What is TNC Coin? TNC Coin is the native cryptocurrency of a smart contract-based Blockchain network that offers high transaction speed and security. cryptocoin.com In this article, we have answered the questions such as what is TNC Coin, what it offers, what does TNC do, how to get it. Let’s examine this Ethereum-like smart contract platform together.
What is TNC Coin?
TNC Coin is a Blockchain network created by TNC IT Group, an IT company. This Blockchain network offers users high speed, scalability and security. Accordingly, users can process extremely fast within the TNC network, which can process 300,000 transactions per second. The network uses the Proof-of-Merger mechanism to provide this speed. Users can develop their own products with smart contracts within the TNC network.
What does TNC Coin offer?
Within the TNC Coin network, users can develop their own dApps and tokens. The developers involved benefit from the extremely fast network. Basically like Ethereum, the TNC network has its own smart contracts. For example, users who want to generate tokens can use the TNC-21 smart contract. At the same time, the network also allows users to test their dApps. It offers enterprise-grade security and immutable assets. Accordingly, all transactions and assets are encoded into the Blockchain.
What does TNC do?
TNC Coin, the network’s native cryptocurrency, has many use cases. These include paying gas fees, staking and ensuring decentralization. Accordingly, TNC Coin holders have the advantage of locking their assets into smart contracts with a certain maturity. Locked assets bring additional token rewards to the user at maturity. This allows them to earn passive income.
Additionally, TNC uses a consensus mechanism called Proof-of-Merger. This mechanism facilitates automatic TNC Coin burning. This mechanism makes competition possible on fair terms, reducing TNC’s supply in the market. The value of the assets whose supply is decreasing is protected in a healthier way. TNC Group aims to burn 800 million of the token’s total supply of 1 trillion units. Such a burn has the potential to trigger a massive appreciation in the price of TNC Coin.
What is TNC Coin? How to take
Users who want to buy TNC Coin must first find a cryptocurrency exchange that lists the token. These exchanges include exchanges such as WhiteBIT, HitBTC, Bittrex, Digifinex and CoinTiger. These exchanges include some trading pairs of TNC. Interested investors should deposit funds into their wallets after signing up for one of these exchanges and verifying their accounts. Once they do, they can purchase TNC Coin by following the purchase steps for the token.
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