🟩TST (Teleport System Token)

What are TST utilities in TeleSwap?

TST is the token of TeleSwap and TeleOrdinal protocol, both built on top of the TeleportDAO bridge. Within TeleSwap, TST serves three main purposes:

  1. Governance decisions: TST holders govern and make decisions for the TeleSwap protocol. This includes decisions about how to allocate TeleSwap treasury funds, which improvement proposals to accept or reject, which chains to add support for, decisions about TeleSwap fees, decisions about adding new Lockers, and more.

  2. Collateral for Lockers: For a node to become a Locker, they need to lock collateral in the TeleSwap contract. Before the TST token generation event (TGE), Lockers are required to lock the native token of the EVM chain. After the launch of the TST token, Lockers will be required to lock an additional amount of TST. In the future, the only accepted collateral will be TST and native tokens will be removed. This transition from only native tokens to only TST occurs when the TST price stabilizes in the market and it is safe to use it as the sole collateral. As the demand for the TeleSwap protocol increases, Lockers are required to lock additional TST to ensure the security of the protocol. This increases the demand for TST to be able to provide services for users.

  3. Discount token: To incentivize TeleSwap users to hold TST, the treasury fee will be waived for users who hold a specific amount of TST in their EVM wallet. The treasury fee is 0.05% of the bridge amount, which reduces user costs by 25% in total.


The total supply of TST is 1,000,000,000 tokens.

Initial allocation

Unlock schedule

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