TECRA: The Vision of a Decentralized Ecosystem

What is TECRA

Friends, imagine if you had a great technological innovation idea, or you are a scientist holding a world-changing patent, but you lack the funds to realize it—what would you do? Traditional financing methods can be slow and it’s hard to get the attention of big companies. The TECRA project is like a “blockchain-based crowdfunding platform” built especially for these “dreamers” and “innovators.”

Simply put, TECRA is a blockchain ecosystem mainly composed of three parts:

• Tecra Space: This is a crowdfunding platform dedicated to helping promising technology projects and Intellectual Property Rights (IPR) projects raise funds. Here, project creators can “tokenize” their projects, meaning they split future revenue or ownership into many small parts, turn them into digital tokens, and sell them to interested investors.
• TecraCoin (TCR): This is the “universal currency” within the TECRA ecosystem. You can use it to purchase project tokens on Tecra Space or participate in network maintenance to earn rewards.
• TecraDEX: This is a planned decentralized exchange (Decentralized Exchange) for the future, allowing everyone to freely trade these project tokens and TecraCoin.

So, TECRA’s target users are innovative project teams in need of funding and ordinary investors who wish to invest in early-stage high-tech projects. It aims to make investing and fundraising more transparent and efficient through blockchain technology.

Project Vision and Value Proposition

TECRA’s vision is to build a decentralized ecosystem, accelerate the development of blockchain and the intellectual property market, and find more sustainable and community-recognized solutions.

The core problems it aims to solve include:

• Breaking Centralized Monopoly: In traditional markets, large companies often dominate everything, making it difficult for individuals or small innovative projects to gain attention and resources. TECRA hopes to provide an alternative, unleashing the influence and growth potential of individuals.
• Enhancing Trust and Transparency in Crowdfunding: Traditional crowdfunding sometimes faces issues like lack of transparency and unclear fund flows. TECRA uses blockchain technology to make the fundraising and usage process more credible, traceable, and transparent.
• Solving Financing Difficulties for Scientists and Innovators: Many valuable patents and technology projects struggle to commercialize due to lack of funding. TECRA aims to provide them with a convenient financing channel, connecting creators and investors.

Compared to similar projects, TECRA differentiates itself by focusing on the tokenization of real businesses and projects with market potential, rather than just creating tokens with no real value. At the same time, it also pays attention to environmentally friendly and sustainable development projects.

Technical Features

TECRA’s blockchain technology is also continuously evolving, currently mainly based on its Tecra 2.0 version.

• Blockchain Foundation

  TECRA was originally a modified fork of the zCoin branch of the Bitcoin blockchain. But in pursuit of better performance and adaptability, it has been upgraded to Tecra 2.0, a new version built on Ethereum’s public permissioned solutions (such as Clique and Aura). You can think of it as leveraging Ethereum’s advanced technology, but customized and optimized for its own needs.

• Consensus Mechanism

  TECRA 2.0 adopts the Proof-of-Authority (PoA) consensus mechanism.

  Proof-of-Authority (PoA): Imagine a community with several trusted “notaries” responsible for verifying and recording all transactions in the community. PoA works like this: a small number of trusted nodes (usually operated by the project team or its partners) validate transactions and generate new blocks. Because the number of validators is small and known, transaction speeds are very fast and efficiency is high.

• Performance and Scalability

  The design goal of TECRA 2.0 is to provide faster transaction speeds, lower costs, higher performance, scalability, and security. This is crucial for a crowdfunding platform that needs to handle a large number of projects and transactions.

• Cross-Chain Interoperability

  TECRA plans to launch a Cross-Chain Router, which will allow tokens in the TECRA ecosystem to interoperate with mainstream blockchains such as Ethereum, Solana, Binance Smart Chain, Polkadot, and Polygon.

  Cross-Chain Interoperability: Just like people from different countries can communicate using translation software, cross-chain technology allows different blockchains to transfer information and value to each other. This means that project tokens on TECRA can circulate and be traded in the broader blockchain world in the future.

• Tokenization Capability

  TECRA’s blockchain can support the creation of project tokens, NFT tokens, and stablecoins. This means it can not only issue regular tokens for project financing, but also support non-fungible tokens (NFTs) to represent unique assets or intellectual property, and even issue stablecoins pegged to fiat currencies.

