Teleport System Token Price

(TST)
USD($)
Teleport System Token (TST) Live Price Chart

Teleport System Token Live Price Data

The live price of Teleport System Token is $0.01582, with a total trading volume of $ 75,879 in the last 24 hours. The price of Teleport System Token changed by -5.77% in the past day, and its USD value has decreased by -30.69% over the last week. With a circulating supply of -- TST, the market cap of Teleport System Token is currently -- USD, marking a --% increase today. Teleport System Token currently ranks #-- in market cap.
How do you feel about Teleport System Token today?
Note: This data is for reference only.
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Teleport System Token(TST) Profile

altRank--
rate--
Expand
Documentation
Explorer
Contract
Ethereum 0x082809...DAd
Audited By
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Code & Community
Investors
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$0.01560
$0.01816
$0.11694
+0.44%
-5.77%
-30.69%
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$54,696 
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1B

About TST

How can I buy Teleport System Token (TST)?

Buying TST on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Teleport System Token (TST) for more information.

What Is Teleport System Token (TST) Crypto?

Teleport System Token (TST) is the utility token for TeleportDAO. TST is an ERC-20 token, primarily used within the TeleportDAO ecosystem.

TeleportDAO is a trustless bridge that connects Bitcoin to EVM chains and Bitcoin layer 2s. This setup allows developers to create secure and decentralized cross-chain applications for Bitcoin.

TeleportDAO uses light-client verification to verify Bitcoin data on other chains without relying on third parties. The network of Relayer nodes submits Bitcoin block headers on target chains, which are then verified against Bitcoin's consensus rules. Two main applications powered by this bridge are TeleSwap and TeleOrdinal.

  • TeleSwap: A decentralized protocol for bridging Bitcoin and Bitcoin tokens (like BRC-20s) to other chains. It lets users trade Bitcoin assets for ERC-20s and bring their Bitcoin assets to other chains by wrapping them into decentralized wrapped assets.
  • TeleOrdinal: A cross-chain marketplace for Bitcoin NFTs (Ordinals), allowing users to buy and sell Ordinals with stablecoins without needing to trust sellers.

How Does Teleport System Token Work?

Teleport System Token (TST) works as part of TeleportDAO, a trustless bridge connecting Bitcoin to EVM (Ethereum Virtual Machine) chains and Bitcoin layer 2s. This allows developers to create secure and decentralized cross-chain applications for Bitcoin.

The bridge uses light-client verification. This means it can verify Bitcoin data on other chains without needing to trust third parties. It relies on a decentralized network of Relayer nodes. These nodes submit Bitcoin block headers to target chains, which are then verified against Bitcoin’s consensus rules.

History of TeleportDAO and Teleport System Token (TST) Coin

TeleportDAO was founded in February 2022 by Mahyar Daneshpajooh and Ali Saheli. The token sale for TST was held on CoinList from April 11 to April 18, 2024, where they raised funds to further develop the platform.

TeleportDAO has a detailed roadmap:

  • Q2 2024: Integration of TeleSwap with two major Bitcoin wallets.
  • Q3 2024: Expansion of the Bitcoin bridge to five Bitcoin Layer 2 solutions.
  • Q4 2024: Increase TeleSwap capacity using restaking.

What Is TST Token Used for?

Here are the main use cases for TST:

  1. Governance: You use TST to participate in decentralized governance within the TeleportDAO. This means you can vote on important decisions and proposals that affect the development and direction of the project.
  2. Rewards: TST is used to reward relayers. Relayers are nodes in the network that submit Bitcoin block headers to target chains, helping verify and finalize these headers against Bitcoin's consensus rules.
  3. Transaction Fees: You use TST to pay for transaction fees within the TeleportDAO ecosystem. This includes fees for using applications like TeleSwap and TeleOrdinal.
  4. Incentives: The token incentivizes users to participate in the network, such as providing liquidity or engaging in staking activities.
  5. Access to Services: TST gives you access to various services within the ecosystem, such as trading Bitcoin assets on TeleSwap or buying and selling Bitcoin NFTs on TeleOrdinal​.
  6. Trade TST on KuCoin: Trade Teleport System Token against other cryptos on the KuCoin Spot Market to profit from changing market conditions, but only after you DYOR. Buy, sell, or HODL $TST based on your investment goals and risk tolerance.

What Is Teleport System Token Tokenomics?

TST has a total supply of 1 billion tokens. The Teleport System Token's initial allocation is as follows:

  • Ecosystem: 50.91% for ongoing development and incentives.
  • Team: 25% allocated to the founding team.
  • Investors: 8.55% for early backers.
  • Community Sale: 7% for distribution among early adopters.
  • Company Operations: 5% for operational costs.
  • CoinList Reward Program: 3.01% for incentivizing early users.
  • Advisors: 0.53% for strategic guidance.

