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Tokenomics
TST is the governance token of TeleSwap (and also TeleOrdinal). TST holders decide which chains to support, which DEXes to support, which tokens to accept as collateral, determine protocol fees, etc. In the future, TST can be locked by Lockers to guarantee honest behavior (currently, MATIC is used as collateral).
The total supply of TST is 1,000,000,000 tokens. The initial allocation of TST is as follows:

Allocations
Category | Percentage | Description |
---|---|---|
Network | 62% | This will be used to stimulate development of TeleSwap and TeleOrdinal by providing funding to projects and communities. |
Team | 25% | This is allocated to the early TeleportDAO team. |
Investors | 8% | |
Operations | 5% | 5% is allocated to the core company that contributes and maintains TeleSwap and TeleOrdinal. |

Unlock schedule
Last modified 30d ago