As of 2024, blockchain has brought many benefits in terms of transparency and the ability to transfer assets across borders. However, transaction speed remains a challenge for this technology. Although Ethereum scaling solutions and layer 1 blockchains such as Solana and Aptos have announced transaction speeds of up to 80,000 TPS, however, reality proves that this speed is lower than in theory.
This situation is slowing the mass adoption of crypto among businesses globally. However, Tectum was born to solve this problem with a transaction speed exceeding the threshold of 3.5 million TPS. Notably, Tectum also has the ability to convert Bitcoin (BTC) instantly with gas fees lower than 0.1%.
So what is Tectum? What are the advantages and disadvantages of this project? Let's explore with TradeCoinVN through the article below.
What is Tectum (TET)?
Is a system of solutions designed to improve blockchain operational processes. This includes transaction validation and block generation, to increase transaction speed.
I will introduce a few outstanding products and services of Tectum Softnote. The first is Tectum blockchain, a blockchain platform developed to provide fast crypto trading and settlement capabilities for businesses and retailers. SoftNote is another one of Tectum's products, which is a software solution that helps optimize the trading process and manage crypto assets. Finally, Wallet is an e-wallet service from Tectum that provides a secure and convenient means to store and manage crypto.
With these solutions, Tectum aims to enhance crypto trading and payment capabilities for businesses and retailers. This can provide many benefits, from convenience and speed to security and reliability. So what are you waiting for? Explore more about Tectum to better understand this project and see if it suits your needs.
What products/services does Tectum support?
1. Tectum Blockchain
Tectum Blockchain has the theoretical ability to exceed 1 million transactions per second (TPS)? Impressive, right? But what is more worth mentioning, this project has proven its power by setting a world record of 3.5 million transactions processed per second. Unbelievable!
Often, as the security level of a blockchain increases, the transaction processing speed will be affected and become slower. This is a rule that most blockchain projects today have to face. However, Tectum has found a way to overcome this barrier.
Instead of storing all data on-chain, Tectum only stores hashes that connect directly to the original data. Thanks to this, they are able to achieve impressive TPS numbers while still maintaining reliable system security.
You see, Tectum Blockchain is truly a breakthrough in the blockchain industry. They have found a way to overcome traditional barriers, providing a fast and safe trading experience for users.
2. SoftNote - Fast and Anonymous Payments
SoftNote acts as a "paper of value" that represents direct ownership of your cryptocurrency wallet address. This means, you just need to log in to the SoftNote platform to instantly access your wallet.
Another interesting point is that SoftNote is designed based on Bitcoin's Layer 2 structure. This allows transactions to be carried out quickly and anonymously, through an alternative transaction processing mechanism called "handovers" (or "advance tickets").
And the best thing is, SoftNote not only exists in digital form, but can also be printed into physical "cash notes"! Besides, you can also easily share your SoftNote via social networking platforms such as WhatsApp, Weibo or Telegram.
3. Tectum Wallet
Through Tectum Wallet, users will be able to easily trade, send and receive TET (the project's internal token) with almost zero fees and extremely fast speeds.
The special thing here is that Tectum Wallet is not only a simple crypto solution, but it is also an extremely useful and convenient support tool for traditional businesses. With easy integration and low transaction costs, Tectum Wallet will be an important springboard, promoting mass adoption of cryptocurrencies in the real world.
You can imagine, when businesses switch to using Tectum Wallet, they will enjoy enormous benefits in terms of speed, cost and transaction security. This will help them improve business efficiency and increase great customer experience.
Product link: https://wallet.softnote.com
Tectum Solutions brings
Outstanding features of the Tectum solution, one of the potential cryptocurrency conversion tools on the market.
With SoftNote - Tectum's underlying technology, cryptocurrency transactions can be made instantly and for free. This is truly amazing, compared to other blockchain technologies, right?
Specifically, SoftNote can increase the transaction speed of Bitcoin and other cryptocurrencies to more than 3.5 million transactions per second! Wow, faster than Ripple (XRP), Visa and Mastercard. This means that transactions will be processed quickly, without any waiting.
And the best thing is, Tectum's service is completely free for users. Merchants will be the ones who bear the fees when accepting payments using SoftNote. We have to admit that this is a really creative and attractive idea, right?
In addition, Tectum's entire transaction process is maintained in a decentralized state, thereby creating long-term trust for users. Isn't it wonderful?
Extremely impressive numbers about the Tectum project
One of the leading cryptocurrency solutions on the market today.
According to Tectum's recent Weekly recap data, the transaction speed (TPS) of SoftNote - Tectum's underlying technology, has surpassed the monstrous mark of 3.5 million transactions per second! Oh my god, faster than Ripple, Visa and Mastercard! It's terrible, isn't it?
And that's not all, the number of SoftNote bills minted has reached 1,729,234 bills! The number of Tectum Wallet users also exceeds 58,000! Imagine, more than 58,000 people are using Tectum Wallet, an impressive number.
Even more astonishing, the total number of transactions in the Tectum system has exceeded 51.3 million transactions! And the estimated liquidity in the system is also up to 33.7 million USD! Can you believe this?
The key figure behind the Tectum project
Tectum is led by Russell Sean Brooks, a talented and experienced CEO. Before joining Tectum, he graduated from Kings College London and worked at Quantum Medical Research. Wow, that's impressive!
The Tectum project also has the participation of Alex Guseff - Chief Architect and also Founder of Tectum. In particular, he is serving as Chairman of the Board of Directors at CrispMind - another very famous technology company.
