What is Tenset (10SET)?

Quick Facts

• Token symbol: 10SET
• Launched: February 2021
• Blockchains: Ethereum (ERC-20) and BNB Smart Chain (BEP-20)
• Token type: Deflationary, ETF 2.0 model
• Core mechanism: Portfolio buybacks and token burning
• Launchpad: Gem Launch Platform (TGLP)
• Ecosystem merger: Joined with Redacted Group in 2025

Introduction

Tenset (10SET) is a deflationary cryptocurrency that combines elements of a traditional ETF with blockchain technology. The project aims to bridge the gap between conventional finance and the crypto ecosystem, offering holders indirect exposure to a diversified asset portfolio simply by holding the token.

Its unique ETF 2.0 model and integrated launchpad make it more than just a passive investment vehicle — it is an active ecosystem for discovering and participating in new crypto projects.

History & Background

Tenset launched in early 2021 on the Ethereum blockchain as an ERC-20 token. Later that same year, it expanded cross-chain by bridging to the BNB Smart Chain as a BEP-20 token, broadening its accessibility and liquidity.

The project listed on major centralized exchanges and introduced staking functionality within its first year. It raised over $100 million through public and private offerings and reached a peak market capitalization exceeding $1 billion. In 2025, Tenset merged with Redacted Group, positioning itself as the technical and distribution arm of the combined ecosystem.

How Tenset Works

At its core, Tenset operates an ETF 2.0 portfolio — a diversified basket of assets whose generated profits are cycled back into the ecosystem. The profits are used to buy back 10SET tokens from the open market, which are then permanently burned by sending them to a wallet with no private key.

This buyback-and-burn mechanism creates a continuous deflationary pressure, reducing the available token supply over time. Holders benefit from this model without needing to actively manage trades themselves.

Tokenomics

10SET is designed with a deflationary economic model at its heart. Portfolio revenue drives regular buybacks, and burned tokens are permanently removed from circulation, increasing scarcity over time.

To participate in the Gem Launch Platform (TGLP), users must obtain a TGLP subscription — for example, by locking 10SET tokens for a set period. This creates an additional utility-driven demand for the token and rewards committed community members with priority access to new project launches.

Ecosystem & Use Cases

Tenset's ecosystem revolves around three main pillars:

• ETF 2.0 Portfolio: Passive exposure to a diversified asset mix through token holding.
• Gem Launch Platform: A vetted launchpad for promising crypto and non-crypto projects. Projects must pass a thorough vetting process before listing.
• Staking: Users can stake 10SET to earn rewards and access platform features.

Notable projects launched via the platform include Metahero and Everdome, demonstrating the launchpad's focus on immersive Web3 experiences. Following the Redacted Group merger, the ecosystem also incorporates real-world asset (RWA) opportunities.

Team, Governance & Community

Tenset has built strong regional communities across Europe and Asia. The project maintains active social channels including Telegram, Twitter, and YouTube.

Following the 2025 merger with Redacted Group, governance and strategic direction are shared across both teams, combining Tenset's launchpad infrastructure with Redacted's institutional-grade expertise and a combined reach of millions of Web3 users.

Advantages

• Deflationary design: Continuous buyback-and-burn reduces supply, supporting long-term scarcity.
• Passive exposure: Holding 10SET provides indirect access to a diversified portfolio without active management.
• Dual-chain support: Available on both Ethereum and BNB Smart Chain for broader accessibility.
• Integrated launchpad: Gives holders early access to vetted, high-potential projects.
• Established track record: Over $100 million raised and a proven launchpad history since 2021.

Risks & Challenges

• Market dependency: Portfolio performance directly affects the buyback engine — bear markets reduce its effectiveness.
• Declining activity: On-chain transaction volumes have decreased significantly from peak levels.
• Centralization of portfolio decisions: Investment choices within the ETF 2.0 portfolio rely on the core team's judgment.
• Regulatory uncertainty: Hybrid finance models combining ETF-like structures with crypto tokens may attract regulatory scrutiny.
• Merger integration risk: The Redacted Group merger introduces execution and organizational complexity.

Long-Term Vision

Tenset's long-term ambition is to serve as a comprehensive bridge between traditional finance and Web3. The ETF 2.0 model is designed to evolve with market conditions, expanding into real-world assets and institutional-grade opportunities through the Redacted Group partnership.

By continuously burning tokens and growing its launchpad ecosystem, Tenset aims to create a self-reinforcing cycle of value — where a thriving portfolio funds token scarcity, and a strong community fuels adoption of the projects it launches.