In the time when cryptocurrencies are flooding the exchanges, it’s getting increasingly harder to recognize those worth trading. Although the potential of altcoins is huge, a lot of options on the market fail to represent any real value. That is also why trends of crypto-assets tend to be unpredictable, fleeting and easily influenced by price fluctuations of major cryptocurrencies, making the risk of loss as big as the possibility of profit. Is TecraCoin a solution to this problem?
An introduction to TecraCoin
TecraCoin was created as one of three central projects by an innovative startup company, Tecra, along with the crowdfunding platform Tecra Space and the decentralised exchange Tecra DEX. Thanks to the complementary nature of the projects that make up the company’s model, Tecra’s ecosystem remains largely independent from outside factors. This also allows TecraCoin to be free from the influence of major cryptocurrencies on the market. This is a very important feature, especially in the face of the price crash of cryptocurrencies on the market and unstable situation on crypto exchanges.
From the entire supply of 210 million coins, approximately 78 million TCR are available on the market. TecraCoins are currently tradable on Uniswap, Hotbit, and in the upcoming days we can expect an announcement about the coin getting listed on a new, renowned exchange. For the purpose of integrating with more exchanges, the company created an ERC-20 TCR. The conversion of native coin into an Ethereum-based coin is possible via a bridge available on the Tecra Space platform. At present, TecraCoins are an amazing opportunity for arbitrage traders, as the gap in prices on DEX and CEX leave room for attractive profits.
Tokenomics of Tecra Space and value of TCR
As we have established, the value of TecraCoin remains independent of major cryptocurrencies. But what exactly is it influenced by? To understand that, let’s find out more about the tokenomics of Tecra Space.
Tecra Space is a crowdfunding platform that combines traditional project financing with blockchain technology – namely tokenization, implementation of cryptocurrency, and smart contracts. It offers project creators in various growing industries the opportunity to obtain funding, and enables investors and cryptocurrency enthusiasts to participate in interesting, innovative projects that have a positive impact on our world.
Each project,which begins their fundraising on Tecra Space, issues their project tokens. This is where Tecra’s cryptocurrency comes in. In order to obtain the tokens, you can trade them for TecraCoin. The tokens, which represent early-stage businesses, will then be tradable on Tecra DEX and repurchased by project creators for a certain percentage of their revenue over a period of 10-20 years. As TecraCoin cryptocurrency is a dedicated means of exchange on Tecra Space, its value is directly linked to the projects on the platform. The more successfully finished collections and project developments there are, the more the price of TCR will rise.
Main applications of TCR:
- supporting projects on Tecra Space
- obtaining project tokens, which are a valuable asset representing real businesses
- trading on cryptocurrency exchanges
- participating in technological development
Tecra’s plans for the future
Tecra has big plans for the upcoming months. About a month ago the first project (a photovoltaic farm by Expanse Plus) began fundraising on Tecra Space – but the platform is not slowing down. At least two other projects will begin their collections before the end of this year. And of course, new projects are submitted and added to the platform on a regular basis. You can find out more about them in the “project waiting room” tab on Tecra Space.
The launch of Tecra DEX is planned for early 2022. The project is central to the company’s ecosystem and we can’t wait to see what changes and opportunities it will bring for Tecra’s community.
Soon TecraCoin will be listed on its third exchange, but it’s still only the beginning. Tecra is said to constantly be in contact with other top tier exchanges. You will be able to find out more about the upcoming cooperation and other Tecra’s plans during a livestream soon. During the stream, a couple of lucky viewers will have the chance to win TecraCoins from a pool of 1000 TCR, so don’t miss out!