2024

Tectum

Bitcoin

<h4>Bitcoin and its spot ETF approval have recently been in the spotlight. All this has sparked a spin-off effect on all Bitcoin-related protocols. As a result, Tectum has been on fire. Its TET price soared to an ATH. It saw an increase in price of, 1066% since October 2023.</h4> 
So, let’s take a closer look at what recently has been happening at Tectum. 
<blockquote class="twitter-tweet"> 
 ETF Viability! 
 The fight for low fee <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETFs has begun with blackrock offering starting fees of 0.2%. 
 This is only viable whilst using a ‘cash’ basis but will be impossible without Softnote once ETFs move to a ‘in kind’ basis. 
 Bitcoin softnote transfer fees are capped at… <a href="https://t.co/mMPZE6pcCq">pic.twitter.com/mMPZE6pcCq</a> 
 — Tectum (@tectumsocial) <a href="https://twitter.com/tectumsocial/status/1744339657037328724?ref_src=twsrc%5Etfw">January 8, 2024</a>
</blockquote> 
<h5>TET Is on a Run</h5> 
The $TET token is experiencing a remarkable rally. On 27th December, it entered the top 400 by market cap. However, on 7th January, $TET already entered the top 200. Currently, it takes 192nd spot. That’s a wild run, and it seems this is not the end yet, either. 
If we look at the price development, it’s similar. From $9.95 on 25th December to a new ATH of $45.03 on 7th January. The current <a href="https://www.coingecko.com/en/coins/tectum" target="_blank" rel="noopener">TET price</a> is $35.45. The market cap is $258 million. However, over the last 30 days, we saw a price increase of 200.7%. Over the last 14 days, TET has been up by a staggering 146%. The max and total supply is 10 million TET tokens. Out of these, 7.24 million tokens already circulate. So, there’s no chance of a supply shock. All this looks very healthy. 
On 29th December, CoinGecko posted on X that $TET took the #1 spot for top trending coins that week. Beating, among others, <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a>. So, yes, Tectum is riding on the Bitcoin spot ETF news. This could just be the beginning. Being positioned as a top L2 on Bitcoin, demand will only grow once the SEC approves the spot ETFs. 
As a result, Tectum has received plenty of offers from CEXes to list the $TET token. 
But it’s not all about price. Other great things are going on too. News and developments are helping to justify these price increases. Here are 3 of them……. 
<blockquote class="twitter-tweet"> 
 Top 30 Trending Coins on CoinGecko <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98e.png" alt="🦎" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 This week, we see <a href="https://twitter.com/search?q=%24TET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TET</a> (<a href="https://twitter.com/tectumsocial?ref_src=twsrc%5Etfw">@tectumsocial</a>) coming in at first place, followed by <a href="https://twitter.com/search?q=%24FEG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FEG</a> (<a href="https://twitter.com/FEGtoken?ref_src=twsrc%5Etfw">@FEGtoken</a>) and <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> (<a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a>). 
 Got any of these in your bag?<a href="https://t.co/gKTgOPOKUi">https://t.co/gKTgOPOKUi</a> <a href="https://t.co/IWYRpzEhDn">pic.twitter.com/IWYRpzEhDn</a> 
 — CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1740689218337440203?ref_src=twsrc%5Etfw">December 29, 2023</a>
</blockquote> 
<h5>Staking and Incubation</h5> 
Since 1st January, Tectum now offers staking for their $TET token. During the first 6 months, Tectum offers no less than 25% in staking rewards. See our <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/3-crypto-passive-income-strategies/" target="_blank" rel="noopener">recent article</a> about this. On the 9th of January, they already hit a TVL of $40 million.&nbsp; 
<blockquote class="twitter-tweet"> 
 Huge Total Value Locked! 
 In one week over $25 million worth of <a href="https://twitter.com/search?q=%24TET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TET</a> has been staked towards nodes and $40 million over all tectum staking platforms. 
 This demonstrates huge belief from the community in the future of the Blockchain and Bitcoin Softnote! 
 Stake now:… <a href="https://t.co/a8nLtpMi9y">pic.twitter.com/a8nLtpMi9y</a> 
 — Tectum (@tectumsocial) <a href="https://twitter.com/tectumsocial/status/1744470469263147181?ref_src=twsrc%5Etfw">January 8, 2024</a>
</blockquote> 
As a result of offering staking options, the first incubation has also started. Tectum Labs received hundreds of proposals to start building on their chain. So, the first incubated project is Jobs3. Think Fiverr or Upwork, but now on-chain. It connects people looking for a job with those who are offering freelance positions or work. It’s a global service, so location doesn’t matter. Most importantly, you don’t need a bank account. Keep in mind that if you hold 100 $TET, you gain exclusive access to Tectum Labs early presales and beta products. 
