CoinList online Teleportdao to understand Teleportdao

Author: Teleportdao team, translation: Bit chain vision Xiaozou

Press: CoinList announced that it will be sold at 17:00 on April 11th from 17:00 on April 11th to 17:00 on April 18th.Teleportdao is an interoperable protocol that provides cross -chain application infrastructure from Bitcoin to EVM chain.TeleportDao is also the seed batch project of COINLIST 2022.

1Preface

Teleportdao realizes the Bitcoin -level security connection from Bitcoin to EVM chain and Bitcoin L2 solution through the light client bridge.The agreement promotes the Bitcoin bridge and supports Bitcoin’s cross -chain application creation.

Teleportdao’s light client bridge supports message transmission from Bitcoin to EVM chain, and has launched two important decentralized applications (DAPPS).

Teleswap:This is a decentralized trading platform. Users can connect and exchange BTC and BRC-20s between Ethereum, Polygon and BNB Chain, which has unparalleled security.
Teleordinal:The first cross -chain market of Bitcoin NFTS (Ordinals) can use stablecoins from the EVM chain to decentralized bidding on Ordinals.

2Bright spot

Construct a safe cross -chain application for Bitcoin:Teleportdao is a unique light client Bridge that does not need to be trusted, connecting Bitcoin, its L2 protocol and EVM chain (such as Ethereum, BNB Chain, and Polygon).It can build a secure and unscrupulous cross -chain application for Bitcoin, such as Bitcoin borrowing, stable currency supported by Bitcoin, or order borrowing, and so on.
Use ERC-20s to trade BTC and BRC-20s:Teleswap is the ultimate liquidity protocol of Bitcoin assets, which promotes native Bitcoin and BRC-20s without any trust exchange between any ERC-20 tokens, setting a new benchmark for Bitcoin’s liquidity and the availability of Bitcoin.
Buy order from all EVMS:Teleordinal launched the first ORDinals and BRC-20s unbelievable markets, providing a user-friendly security platform for transactions using stablecoins for transactions.

3As well asCoinlistSales situation

Teleportdao token sales details are as follows:

Token sales date:UTC time on April 11, 2024 17:00 -April 18, 2024 17:00
To token price:$ 0.075
Distribution timetable:20%was unlocked after 75 days, and the remaining 80%completed the distribution within 6 months.The tokens are expected to be carried out around July 17, 2024.
Completely dilute the network valuation:$ 75,000,000
Total tokens:1,000,000,000,000 TST
CoinList public sale supply:70,000,000 TST; that is, 7% of the total supply volume
The lower limit of the purchase quota:$ 100
The upper limit of the purchase quota:$ 2000
Funding method:USDC, USDT
Limited participants:Personnel who cannot participate in this sales include: the United States (and its territory), Canada, China, the Republic of Korea, and residents of some jurisdictions.

Note: During the sales of TeleportDao tokens, Teleportdao can decide its own increase of 25,000,000 TST (accounting for 2.5%of the total supply).

4, Token economics

Teleportdao system tokens (TST) provide key functions in the network, especially the operation of Locker and Teleporter nodes, and provide users with benefits.

The Locker node, which is crucial to maintaining network integrity, needs to lock the native token to run normally.However, it is planning to transfer this request to TST token.With the increase of network activities, especially the increase in the Wrapping and Unwrapping transactions, the Locker node needs to lock more TST tokens as a mortgage.This transformation will increase the utilization rate of TST and make it the core element of network operations.

Similarly, the TelePorter node, which played a key role in the cross -chain proof of TELESWAP and Teleordinal, will be forced to lock the TST tokens.This requirement ensures their operations, and also expands TST’s utilization, because it is indispensable for these key network functions.

For users, using TST tokens can bring real benefits, the biggest benefit is the discount.By locking TST tokens, users can enjoy lower trading fees, especially for Bitcoin and Ordinal transactions.This incentive can not only enhance the user experience, but also promote the deeper integration of the TST to the network ecology.

Locker node needs to lock TST:The future requirements will be that the Locker node must lock the TST token, so as to increase the utilization rate of the token with the growth of network activities.
Teleporter node needs to lock TST:Teleporter nodes need to lock TST to run to ensure network security and further improve TST’s utilization rate.
TST user discount:Locking TST tokens will provide users with transaction fees discounts to enhance the utility and user stickiness of the token in the network.

5, Ecological system

6, Partner

7,technology

Unlike most relying on Bridges based on the Validator (verification) method, Teleportdao uses light client technology.The basic concept behind the light client technology is to use the smart contract to verify the consensus of the source chain on the target chain.Therefore, we do not rely on third parties to conduct cross -chain verification, but use the predefined intelligent contract rules to achieve this goal.Compared with the architecture -based architecture, light client technology has the following three obvious advantages:

Safety:The existing Bridges relies on a set of verification device to verify the cross -chain data.The security vulnerabilities of these verifications, such as potential private key leakage risks, may lead to millions of dollars of hackers.However, in the light client solution, the verification of cross -chain data is implemented by smart contracts, thereby enhancing security.
Capital efficiency:The solution based on the verification device needs to lock a large amount of capital to improve security, so that Bridge can handle higher -value tokens.This stems from the fact that their security depends on locking value.In contrast, the light client Bridges obtains security from the underlying chain, thereby eliminating the demand for too much funds.
Decentralization:In the Bridges -based Bridges, the data is transmitted by a set of verifications, and the verification device may review cross -chain message activities.In the light client Bridges, anyone can transmit data on cross -chain, and the data provided is verified by smart contracts to ensure a more decentralized method.