BSClaunch Research: TECTUM
KEY METRICS
Category: Utility Token, Network
Ticker: TET
Blockchain Network: Tectum
Token Supply: 10 million
Total Raise: 50,000 USD on BSCLaunch platform
A. INTRODUCTION
1. Project overview
Tectum SoftNote — The Layer 1 instant immutability fastest blockchain! SoftNote™️ 💸 The Ultimate Bitcoin Layer-2 Boundless Scaling Solution.
Tectum is the World’s fastest Blockchain that powers the SoftNote: The Ultimate Layer 2 Scaling Solution for BTC and Cryptocurrencies.
With central banks committed to debasing our currencies, the time for mass adoption of decentralized cryptocurrencies is now. But to bring about the mass adoption of cryptocurrency, there must be a better digital system for accepting and paying with digital assets. One that isn’t limited by the scalability, high fees, and poor UX of existing blockchains.
Introducing Tectum, building a globally accepted payments system for digital assets worldwide. Tectum delivers:
- 1.3million transactions per second — 5000x faster than Visa
- SoftNote — The world’s first decentralized digital cash asset — Capable of scaling any L1 ecosystem
- Global retail adoption and point of sale system for retailers to accept crypto
And Tectum Emission Token (TET) is powering it all. With a successful presale wrapped up, and already a $35million valuation. Tectum is now raising a Launchpad round to further decentralize TET token supply.
2. GO-TO-MARKET STRATEGY
The marketing strategy utilizing Airdrops events provides for the popularization of Softnote products, attracting both the payment audience and merchants and business owners who are ready to accept payments with banknotes.
B. PRODUCT DETAILS
1. PRODUCT VIABILITY
Firstly, the SoftNote system is significantly simpler in its design than Lightning, with therefore less points of failure and vulnerability. In addition, SoftNote adds a layer of privacy to Bitcoin that the Lightning Network cannot match, owing to transactions not needing to be ultimately settled on the main BTC chain, and not involving Lightning watchtower nodes.
2. TECHNOLOGY
SoftNote is built on the Fastest Blockchain Tectum. Tectum can come to fully decentralized consensus at over 1 million TPS, far eclipsing the speeds possible on other modern chains such as Solana, Avalanche or Polygon.
Second, despite its blistering speed, the chain incorporates distributed database functionality using its ‘Hashdrive’ technology, making it capable of replicating and storing vast volumes of data, without needing to store the data in the main chain’s block space, crowding out other transactions. This makes Tectum capable of data storage, limited only by the total available drive space of the chain’s available nodes.
3. PRODUCT DIVE
SoftNotes are used in real life to pay for goods and services, as well as for cross-border payments with minimal fees and no delays.
Mission Statement
What does SoftNote seek to do in the world?
- To enable the world to accept and spend crypto easier than fiat currency.
Purpose Statement
Why does SoftNote seek to do that?
- With central banks committed to debasing our currencies, the time for mass adoption of decentralized cryptocurrencies is now. But to bring about the mass adoption of cryptocurrency, there must be a better digital system for accepting and paying with digital assets. One that isn’t limited by the scalability, high fees, and poor UX of existing blockchains. Softnote seeks to be that additional layer to complement existing blockchains, building a globally accepted payments system for digital assets worldwide.
Value proposition
How does it do that?
- Digital Cash
- No Fee, No strain on the underlying chain. Digital cash redeemable for BTC, ETH, LTC, USDT, and more.
- Global retailer acceptance
- Spend your SoftNote anywhere it’s accepted, with more retailers added daily.
- UX for Mass Adoption
- Let retailers pay the fees, and our wallet takes care of keys. SoftNote abstracts away all the complexity of crypto for the everyday user.
Audiences
Who does it do it for?
- Cryptocurrency Users
- SoftNote gives crypto investors a way to spend their crypto, without impacting the underlying blockchain.
- Retailers
- Softnote gives retailers an easy way to accept crypto, with a purpose-built POS system and wallet for retailers.
Features
What does it do for them?
- SoftNote
- Decentralized Digital Cash Redeemable for BTC, ETH, LTC or USDT.
- Tectum Blockchain
- The World’s Fastest Blockchain. Built for global transaction usage. Up to 5000x faster than Visa at 1.3million transcations per second.
- Softnote Wallet
- A custodial wallet for your SoftNote. Pay with Softnotes as easy as ApplePay.
- NotePay
- A decentralized, non-custodial wallet for your SoftNote. Paying with SoftNotes is as easy as ApplePay.
4. PROJECT ROADMAP
Tectum Blockchain Launch -> Tectum Wallet Launch -> SoftNote product Launch -> First early adopters of the SoftNote -> New SoftNote Wallet -> Expanding SoftNote product, onboarding merchants -> SoftNote Mass Adoption
5. REVENUE STREAMS
C. TOKEN ECONOMY
1. TOKEN UTILITIES
$TET is used for:
- Transaction fees, paid by retailers
- Payment for Minting SoftNotes
The TET token is the only way to mint SoftNote, when TET is used to mint SoftNote it returns to the company who then owns that TET and the value thereof.
2. FUNDRAISING STATUS
Seed Sale
Fundraised: 2,859,873 USD
Price: 2 USD
Lock-up: 100% of tokens are locked up for 12 months and then a monthly conversion limit is applied over 10 following months, with 10% convertible each month.
Private Sale
Fundraised: Non-disclosed
Price: 3 USD
Lock-up: all tokens are unlocked, with a monthly conversion limit applied for 10 months and 10% convertible monthly
Public Sale
Fundraised: 2,800,000 USD
Price: 3.5 USD
Lock-up: all tokens are unlocked at TGE with a monthly conversion limit applied for 10 months and 10% convertible monthly
3. USE OF FUNDS
Marketing, Development
4. TOKEN DISTRIBUTION
Staking/Nodes — 20%
Seed Sale — 5%
Private Sale — 15%
Liquidity & CEX and MM — 12%
Public Sale — 8%
Team & Advisor — 15%
Marketing & Listings — 10%
Development — 10%
Service Provider — 5%
5. TOKEN RELEASE SCHEDULE
Please check Tectum Tokenomics: https://docs.google.com/spreadsheets/u/0/d/18Fk3EBkhPgWM1hpMxHiEi7ekIBjkjwOLJDQwTcvKnPA/htmlview#
ABOUT TECTUM
Tectum was developed by Crispmind, a Chicago-based software development firm with decades of combined experience and a focus on quality, cost-effectiveness, and customer ease of use.
About BSClaunch
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