<blockquote class="twitter-tweet"> 
 Incubation Announcement! 
 After hundreds of applications Tectum Labs first incubation will be <a href="https://twitter.com/JOBS3_io?ref_src=twsrc%5Etfw">@JOBS3_io</a> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;">Decentralised DAO based employment platform <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Employing the Unbanked <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> 12 months incubation 
 Holding 100 <a href="https://twitter.com/search?q=%24TET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TET</a> gets exclusive access to Tectum Labs early presales and… <a href="https://t.co/kvENsPHtlE">pic.twitter.com/kvENsPHtlE</a> 
 — Tectum (@tectumsocial) <a href="https://twitter.com/tectumsocial/status/1743578709645291597?ref_src=twsrc%5Etfw">January 6, 2024</a>
</blockquote> 
<h5>SoftNote Website/WordPress Plugin</h5> 
The SoftNote merchant website/WordPress plugin is now in the final testing phase. So, you can accept anonymous off-wallet Bitcoin <a href="https://www.altcoinbuzz.io/?s=softnote" target="_blank" rel="noopener">SoftNotes</a> for payments or donations. This is of interest to, for instance, merchants, website owners, freelancers, and bloggers. Everybody who wants to receive payments with SoftNotes. 
It proves once more that the Bitcoin SoftNote is on to something. It’s the most scalable, low-barrier-to-entry payment solution. The best part is that it works for Web2 and Web3 users and businesses. 
<blockquote class="twitter-tweet"> 
 Mass Adoption Development Announcement! 
 The softnote merchant WordPress plugin has now been developed and is in testing. 
 This now means that any online merchant, blogger or website can accept off wallet Softnotes for payments or donation. 
 Integration instructions coming soon! <a href="https://t.co/oD81BiqDuy">pic.twitter.com/oD81BiqDuy</a> 
 — Tectum (@tectumsocial) <a href="https://twitter.com/tectumsocial/status/1738517880248148392?ref_src=twsrc%5Etfw">December 23, 2023</a>
</blockquote> 
<h5>New Partnerships and 2024 Roadmap</h5> 
During the last couple of days in 2024, Tectum announced two new partnerships. First, they partnered with <a href="https://twitter.com/tectumsocial/status/1739985001087979931?s=19" target="_blank" rel="noopener">GetBlock</a>. They will run Tectum nodes.&nbsp; Tectum has integrated a GetBlock module into their Web3 education bot TIM. 
The next and second partnership is with Ator. This is a massive technological partnership. Ator is a fork of the Tor network. They’re known for their focus on privacy and technological prowess. As a result, Tectum recognizes that their visions are immensely well aligned. 
Tectum has more exciting milestones lined up for this year. These include, among others, 
<ul> 
 <li>Lightning-Fast dApps&nbsp;</li> 
 <li>Incubated Projects&nbsp;</li> 
 <li>Bridged ERC20, Solana, and BEP20 Tokens&nbsp;</li> 
 <li>Instant Cross-Border Remittances&nbsp;</li> 
 <li>True crypto anonymity&nbsp;</li> 
 <li>AI Integration with blockchain </li> 
</ul> 
<blockquote class="twitter-tweet"> 
 Big New Partnership! 
 Tectum has partnered with <a href="https://twitter.com/atorprotocol?ref_src=twsrc%5Etfw">@atorprotocol</a> a project with the same privacy ethos. This includes: 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> ATOR as Tectum node holders <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Running Tectum privacy dApps on ATOR’s DePin network <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> TIM bot Ator education module 
 Tectum has minted 4 ATOR Relay NFTs in… <a href="https://t.co/5YAecaFkMI">pic.twitter.com/5YAecaFkMI</a> 
 — Tectum (@tectumsocial) <a href="https://twitter.com/tectumsocial/status/1740417514327130614?ref_src=twsrc%5Etfw">December 28, 2023</a>
</blockquote> 
<h5>Conclusion</h5> 
Tectum has seen a serious influx of attention at the end of 2023. This continues into the first 10 days of 2024. For example, the TET price skyrocketed to a new ATH. This goes all hand in hand with the Bitcoin spot ETF approval media wave. So, you can expect more uptrend for Tectum, TET, and SoftNotes if the Bitcoin spot ETFs get approved. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="Tectum" width="714" height="88" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" sizes="(max-width: 714px) 100vw, 714px"></a> 
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Disclaimer 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Tectum. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/product-release/tectum-is-on-the-rise-here-are-the-latest-developments/">Tectum And Its Latest Developments</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Tectum And Its Latest Developments

Altcoin Buzz

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