<h2>What is tectonic crypto?</h2><img src="https://lh6.googleusercontent.com/O04oa_Xe8ZgaB4-OiZ5M1PSFqNusy3b9C_Dg7PrN7BCvlwONnXHVTwOhoRim0hEUYulKKZ0zHvJehC6Q1FoSoAPUMR8A2amGW6Ed6HKU6SnEqya_Sajm94zhFPRwxvVz3f-PxhjmQ9nmA9xZ-fzO4HkKyKlH7xmntZMHZEmNZy1Z3p-WX6NE3Bq5XQ" alt="What is tectonic crypto?" title="What is tectonic crypto?" width="624" height="312">On the Cronos blockchain, Tectonic is a cross-chain loan platform and protocol-based, non-custodial, <a href="https://www.builder.news/crypto-insights/general-knowledge-about-defi-1yU8n" alt="General knowledge about Decentralized Finance" title="General knowledge about Decentralized Finance" target="_blank" rel="" class="">decentralized currency marketplace</a>. With Tectonic, people can take part as lenders or borrowers of liquidity. Users who want to earn passive income contribute liquidity to the market, while borrowers who want to borrow liquidity can do so in a mortgage-style transaction.Compound, a tried-and-true protocol, and Tectonic have architecture and protocol designs in common. By using its native token TONIC, Tectonic, on the other hand, adds a compelling incentive scheme. The Tectonic protocol's overall goal is to give customers access to a variety of safe, frictionless, and secure cryptocurrency services.Some of the features that make tectonic unique are mentioned below:Low transaction costs: Tectonic will be able to overcome obstacles caused by Ethereum's high transaction costs by relying on the Cronos network. One of the minor elements that contribute significantly to user retention in any Defi ecosystem is transaction costs, especially for novice investors who frequently engage in little transactions. In comparison to Ethereum, Cronos' transaction fees are quite reasonable at only roughly 0.1 USD. This encourages regular investors to engage in transactions at a lower cost.Smart positioning strategy: The Cronos platform was chosen as the location for construction, leading one to believe that Cronos will be the main focus of Tectonic. To become a multi-chain interoperability protocol between Cosmos and Ethereum, Tectonic has increased the number of its clients. Tectonic will expand its user base with the use of a cross-chain development plan. Consequently, allowing users to use Cosmos or Ethereum-based assets for profit will draw additional liquidity to the protocol.<h2>How does tectonic crypto work?</h2><img src="https://lh6.googleusercontent.com/sQo7h_GrhE8H_-3EqQDcKCgk4Bp8FnATaES6H0XmeFeZWuWwsKXoUJEvEFrx1urcWPpnD6B1I_Uep00v5UZYFax_Y11fxuVvz_tp-FVZUY7w_X1_2toKu_Ma0EKbVIx8Yv_-6y5W4sPnKtYsdGySaAkoItqpB2MLKp8zoDPr9D9Vlf48Zjaj9YagvQ" alt="How does tectonic crypto work?" title="How does tectonic crypto work?" width="624" height="351">The three main modules that make up the Tectonic protocol are the interest rate mechanism, the liquidation module, and the community insurance module.The interest rate mechanism:&nbsp; Similar to money market protocols like Compound, the interest rate mechanism adopts a variable interest rate model. The utilization rate and supply and demand in the lending pools are used to generate an algorithm that calculates interest rates. At the start of a lending pool, the Tectonic team establishes interest rates and other criteria, with rates divided into two stages. Interest rates follow a linear slope up until a point of high usage. After that, rates are determined using an upward-sloping curve to account for the rising liquidity demand.The liquidation module: In order to encourage liquidators to maintain the stability of the system, the liquidation module liquidates its undercollateralized borrowing position. The core team will also serve as one of the liquidators up until a predefined number of liquidators is reached. Later, a governance vote will choose whether to relieve the core team of their liquidator duties.The community insurance module: The community insurance module will become operational in the first quarter of 2022 and serve as a tool for mitigation in the event of a "shortfall occurrence." According to Tectonic, this is a circumstance that could be harmful to the protocol's functionality, such as smart contract risk, liquidation risk, or oracle failure risk. In exchange for helping to protect the protocol, users can stake their TONIC and get stTONIC. However, in the event of a shortfall, their stake could be reduced as the money is put toward repairing the harm. Additionally, traders will be allowed to hold their positions for no less than 90 days and collect a portion of the protocol's swap fees.