🟩TST (Teleport System Token)
Last updated
Last updated
Within TeleSwap, TST serves three main purposes:
Revenue sharing: Users can stake their TST in various reward pools and earn a share of the fees generated by TeleSwap transactions. As TeleSwap’s transaction volume grows, more fees are generated, resulting in increased earnings for TST stakers.
Collateral for Lockers: Lockers are required to lock TST in addition to native token collateral to operate within the network. In the future, TST will become the sole accepted collateral, replacing native tokens, once its price stabilizes in the market and it is safe to use as exclusive collateral. As the demand for the TeleSwap protocol grows, lockers must lock more TST, ensuring the protocol’s security.
Governance decisions: TST holders govern the TeleSwap protocol, making key decisions such as:
Allocating TeleSwap treasury funds
Approving or rejecting improvement proposals
Adding support for new chains
Setting TeleSwap fees
Adding new Lockers, and more.
TST serves as the backbone of the TeleSwap ecosystem, combining utility, security, and governance to drive the protocol’s success.
The total supply of TST is 1,000,000,000 tokens.
| Category | Percentage | Vesting schedule | Description |
|---|---|---|---|
Ecosystem | 50.91% | 30% unlocks in year 1, another 30% in year 2, and the remaining 40% in year 3. | This allocation is designated for the ongoing development of the TeleSwap and TeleOrdinal protocols. It will be used to support teams and projects contributing to TeleSwap and TeleOrdinal by creating tools, analytics, integrations, and new features, among other activities. Additionally, it will be used to run incentive campaigns aimed at promoting the growth of these two products, such as farming campaigns, and more. |
Team | 25% | 25% unlocks after a 6-month cliff, with the remaining amount vesting linearly over the following 12 months. | This allocation is designated for the early TeleportDAO team. They are responsible for developing and maintaining the TeleSwap and TeleOrdinal protocols, continuously working to fix bugs, improve performance, support new Bitcoin protocols and standards, and expand them to new blockchains. |
Investors | 8.55% | 25% unlocks after a 6-month cliff, with the remaining amount vesting linearly over the following 12 months. | TeleSwap and TeleOrdinal are backed by leading crypto VC firms, which bring significant value to the company. |
Community Sale | 7% | 20% unlocks at TGE, with the remainder vesting over 6 months. | This allocation is reserved for the TST token sale to distribute TST among early adopters and users. |
Company Operations | 5% | 25% unlocks after a 6-month cliff, with the remaining amount vesting linearly over the following 12 months. | This allocation is dedicated to the core company that contributes to and maintains TeleSwap and TeleOrdinal. |
CoinList Reward Program | 3.01% | 20% unlocks at TGE, with the remainder vesting over 6 months. | We conducted two incentivized campaigns through CoinList, where users extensively tested the TeleSwap and TeleOrdinal protocols, providing valuable feedback and insights to enhance the products. |
Advisors | 0.53% | 25% unlocks after a 6-month cliff, with the remaining amount vesting linearly over the following 12 months. | This allocation is designated for technical and business experts who guide us in enhancing the technology behind our products and selecting the optimal business strategies in the market. |
