TenguSwap
Search…
TENGU Token

TENGU Token

Polygon

Basic Information

Transfer Tax

The initial transfer tax will be 6%.

Initial Emission Rate

6.67 TENGU / block

Why Tengu Has No Hard Cap?

There's no hard cap on the supply of TENGU, making it an inflationary token.
TENGU's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).

How TENGU Supply Is Reduced Without A Hard Cap?

1. Reducing Block Emission

By reducing the amount of TENGU generated per block, we slow the inflation. We don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

2. Transfer Tax

TENGU has currently a 6% transfer tax in each transfer : 4% is burned directly 2% will be converted into GTENGU which will be sent to the user and the rest
This deflationary mechanism will help us to reduce the circulating supply of TENGU.
Furthermore, the current TENGU emission rate of 6,67 TENGU per block will be adjusted and reduced to reward our investors by making TENGU harder to attain, thus increasing its attractiveness.

3. GTENGU

The GTENGU is a token created for our long-term investors. We believe a two token system where investors who want to become GTENGU investors can swap their TENGU for GTENGU to earn the benefits that GTENGU provides. At each swap of TENGU in GTENGU the initial TENGU tokens will be burnt. This is one of our mechanisms that will reduce the TENGU supply.
Read all information about GTENGU features here.

BSC

Basic Information

Transfer Tax

The initial transfer tax will be 8%.

Initial Emission Rate

10 TENGU / block

Why Tengu Has No Hard Cap?

There's no hard cap on the supply of TENGU, making it an inflationary token.
TENGU's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).

How TENGU Supply Is Reduced Without A Hard Cap?

1. Reducing Block Emission

By reducing the amount of TENGU generated per block, we slow the inflation. We don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

2. Transfer Tax

TENGU has currently a 8% transfer tax in each transfer : 2% is added to TENGU-BNB liquidity pool and locked 2% is burned directly 4% will be converted into GTENGU which will be sent to the user and the rest
Transfer Tax repartition
This deflationary mechanism will help us to reduce the circulating supply of TENGU.
Furthermore, the current TENGU emission rate of 10 TENGU per block will be adjusted and reduced to reward our investors by making TENGU harder to attain, thus increasing its attractiveness.

3. GTENGU

The GTENGU is a token created for our long-term investors. We believe a two token system where investors who want to become GTENGU investors can swap their TENGU for GTENGU to earn the benefits that GTENGU provides. At each swap of TENGU in GTENGU the initial TENGU tokens will be burnt. This is one of our mechanisms that will reduce the TENGU supply.
Read all information about GTENGU features here.
Last modified 2mo ago