🔶TST (Teleport System Token)
What are TST utilities in TeleOrdinal?
TST is the token of TeleOrdinal and TeleSwap protocol, both built on top of the TeleportDAO bridge. Within TeleOrdinal, TST serves two main purposes:
Governance decisions: TST holders govern and make decisions for the TeleOrdinal protocol. This includes decisions about how to allocate TeleOrdinal treasury funds, which improvement proposals to accept or reject, which chains to add support for, decisions about TeleOrdinal fees, and more.
Discount token: To incentivize TeleOrdinal users to hold TST, the protocol fee will be waived for Ordinal sellers who hold a specific amount of TST in their EVM wallet. Thus, the full amount paid by buyers will go to such sellers.
Tokenomics
The total supply of TST is 1,000,000,000 tokens.
Initial allocation
| 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. |
Unlock schedule
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