☕
TEA Project documents
  • TEA Project Intro
    • Litepaper
    • TEA Project Example Use Cases
    • TEA Project's Technical Principles
    • Profitability of TEA Ecosystem Participants
  • User's manual
    • Tea AppStore - Account
    • Tea AppStore-TApps list
    • Tea AppStore - Investments
    • Harberger auction
    • Seeds auction
    • TEA Fluencer
    • Miner's portal
    • Developer's portal
    • Leader board
    • TEA Party
    • Togar3 Game
    • Credit token
    • Metamask connect
    • TApp authorizations
  • Tokens
    • FAQ - Tokens
    • Bonding Curve Tokens
      • Bonding Curve Theta
      • CML Miner Tokens
      • TApp Token Supply & Demand
      • TApp and CML Tokens
      • TApp Tokens
    • CML Tokens
      • CML Transfers
      • CML Seed Auctions
    • TEA Tokens
      • Billing-system-between-layer1-layer2
  • Mining
    • FAQ - Mining
    • Mining: Required Open Ports
    • Mining With AWS Nitro
    • Mining with own hardware is not available on the mainnet (Q1, 2024)
    • Hosting Profitability
    • Remote Attestation
    • State Maintainer Nodes
  • TApps
    • Developers
    • FAQ - TApps
    • Core TApps
    • TApp Creation & Theta
    • TEA Billing
    • TEA Fluencer TApp
  • Mainnet and test net (Epochs)
    • Epoch 2
    • Epoch 3
    • Epoch 4
    • Epoch 5
    • Epoch 6
    • Epoch 7
    • Epoch 8
    • Epoch 9
    • Epoch 10
    • Epoch 11
    • Epoch 12
  • FAQs
    • FAQ - Links
    • FAQ - Technical
    • TEA Governance Structure
    • TEA Security
    • TEA Social Media
    • The TEA Project Core Team
  • Appendix
    • The Future and Innovation of Layer2
    • What Makes a Web3 Application
Powered by GitBook
On this page
  • TEA Token
  • CML Token
  • Bonding Curve Tokens
Edit on GitHub

Tokens

Last updated 1 year ago

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 Token

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 as well as our .

CML Token

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 .

Bonding Curve Tokens

TEA token rewards for developers who deploy TApps and CML miners who run hosting nodes are paid out via bonding curve tokens.

  1. An enduser pays a TApp usage fee and a gas fee to use a TApp.

  2. The TApp usage fee goes to all of that TApp's bonding curve token holders.

  3. 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:

TEA_Economy

More info on TApp and CML miner tokens are available in our .

bonding curve section
TEA token section
tokens FAQ
CML token section