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$TEC Token
On 1/21/2024, $TEC officially launched on the Harmony Protocol Blockchain. The main purpose of the $TEC token is to build a sustainable financial ecosystem that offers incentives to the DAO, liquidity providers, and ecosystem contributors. Furthermore, the DAO allows token holders to be involved in the governance of the protocol.
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SUPPLY AND DISTRIBUTIONS
Total Supply : 500,000,000
Developers
25,000,000 (5%)
Airdrops/Rewards
100,000,000 (20%)
Treasury Reserve
50,000,000 (10%)
Liquidity Pools
325,000,000 (65%)
CONTRACT ADDRESSES
$TEC : 0x0DEB9A1998aAE32dAAcF6de21161c3E942aCe074 (Harmony)
SWAP ONE/TEC LP : 0xfac981a64ecedf1be8722125fe776bde2f746ff2 (Harmony)
SWAP ONE/1sDAI LP : 0x90bfca0ee66ca53cddfc0f6ee5217b6f2acde4ee (Harmony)
TEC Viva DAO Fund : 0x30A0Bb8F3e6AB88c08852E92e60f710a67417C8f (Harmony)
TEC Safe (Multisig) : 0xFBD1b5568D029185DE9610ee53720EffBa81113c (Harmony)
TEC Rewards Fund : 0x9E97e2365e068ca62F35E0c71c6af2679987eC8C (Harmony)
TEC Treasury Reserve : 0x95fCbB05007b1a0eD8344282ADAB335b9F765f4A (Harmony)
What is the utility of $TEC?
- Governance token - HODL for greater contribution to $TEC protocol governance.
- Support the $TEC protocol by providing liquidity to the protocol Liquidity Pools and earn trading fees and opportunities for rewards.
- Trading within the protocol owned liquidity pools will collect 50% trading fees for users that vote within DAO supported proposals. Trading fees will be converted to $TEC and sent to the DAO fund for governance administration. At the conclusion of each governance proposal, the fees collected will be distributed in accordance to governance standards.
- $TEC is available on https://info.swap.harmony.one