Tezos Domains, a pioneer in providing unique domain name services on the Tezos Blockchain, is set to launch its highly anticipated TED token on September 25th, 2023, at 5:00 PM UTC. The token will be offered via the TrustSwap Launchpad, a trusted platform for decentralized token offerings.
Tezos Domains: A Unique Naming Service
Tezos Domains is the only name service on the Tezos Blockchain, allowing users to create unique domain names and ensure their ownership on the blockchain. These domain names serve as bridges between web3 wallet addresses and websites, display avatars, and publish verified contact details.
Since its inception two years ago, Tezos Domains has registered over 150,000 domains, gaining support from the Tezos Foundation. It seamlessly integrates with renowned Dapps on Tezos, such as Plenty DEX and Kukai Wallet.
TED Token: Facilitating Decentralized Governance
The launch of the TED token signifies Tezos Domains’ commitment to a decentralized governance model. The token will serve as the governance lynchpin for the Tezos Domains DAO. This DAO holds authority over smart contracts and the treasury, which encompasses 100% of the revenue. TED token stakers will have voting rights and receive staking rewards.
Tezos Domains Highlights:
- Replace complex public key addresses with user-friendly Tezos Domain Names.
- Store multiple addresses, allowing the reception of cryptocurrencies, tokens, or NFTs on Tezos.
- Create censorship-resistant websites anchored on the Tezos blockchain.
Business Model and Monetization
Tezos Domains operates on a registration fee model, with charges ranging from 1-100 XTZ annually. Shorter domain names, especially those under five characters, attract premium charges. The collected fees contribute to the Tezos Domains DAO.
Launch Security Measures
Tezos Domains has implemented stringent security measures to ensure a smooth launch:
- SSL certification a week before the launch.
- Cloudflare protection with proof shared with TrustSwap.
- Full disclosure of token vesting schedules.
- Immediate liquidity addition of no less than $100,000 upon DEX listing.
Participation Details
The upcoming Launchpad offering aims at a Public Round allocation of the TED token. While everyone is welcome to apply, not all applicants are guaranteed an allocation.
However, individuals with a $SWAP Staking Score of at least 4,000 and passing KYC can expect a guaranteed allocation. The TrustSwap Dashboard is the go-to platform to check your staking score.
The Tezos community has special participation options without installing an EVM wallet. They can enter the launch with a guaranteed allocation (up to $1500) without staking SWAP tokens. This initiative ensures broader Tezos community involvement, reinforcing the SWAP token ecosystem.
Tokenomics Information:
Name | Value |
---|---|
Token Name | TED |
Total Supply | 100,000,000 |
Initial Circulation | 10,000,000 |
Tezos Domains: The Path to Decentralized Governance
The forthcoming introduction of the TED token signals a new era of decentralized governance for Tezos Domains. Backed by its distinct advantages and a solid deployment plan, the community eagerly anticipates this groundbreaking move.
Tezos Domain Whitelist Giveaway
Tezos Domains will be hosting a whitelist giveaway within their Discord server for a total of 600 domains throughout September.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial, legal, or investment advice. Please conduct your own research and consult with a financial professional before making any investment decisions.