TST Vesting Schedule

  • Ecosystem funds unlock over three years.
  • Team and investor tokens unlock after a 6-month cliff, with the remainder vesting over the following year.
  • Community sale and reward program tokens partially unlock at the token generation event (TGE) with the rest vesting over six months​.
Teleport System Token (TST) Price Movements ($)
PeriodChangeChange (%)
Today$-0.00104-6.16%
7 Days$-0.00701-30.69%
30 Days$-0.03217-67.02%
3 Months$-0.03217-67.02%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Teleport System Token Conversion Rate
  • 1 TST to USD$0.01582683
  • 1 TST to EUR€0.01450279
  • 1 TST to AUD$0.02354637
  • 1 TST to KRW₩21.9
  • 1 TST to JPY¥2.48
  • 1 TST to GBP£0.01220217
  • 1 TST to INR₨1.32
  • 1 TST to IDRRp255.84
  • 1 TST to CAD$0.02168419
  • 1 TST to RUB₽1.39

FAQ

How much is 1 Teleport System Token (TST) worth?
KuCoin provides real-time USD price updates for Teleport System Token (TST). Teleport System Token price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TST to USD exchange rates.
Is Teleport System Token (TST) a Good Investment?

The following advantages make $TST a potentially attractive investment for those interested in blockchain interoperability and decentralized applications:

  1. Interoperability: TST is part of TeleportDAO, which provides a trustless bridge connecting Bitcoin to EVM chains and Bitcoin layer 2 solutions. This enables secure and decentralized cross-chain applications, enhancing interoperability in the blockchain ecosystem.
  2. Governance: As a TST holder, you can participate in the governance of the TeleportDAO ecosystem. This includes making decisions on protocol upgrades, fee structures, and allocation of treasury funds, giving you a voice in the project's future.
  3. Incentives and Rewards: TST is used to reward relayers who help maintain the network. Additionally, holding TST can provide discounts on transaction fees within the TeleportDAO ecosystem, making it more cost-effective to use their services​.
  4. Strong Development Team: The project is backed by experienced developers and has secured significant funding from reputable investors. This support can drive continuous development and improvement of the TeleportDAO platform.
  5. Growth Potential: TeleportDAO aims to expand its bridge to multiple chains and increase the capacity of its applications. This growth strategy could enhance the utility and value of TST over time​.
What Is Teleport System Token Price Prediction?

Several factors influence the TST crypto price prediction:

  1. Utility and Adoption: The usefulness of TST within the TeleportDAO ecosystem drives its demand. TST is essential for governance, transaction fees, and rewarding relayers. More users and applications utilizing TST can increase the Teleport System Token price​.
  2. Scarcity: The total supply of TST is capped at 1 billion tokens. As demand grows and more tokens are used or locked up in various protocols, scarcity can drive up the TST to USD price​.
  3. Network Growth: The expansion and success of TeleportDAO, including its applications like TeleSwap and TeleOrdinal, enhance TST's value. Greater adoption and integration with other blockchain projects can positively impact the TST token price.
  4. Market Conditions: General cryptocurrency market trends and investor sentiment also affect TST's price. Positive market conditions and increased interest in blockchain interoperability can boost the TST crypto price​.
  5. Security and Trust: The perceived security and reliability of the TeleportDAO network influence investor confidence. A secure, well-audited platform can lead to higher token demand and higher TST coin price​.
How to Earn TST Tokens on TeleportDAO

You can earn Teleport System Token (TST) on TeleportDAO in several ways:

  1. Participate in Ecosystem Reward Programs: TeleportDAO offers reward programs where you can earn TST by actively participating in the community, providing feedback, and engaging in activities designed to stress-test and improve the platform.
  2. Become a Relayer: By running a Relayer node within the TeleportDAO network, you help validate and submit Bitcoin block headers to EVM chains. Relayers are rewarded with TST for their services, ensuring the network remains decentralized and secure​.
  3. Use TeleSwap and TeleOrdinal: Engage with TeleportDAO’s applications like TeleSwap and TeleOrdinal. These platforms might offer incentives and rewards in TST for active usage, trading, and providing liquidity within these decentralized protocols.
  4. Participate in Governance: By holding TST, you can participate in governance decisions. Active involvement in governance can sometimes include rewards, especially if you contribute significantly to the development and decision-making processes of the platform​.
What is the all-time high price of Teleport System Token (TST)?
The all-time high price of Teleport System Token (TST) is $0.11694. The current price of TST is down 0.86% from its all-time high.
What is the all-time low price of Teleport System Token (TST)?
The all-time low price of Teleport System Token (TST) is $0.01582. The current price of TST is up 0.00% from its all-time low.
What is the market cap of Teleport System Token (TST)?
The current market cap of TST is $9.32M. It is calculated by multiplying the current supply of TST by its real-time market price of $9.32M.
How do I store Teleport System Token (TST)?
You can securely store your Teleport System Token in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TST include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Tron (TRX) to cash?
You can instantly exchange your Tron (TRX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert TRX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Greed60
TST
Estimated
-- USD
TST/USDT1
$0.01582-5.77%