- Token Name: TEA token
- Token Symbol: TEA
- Total Supply: 200,000,000
TEA token is an Ethereum's ERC-20 token. In the future, when Icetea blockchain launches the mainnet, TEA token holders can swap ERC-20 TEA token for native TEA coin at the rate of 1 for 1.
- Payment for transaction fees (computation & storage)
- Staking for validators to earn share of block rewards
- Staking to participate in the chain's governance process and earn rewards for voting on proposals
- Payment for Icetea Platform & partners' services (Icetea ID, DocuGuard, etc.)
Total Supply: 200,000,000 TEA
|Seed||8M (4%)||0.03||240K||Jan 4||Jan 11||6M USDT|
|Private||28M (14%)||0.06||1.68M||Jan 15||-||12M USDT|
|Public||10M (5%)||0.12||1.2M||Feb or Mar||-||24M USDT|
- Total Token For Sales: 46,000,000 TEA (23% of Total Supply)
- Total Fund Raised: 3,120,000 USDT (estimated)
- The rate of Seed round is set in ETH. The rate in USDT is approximate.
- The numbers for Private Sale and Public Sales are planned numbers and might change slightly depending on market and business conditions. However, the total number of token for swap for these 2 rounds are determined 19% of total supply
Usage of Fund Raised
Token Release Schedule
- Seed & Private: 40% at 90 days after swap day, then 20% each 90-day period over 3 periods
- Public: Release all at listing event
- Team & Advisors: 25% each 6-month period over 4 periods
- Validators: 2% each month since mainnet launches. Refer to Validator Tokenomics section for more details.
Circulating Supply by Month
Note Team in the charts includes Team & Advisors.
To attract dapp developers and users, Icetea's transaction fees are cheap, just enough to prevent spamming. Therefore, to ensure validators profitable, most of validators' rewards should come from other sources.
Icetea blockchain reserves 12% of total supply for Validator Reward Fund (VR Fund). That is 24M TEA.
The VR Fund will be used up after 5 years. In the first 3 years, the entire validator rewards come from this fund. From year 4 onward, Icetea platform starts to mint TEA gradually to compensate the validators.
|Year||No. of |
|1 ~ 3||30||480,000||0||16,000 TEA|
|4 ~ 5||50||280,000||370,000||13,000 TEA|
|6 onward||100||0||1,000,000||10,000 TEA|
In the first 3 years, each validator earns 16,000 TEA as monthly reward. At the TEA price of Public Sale, that is worth 1920 USDT. Monthly validator reward in TEA decreases in later periods. However, as we expect TEA price to increase in the long run, the monthly validator revenue converted to USDT should improve.
All of the validator economics parameters (including the number of validators) are subject to Icetea blockchain governance process. As a result, Icetea blockchain can alter itself to adapt to the changing economic environment.