Tokenomics

The core of the TECRA ecosystem is its native cryptocurrency—TecraCoin (TCR).

• Token Symbol and Issuance Chain

  Token symbol: TCR

  Issuance chain: Native Tecra blockchain, and there is also an ERC-20 version of TCR circulating on Ethereum.

• Token Utility

  TCR plays multiple roles in the TECRA ecosystem:

  • Purchasing Project Tokens: Investors can use TCR to buy tokens of projects crowdfunding on the Tecra Space platform.
  • Running Masternodes: Holding a certain amount of TCR allows you to run a masternode, participate in network maintenance and validation, and earn corresponding rewards.

  Masternodes: You can think of this as an important “bookkeeper” or “network administrator.” You need to stake a certain amount of tokens to become one, and you are rewarded for maintaining network stability and processing transactions.

  • Smart Deposit / Staking: TCR holders can earn passive income by locking tokens in the smart deposit service, which helps stabilize TCR’s market value in the long term.

  Staking: Simply put, it means locking your cryptocurrency in the blockchain network to support its operation and security. In return, you receive additional token rewards, similar to earning interest on a bank deposit.

• Issuance Mechanism and Total Supply

  TECRA 2.0 is designed as a deflationary cryptocurrency. This means that through a burn mechanism, the total supply of TCR will gradually decrease.

  Burn Mechanism: Part of the fees generated during transactions are sent to an unrecoverable address, permanently removing them from circulation to reduce the total supply.

  The TECRA project conducted its first token offering (ICO) in October 2018, raising nearly $2 million.

• Token Allocation

  According to available information, TCR’s allocation is roughly as follows:

  • 70%: For Tecra Funding (Science), a long-term fund pool for investing in technology startups under the future DAO model.
  • 10%: For masternode rewards.
  • 10%: For smart deposit (PoA).
  • 10%: Allocated to the development team.

• Current and Future Circulation

  TecraCoin (TCR) was once listed on the Hotbit exchange, and the ERC-20 version of TCR also circulates on Uniswap. However, according to the latest information from CoinCarp, TecraCoin (TCR) currently does not appear to be purchasable on any centralized or decentralized exchange. This may indicate liquidity issues or a change in listing status, which requires further verification.

Team, Governance, and Funding

• Core Members

  The information mentions co-founder Robert Anacki. For more details on other core team members, it is recommended to consult the project’s official whitepaper or website.

• Team Characteristics

  The TECRA team is committed to developing unique blockchain solutions and continuously improving the technology behind the project to enhance security and ensure smooth transactions.

• Governance Mechanism

  TECRA plans to adopt a Decentralized Autonomous Organization (DAO) model in the future to manage its “Tecra Funding (Science)” fund pool.

  Decentralized Autonomous Organization (DAO): You can think of it as a company without a traditional central management layer. All major decisions (such as how funds are used, project development direction, etc.) are made collectively by token holders through voting, achieving community self-governance.

• Treasury and Funding

  TECRA raised nearly $2 million in its first token offering (ICO) in October 2018.

  In addition, the project received a total of $2,778,297 in funding from the EU “Smart Growth” program. This funding provided important support for the project’s development.

Roadmap

Since its inception, the TECRA project has gone through some important milestones and has clear plans for the future:

• Historical Key Milestones

  • October 2018: Successfully conducted its first token offering (ICO), raising nearly $2 million.
  • Early Stage: Released its native cryptocurrency TecraCoin (TCR) and launched the beta version of the Tecra Space crowdfunding platform.
  • First Crowdfunding Project: The first crowdfunding event on the Tecra Space platform was for a photovoltaic power plant project (initiated by Expanse Plus).
  • Token Listing: TecraCoin (TCR) was listed on the Hotbit exchange, and the ERC-20 version of TCR was also launched on the Uniswap decentralized exchange.
  • Q1 2023: TECRA made major updates to the Tecra Space platform, including redesigning the ecosystem’s server network architecture to improve security, establishing a new testnet, and optimizing smart contract code.
  • May 2023: Announced the launch of a new crowdfunding campaign on the Tecra Space platform, the project named Foodinly.

