The official digital currency of TNC is TNC Coin. It plays a crucial role in all of the operations and transactions that take place within the TNC ecosystem. The ecosystem is anticipated to expand continuously on the TNC mainnet.
TNC Coin will be put to use in an open-source network where programmers can fork and produce TNC-21 standard tokens by developing applications on the TNC mainnet.
Who Are the Founders of TNC Coin?
TNC was developed by TNC IT Solutions Group. Established in 2018, the company provides blockchain development, security and consultancy services
Ethan Lee is a C-level executive in the IT and fintech industry who considers blockchain technology to be a fundamental element for building creative solutions, enhancing experiences and achieving technological progress. Lee worked for 5 years at Hyundai Heavy Industries Co., Ltd as a manager and served as Head of I&C Department at Samsung C&T Corporation for over 10 years.
Jason H. Jang is a co-founder who officially stepped down as CEO of TNC Coin due to personal obligations in August 2022. Another ex-CEO and co-founder of TNC IT Group is Bruce Jeong.
Currently, Jon "DRJ" Najarian is the Chairman of TNC IT Group. He was a linebacker for the Chicago Bears before trading on the Chicago Board Options Exchange. He is now a host on CNBC, a professional investor, money manager and markets analyst.
What Makes TNC Coin (TNC) Unique?
TNC Coin is a blockchain architecture with high scalability and strong security that was developed to meet the needs of the dynamic cryptocurrency market.
The Proof-of-Merger consensus was introduced by TNC to support the M&A initiatives. The Proof-of-Merger consensus aims to equalize the price of crypto assets by enabling automatic token burning. Burning tokens is a method for driving up and stabilizing cryptocurrency market prices. As a result, Proof-of-Merger ensures that the terms of the crypto M&A token swap agreement are fair for both merger companies and customers.
The TNC mainnet claims to provide enterprise-grade security, asset immutability and a highly scalable network.
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How Many TNC Coin (TNC) Coins Are There in Circulation?
TNC Coin is the native token of the TNC platform, it has a total supply of 196,719,999,947 TNC with 5,851,183,164 TNC in circulation, at the time of writing. According to their official website, TNC is used for partner allocation (25%), TNC reserves (20%), investors (10%) marketing (10%), charities (10%), R&D (10%), business development (10%) and operational expenses (5%). However, TMOND is the utility token for the TNC ecosystem which will be used to “pay for gas fees, deploy smart contracts, and ultimately make the TNC network more efficient.”