The TEA Token
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TEA Token
A token to unlock the potential of OSS
TEA is the access key to the tea Protocol. Value captured by the protocol accrues back to token holders in novel ways that further enhance the sustainability of the open source software ecosystem.
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tea Incentivized Testnet is now live. During the testnet a test version of TEA tokens will be used.
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OSS Utility
TEA is a cryptographic token that governs access to the tea Protocol and the way value is distributed and shared amongst OSS projects, developers, and community members interacting with the tea Protocol.
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Demand Drivers
TEA has a unique blend of characteristics that catalyze demand and strengthen its essentiality. As an infrastructure for OSS projects, TEA is required to register and support software projects and pay gas fees for transfers and protocol activity. As an application to improve the resilience of OSS, vulnerability reporters must stake TEA to submit vulnerability reports & earn bounties.
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Future potential
TEA will serve as a universal primitive for a decentralized marketplace for the OSS ecosystem, facilitating full composability regardless of a project’s package manager, dependencies, and dependents. In this sense, TEA will allow developers to capture the value they create with fair incentives for their contributions.
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TEA allows OSS developers to capture the value they create
Protocol Value Creation
TEA Value Capture
TEA Tokenomics
1. General Information
Maximum Token Supply
10 Billion
Estimated Date of TGE
Q2 ’24
Type of Supply
Deflationary
The amount of TEA tokens in circulation will never exceed 10 Billion. TEA embeds a variety of mechanisms designed to programmatically and automatically remove TEA from circulation via slashing and “burn” mechanisms. These mechanisms further enhance the token’s utility and encourage collaboration between community members, core maintainers, and OSS projects.
2. TEA Distribution Schedule
TEA’s Distribution Schedule dictates the issuance of tokens to various individuals and stakeholders within the protocol. More than 50% of the TEA tokens created by the protocol are allocated to “Ecosystem & Governance.” These tokens are used as incentives to encourage package maintainers, users, and supporters to perform activities that provide value to the decentralized network. A portion of these tokens are maintained in a DAO treasury and used to vote in protocol governance.
Roughly 19% of the maximum token supply will be allocated to core contributors participating in “Protocol Development”. This allocation is used to promote the continued evolution of the tea Protocol which will ensure the sustainability of the OSS ecosystem. “Early Supporters & Advisors” will receive approximately 13% of the TEA token supply.
The remaining 17% of TEA tokens to be distributed will be utilized to facilitate the protocol’s mainnet launch. This will include a strategic token sale to various institutional investors (11%), and a public sale to promote widespread community distribution at TGE (3%). The remaining ~3% of TEA tokens will be allocated to support marketplace liquidity once a token generation event occurs.
A detailed breakdown of TEA’s Distribution Schedule can be found below:
Group
Ecosystem & Governance
Protocol Development
Early Supporters & Advisors
Private Sale
Liquidity Provision
Public Sale
% of Maximum Token Supply
51.4%
18.6%
12.7%
11.0%
3.2%
3.0%
3. TEA Emissions Schedule
TEA’s Emissions Schedule determines the manner and rate at which tokens enter the circulating supply. TEA’s emissions curve is conservative and spans over 50 years with a majority of the token supply introduced programmatically based on network participation. Accordingly, TEA’s inflation is limited based on its success in onboarding OSS projects and their communities. The four major groups of network participants that are eligible to receive TEA tokens as part of the protocol’s incentive-based emissions are listed below.
- OSS Project Maintainers
- tea Community Members
- Project Supporters, and
- Vulnerability Reporters
TEA tokens will also be utilized to support OSS projects and secure the software supply chain through staking, including the right to challenge a project’s codebase by conducting a review and reporting bugs or vulnerabilities, reward the open-source developers of registered projects, and participate in the governance of the tea Protocol.
The tea Protocol will conduct its token generation event (“TGE”) with roughly 19% of its maximum token supply unlocked and in circulation. Of the tokens in circulation at TGE, almost half will be allocated to the DAO and will be utilized for governance. Roughly 33% of the initial circulating supply will be utilized to facilitate the protocol’s mainnet launch including a public sale to promote widespread community distribution and tokens allocated to support marketplace liquidity. The remaining tokens will be distributed as protocol incentives and airdrops to network participants including OSS projects, and community members. Once the mainnet is live, TEA tokens will begin emitting to OSS projects that onboard to the protocol, as well as individuals and who interact with the network.
A detailed breakdown of TEA’s Emissions Schedule can be found below:
Tea token release schedule (first 5 years)
Ecosystem & Governance
Protocol Development
Early Supporters & Advisors
Private Sale
Liquidity Provision
Public Sale
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*This website is for information purposes only. The information shared on this website is not intended to form the basis of any investment decision and is not and should not be considered an offer, recommendation, or advice. This information shared on this website may contain forward looking statements, opinions and/or projections which involve significant elements of subjective judgement and analysis which may or may not be correct. Such forward looking statements, opinions and projections are not guarantees of future performance and involve known and unknown risks and uncertainties. The information shared on this website speaks only as of the date you visit the website and updates, revisions and/or changes to the website are at any time possible. Prior to your participation in the acquisition of TEA tokens, you shall carefully study this website and all the documents and contract associated with the same. Do NOT enter into such contract unless you have actually read, understood, and agreed to be bound by such terms. The acquisition of TEA tokens involves inherent risks and speculative elements. Do NOT purchase TEA tokens unless you’re prepared to lose the entire purchase price. This is a high-risk purchase and you are unlikely to be protected if something goes wrong.