What is Tegro? Tegro is an exchange focused on the GameFi and Metaverse markets that allows users to trade NFTs on Ethereum and Polygon and other EVM-compatible chains. So what is special about this project? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can refer to some of the following projects to better understand the article
- What is SudoSwap? SudoSwap cryptocurrency overview
- What is FloorDAO? FloorDAO cryptocurrency overview
- What is Nfex? Overview of the NFex cryptocurrency
- What is MuseDAO? Overview of MuseDAO cryptocurrency
What is Tegro?
Overview of Tegro
For a long time, NFTs were still considered illiquid assets and comparable to the traditional real estate market. The unique characteristics of NFTs such as uniqueness along with inconsistent prices within a collection have made connecting sellers with buyers extremely difficult.
Tegro’s exchange solves this problem by tokenizing NFTs so users can trade NFTs similar to trading tokens. This is done through the concept of NFT20 (this is a concept introduced by Tegro that tokenizes NFTs into NFT20 tokens at a 1:1 ratio) making NFT trading user-friendly and efficient. than for users in the Crypto market.
What is the Tegro difference?
Tegro is working hard to create a unique NFT exchange. Tegro will support all EVM-compatible blockchains with over 15 active blockchains and several in the pipeline. Some of the exciting features being rolled out on the platform include:
- Order Book Trading: Tegro uses an Order Book model that allows users to place buy or sell orders and facilitates bulk trading without experiencing slippage. Currently, Tegro is deploying a number of popular tokens such as: ApeCoin, Mana, Gala,…
- Auto Order Matching: Tegro implements automatic order matching feature, just enter the desired quantity and price, the user’s trading order will automatically be displayed on the order book and automatically matched with the buyer or seller.
- Easy Liquidity: Tegro does not implement multiple trading pairs and keeps it simple by only pairing the NFT trading pair with the USDT token allowing for a higher level of liquidity for users.
- Zero Gas Fees: Tegro allows users to trade on its platform without any gas fees.
- Mobile App Support: Not only deployed on the web platform, Tegro is currently available on Android and will soon be available on IOS. This way, users can trade on the platform at any time and from anywhere.
Core Team
Anmol Bongirwar : Building
- Anmol graduated with a bachelor’s degree in computer science from Dwarkadas J. Sanghvi College of Engineering.
- Anmol is the Co Founder and CEO of PrdCred – a multi-genre prediction game from the stock market to politics and sports since March 2017.
- After a period of operation in January 2020, Anmol decided to join a new Start up called Bidkart – an online auction platform with the position of CEO.
- In September 2020, Anmol moved to become CEO at Byby – a shopping browser where users can shop over 300 online stores.
- After that, Anmol quit his job and became Construction at Tegro from September 2022.
Kshitij Agrawal: Senior Product Manager
- Kshitij graduated with a bachelor’s degree in computer engineering from Mumbai University. After that, Kshitij continued studying the master’s program at New York University and graduated with a master’s degree in Computer Science.
- Kshitij started working at PayPal as a Software Developer in July 2013.
- In May 2016, Kshitij moved to work at Crowdfire as a Software Engineer.
- Kshitij decided to quit his job at Crowdfire and move to InVideo in many different roles from Software Engineer to Product Manager.
- In July 2021, Kshitij moved to work at WazirX – one of the largest cryptocurrency exchanges in India as a Product Manager.
- After that, Kshitij decided to quit his job and join Tegro in June 2022. Currently, Kshitij is holding the role of Senior Product Manager at Tegro.
Shubham Thadani: Senior Finance Executive
- Shubham has worked at SF Concept as Senior Account Manager since July 2021.
- After that, Shubham moved to work at Inspire Institute of Sport as Senior Finance Executive from December 2022.
- Shubham quit his job and joined Tegro from May 2023. Currently, Shubham is holding the role of Senior Finance Executive at Tegro.
Investor
June 26, 2023: Tegro receives Seed Round investment from Polygon Ventures for an undisclosed amount but at a valuation of $100M USD.
Tokenomics
Update…
Information Channel of Tegro Project
- Website: https://tegro.com/
- Twitter: https://twitter.com/TegroFi
- Discord:
summary
Tegro focuses on a subset of the market that allows users to trade GameFi and Metaverse assets. Currently, Tegro has not officially come into operation and is in Beta version, but with a development team that has experience in developing the WazirX exchange with more than 10M users, I am sure they will have great results. correct development strategy in the future.