TeleportDAO token is called TDT. TDT is a governance token that is also used to incentivize TeleportDAO participants. Moreover, TDT can be staked by the users to use the instant feature of TeleSwap (a cross-chain settlement dApp built on top of TeleportDAO).
The initial token supply is capped at 1,000,000,000 TDT tokens. There is currently no inflation, but it is expected that it will be beneficial for the protocol to incorporate modest inflation after 3 years in order to reward future active participants. Ultimately, this will be up to the community to discuss and decide.
The initial allocation of the total supply of TDT is as follows:
20% is allocated to the early TeleportDOA team . The team is subject to 2-year unlock schedules, all with initial 6-month lock-ups and 12-month transfer restrictions.
5% is allocated to the core company that contributes and maintains the protocol. The company is subject to 2-year unlock schedules, all with initial 6-month lock-ups and 12-month transfer restrictions.
4.10% is allocated to a group of early supporters who invested in the company to help build the protocol. These supporters are all long-term oriented and have 2-year unlock schedules, as well as an initial 6-month lock-up and 12-month transfer restriction.
Series A Investors
50.90% is allocated to Network fund which is a program meant to stimulate development in the TeleportDOA ecosystem by providing funding to projects and communities