What Tokens Can You Store and Transfer Using Tectum SoftNote Bills? - Tectum Blockchain

What Tokens Can You Store and Transfer Using Tectum SoftNote Bills?

Everyone knows that the most efficient way to send and receive blockchain tokens is via Tectum SoftNote Bills. There are several benefits to using SoftNote as a medium of storage and transfer. However, most people think that they can only transfer Bitcoin using this technology. This belief is partially due tothis option being the most popular.

What Tokens Can You Store and Transfer Using Tectum SoftNote Bills

While Bitcoin SoftNote is very common, it is not the only cryptocurrency that people can send and receive via SoftNote Bills. This article will enlighten people on the other crypto they can send and spend via this blockchain solution. In addition, Tectum is using this opportunity to differentiate between SoftNote Bills and SoftNote Wallet.

What Are Tectum SoftNote Bills?

Tectum SoftNote Bills are “mini blockchain wallets” that enable people to spend blockchain tokens in smaller amounts. With your standard crypto wallet, people store every token in one place. Therefore, they have to send the required amount to the receiver. This causes them to incur high transaction fees, as they have to initiate new transfer procedures.

With SoftNote Bills, people simply compartmentalize their portfolios into smaller amounts. Instead of having to initiate new transactions whenever you want to send crypto, you can simply exchange ownership of that token. Even better, people do not have to split all their holdings into small bits. SoftNote allows them to decide the particular amount they want to use.

Why You Should Spend Tokens With Tectum SoftNote Bils

There are several benefits of sending or sending your tokens through Tectum SoftNote Bills. One such is cost-efficiency, which ensures people get maximum value for their money. You will only pay 0.% fees when sending crypto to your friends or family members using SoftNote. This payment is direct, and there are no hidden charges or conditions. This is far cheaper than the regular transaction fees and merchant commissions resulting from using crypto off-ramps.

Besides the cost-efficiency of transfers, transactions via SoftNote Bills are instant. No, they are not fast. They are instant. The reason is that SoftNote Bills process transactions via Tectum – the fastest layer 1 blockchain, with a speed of 1.3 million transactions per second. Therefore, all transfers take effect immediately, regardless of the volume of traffic. So, it is goodbye to delayed transactions for you.

In today’s world, security and privacy are serious concerns, and everyone worries about how well they are protected and who has access to their information. While everyone in web3 understands the importance of safety, the same cannot be said for anonymity. This is probably due to the fact that there is an existing idea that blockchain keeps users anonymous.

While people can’t see your name from a block explorer, certain networks reveal too much information like wallet balance. This can draw unnecessary attention from the wrong people to you. To prevent that, SoftNote Bills use zero-knowledge proofs to approve transfers. Therefore, only the vital information is added to the block explorer.

What Tokens Can You Transfer With Tectum SoftNote Bills?

As mentioned earlier, Bitcoin is not the only token you can transfer visa Tectum SoftNote Bills. To give users a better understanding, here are the different cryptocurrencies you can send or spend with this blockchain solution

  • Bitcoin ($BTC): thanks to the Tectum node on the BTC network, people can send and receive Bitcoin for a cheaper fee. Unlike the standard network transfers, Bitcoin transactions done via SoftNote also take effect instantly.
  • USD Tether ($USDT): anyone who wants a more stable token can opt for USDT (USD Tether). The same 0.1% fee applies, and people do not have to worry too much about the cost of transactions.
  • Tron ($TRX): Anyone who has been in the blockchain space for long enough will most likely know about the Tron network. However, not many people know that the token of this blockchain can be added to SoftNote Bills as a form of liquidity.

How to Add Liquidity to SoftNote Bills

If you have any of the tokens listed above and would like to add them as liquidity to Tectum SoftNote Bills, follow these steps:

  • Visit the SoftNote wallet website
  • Create a new account or log in if you have an existing one
  • Click on “Mint House” to proceed.
  • Choose between minting, filling or burning a SoftNote
  • Ensure that you have enough BTC, USDT or TRX you want to fill and the required amount of $TET for minting in your SoftNote Wallet
  • Choose the Bill or pool that you want to fill

How to Check Your SoftNote Balance

You can also monitor your account to know exactly what is left in your balance in real-time. This can help you plan your expenses more efficiently.

Here are the simple steps to follow if you want to check the portfolio of your SoftNote Bils:

  • Click on “Wallets” on the menu or at the top of your screen
  • Select “SoftNote Wallet” in that subsection
  • Scroll to the specific token you want to check. The value will be stated in front of each cryptocurrency.

Note: You can also import or hand over a SoftNote in this submenu. In addition, users can request payments via this medium.

What is the Difference Between Tectum SoftNote Bills and SoftNote Wallet?

While they may seem the same, SoftNote Bills are very different from SoftNote Wallet. The wallet is the overall platform for managing SoftNote Bills, merchant transactions and staked tokens. It is more expansive and allows people to store cryptocurrencies like the following:

  • Tectum Emission Tokens ($TET)
  • Bitcoin ($BTC)
  • Ethereum ($ETH)
  • Binance Smart Chain Token ($BNB)
  • Tron Token ($TRX)

Furthermore, people can use networks like T12, ERC-20, BEP-20 and TRC-20 on the main Softnote Wallet. This enables people who want to bridge their tokens to another blockchain to easily do so. It also makes it seamless to transfer cryptocurrencies to crypto exchanges and other noncustodial wallets.

On the other hand, SoftNote Bills are crypto cash that is integrated into the main wallet for seamless functionality. Transfer via SoftNote occurs via the T12 protocol for more efficiency.  Tectum 101 shares more insight into how these similar blockchain solutions work.