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The crypto world is a volatile place. There’s tons of risk and reward. Decentralized finance has brought forth great investment opportunities for the average person. However, along with those opportunities come scammers and rugs, causing investors to lose trust in the DeFi system and honest developers. This problem can’t be fixed overnight. If anything, with the rise of DeFi, it will get worse. However, there are projects who seek to provide a transparent plan and clear communication with the community to provide the reassurance investors crave. One such project lives on the Cronos chain, the Tendie Fren Co, with its new and exciting, high-effort meme coin $TENDIES.

$TENDIES is ready to gather their frens “to create a strong, resilient community” based on trust by being “more transparent, fair, and principled than the competition, guaranteed.” As a matter of fact, here are their core values:

Transparency, fairness, loyalty, and innovation. Clear-cut values to hold the project accountable. $TENDIES may be a meme coin, but the project seems to be run like a holistic company. 

The $TENDIES contract has already received a line-by-line audit by Techrate, which is great from a security standpoint. They have also published the FrenSec Paper, which is designed to help everyone read the $TENDIES contract code and understand what it means. It’s so important to DYOR on projects and the fact that $TENDIES is so transparent and want frens to understand everything about the project is reassuring.

Launch Tokenomics

The FRENDAO

$TENDIES is a community-governed token. According to the Tendieman:

ALL FRENS SHOULD FEEL EMPOWERED. WITH THE FRENDAO, YOU CAN HELP DECIDE THE FUTURE OF THE TENDIE FREN CO.

$TENDIES tokenomics are flexible meaning there is room for adjustments. Whether it be to burn tokens, forfeit some reflections, or as a community be empowered to support charities, $TENDIES wants to encourage it all. They have provided the following permissible tokenomics as a guide >

Token Distribution

Unlike other projects, the Tendie team will be buying on launch alongside other frens, putting everyone on an equal playing field. Before liquidity is added, 100,000 $TENDIES will be distributed among the three Tendie Fren Co. wallets in the proportions listed below. This is so these wallets can immediately begin earning reflections, and is a necessary step to ensure that the funds are sustainable moving forward. Not a single tendie is being reserved for the Tendieman or his team’s personal use.

Fren Co. Wallets

There are three Fren Co. wallets; Growth, Fun, and Charity. The Fun and Charity wallets benefit from both tax and reflections, whereas the Growth wallet receives only reflections but starts with a higher $TENDIES balance. All three of these funds will be managed carefully under the expert guidance of Sultan, the Treasurer and Master of Coin. They should never be depleted fully, and this is especially true of the Growth wallet. Timing is key when deciding to mobilize any of these $TENDIES. 

Roadmap

To stay consistent with their push for transparency, the Tendie Fren Co. has outlined an ambitious roadmap. Listings, partnerships, marketing and more are currently in the works. Down the pipeline they plan to implement the following:

  • XMR-TENDIES swap
  • Rug protection guide
  • Consultancy service
  • Glowie protection guide
  • Other chain launches
  • FRENS token
  • Ambassador program
  • Charity partnerships

Conclusion

$TENDIES is a unique meme token with a difference. The Tendie team wants to “build a comfy community with a real-world impact; to help frens make smarter financial decisions and demand more from projects. No more rugs.”

Overall, this Cronos project seems very promising. Trust is hard to earn in the DeFi space. The team has emphasized its anti-snipe, anti-whale, and smart liquidity aspects of their project. It should be interesting to see how they perform.

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