Tectum Announces Strategic TET Token Buyback Decision to Strengthen Project Treasury and Reinforce Utility in New Developments
December 24 2024 - 4:50AM
Tectum, recognized as the world’s fastest Layer-1 blockchain,
announces a strategic decision to initiate a buyback program for
the TET token. This bold initiative is designed to reinforce the
project treasury, enhance the utility of TET within the Tectum
ecosystem, and underscore its pivotal role in future developments.
The buyback program, set to commence immediately
based on market conditions, reflects Tectum’s commitment to
delivering long-term value for its community. By bolstering the
treasury, Tectum will expand its capacity to invest in
groundbreaking projects and drive innovation, all the while
maintaining the TET token as a cornerstone of its comprehensive
blockchain solutions.
"This buyback initiative represents our
unwavering confidence in the TET token's potential and our
ecosystem's trajectory," said Alexander Guseff, Founder and
CEO of Tectum. "The TET token is integral to our mission
of transforming global payments with fee-free, instant, and
borderless transactions. Through this program, we not only enhance
our treasury but also send a strong message to our community: TET
will remain the foundation of our ecosystem as we scale our
solutions and enter new markets."
Tectum has consistently pushed the boundaries of
blockchain technology with its SoftNote™, a revolutionary Layer-2
solution enabling wallet-less and transaction-less payments. The
TET token plays a critical role in powering these advancements,
serving as the backbone for minting SoftNotes and facilitating
seamless, real-world usability of cryptocurrencies.
This buyback initiative aligns with Tectum's
core values of transparency, innovation, and inclusivity. Regular
updates will be shared with the community to ensure clarity and
engagement throughout the program's progress. By incentivizing
participation and building trust, Tectum reinforces its position as
a leader in blockchain innovation.
-ENDS-
About TectumTectum is
transforming digital payments with the world’s fastest Layer-1
blockchain, capable of 3.5 million transactions per second. By
enabling fee-free, wallet-less, transaction-less, borderless, and
instant payments through its innovative SoftNote technology, Tectum
bridges cryptocurrencies with real-world usability, making digital
payments as practical as cash.
Tectum empowers Bitcoin and other
cryptocurrencies to become truly spendable for everyday use,
breaking barriers to adoption and enabling seamless micropayments.
Its ecosystem includes the Tectum Emission Token ($TET) for
SoftNote minting and quantum-proof authentication (XFA) for
unparalleled security.
A subsidiary of Crispmind Ltd., Tectum is committed to creating
scalable, secure, and inclusive solutions that redefine how value
is exchanged globally. To learn more, visit www.tectum.io.
Media Contact:
Shubhi Maheshwari, shubhi@lunapr.io
Luna PR