TEN Protocol (prev. Obscuro) (TEN)

TEN (The Encryption Network) is an Ethereum Layer 2 network focused on encryption, allowing developers to choose which parts of the smart contracts they want private and which parts public. By combining Trusted Execution Environments (TEEs), encrypted transactions, the benefits of programmable cryptography, and Ethereum compatibility, TEN introduces a new era of encrypted, autonomous, and composable dApps.

TEN crypto protocol aims to deliver a seamless, encrypted, and AI-powered experience to users and developers alike while eradicating MEV, using the following technology stack:

• Consensus mechanism: A hybrid model that combines Ethereum L1 security, rollup-based sequencing, and TEN’s Proof of Block Inclusion (POBI) with Secure Enclave attestation and staking incentives to ensure private, verifiable, and economically secure transaction finality;
   
• RNG: A built-in secure random number generator that eliminates third-party oracles by producing fully private, tamper-proof randomness that no validator or user can access;
   
• TEEs: Hardware-based enclaves that guarantee code authenticity and encrypted execution, forming the backbone of TEN’s privacy-preserving smart contracts without sacrificing performance or decentralization.

You can read more info in their docs.

🪙 $TEN token: $TEN powers the ecosystem as a governance token, enabling holders to vote on network upgrades, ecosystem funding, and key protocol decisions. In addition to that, TEN (Obscuro Protocol) token utility expands to support node incentives, transaction fees, and a self-sustaining token economy managed by smart contracts. 

In addition to that, the project has 5% of the total token supply allocated to the TEN crypto airdrop for the qualified users.

Moreover, there is an ongoing $TEN token sale on Nozomi’s Legion, allowing users to buy the tokens upon the TGE.

Based on the ongoing ICO on Nozomi’s Legion, our team has completely analyzed the TEN Ethereum protocol, revealing several pros and cons:

✅ TEN Protocol pros:

• Decent backers (KuCoin Labs, Republic, DWF Labs);
• Diverse ecosystem of partners (Hyperlane and 25 others);
• Very high PR performance;
• Above the average Growth Marketing, SEO, and SMM score;
• Low IMC (~$11M);
• One of the Co-Founders has work experience in a top-tier company (EY);

❌ TEN Protocol cons:

• No Marketing Infrastructure;
• Below-average Influencer Marketing score;
• No Security audits and no bug bounty programs yet;
• Huge amount of $TEN tokens allocated to investors (~40%);
• High FDV ($80M);

Other core team members have no work experience in top-tier companies.