Tokenomics — TST
TST (Teleport System Token) is the native token of TeleSwap, with a fixed total supply of 1,000,000,000 TST. Its most visible utility today is staking to earn a share of protocol fees in Bitcoin, but it plays three roles across the protocol.
What TST is used for
- Revenue sharing (staking) — stake TST in reward pools to earn a share of the fees generated by TeleSwap activity, paid in BTC. See Staking → earn BTC below.
- Locker collateral — Lockers lock TST as collateral to operate. The protocol is moving toward making TST the sole accepted collateral, replacing native-token collateral over time.
- Governance — TST holders govern protocol decisions: treasury allocation, proposals, adding new chains, setting fees, and approving new Lockers.
Staking → earn BTC
Stakers stake TST toward a specific chain and receive rewards in BTC (TeleBTC). For every swap routed through that chain from the TeleSwap interface, 50% of the fees is distributed to that chain's TST stakers, pro-rata to their stake. This aligns TST holders with real protocol usage — more swap volume on a chain means more BTC for its stakers.
A lock-up period (currently ~1 month) applies to the staked principal so stakers can't grab a distribution and immediately exit; rewards are claimable at any time, and after the lock-up the stake can be unstaked at any time.
See Stake TST for the step-by-step flow.
Supply & distribution
Total supply is 1,000,000,000 TST, allocated as follows:
| Allocation | Share | Purpose |
|---|---|---|
| Ecosystem | 50.91% | Protocol development, team support, incentive campaigns |
| Team | 25% | Early TeleportDAO team development and maintenance |
| Investors | 8.55% | VC backing |
| Community Sale | 7% | Early-adopter distribution |
| Company Operations | 5% | Core company operations |
| CoinList Reward Program | 3.01% | Protocol-testing incentives |
| Advisors | 0.53% | Technical and business guidance |
Vesting
- Ecosystem — 30% in year 1, 30% in year 2, 40% in year 3.
- Team / Investors / Company / Advisors — 25% after a 6-month cliff, then linear vesting over the following 12 months.
- Community Sale / CoinList — 20% at TGE, with the remainder released over 6 months.
Supply, distribution, and vesting above are mirrored from the official tokenomics source. Confirm the current figures (and any post-TGE changes) before treating them as final.
Related: Earn on Bitcoin · Stake TST.