<h2>Tectonic crypto token</h2><img src="https://lh4.googleusercontent.com/bUcmPbETjerqjRJusmHesOEKUIxsQDIavYqAuhp-zcFuPCjzQK-8SSdKHzpPbmg-UmHhA3-KbSxBjBuXKUGX0gbzhodDCdj9AErgVfjUXNh79vtXHs1LzVI3o91m7M-UUhu_kY0CvE6MlMrMFNNl6jsFflwC5uOw9yZMwrVcQFEswhz8gi9sA4jpDQ" alt="Tectonic crypto token" title="Tectonic crypto token" width="624" height="392">Tectonic crypto price (Source: CoinMarketCap)The ecosystem's incentive mechanism is powered by $TONIC, the native token of the Tectonic protocol. 500 trillion tokens are available in total on TONIC. Potential investors are skeptical because of the token's relatively absurd supply. However, the development team has reaffirmed the strong spread of its asset.Because of the network's expansion since the Tectonic project's inception, TONIC's market price has increased significantly. The cross-chain DeFi dashboard, Ape Board, recently onboarded the Tectonic project due to its worth, which has drawn interest from stakeholders in the cryptocurrency field. The Tectonic platform is supported by another protocol called VVS Finance. The network's huge token giveaways are another factor contributing to the increase and growing interest in TONIC.Tectonic (TONIC) was listed on December 23, 2021, with an initial price of $0.000004027 and a trading volume of $7,695,883, according to historical data gathered by Coinmarketcap. On the same day, TONIC attained its ATH of $0.000004029. A few days later, the token saw a significant drop in trading volume and price as a result of huge selloffs and the overall collapse in the cryptocurrency market.The cost of TONIC reached its all-time low (ATL) on January 24, 2022, at a price of $0.0000004014. Over the course of 30 days, TONIC originally showed a positive momentum as the coin hit a high of $0.000001903 before seeing a decline in value.With a $708.470 USD 24-hour trading volume, the Tectonic price is $0.0000001031 now. With a live market cap of not available, CoinMarketCap currently ranks #2919.<h3>Tectonic crypto price prediction</h3><img src="https://lh6.googleusercontent.com/17AsdW9jUiGNGsRjOXry54tBrAS4M6xY1zEO06YpPkkxA9GdcIQvP_d33QD7hQ70OFs4zWQFa87_WINaNjJP6H1T7er_aRrLYgsr9uF4GMT9HK7w3pnJEgKQYxDabpkCRqTflXmOcyqlYVc54hwOIRWfahy7Kc_370O0cD3vqvaj0dQxRdtmP0qj9g" alt="Tectonic crypto price prediction" title="Tectonic crypto price prediction" width="624" height="436">(Source: Crypto.com)The price movement of Tectonic is determined by supply and demand, just like it is with any other asset. Fundamental occurrences like halvings, rules, acceptance by businesses and governments, cryptocurrency exchange hacks, and other actual occurrences have an impact on these dynamics.According to a recent Tectonic price study, the digital asset is moving downward. As the price moves closer to the channel's support, the pattern will likely be finished soon. Since the middle of August, the digital asset has been in a channel of decline. The price is at $0.0000001031 and is about to reach the support of the channel at $0.0000001174. The price is below the moving average lines, which suggests a short-term negative trend.The overall supply of Tectonic has topped $1 billion, and it has enormous growth potential. The price forecasts for the long run are fairly strong and upbeat. In the upcoming years, it is anticipated that the coin will hit new all-time highs. The TONIC price trend appears to be declining in the medium term, but it is predicted to stabilize by 2023. Industry insiders believe TONIC is a long-term investment that will pay off.Many traders attempt to keep an eye on the behavior of TONIC "whales," organizations, and people in control of significant TONIC holdings when developing a Tectonic forecast. Tectonic market is quite small in comparison to typical markets, therefore "whales" might create a lot of commotion and affect the market's price changes.