Tokens
Last updated
Last updated
The TEA Project's tokens are designed to incentivize behavior that rewards participants in the TEA ecosystem. We'll often discuss tokenomics when describing the various tokens in the TEA Project to help explain why we've designed the tokens the way that we did.
The two main tokens of the TEA ecosystem are TEA and CML.
TEA is a fungible ERC-20 token that's used as a utility token on the TEA platform. TEA is used to both pay gas fees as well as a payment token for using TApps.
TEA has a 100M total supply and is not inflationary - no tokens will be minted beyond the initial genesis event. The pre-allocation of tokens follows a vesting schedule and will be allocated as follows:
More information is available in our TEA token section as well as our tokens FAQ.
CML (Camellia) is an NFT token (ERC-721) that functions as a mining license on the TEA network. Miners plant a CML NFT into their mining machines to make it active on the TEA network. The supply of CML is determined via demand for computing resources on the network: more demand for computing resources would indicate a shortage of hosting nodes which would prompt the TEA DAO to issue more CML NFTs. More info on Camellia is available in our CML token section.
TEA token rewards for developers who deploy TApps and CML miners who run hosting nodes are paid out via bonding curve tokens.
An enduser pays a TApp usage fee and a gas fee to use a TApp.
The TApp usage fee goes to all of that TApp's bonding curve token holders.
The gas fee goes to all of the CML hosting node's bonding curve token holders. Note that there could be multiple CML nodes involved with running an enduser's transaction. In that case, the gas fee will be split among them according to how much their machines are utilized.
These bonding curve token profits can be better visualized as the remaining profits after all ecosystem expenses are paid out:
More info on TApp and CML miner tokens are available in our bonding curve section.
