Do you have $TET is your portfolio and want to explore ways to make the most of it? What if I told you that there are various creative ways to use Tectum Emission Tokens without converting them and incurring gas fees?
This article will give you smart ideas on how to make the best of your cryptocurrency portfolio. Continue reading to learn more.
5 Creative Ways to Use Tectum Emission Tokens Without Conversion
There are several ways to use your Tectum Emission Tokens without converting it to fiat. Some of them involve direct utility, while others are investment opportunities that can yield significant ROI. Without further ado, here are 5 smart ways to use TET directly.
- Minting New SoftNote Bills: This is a very smart way to spend Tectum Emission Tokens directly. Users need not convert their crypto to fiat when minting new SoftNote Bills. The best part is that everyone who mints new SoftNote Bills can get 100 times their investment in gas fee commissions.
- Stake Tectum Tokens: This is another investment opportunity that offers ROI of up to 20% every 30 days. Even better, individuals who stake the $TET for extended periods will get even more rewards. Returns are added after every 30 days. Should the individual choose not to withdraw it, the profits are added back to book to offer even more significant rewards.
- Send $TET To Anyone Globally: Cryptocurrencies remain the only truly global medium of transaction, and Tectum Emission Tokens are no different. Instead of converting $TET to fiat, you can send them to your friends, family and loved ones to anywhere in the world. The funds transfer process is instant, as the receiver need not wait for multiple working days to receive payment.
- Pay for Goods and Services from SoftNote Merchants: Tectum has a long (and extending) list of businesses it partners with to accept cryptocurrencies as a payment method. Our goal is to foster the use of blockchain tokens for retail transactions. Individuals can exploit this opportunity to get maximum value for their money. Meanwhile, this benefit applies to Bitcoin, Ethereum, Tether USD, Tron Coin and many more.
- Trade TET For Other Cryptocurrencies: Crypto trading will never go out of fashion and people will continue to engage in it. If you understand the market and are looking to make a profit, you can trade use Tectum Emission Tokens for trading. Simply swap it for USDT, WETH, ETH and other tokens. Then begin trading with the cryptocurrency you swapped it with. Moreover, you can always buy back your $TET after trading and making profits.
Why It is Smarter to Spend TET Directly
It is smarter to use Tectum Emission Tokens directly, as against converting your portfolio to fiat for spending. The obvious reason for this is the fees and commission you incur from the exchange. Most centralized exchanges charge people a significant sum for this service.
In fact, the fees people pay for crypto-fiat swap further discourages the use of blockchain tokens for retail transactions. Besides the fees, we also have to consider time.
Exchanges typically work with independent merchants, who have their lives to live. While they may claim to be always available, they are not waiting all day for people to buy/sell tokens. In this regard, people may have to wait some time to match with a merchant for the swap to occur.
Finally, the merchants set their own rate and there is really no uniformity in the process. Certain merchants only trade through specific mediums, while others can only pay or accept payments in certain currencies. This means that people will not always get the best deal. Their best bet is to search and hope they find a merchant that ticks the right boxes.