Looking at these key figures, you can see that Tectum is truly being led by bright and experienced faces in the technology industry. This is one of the key factors that helps Tectum become a potential and desirable project.
Partners - Tectum's Key to Success
Funding round
Tectum has successfully completed the Presale round at a price of 1 TET token = $3. The total capital mobilized from this Presale is up to 4.2 million USD by June 30, 2023! You can find this detailed information on ICO Drops.
In addition, the Tectum project also organizes many other token sales, but I have not found specific information. But surely when there is an official announcement from the project, I will immediately update this article.
So you see, with the capital raising up to millions of dollars from capital calls, Tectum has proven its great attraction and extremely impressive growth potential. This also shows that the project is trusted and supported by large investors.
And not only has it attracted huge capital, Tectum also has impressive cooperation with many strategic partners. Please wait, soon I will share more about these partners!
Strategic partner of the Tectum project
You know, when learning about Tectum, I discovered that this project has collaborations with many extremely famous and impressive technology partners. Such as Unstoppable Domains, Redmine, Monday, OKX, UniSwap, MEXC and many more!
These partners are all "huge" names in the field of technology and cryptocurrency. Such as Unstoppable Domains - a decentralized domain name provisioning platform; Redmine - a popular project management tool; or OKX, UniSwap, MEXC - powerful cryptocurrency exchanges!
This shows that Tectum is trusted and supported by leading strategic partners. With the combination of these "huge" partners, Tectum will certainly make great strides in the near future.
Overview of Tectum Tokenomics
About TET Token
Name: Tectum
Ticker: TET
Blockchain: Ethereum
Token Contract: 0x68a47fe1cf42eba4a030a10cd4d6a1031ca3ca0a
Token Type: Utility
Total Supply: 10,000,000
Circulating Supply (as of March 29, 2024): 7,354,856
Token price: $28.03
Market Cap: 206,094,212$
TET Token utility
Like SoftNote
Merchant payment fee
Fee on blockchain layer 1
T12 Token Standard payment fee
Invest in Pre-seed projects
Use Tectum services by holding TET
Tectum Token Allocation
Did you know that Tectum has announced details about the distribution of the TET token in its ecosystem? If not, let's find out
First of all, there is 5% of the total supply (500,000 tokens) for the Seed Sale round, and 100% of these tokens will be unlocked from the beginning when the project launches.
Next, the Private Sale round accounts for 15% (1,500,000 tokens), but will only unlock 10% at the time of project launch, the remaining 90% will be locked.
In particular, 55% of the total supply (5,500,000 tokens) is reserved for Liquidity on the exchange, Marketing activities and ecosystem development. All of these tokens will be 100% unlocked from the beginning.
In addition, 5% (500,000 tokens) are reserved for the Public Sale round, which will also be 100% unlocked at launch.
Finally, 10% (1,000,000 tokens) for the Development Team, will be 100% locked for the first 24 months, then vested regularly for the next 10 months. And 5% (500,000 tokens) for Advisors, there will be a cliff for 6 months, then vesting regularly for 12 months.
You see, Tectum has planned a very detailed and reasonable token allocation plan, to ensure the rights of all investors and partners. This further strengthens my faith in the project!
TET token vesting schedule
Where to sell TET Token?
Currently, you can buy, sell, and trade TET tokens on centralized exchanges such as MEXC, Gate, Bitget, BingX,... And on decentralized exchanges, you can trade on UniSwap v2, SmarDex...
Tectum development roadmap
Tectum's Ambitious Development Roadmap - A New Step On The Journey To Conquer The Cryptocurrency World!
In the upcoming year 2024, Tectum will focus on extremely remarkable development goals and promises to bring new advances to the entire cryptocurrency ecosystem!
First of all, in the first quarter of 2024, Tectum will organize a truly "huge" event - Organizing a record TPS (Transactions Per Second) event! Oh, let's eagerly wait to see what this project will do to break previous records!
Next, in the second quarter of 2024, Tectum will officially deploy Tectum SDK Mode as well as the Mass Adoption campaign to popularize its technology more widely. Not only that, EPOS System v2.0 version will also be released at this time!
And by Q4/2024, an extremely anticipated event will take place - SoftNote DEX will be officially launched to the community! This will probably be a giant leap for Tectum on the journey to conquer the cryptocurrency world!
You see, Tectum is really cherishing extremely ambitious and promising development plans in the upcoming 2024. This proves that this project is on a strong path of acceleration and ready to conquer new heights!
Tectum's official communication channel
You can easily access all information about the project with just one click on the summary link: https://bit.ly/tectumlinks.
Here, you will find all the links to Tectum SoftNote's official media channels. From Twitter, Instagram, Facebook, TikTok to Telegram, Discord, YouTube
The end
Tectum SoftNote owns an extremely impressive set of solutions to improve the speed of global payment transactions. With products like SoftNote and Wallet, Tectum is working to bring a faster, safer and more convenient cryptocurrency payment experience than ever before!
I must admit, Tectum's business model and approach to the TPS (Transactions Per Second) issue on blockchain is really interesting. They are looking to completely solve the problems of transaction speed, something that many other cryptocurrency projects are still struggling with.
However, from a personal perspective, I think Tectum will need time to prove the effectiveness and stability of this special solution set. Because in the end, numbers and achievements are the most important things to convince the community.
Will this be a notable name in the next bull run period of the cryptocurrency market 2024 - 2025? Please share your views below so we can discuss!
