Unlike TEA tokens, CML (Camellia) is an NFT (non-fungible token) and also functions as a special software license. Each CML has a different lifecycle just as each tree is different in nature. After a miner purchases frozen CML, they must wait for it to defrost to mine with it. Once their CML is defrosted, the miner can plant the CML into a mining machine to start mining to harvest TEA tokens.
The primary use case for CML is to run a hosting node on the TEA network. Prospective miners should keep in mind the following aspects of CML tokens.
- CML are purchased at auction using the Seed Auction TApp. The total available supply of CML up for auction is dependent on demand for computing resources in the TEA network since CML hosting nodes provide TEA's compute infrastructure. As consumer demand for infrastructure exceeds supply, then more CML seeds will be made available for auction algorithmically by the TEA DAO.
- CML has a lifespan of approximately 2 years after which it dies. If a miner still wishes to host a node after their planted CML dies then they'll need to purchase a new CML seed.
Endusers wishing to use TApps pay a gas fee to the CML miners who host the nodes. A transaction would extract a gas payment from the enduser which would be shared among all the nodes that were used to run the TApp's code.
The revenue paid to CML miners does not go directly to their wallets. The revenue flow instead goes into a CML miner token that's unique to each CML miner. This token is issued on a bonding curve where supply and price is correlated.
Let's step through a real life example to see how this would play out.
- 1.An enduser uses TApp_1 and pays both an app usage fee (paid to the TApp's bonding curve token) and a gas fee (paid to the bonding curve tokens of CML miners used during the process execution.)
- 2.CML 11 and CML 203 are used to run TApp_1's code for the transaction and therefore share in the gas fee that the enduser paid.
- 3.Both CML 11 and CML 203 have bonding curve tokens associated with them named, respectively, CML-$11 and CML-$203.
- 4.The gas payment is paid in TEA proportionally to both of these CML bonding curve tokens in proportion to how much computational work they performed (CPU cycles consumed, memory and disk space occupied etc.)
- 5.The TEA is injected into these two bonding curve tokens which creates an increased in the supply of both of the tokens.
- 6.Owners of CML-$11 and CML-$203 tokens all get issued these surplus tokens.
From the above chain of events, we can deduce that being a CML miner is profitable according to what percentage of their CML's bonding curve token they own. The larger percentage they own, they more they'll get of every gas transaction that uses their mining hardware for running tasks.