TNC is the native utility token of the TNC ecosystem, which aims to provide various blockchain-related services and solutions.
The TNC ecosystem focuses on areas such as blockchain development, DeFi (Decentralized Finance), NFT (Non-Fungible Tokens), gaming, and other blockchain-based applications. The TNC Coin is designed to be used within this ecosystem to facilitate transactions, access services, and participate in various activities.
TNC Coin was launched on January 22, 2019. It is a cryptocurrency that is based on the Dual Delegated Proof-of-Stake (DDPoS) consensus mechanism. The TNC Coin ICO was held in December 2018, and it raised over $50 million. The ICO was a success, and it helped to fund the development of the Trinity Network.
Who Are the Founders of TNC Coin?
TNC Coin was developed by TNC IT Solutions Group, a company established in 2018, specializing in blockchain development, security, and consultancy services.
Ethan Lee, a C-level executive in the IT and fintech industry, played a crucial role in the project. He believes that blockchain technology is essential for creating innovative solutions, enhancing user experiences, and driving technological progress. Before joining TNC, Lee gained valuable experience as a manager at Hyundai Heavy Industries Co., Ltd for 5 years and as Head of the I&C Department at Samsung C&T Corporation for over 10 years.
Jason H. Jang, one of the co-founders, served as the CEO of TNC Coin until he officially stepped down in August 2022 due to personal commitments. Bruce Jeong is another co-founder who served as the CEO of TNC IT Group.
Currently, Jon “DRJ” Najarian holds the position of Chairman at TNC IT Group. Before joining TNC, he was a linebacker for the Chicago Bears and later transitioned to trading on the Chicago Board Options Exchange. He is now a professional investor, money manager, markets analyst, and host on CNBC.
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What Makes TNC Coin (TNC) Unique?
One of the notable features introduced by TNC is the Proof-of-Merger consensus, specifically tailored to support mergers and acquisitions (M&A) initiatives. This consensus mechanism aims to equalize the prices of crypto assets through automatic token burning. Token burning is a method used to increase and stabilize cryptocurrency market prices. With Proof-of-Merger, the token swap agreements in crypto M&A transactions are intended to be fair for both the companies involved in the merger and their customers.
The TNC mainnet is built with a focus on enterprise-grade security, ensuring that assets on the network are well-protected. Additionally, it emphasizes asset immutability, meaning that transactions and data recorded on the blockchain cannot be altered or deleted. Furthermore, TNC’s mainnet is highly scalable, capable of handling a substantial number of transactions efficiently and effectively. These features aim to create a robust and reliable platform for various blockchain applications and services.
How Many TNC Coin (TNC) Coins Are There in Circulation?
As of the time of writing, TNC Coin has a total supply of 196,719,999,947 TNC tokens, and there are 5,851,183,164 TNC tokens in circulation.
According to their official website, the allocation of TNC tokens is as follows:
Partner Allocation: 25%
TNC Reserves: 20%
Research & Development (R&D): 10%
Business Development: 10%
Operational Expenses: 5%
These allocations indicate how the TNC tokens are distributed for various purposes within the TNC ecosystem.
How is TNC Coin Secured?
TNC Coin is secured by the Dual Delegated Proof-of-Stake (DDPoS) consensus mechanism. DDPoS is an upgraded version of the EOS DPoS consensus mechanism, which is known for its high scalability and security.
In DDPoS, there are two types of nodes: validators and delegators. Validators are responsible for producing blocks and securing the network. Delegators stake their TNC Coins to validators in order to earn rewards.
The DDPoS consensus mechanism is designed to be very secure. The network is protected by a combination of factors, including:
- Stake: Validators must stake a certain amount of TNC Coins in order to participate in the consensus mechanism. This stake acts as a security deposit, which helps to deter attacks on the network.
- Voting: Delegators can vote for validators to participate in the consensus mechanism. This voting system helps to ensure that the network is run by honest and trustworthy validators.
- Slashing: If a validator behaves maliciously, their stake can be slashed. This means that they will lose a portion of their stake. This helps to deter malicious behavior and keep the network secure.
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Where Can You Buy TNC Coin (TNC)?
TNC Coin (TNC) can be purchased on several cryptocurrency exchanges, including:
How much will TNC Coin be worth by 2024?
Despite the ongoing downtrend in the overall cryptocurrency market, TNC Coin has displayed encouraging resilience, suggesting its potential for continued relevance. However, market analysts speculate that TNC Coin might undergo a significant value increase during the next bull run, leading to a potential removal of another zero from its price.