TeleportDAO
Seamless, Secure Cross-Chain Apps for Bitcoin, Bitcoin L2s, and EVM Blockchains
About
TeleportDAO is a trustless bridge connecting Bitcoin to EVM chains and Bitcoin layer 2s. This enables developers to build secure and decentralized cross-chain applications for Bitcoin. The bridge uses light-client verification to verify Bitcoin data on other chains without trusting third parties. A decentralized network of Relayer nodes submits Bitcoin block headers on the target chains. These submitted headers are then verified and finalized against Bitcoin consensus rules.
So far, two applications are powered by this bridge: TeleSwap and TeleOrdinal. TeleSwap is a decentralized protocol for bridging BTC and Bitcoin tokens (BRC-20s and RUNEs) to other chains. This enables users to trade Bitcoin assets for ERC-20s in a fully decentralized way. It also allows users to bring their Bitcoin assets to other chains by wrapping them and receiving decentralized wrapped assets, which can be used in the DeFi applications of the target chain.
TeleOrdinal is the first cross-chain marketplace for Bitcoin NFTs (Ordinals). Users can purchase Ordinals with stablecoins through TeleOrdinal without needing to trust sellers. Anyone can list an Ordinal or create a collection on TeleOrdinal. Others can then bid on the listed Ordinals, with their funds stored in a smart contract. These funds will be released to the seller once she transfers the Ordinal to the buyer and provides proof of the transfer.
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Sale Terms
Token Price
$0.075
Minimum Purchase
$100
Purchase Methods
USDC, USDT
Allocated Supply
70,000,000 TST
Unlock Schedule
20% unlocks after a 75 day period, remaining 80% vesting over 6 months.
Fully Diluted Value
$75,000,000
Total Token Supply
1,000,000,000 TST
Milestones
- April 11-18, 2024
Token Sale - April 19-24, 2024
Allocated - June 27, 2024
Listing
FAQ
Can I participate in the sale without going through KYC?
No, participation in the sale requires completion of KYC/AML (Know Your Customer/Anti-Money Laundering) checks for all participants.
How do I fund my purchase?
We will display payment information when you complete your registration for the Token Sale. Eligible purchasers can pay with Tether (“USDT”) or USD Coin (“USDC”). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC.
You must also have sufficient ETH in your wallet to cover the Ethereum network gas fees when submitting your transaction. If your wallet does not have enough ETH for gas, your transaction will fail even if you have enough USDT or USDC to fund the purchase.
Please allow a few minutes for transactions to be reflected in the purchase UI after submitting payment.
Sale Structure: How does the First Come First Served sale structure work?
In order to be eligible to participate in a First Come First Served sale, users must fund their CoinList Wallet with the minimum purchase amount in USDC or USDT, as well as pass KYC verification.
Once the sale begins, users will be prompted to submit a purchase request, with a minimum limit set. You can not submit a purchase request that is larger than the amount of USDC or USDT that you hold in your funding wallet.
Allocations will be selected on a first-come, first-served basis. Any user who submits a purchase after the supply is exhausted will receive their funds back in their CoinList Wallet within 5 business days of the sale’s conclusion.
Sale Structure: How does the "Filling from the Bottom" sale structure work?
Filling up from the bottom maximizes the number of individual participants in a sale while still allowing for participants with more capital to express their demand. Using a water-filling mechanism, allocations are distributed evenly from the bottom up, so each participant receives an equal amount first, before larger allocations are gradually filled. For more information on how it works, see here.
When can I expect to receive my funds back if I do not get an allocation?
Users who are not selected to receive an allocation will receive the funds back to their funding wallet within 5 business days of the sale's conclusion.
Why can’t certain residents and citizens participate?
CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer tokens for purchase to unsupported jurisdictions found on our Legal page.
You can find jurisdictional eligibility details for each token sale on its deal page.