Tenet (TEN) IFO to be Hosted on PancakeSwap

CAKE holders, we are proud to announce Tenet (TEN) as the next Initial Farm Offering to be hosted on the PancakeSwap IFO platform.

What is Tenet (TEN)?

Tenet is a cross-chain Automated Market Maker (AMM) connector that provides a decentralized Liquidity Tap for various tokens. The Liquidity Tap is the powerhouse of the Liquidity Pool, employing a dynamic algorithm to give the Liquidity Provider fairer, more efficient, and richer incentives.

Tenet aims to build a cross-chain and cross-platform toolkit protocol that allows the demand side to customize the parameters of the liquidity tap, allowing them to reach out to more liquidity participants effectively and with relative ease. For token holders, Tenet is an integrated platform for yield farming. In contrast to most AMM platform’s high knowledge threshold and discreteness, Tenet provides a smarter and more convenient mining platform and ensures fair allocation of mining rewards through the optimization of the algorithms of initial mining incentives and LP token pools.

IFO Sale Details

Sale date/time: Tuesday 5th January 2021 at 3pm — 4pm SGT

Amount to be raised: $1,000,000 USD in CAKE-BNB LP tokens

Tokens to be sold: 1,000,000 TEN (13% of total TEN supply)

Price per token: 1 TEN = $1 USD

Initial Circulating Supply: 1,500,000 TEN (1,000,000 TEN on BSC and 500,000 on ETH)

Method: Overflow (see below)

To participate in the IFO:

Before Sale:

1. Buy CAKE and BNB tokens
2. Get CAKE-BNB LP tokens by adding CAKE and BNB liquidity

During Sale:

1. While the sale is live at Tuesday 5th January 2021 at 3pm — 4pm SGT, commit your CAKE-LP tokens to buy TEN tokens at pancakeswap.finance/ifo

After Sale:

1. When the sale is complete, claim your TEN tokens and your unspent funds will also be sent back to you.
2. Done! In the case of an overflow you can unstake your remaining CAKE-BNB LP tokens.

If you decide to acquire CAKE-BNB LP tokens before the IFO starts, you can stake them here to earn CAKE token rewards while waiting for the sale.

Please note — while you are holding CAKE-BNB LP tokens you will be at risk of Impermanent Loss.

What is the “Overflow” sale method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

Here are three basic examples to show you what we mean:

Please note — The final USD price per CAKE-BNB LP token will be set a few minutes before the sale starting at 3pm SGT on Tuesday 5th January and will be broadcasted on all channels.

While a few things may be subject to initial change, two things are sure:

1. You will need CAKE-BNB LP tokens to participate.
2. If the full $1,000,000 USD allocation is raised, then $500,000 USD of CAKE tokens will be burned forever.

Project Details:

• Project: Tenet (TEN)
• Max Supply: 7,650,000 TEN
• WhitePaper: Yes (Click here to read)
• Audit: Yes (Click here to read)
• Contract Address: (Click here to see)
• Website: https://www.tenet.farm/
• Twitter: https://t.me/Tenetfarm
• Telegram (EN): https://twitter.com/TenetFarm

The liquidity distribution mechanism of TEN

Tenet adjusts the liquidity distribution ratio between liquidity providers and liquidity tap creators through cyclical rebalancing. Factors such as their share of LP token to investment portfolio are considered so as to ensure risk is controllable and help the long-term development of Tenet protocol.

After a certain period, Tenet protocol will monitor the amount of TEN trading pair LP tokens in liquidity tap and calculate the latest ratio. To smooth the curve, the dynamic ratio in the next cycle will be an average value. As a result, the dynamic ratio will stay at a reasonable level. Moreover, Tenet protocol adjusts temporary factors to optimize the distribution of tokens.

TEN reward for each block can be divided into two parts: TEN reward for liquidity providers and TEN reward for liquidity tap creators. The initial ratio is 1:1.

The reward distribution ratio for the next 80,000 blocks on ETH (400,000 blocks on BSC) is based on the ratio of providers’ LP tokens in ETH-TEN (BNB-TEN) pool to that of creators in the previous 80,000 blocks on ETH (400,000 blocks on BSC) for about 2 weeks. Community can govern the cycle for adjusting distribution ratio.

TEN mined by liquidity providers belong to them. TEN mined by liquidity tap creators (the demand side of liquidity) are distributed to tap’s liquidity providers.

To encourage liquidity tap creators to create more taps and give multiple mining incentives to liquidity providers, the amount of LP tokens added by liquidity creators are multiplied by (1+X). The initial X=0.2, X can be adjusted by community.

How to calculate:

TEN(USERS) : TEN that liquidity providers (USERS) can mine

TEN(CREATORS) : TEN that liquidity creators can mine

TEN(H0) : The number of TENs awarded by the current block.

LP(USERS): Total number of ETH-TEN LP Tokens added by all users

LP(CREATORS): the total number of ETH-TEN LP Tokens added by all creators

X : liquidity tap creator mining bonus multiplier

TEN Token Distribution

The maximum amount of TEN is 7,650,000, in which 5,720,000 (75%) TEN tokens are on Ethereum and 1,930,000 (25%) tokens are on Binance Smart Chain. The maximum supply of 7,650,000 TEN tokens will be allocated as follows:

• Initial Dex/Farm Offering 15%
• Mining 60%
• Initial Liquidity 5%
• Ecosystem Fund 20%

Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering to invest your funds in any project and please, make your investments very cautiously. PancakeSwap will not be held responsible for any investment losses.