“Tectonic is a decentralized non-custodial algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers.
Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Tectonic’s protocol design and architecture references Compound, a proven and audited protocol. It is complemented with an attractive incentive program powered by $TONIC, the native token of Tectonic protocol.”
Crypto.com announced the listing of $TONIC coin. “Crypto.com App users can now purchase TONIC at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.”
Since the listing of the $TONIC coin on the crypto.com app, the coin has gained momentum and popularity. With the creative projects behind the coin, $TONIC could gain more popularity like Shiba Inu or Dogelon, especially if the other crypto apps also start listing this coin. $TONIC is still new and the market cap is very cheap comparing with the other popular meme coins, which could give more opportunity if the coin did take off to the next level. Since the coin is new, it also comes with a higher risk.