• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 1

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 2

    How ethbox Could be the Future of OTC Trading

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Binance Coin price

    Binance Coin price prediction: BNB to fall further as $220 support withers

    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 3

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    How ethbox Could be the Future of OTC Trading 4

    How ethbox Could be the Future of OTC Trading

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Low cap DeFi cryptocurrency Tendies surges 409 percent in 4 days, trounces Tether and LINK

Kamsi King by Kamsi King
August 3, 2020
in Altcoin News
3 min read
defi cryptocurrency
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Tendies, a low cap DeFi cryptocurrency, is presently buzzing after posting a 409% profit in just four days. It has generated many positive reviews after this remarkable feat of trouncing Tether and LINK in the process.

According to the developers of the digital asset, it was built as crypto for the next generation because of its autonomous nature, more reason why Tendies surpassed Tether and LINK.

The coin started getting so much credit after it was noted to have made the massive move from $0.1853 to a record high of $0.9449 in just four days.

RelatedPosts

Dash Price Prediction: Dash surges past the $300 mark, could hit $600

Binance Coin (BNB) becomes third-largest: Is BSC coming for Ethereum?

Algorithmic stablecoins’ instability threatens their usefulness

Mogul production launches Stars token for Hollywood movies

Going by CoinGeckos statistics, the DeFi cryptocurrency swiftly made the jump without giving investors ample time to look to it for profits. Presently, the coin has made a price correction and is still trading just a little able the $0.70 mark.

Tendies surpassed Tether and LINK in the daily average, CoinGecko reports

The coin, which is on the Uniswap protocol, is said to be gaining momentum as its 24-hour volume showed that it recorded nothing less than $4.5 million in trading volume.

With this move, the coin has positioned itself as the leading coin on the daily average in the DeFi sector, leaving Tether and LINK in its wake. Tendies is said to use the deflationary model and user loyalty to amass its value.

With the new token getting massive reviews, the reason why Tendies surpassed Tether and LINK are still a factor to consider.

Furthermore, the name of the coin, Tendies, shares a stark resemblance to a joke made about chicken tenders that started on 4chan around 2014.

Concerning the listing of the digital assets, Poloniex has announced that it would list the coin on its platform by the weekend. The firm tweeted:

Poloniex can confirm that come weekend, we will be listing the new Tendies on our platform.

Take note that the Poloniex Launchbase platform can act as a gateway to potential investors. Featured projects will not only get guidance on token issuance and launch mechanisms, but they will gain exposure to community members, investors, venture capitalists, and more.

DeFi cryptocurrency Tendies runs on more bonus technique

According to records, out of all the tokens present on the Uniswap protocol, 4% of this DeFi cryptocurrency is always drained each day. Going by the developers’ official statement, anybody can drain the tokens with the user that starts the process getting just 1% of the token at the end of the day.

The TEND tokens drained are officially sent to just two wallets. While one of the addresses destroys 51% of the asset, the remaining tokens are shared between the top holders of the token.

With this process, investors are encouraged to hold more of the token to be eligible to get more bonuses because the system runs on the more Tend held, the more bonus a user gets.

According to the developers, they have noted that the creation of the TEND token was born out of a social experiment. Furthermore, they have warned the general public, especially the crypto community, about the risks that come with holding the DeFi cryptocurrency TEND.

Because Tendies surpassed Tether and LINK in just a matter of days, the risk might mean the DeFi cryptocurrency Tendies is very volatile and could drop drastically as it came up.

 

Tags: cryptocurrency trading
Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

Related Posts

Dash Price Prediction
Altcoin News

Dash Price Prediction: Dash surges past the $300 mark, could hit $600

February 19, 2021
US exchange, Coinbase files with SEC to go public through direct listing
Altcoin News

Binance Coin (BNB) becomes third-largest: Is BSC coming for Ethereum?

February 19, 2021
algorithmic stablecoins
Altcoin News

Algorithmic stablecoins’ instability threatens their usefulness

February 18, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Binance Coin price

Binance Coin price prediction: BNB to fall further as $220 support withers

February 27, 2021
Bitcoin whale

Bitcoin Whale moves 7,073 BTC to cold storage

February 27, 2021
Binance

Binance launches support for ADA upgrade

February 27, 2021
How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 5

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

February 27, 2021
Digital Yuan

Digital Yuan-themed scam: Chinese police warns residents to be careful

February 27, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 6

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.