TeleportDAO Ecosystem Reward Program

TeleportDAO is a trustless bridge that connects Bitcoin to EVM chains.

It is a light-client bridge that moves data between chains and is live between Bitcoin and Polygon. This enables dApps on Polygon to access the data of Bitcoin. Two dApps have been built on top of the TeleportDAO bridge: TeleSwap and TeleOrdinal.

In an effort to stress-test and gather product feedback, TeleportDAO is offering 2% of their token supply to qualifying participants.

Rewards A total of 20,000,000 TST is reserved for this reward program. Half of the program’s token allocation (10,000,000 TST) is reserved for TeleSwap participants, and the other half is reserved for TeleOrdinal participants.

For each dApp, participating users will be ranked based on the volume of on-chain activities attributed to their wallet address. Teleswap users will be ranked based on their trading volume, whereas TeleOrdinal users will be granted points based on Ordinal buying and selling activity. For each dApp’s leaderboard: The top 30 participants will receive 20,000 TST The following 970 participants will be allocated 9,500 TST TeleportDAO will randomly choose 100 users from the rest of the pool to be eligible for a 1000 TST reward

For more information on how to accrue points for each leaderboard, please see the TeleportDAO’s Ecosystem Reward Program page here.

Timeline: The program will run for approximately one month, beginning October 10th, 2023, to November 10th, 2023. The timeline is subject to change at the sole discretion of TeleportDAO.