Tendies is a social experiment that claims to be a next-generation autonomous and hyper deflationary coin. The market cap is $415,082 and the 24h volume is $108,842.
Tendies blockchain consensus is achieved via the Ethereum Blockchain. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your Tendies investment as outlined below.
Stake TEND Community Pool
Be a Top 50 Holder
- What is the economic model of Tendies?
Tendies TEND token is designed deflationary. Of all the tokens in the Uniswap Pool, there are 4% drained daily.
Anyone can make the call to drain the pool. The caller gets 1% of drained tokens.
Drained tokens are then sent to two distinct addresses.
The first address is the famous 0x00000 address. 51% of drained TEND are burned.
The second address is a secondary smart contract pool address, which is called, the TENDIES BUCKET. 48% of drained tokens are sent to this bucket, and rewards are then distributed to top holders every 3 days. Anyone can make the call to distribute.
- How to stake Tendies?
To get rewards from the Tendies Bucket, you have to be a Top 50 Token Holder of TEND. In that case, rewards are automatically distributed to your wallet.
For smaller token holders there is the option to participate in the unofficial TEND Community Pool. Simply stake your tokens in the Pool via this website.
- How much can i earn staking Tendies?
48% of 4% of all TEND tokens in the Uniswap Pool are drained to the Reward Pool on a daily basis.
This reward pool is equally being distributed between all Top 50 TEND token holders. Effectively your APR will be much higher being on Position 50 of Top Holders. But you might lose your position easier.
Since the APR is different for each address, we at Staking Rewards calculate an average APR between all Top 50 addresses and one specific APR for the TEND Community Pool.
- Is there any risk staking Tendies?
Tendies is a social experiment. Please proceed with caution and do only invest funds that you are willing to lose in a game!!!