☕
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
  • Every CML has a lifespan
  • Determinants of CML supply
  • CML seeds are purchased through an open auction
Edit on GitHub
  1. Tokens
  2. CML Tokens

CML Seed Auctions

Last updated 1 year ago

Miners who wish to deploy a node on the TEA Project ecosystem will need to plant a Camellia (CML) NFT into their mining machines. These act as mining licenses for the mining nodes and record important metadata about the node's hardware, the Camellia's age, its credit history, and the machine's capabilities. Most miners will be interested in purchasing a hosting CML which will allow them to host TApps on the network.

Every CML has a lifespan

Every Camellia NFT has a life cycle: it’s born from a seed, grows into a tree, and then eventually dies over a span of approximately 2 years. The productivity of the CML will follow this timeline as well: it's not very productive in the beginning of its life. But as it grows up, it becomes more productive and generates larger amounts of revenue. When the Camellia gets older and starts approaching the 2 year mark, its productivity drops. Eventually, it will reach the end of its life cycle and die. Miners will then need to buy a new Camellia seed and plant it into their machine to start over from the very beginning.

Determinants of CML supply

There will be a cap of 10,000 CML during the first two years of the ecosystem. Any limits beyond that will be determined by a DAO governance vote.

The supply of tokens released to be sold on the marketplace through auction is determined algorithmically by the DAO. If there are many idle miners on the network, then demand is relatively low and no new seeds will be released to the marketplace. Conversely, if there's no slack in the system and network miners are near their hosting capacity, then more CML seeds will be released for auction in an effort to bring more hosting nodes online to host TApps.

CML seeds are purchased through an open auction

CML is purchased through an open auction process where the DAO (or individual users) list their seeds for sale at their desired price. The TEA Application for CML seeds auction is

_3_Seeds Auction