TEN (TEN) Price, Charts & Market Data

TEN supports the core economic and operational functions of the TEN Protocol.

• Transaction fees: TEN is used to pay gas fees for executing transactions and smart contracts on the TEN Layer-2 network.
• Staking and network participation: Aggregator nodes stake TEN to participate in rollup creation, transaction sequencing, and consensus through the Proof of Block Inclusion (POBI) mechanism.
• Governance: TEN holders participate in protocol governance, including decisions related to network upgrades, attestation constraints, economic parameters, and security policies.
• Autonomous agents: AI agents deployed within TEEs can hold and spend TEN, enabling autonomous execution of transactions, contract interactions, and asset management.
• Economic incentives: TEN is used within reward pools that compensate network participants for processing transactions and maintaining network liveness, with mechanisms to burn excess tokens when applicable.

These functions align TEN’s utility with network security, activity, and long-term protocol operation.

TEN was created by the team behind the TEN Protocol. The project’s co-founders are:

• Tudor Malene, Co-Founder and Chief Technology Officer - Gavin Thomas, Co-Founder - Cais Manai, Co-Founder and Head of Product The wider core team includes contributors with experience in enterprise blockchain development, including architects involved in the creation of Corda, an enterprise distributed ledger platform used by financial institutions, insurers, and telecom providers. This background informs TEN’s focus on confidentiality, secure computation, and decentralised system design.