Tokenomics — TST
TST (Teleport System Token) is the native token of TeleSwap, with a fixed total supply of 1,000,000,000 TST. Its most visible utility today is staking to earn a share of protocol fees in Bitcoin, but it plays three roles across the protocol.
What TST is used for
- Revenue sharing (staking) — stake TST in reward pools to earn a share of the fees generated by TeleSwap activity, paid in BTC. See Staking → earn BTC below.
- Locker collateral — Lockers lock TST as collateral to operate. The protocol is moving toward making TST the sole accepted collateral, replacing native-token collateral over time.
- Governance — TST holders govern protocol decisions: treasury allocation, proposals, adding new chains, setting fees, and approving new Lockers.
Staking → earn BTC
Stakers stake TST toward a specific chain and receive rewards in BTC (TeleBTC). For every swap routed through that chain from the TeleSwap interface, 50% of the fees is distributed to that chain's TST stakers, pro-rata to their stake. This aligns TST holders with real protocol usage — more swap volume on a chain means more BTC for its stakers.
A lock-up period (currently ~1 month) applies to the staked principal so stakers can't grab a distribution and immediately exit; rewards are claimable at any time, and after the lock-up the stake can be unstaked at any time.
See Stake TST for the step-by-step flow.
Supply & distribution
Total supply is 1,000,000,000 TST, allocated as follows:
| Allocation | Share | TST | Purpose |
|---|---|---|---|
| Ecosystem | 48.41% | 484,100,000 | Protocol development, team support, incentive campaigns |
| Team | 25% | 250,000,000 | Early TeleportDAO team development and maintenance |
| Community Sale | 9.5% | 95,000,000 | Early-adopter distribution |
| Investors | 8.55% | 85,500,000 | VC backing |
| Company Operations | 5% | 50,000,000 | Core company operations |
| CoinList Reward Program | 3.01% | 30,100,000 | Protocol-testing incentives |
| Advisors | 0.53% | 5,300,000 | Technical and business guidance |
Vesting
The token generation event (TGE) was 27 June 2024. Linear portions release monthly.
| Allocation | Schedule | Fully unlocked |
|---|---|---|
| Ecosystem | 30% at TGE, 30% on 27 June 2025, 40% on 27 June 2026 | 27 June 2026 |
| Team · Investors · Company · Advisors | 25% on 27 December 2024 (6-month cliff), then 75% linearly over the following 12 months | 27 Dec 2025 |
| Community Sale · CoinList | 20% at TGE, then 80% linearly over the following 6 months | 27 Dec 2024 |
The last tranche unlocked on 27 June 2026, so the entire supply is now unlocked.
Related: Earn on Bitcoin · Stake TST.