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Ten (formerly Obscuro) (TEN)

Ten is a Layer 2 rollup that hyper-scales and encrypts Ethereum. Ten allows Ethereum smart contracts to contain both public and private elements without changing the user or developer experience.

Series A Round: $7.5M

Funding Round: $9M

Testnet guide

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Overview

Project industryBlockchain Infrastructure / Layer-2
Product typeEcosystem
FoundedUnited Kingdom
WhitepaperTen White Paper Open
OnepagerTen Onepager Open

What is Ten

We present TEN, a decentralized Ethereum Layer-2 Rollup protocol designed to add encryption, achieve scalability and prevent Maximal Extractable Value. The design of TEN ensures that existing Ethereum Dapps can move over to TEN for virtually no cost. Any developer familiar with Ethereum can build encrypted dApps on TEN that benefit from the adoption, legitimacy, security, developer tooling and liquidity of the entire Ethereum ecosystem.

End-users can continue to use MetaMask or their favourite Ethereum wallet. Interacting with a TEN application is the same as interacting with any Ethereum application. With a seamless user and developer experience, TEN changes the paradigm around encryption on the blockchain.

TEN leverages a pragmatic technology for encrypting the ledger, Secure Enclaves. Secure Enclaves provide robust confidentiality guarantees with certainty over the code running. They allow TEN to offer smart contracts, decentralisation, scalability and encryption in a way other technologies cannot.

TEN uses Confidential roll-ups, a new type of roll-up inspired by existing roll-up-based L2 offerings Optimistic and ZK roll-ups. The use of confidential computing techniques and economic incentives allows TEN to retain the performance and programming model simplicity of Optimistic roll-ups and attain confidentiality, short withdrawal periods, and address MEV.

Details

Token supply: 1,000,000,000 TEN
Raised: 16,500,000 USD

Legal

Blockchain Platform: Ethereum
Registration country: United Kingdom
Registration year: 2022
Office address: 2 London Wall Place, London, England EC2Y 5AU, GB

Token info

Ticker: TEN
Type: Utility-token
Token standard: ERC-20
Token distribution:
Contributor Community - 2.25%
Community Reserve - 40.95%
Investors - 39.62%
Core Team - 15.20%
Service Providers - 1.98%

Ten Roadmap

1
Q3 2021 Genesis
  • Whitrpaper published
  • Pre-seed funding round successfully conceudes
2
Q1 2022 PoC
  • EVM runs within secure enclave
  • Produce encrypted rollups
3
Q2 2022 MVP
  • MVP complete
  • Team growth
4
Q3 2022 Devnet
  • Release of Devnet
  • Sample dApp launched
5
Q4 2022 Seed
  • Seed funding round successfuly concludes
6
Q1 2023
  • Persistent testnet open to selected partners
  • Developers begin testing
7
Q2 2023 Grow
  • Comunity growth: 400%+
  • Business development: 5 new partners per week
  • Testnet connects to Sepolia
8
Q4 2023 Traction
  • Open testnet to large participation
  • Boost marketing
  • Global hackathons
9
Q2 2024 Mainnet
  • Launch Mainnet Alpha
  • Launch Foundation DAO
  • Define governance model
10
Q2 2024 Token Launch
  • Positioned to distribute OBX
  • Exchange listing
11
H2+ 2024 Future
  • Private app-chains
  • FHE research
  • ZKPs for hyper-scaling

Project team

JAMES CARLYLE
JAMES CARLYLE
Co-Founder & CEO
JAMES CARLYLE linkedin
GAVIN THOMAS
GAVIN THOMAS
Co-Founder
GAVIN THOMAS linkedin
TUDOR MALENE
TUDOR MALENE
CTO & Co-founder
TUDOR MALENE linkedin
CAIS MANAI
CAIS MANAI
Co-Founder & Head of Product
CAIS MANAI linkedin
MORAY GRIEVE
MORAY GRIEVE
Blockchain Engineering
MORAY GRIEVE linkedin
STEFAN ILIEV
STEFAN ILIEV
Blockchain Developer
STEFAN ILIEV linkedin
PEDRO GOMES
PEDRO GOMES
Blockchain Engineer
PEDRO GOMES linkedin
MATT CURTIS
MATT CURTIS
Blockchain Engineer
MATT CURTIS linkedin
JOBIN AYATHIL
JOBIN AYATHIL
Developer Relations Engineer
JOBIN AYATHIL linkedin
JENNIFER ECHENIM
JENNIFER ECHENIM
Senior Frontend Engineer
JENNIFER ECHENIM linkedin
BHAVYA BAKHDA
BHAVYA BAKHDA
Growth
BHAVYA BAKHDA linkedin
ŽIGA KOKELJ
ŽIGA KOKELJ
Blockchain Engineer
ŽIGA KOKELJ linkedin

Social media

Ten web-siteTen MediumTen TelegramTen LinkedInTen X (Twitter)Ten DiscordTen Github

MVP

MVP URL

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