Alvara Protocol Launch
The Tenset Infinity platform has a powerful new project as the 58th airdrop, Tectum, who join as an official Gold sponsor!
Tectum is one of the fastest blockchains in the world, that powers their flagship product ‘SoftNote’: a Layer 2 scaling solution for Bitcoin and other cryptocurrencies.
The core concept of the Tectum ecosystem is to utilise their new blockchain to host an array of products that can enable Bitcoin and other cryptocurrencies to scale their transaction speed and cost. The blockchain boasts a speed of more than 1 million TPS thanks to their proprietary Proof-of-Utility consensus.
Notably, Tectum is being developed by CrispMind, Ltd. They are a cyber security company that holds more than 50 patents and other forms of intellectual property in information security, distributed ledger protocol, online messaging and cryptocurrency.
The SoftNote is Tectum’s re-think on how to optimally scale these famous blockchains or cryptocurrencies that struggle with both speed and fee constraints. By integrating with Tectum’s blockchain, they can facilitate liquidity transfer at drastically increased speed and reduced fees.
The SoftNote is a ‘transactionless’ product with instant payment zero-fee processing for the end-user. Therefore, it can be used person-to-person, sent over any messenger application as a picture file or sent by wallet to wallet. This scaling solution can accelerate these cryptocurrencies to be accessible for retail payments and general micro transactions. Tectum targets this retail market which is widely expected to rapidly increase adoption of cryptocurrency payments in the coming years.
The Tectum CEO recently featured on an interview with popular KOL Layah Heilpern, which gave an overview of the project and explained some differences compared to other scaling solutions like Lightning network for Bitcoin: https://www.youtube.com/watch?v=FPD6G3EfY78
$TET token is based on Tectum’s native blockchain with a total total supply of 10 million tokens. They have a bridge to the Ethereum network, with an ERC20 version of the TET token. The TET token provides the entrance into the Tectum ecosystem, and is the only way to mint SoftNote.
As a Gold sponsor of the Infinity platform, they are providing 25 thousand ERC20 tokens. The airdrop of $TET will be distributed over a period of 270 days to all users who locked their 10SET on Infinity premium airdrops.
Note that the token has not launched yet. Users will begin to see rewards on their Infinity dashboard from today, but tokens cannot be withdrawn to their private wallet until after the public launch on an exchange, which is planned for the near future.
To find out more information about Tectum, you can find their official links and social channels below:
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