• Future Key Plans

  • 2022 (Estimated): Other parts of the TECRA ecosystem (such as TecraDEX) are expected to be completed in 2022, with support from the EU.
  • Decentralized Exchange (TecraDEX): Plans to launch a customized decentralized exchange for trading project tokens.
  • Cross-Chain Router: Develop a cross-chain router to achieve interoperability with mainstream blockchains such as Ethereum, Solana, Binance Smart Chain, Polkadot, and Polygon.
  • DAO Governance Model: In the future, the Tecra Funding (Science) fund pool will be governed under the DAO model.

Common Risk Reminders

Investing in any blockchain project carries risks, and TECRA is no exception. Here are some common risks to be aware of:

• Technical and Security Risks

  • Inherent Risks of New Technology: Blockchain technology is still rapidly evolving. As an innovative project, TECRA’s underlying technology and smart contracts may have unknown vulnerabilities or flaws.
  • Platform Stability: Although TECRA is committed to improving platform security, any online platform may face risks such as cyberattacks and system failures, which could affect user assets and transactions.

• Economic Risks

  • Cryptocurrency Market Volatility: As a cryptocurrency, TecraCoin (TCR) is subject to market supply and demand, macroeconomics, regulatory policies, and other factors, resulting in high volatility and potential investment losses.
  • Project Token Risks: Project tokens on Tecra Space represent early-stage startups or innovative projects, which inherently carry high business risks and may fail to achieve their goals, affecting token value.
  • Liquidity Risk: If TCR or project tokens have insufficient trading volume, investors may find it difficult to buy or sell at reasonable prices when needed. CoinCarp notes that TCR may currently be unavailable for purchase on exchanges, indicating potential liquidity issues.

• Compliance and Operational Risks

  • Regulatory Policy Changes: Global regulatory policies for cryptocurrencies and tokenized projects are still evolving and improving. The TECRA project needs to continuously monitor legal and regulatory changes in the US, EU, and other regions to ensure compliant operations. Policy uncertainty may impact project development.
  • Market Financing Environment: The state of capital markets and the cryptocurrency industry will significantly affect the project’s development speed. In unfavorable market conditions, even promising projects may face financing difficulties.
  • Project Team Responsibility: The TECRA platform mainly provides technology and infrastructure, while specific project whitepapers, marketing strategies, and fundraising periods are the responsibility of the project teams themselves. This means investors need to conduct independent due diligence on specific projects.

Important Note: The above information is for reference only and does not constitute any investment advice. Please be sure to conduct thorough personal research and risk assessment before making any investment decisions.

Verification Checklist

To gain a deeper understanding of the TECRA project, you can refer to the following key information:

• Block Explorer Contract Addresses:
  • MainNet Explorer: https://explorer.tecra.space
  • TestNet Explorer: https://explorer.testnet.tecra.space
• GitHub Activity:
  • Project GitHub Repository: https://github.com/tecracoin/ (By checking code update frequency, number of contributors, etc., you can assess the project’s development activity.)
• Whitepaper:
  • TECRA Whitepaper: https://tecra.space/files/Tecra_Space_White_Paper.pdf (This is the most comprehensive and authoritative material for understanding the project.)
• Official Website:
  • TECRA Official Website: https://tecra.space

Project Summary

TECRA is an ambitious blockchain project that seeks to provide a decentralized financing and investment platform for innovation in high-tech and intellectual property fields by combining blockchain technology and crowdfunding models. Its core philosophy is to enhance the transparency and trust of crowdfunding and provide opportunities for innovators who find it difficult to gain support in the traditional financial system.

The project connects creators and investors through the Tecra Space platform, uses the native token TecraCoin (TCR) as the economic driver of the ecosystem, and plans to enable free trading of tokens through TecraDEX. Technically, TECRA 2.0 adopts the PoA consensus mechanism and is committed to achieving cross-chain interoperability to improve efficiency and scalability.

However, like all emerging blockchain projects, TECRA also faces challenges in technology, market volatility, regulatory uncertainty, and project execution. In particular, there is some inconsistent information regarding the availability of TCR tokens on exchanges, which requires careful verification by potential participants.

In summary, TECRA offers an interesting model aimed at solving the pain points of innovation financing. But remember, the blockchain and cryptocurrency markets are high-risk, and the project’s prospects depend on multiple factors such as technical implementation, community building, market adoption, and compliant operations. This is not investment advice; please conduct your own research for more details.