<h2>Tectonic recent updates</h2><img src="https://lh3.googleusercontent.com/INeuUYn1F1gsMfr-vlrwnsl3q85yjaCT2dbqFGnWN4bj5vYkpjbkfEMZ2lk0CS6jNwZeB-uX2cpkJkZmS86dg45fnLGwKnJzAkohLvgb2aOBFbr1cZELS3gOo074pa-Hreh-TQmgdQEk_8ooEfTgnUbfOGwM9Vt3MCBqQnPcuWpmYcrCzUnWXuhhZw" alt="Tectonic recent updates" title="Tectonic recent updates" width="624" height="351">(Source: Tectonic Medium)On March 11, 2022, the launch of token staking was one of the most seismic events. This enables token holders to stake their tokens in exchange for yield, including a portion of the money made from the fees that borrowers pay for their loans. Staking is an independent function of the TONIC money market. For an airdrop of tokens that they could also add to the staking pool, TONIC holders who were included in a wallet snapshot in January were eligible.Stakeholders of TONIC are rewarded with xTONIC. The exchange rate will increase over time as "the protocol will direct 50% of all protocol revenue (from liquidation fees and loan repayment fees) into the staking module contract, which will be converted programmatically by smart contracts into TONIC via other decentralized exchanges, such as VVS Finance."Based on how much xTONIC was produced relative to how many TONIC were in circulation, the TONIC and xTONIC exchange rate on the tectonic cryptocurrency market is determined. The staking module will buy more TONIC from the market as more users take out and repay loans, decreasing the token supply and raising the price.The staking module will allow stakers to withdraw their tokens at any moment, but they must wait 10 days to get their money.In addition, Tectonic intends to establish an insurance fund, which it will finance with 10% of the interest that borrowers pay, in order to cover undercollateralized loans in the event that they are not repaid. This might take the form of greater community engagement programs, supporting partner development projects, or providing users of Tectonic with extra rewards. However, the detailed plan has not yet been released and will be updated soon.<h2>FAQs about tectonic crypto&nbsp;</h2><h3>How to buy tectonic crypto</h3>To become the owner of tectonic crypto, investors have to follow the steps:<ul><li>Choose the exchange to trade which has listed the tectonic crypto token.</li><li>Connect a <a href="https://www.builder.news/crypto-insights/6-best-web3-wallets-for-investors-to-use" alt="7 best Web3 wallets for investors to use" title="7 best Web3 wallets for investors to use" target="_blank" rel="" class="">web3 wallet</a> to the exchange.</li><li>Start buying the asset.</li></ul><h3>Where to buy tectonic crypto</h3>Only three exchanges are now open for the purchase of TONIC, which are: VVS Finance, HotBit, and Crypto.com.<h3>Is tectonic crypto legit?</h3>The Compound protocol, one of the most secure protocols, has a fork called the Tectonic protocol. The transactions of Tectonic have also been examined by Slowmist, a security firm for the blockchain ecosystem. However, both the Tectonic platform and the TONIC currency are still in the very early stages of development. The utility of the token is currently in doubt, and purchasing TONIC decision should be made carefully.<h3>Is tectonic crypto a good investment?</h3>One billion TONIC tokens may be purchased for less than $150 at the time of writing. This makes it one of the least expensive tokens to purchase. However, it does not follow that TONIC's value would increase greatly, so investors should proceed cautiously. On the other hand, if the present bear market in cryptocurrencies ends and the Tectonic protocol launches measures to boost interest in the TONIC token, the price may be expected to rise sharply.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

The first lending platform built on Cronos shouted out to Tectonic crypto. Tectonic is a multi-chain currency marketplace that allows users to earn passive profits and access instant-backed loans. Let’s find out what exactly it is and whether should we invest in it!

Does tectonic crypto deserve to be the top lending platform?