, and business development backgrounds.
How does TenUp work?
TenUp utilizes a blockchain network that operates on a robust consensus mechanism, ensuring the platform's integrity and security. By leveraging this technology, TenUp enables users to engage in direct transactions without the involvement of intermediaries, leading to reduced costs and increased efficiency.
The platform's underlying infrastructure supports the creation and execution of smart contracts, self-executing agreements with predefined conditions. These smart contracts facilitate automated and secure transactions, eliminating the need for intermediaries and enhancing overall transactional security.
TUP: TenUp's native token
TUP serves as the utility token that drives the entire TenUp platform, granting users access to various features within the ecosystem. These tokens can be utilized for transaction fees, staking, and active participation in platform governance.
By holding TUP tokens, users acquire voting rights, enabling them to contribute to significant decision-making processes within the TenUp community actively.
TenUp tokenomics
TenUp's tokenomics are carefully crafted to foster a sustainable and prosperous ecosystem. The TUP token has a fixed total supply of 200 million, guaranteeing scarcity and the potential for value appreciation as demand grows. The distribution of TUP tokens occurs through public and private sales, with a portion allocated to the TenUp team for development and operational purposes.
Additionally, a percentage of the transaction fees collected on the platform is utilized to reward token holders, encouraging active participation and engagement within the TenUp community.
TenUp use cases
TUP serves as the primary medium of exchange within the TenUp platform, enabling users to conduct seamless transactions for goods and services. By utilizing TUP, users can engage in efficient peer-to-peer exchanges. Moreover, TUP holders can actively participate in the platform's governance, exercising their voting rights to influence the future development and strategic direction of TenUp.
TenUp token distribution
TUP token distribution is carefully planned to create a balanced and inclusive ecosystem. Here is the breakdown of the token distribution:
- Initial Burn: 5 percent of the total token supply is permanently removed from circulation, enhancing scarcity and potential value appreciation.
- Presale: 20 percent of the tokens are allocated to a presale.
- Liquidity for DEXs: 20 percent of the tokens are dedicated to providing liquidity on decentralized exchanges (DEXs).
- TenUp Swap: 15 percent of the tokens are reserved for the TenUp swap, allowing users to easily exchange their tokens within the platform.
- Airdrops: 5 percent of the tokens are distributed through airdrops, rewarding eligible participants and promoting wider adoption of TenUp.
- Marketing: 5 percent of the tokens are allocated to marketing efforts, expanding TenUp's reach and awareness in the crypto community.
- Team share: 10 percent of the tokens are reserved for the TenUp team, incentivizing their ongoing dedication and commitment to the project's success.
- Staking: 20 percent of the tokens are allocated to staking.
