As of March 2024, besides the advantages of transparency and the ability to transfer assets across borders, blockchain still faces challenges in transaction speed. Ethereum expansion solutions or Layer 1 blockchains such as Solana , Aptos , Sui ,... confirm that transaction speeds can be up to 80,000 TPS. However, the actual speed is lower than the theory, slowing down the mass adoption process of crypto with businesses around the world.
Tectum has been built to solve this problem with a TPS exceeding the 3.5 million mark. Tectum can even transfer Bitcoin (BTC) instantly with Gas Price under 0.1%.
Introducing Tectrum (TET) - the blockchain that owns the world's fastest crypto payment solution
What is Tectum?
Tectum (TET) is a system of solutions that help improve blockchain operating processes such as transaction authentication, Block creation,... thereby increasing transaction speed.
Some outstanding products/services of Tectum Softnote include: Tectum blockchain, SoftNote, Wallet. All serve a goal of enhancing crypto trading and payment capabilities for businesses and retailers.
Tectum's current products/services
Tectum blockchain
This is Tectum's Layer 1 blockchain with a theoretical capacity of exceeding 1 million TPS. In fact, the project has been tested and proven to create a world record with the ability to process 3.5 million transactions per second.
Currently, with blockchains, the higher the level of network security, the more likely the transaction speed will be slow, which is a common trade-off.
However, with Tectum's approach, instead of storing on-chain, the project only stores the Hash part directly connected to the original data on chain. Thanks to that, we can see impressive TPS numbers from this blockchain.
SoftNote
SoftNote is a product that transfers cryptocurrencies like Bitcoin, Ethereum , TRON instantly without fees. It is like a document with the same value as cash, representing ownership of a Bitcoin wallet address. To access the wallet, simply log in to the SoftNote platform.
With a Layer 2 orientation on Bitcoin , this solution implements fast and anonymous transactions by handling handovers instead (can be understood as advance tickets).
SoftNote bills will be Mint on Tectum applications and the amount of crypto assets will be retained for storage.
SoftNote can even be printed in real life. Besides, SoftNote can also be sent via any social networking platform such as Whatsapp, Weibo or Telegram.
Wallets
Wallet is the door that helps Tectum customers participate in the SofteNote ecosystem. Users can trade, send and receive TET (project's native Token ) with almost zero fees and fast speed.
This will be one of the useful and convenient crypto support solutions for traditional businesses, thereby promoting the mass adoption process even more strongly. Product links: https://wallet.softnote.com
Outstanding features of Tectum
Instant Money/Asset Transfers: SoftNote Tectum can increase the transaction speed of Bitcoin and other cryptocurrencies thanks to its smart approach. As stated above, the TPS number can be up to more than 3.5 million transactions, faster than Ripple (XRP), Visa and even Mastercard.
Free transactions: The service only charges retailers who accept payments with SoftNote, not users.
Decentralized payment: All transactions are maintained in a decentralized state, thereby creating trust for users in both the short and long term.
Outstanding numbers
According to Tectum's latest weekly updated data, the project possesses impressive parameters:
Testing speed reached 3.5 million TPS, an increase of 233% compared to the old record of 1 million TPS.
The number of SoftNote bills Mint is more than 1.7 million.
More than 58,000 Tectum Wallet users.
The total number of transactions exceeded 51.3 million.
The estimated liquidation in the system is 33.7 million USD.
More than 1.1 million TET Token are locked.
Project team
The team behind Tectum has many prominent faces in the industry, notably:
Russell Sean Brooks : CEO Tectum & CrispMind. Previously, he graduated from Kings College London and worked at Quantum Medical Research.
Alex Guseff : Chief Architect & Founder Tectum. He is the chairman of the board of directors at CrispMind.
Investors and partners
Tectum's Capital rounds
Tectum has completed the Presale round at a price of 1 TET = 3 USD. Total successful mobilization of 4.2 million USD on June 30, 2023.
Investors and partners
Tectum blockchain has some prominent partners such as Unstoppable Domains, Redmine, Monday. These are technology partners, in addition, there are some other notable names in the crypto market such as OKX , Uniswap ,MEXC ,...
Tectrum Tokenomics (TET)
Main parameters
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 USD
Market Cap: 206,094,212 USD
Uses of Token
Mint 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
Token allocation
Below is the allocation of TET Token:
Seed Sale (5%): 500,000 Token are 100% unlocked at TGE.
Private Sale (15%): 1.5 million Token will be 90% locked and 10% unlocked at TGE.
Liquidity - CEX & MM + Ecosystem Marketing (55%): 55 million Token unlocked 100% at TGE.
Public Sale (5%): 500,000 Token 100% unlocked at TGE.
Team (10%): 1 million Token will be locked 100% within 24 months, then vested regularly for the next 10 months.
Advisor (5%): 500,000 Token cliff 6 months then vesting regularly for the next 12 months.
Token Lockup schedule
Where to buy and hold TET?
Currently, investors can buy, sell and trade TET Token on centralized exchanges such asMEXC , Gate , Bitget , BingX , etc. And on decentralized exchanges, you can trade on Uniswap v2, SmarDex. ..
Development roadmap
Regarding the development roadmap, in 2024, Tectum will focus on the following goals:
Q1/2024: Organize a record TPS event
Q2/2024: Will deploy Tectum SDK Mode and Mass Adoption campaign as well as EPoS System v2.0
Q4/2024: SoftNote DEX will be launched to the community
Official Media channels
Summary link: https:// Bit.ly/tectumlinks
In this summary link, there will be full information about the media channels of the Tectum project and of sub-product branches such as SoftNote or Wallet. And of course will include detailed links such as Twitter, Telegram,...
summary
Tectum is a name that is attracting the attention of the crypto community in the early part of 2024 with a set of solutions to improve the speed of global payment transactions such as: SoftNote, Wallet,... Business model and Tectum's approach to the blockchain TPS problem is interesting. However, Tectum will need time to prove the effectiveness of this special set of solutions.
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