Tezos Domains to Launch Governance Token TED via TrustSwap
Tezos Domains is preparing to unveil its governance token, TED, through the TrustSwap Launchpad, with the goal of establishing a decentralized governance framework. The anticipated launch is slated for September 25th, 2023, at 5:00 PM UTC. This token will be made available on the TrustSwap Launchpad, a reputable platform recognized for facilitating decentralized token offerings.
Overview of Tezos Domains
As the sole name service operating on the Tezos Blockchain, Tezos Domains empowers users to create unique domain names while ensuring their ownership is recorded on the blockchain. These domains do more than just provide names; they function as links, connecting web3 wallet addresses to websites, showcasing avatars, and sharing verified contact information. Since its launch two years ago, the service has successfully registered over 150,000 domains. Backed by the Tezos Foundation, Tezos Domains integrates effortlessly with popular decentralized applications (DApps) on Tezos, such as Plenty DEX and Kukai Wallet. The introduction of the TED token represents Tezos Domains’ dedication to a decentralized governance model.
Operational Insights
In the Tezos ecosystem, users and DApps can substitute complex public key addresses with easily memorable Tezos Domain Names. This system bears resemblance to the Ethereum Name Service (ENS), albeit tailored for the Tezos community and blockchain. Tezos Domains enables the storage of multiple addresses, allowing users to receive various cryptocurrencies, tokens, or NFTs on the Tezos network. Additionally, the platform supports censorship-resistant websites that are anchored on the Tezos blockchain.
Monetization Strategy and Business Model
Tezos Domains employs a registration fee model, with annual fees ranging from 1 to 100 XTZ. Premium charges apply to shorter domain names, particularly those consisting of fewer than five characters. The fees collected contribute to the Tezos Domains DAO, further enhancing its governance structure.
Details on the TED Governance Token
The TED token will function as the central governance mechanism for the Tezos Domains DAO, which oversees smart contracts and the treasury, encompassing all revenue generated. Stakeholders of TED tokens can expect to gain voting rights and staking rewards. The TED token is set to launch on September 28th, following the initial event on the TrustSwap platform. Alongside the token release, a community airdrop and subsequent exchange listings are planned, with more information to be shared on the Tezos Domains blog.
Security Measures for the Launch
To ensure a successful launch, Tezos Domains has instituted several security protocols, including SSL certification obtained one week prior to the launch. The platform also employs Cloudflare protection, with proof shared with TrustSwap, and has fully disclosed the token vesting schedules. Upon listing on decentralized exchanges, a minimum liquidity of $100,000 will be added immediately.
Participation Information
The upcoming Launchpad offering will include a Public Round allocation for the TED token. While all interested parties may apply, there is no guarantee of allocation for every applicant. However, individuals with a $SWAP Staking Score of at least 4,000 and who successfully complete KYC will be assured an allocation. The TrustSwap Dashboard serves as the platform to verify staking scores. Members of the Tezos community have unique entry options without the need for an EVM wallet, allowing guaranteed allocations (up to $1,500) without staking SWAP tokens. This initiative is designed to foster broader participation from the Tezos community and strengthen the SWAP token ecosystem. Interested participants are encouraged to boost their SWAP stakes and complete KYC ahead of the launch. Applications will be open for 24 hours starting on September 25th, 2023, at 5:00 PM UTC. Participants should refer to the detailed guide for instructions, keeping in mind that individuals from certain jurisdictions including the United States, China, Iran, Syria, and others will be excluded from participation.
Tokenomics Overview
The forthcoming launch of the TED token marks a significant step toward decentralized governance for Tezos Domains. With its unique advantages and a well-structured rollout plan, the community is looking forward to this transformative initiative.
Tezos Domain Whitelist Giveaway Announcement
In September, Tezos Domains will conduct a whitelist giveaway within their Discord server, offering a total of 600 domains to participants.
Tezos Domains Announces TED Token Launch via TrustSwap Launchpad
Tezos Domains, a leader in providing specialized domain name services on the Tezos Blockchain, is preparing for the launch of its eagerly awaited TED token on September 25th, 2023, at 5:00 PM UTC. The token will be made available through the TrustSwap Launchpad, a respected platform for decentralized token offerings.
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