Teneo Protocol Reward System

Bittime - Teneo Protocol has a rewards system designed to incentivize users both those who join early and those who commit for the long term. As much as 28% of the total $TENEO token supply will be allocated for community rewards over a 30 year period. 

This allocation aims to ensure that those who played a role in the development of the Teneo network from the start are properly rewarded over time.

Rewards for Early Contributors

Part of this 28% allocation is intended for early contributors who are involved in the pre-TGE (Token Generation Event) phase, by collecting Teneo Points. This is a form of recognition for those who contributed to the basic stages of building the Teneo network. 

This reward system not only aims to provide incentives, but also provides appreciation for their important role in building the ecosystem that is now developing.

Anchor Rewards: Long Term Incentives for Node Operators

One of the main elements in Teneo's reward system is Anchor Rewards, which are awarded to each Community Node operator. These incentives ensure that their participation is consistently rewarded, regardless of how much revenue Teneo generates. 

A large portion of the community reward pool will be allocated to this program and will be distributed over 30 years. This provides assurance that operators who are active in supporting Teneo's network growth will continue to be rewarded over time.

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Anchor Rewards is implemented with a degressive approach, where early contributors earn larger rewards, which will gradually decrease over time. This strategy is not only profitable for early adopters, but also keeps the value of the $TENEO token stable by preventing inflation.

Teneo Tiered Reward System

Teneo also introduced a Tiered Reward System to further encourage active participation. Node operators will be positioned in different tiers based on their performance, such as uptime, node reliability, and connection quality. Operators who reach higher tiers will receive a larger portion of the reward, while operators with lower performance will receive a smaller portion.

Additional Incentives for Community Node Operators

In addition to Anchor Rewards, Community Node operators will also get additional rewards that are directly related to Teneo's revenue. This system provides operators with more incentives as the Teneo platform grows. Some ways to earn more rewards include:

Staking for Revenue Sharing: Community node operators can stake their $TENEO tokens and receive a share of the revenue generated by Teneo, which comes from data sales.

Token Purchase and Burning Program: A portion of the revenue earned by Teneo will be used to buy back and burn tokens. This aims to increase scarcity and support the value of the $TENEO token in the long term.

Conclusion

The reward system presented by Teneo Protocol aims to provide fair incentives for initial contributors and those who continue to actively participate in network development. By providing large allocations for community rewards, as well as a degressive approach that benefits early adopters, Teneo ensures the sustainability and stability of the $TENEO token over time. 

Through staking programs and token purchases, participants also have the opportunity to gain more benefits as the platform develops. Teneo opens up huge opportunities for those who want to get involved in this ever-growing ecosystem.

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