Exciting news for the Tectum (TET) community as a major exchange listing has just been announced. Gate.io will be listing TET on Tuesday, March 5th, further expanding the project’s reach, especially into Asian markets.
As part of its Startup Project Free Airdrop Program that rewards platform users, Gate.io announced it will be listing Tectum (TET) on March 3rd, 2024 at 06:00 AM UTC. This program periodically launches free airdrops for promising blockchain projects in the Startup area. Gate.io VIP members and GT holders can receive various crypto tokens through these airdrop benefits.
The next project featured will be Tectum, the uniquely fast blockchain project that utilizes a Proof-of-Utility consensus model to achieve over 1 million transactions per second. This will expose the TET token to Gate.io’s large userbase and brings major exchange listing credibility. There also may be a chance that VIP members receive a TET token airdrop as part of the listing process.
New CEX listing!
— Tectum (@tectumsocial) March 1, 2024
Big News
🔹@gate_io will list $TET on Tuesday the 5th of March
🔹This will strengthen Tectums Softnote expansion into the Asian markets!
Read more here: https://t.co/c6FArCTX3p pic.twitter.com/tXRKb0E5wQ
Tectum currently sits around a $160 million market cap with a token price of $33. Its all-time high of $43 was reached in 2023. Major exchange listings have often driven price increases for crypto assets when announced, but whether this rings true for TET after the Gate.io addition remains to be seen over the next few days.
Tectum is unique in its use of a proprietary Proof-of-Utility (PoU) consensus mechanism described in its whitepaper. This optimized data distribution combined with Tectum’s blazing fast network protocol allows it to validate over 1 million digital events per second.
To put into perspective how fast this is, Bitcoin manages between 4.6-7 transactions per second, Ethereum 12-25 txs/sec, Cardano 250 txs/sec and Solana 29,000 txs/sec. Not only is Tectum the world’s fastest blockchain, but also boasts top-tier security and adaptability.
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Show more +The project’s flagship product is SoftNote, positioned as the first “transactionless” payment system with instant payment abilities and no fees for end users. The addition to Gate.io will further boost Tectum’s capabilities and offering as it continues expanding in the blockchain space.
The next few days will determine if the high-profile exchange listing drives the price up from current levels. However the long-term fundamentals remain strong for Tectum due to the incredible transaction speeds made possible by its unique PoU consensus model.
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