Tezos Domains, the first and only name service on the Tezos Blockchain, has announced the upcoming $TED token offering starting September 25th, 2023 at 5:00 PM UTC on the TrustSwap Launchpad.
Introducing Tezos Domains
Tezos Domains is a service that allows anyone to create a unique domain name and secure ownership on the Tezos Blockchain. These domains can be used to associate a web3 wallet address with a website, share an avatar, publish verifiable contact information, and more.
Backed by the Tezos Foundation, Tezos Domains has been running for 2 years with 150k domains already registered and is one of the most successful Dapps on Tezos. Tezos Domain Names are already integrated into many popular Dapps on Tezos including Plenty DEX, Kukai Wallet, Temple Wallet, Mailchain, Ledger, and TzKT.
The launch of their $TED token marks an important step for the Tezos Domains team toward their goal of decentralized governance.
How Does It Work?
With Tezos Domains, wallets and dApps in the Tezos ecosystem now allow you to use a human-readable Tezos Domain Name instead of complex public key addresses. Compatible platforms show these domain names where Tezos addresses would normally be. Users can also publish websites using Tezos Domains via decentralized content hosting such as the InterPlanetary File System (IPFS).
Similar in function to Ethereum Name Service (ENS), Tezos Domains, offers the same core utilities and value specifically tailored for the Tezos blockchain and community.
- Use your Tezos Domain Name to store all of your addresses and receive any cryptocurrency, token, or NFT on Tezos.
- Launch censorship-resistant decentralized websites secured by the Tezos blockchain.
- Mint and trade unique Domain Name NFTs on Tezos.
Target Market
All Tezos users can now use Tezos Domains to create a secure web3 identity and personal namespace to make transacting on Tezos easier and more secure. NFT collectors can mint and collect NFTs of unique Domain Names on Tezos.
Business Model
Tezos Domains charges registration fees and recurring renewal fees from 1 – 100 XTZ per year. Domain Names with less than five characters incur higher fees. All fees are accrued to the Tezos Domains DAO.
$TED Governance Token
The $TED token is a governance token for the Tezos Domains DAO that controls the smart contracts and the treasury, including 100% of the revenue. Staking $TED token gives holders voting power and generates staking rewards.
Roadmap
Meet The Team
The Tezos Domains team has been working together for more than ten years on various large-scale projects. The team has successfully developed, launched, and maintained the Tezos Domains project since 2021.
The team also developed a selective indexer for Tezos called Dappetizer as well as a crucial part of the GVC Group production infrastructure called Dynacon, a large-scale application configuration management system enabling the company with ad-hoc configuration changes done live in production across multiple products and brands.
Learn More
Click the links below to learn more about Tezos Domains.
Token Offering Details
Tokenomics
Secure Launch Process
To ensure a smooth launch, the Tezos Domains team has agreed to:
- Have their domain fully SSL certified one week prior to the launch date.
- Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
- Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
- Add no less than $100,000 of liquidity immediately upon DEX listing.
- Distribute tokens to launchpad participants within one hour of exchange listing.
- Lock liquidity within 3 hours of listing for no less than 60 days.
- Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
- Lock 75% or more of team & dev fund tokens for a minimum of thirty days on http://team.finance/ within 6 hours of funding DEX liquidity.
- Have at least one community moderator on each social platform (Twitter, Discord, etc.) actively available 24 hours a day for the first 7 days following the launch.
Participation and Allocation
This Launchpad offering is for a Public Round allocation of the $TED token. Anyone who wants to join can apply, but application does not guarantee an allocation.
As always, anyone with a $SWAP Staking Score of at least 4,000 can receive a guaranteed allocation provided that individuals (and entities) pass KYC (jurisdictional restrictions apply). Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores. Any unclaimed allocations after the initial funding round will be offered to those who might otherwise be ineligible.
Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score. To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.
Additional Option for Tezos Community
Because this Launchpad is for a token on a non-EVM blockchain (Tezos), we are offering more options that will allow the Tezos Community to easily participate without needing to install an EVM wallet. As part of our collaboration with Tezos blockchain, we have a new option specifically for this Launchpad:
The Tezos Community can join this launch and get a guaranteed allocation (first come first served till the allocation is filled) of up to $1500 without needing to stake SWAP tokens. Those who would like to participate in this option will pay an additional 10% fee and 100% of these fees will be used to buy SWAP and distribute it to the SWAP staking rewards pool. Anyone can participate in this way by sending additional funds (up to $1500) over their score-based allocation amounts. These funds will be automatically subject to the 10% fee.
By doing this, the Tezos Community is able to easily join the launch and ensure that value is retained within the SWAP token ecosystem.
Click HERE to join the Whitelist for the Tezos Community launch
Step-By-Step Guide
Important Note: $TED token is launching on the Tezos blockchain, so you will need a Tezos wallet in order to participate. To learn how to set up a Tezos Wallet, watch this short video.
Prepare for Launch Day by ensuring that your SWAP stakes are topped up before the snapshot. You can also complete your KYC in advance.
- On September 25th, 2023, at 5:00 PM UTC, the application window will open for 24 hours. During this time, go to the TrustSwap Launchpad and click the “Start” button to apply. The snapshot will be taken at 5 PM UTC on September 26th, 2023 (24 hours after the Launch event begins).
- Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.
- On September 26th, 2023, at 5:00 PM UTC, the application portal will close, and a snapshot will be taken of all active SWAP stakes. There will then be a waiting period of up to 48 hours as the Tezos Domains team finalizes internal processes.
- Successful applicants will receive an email confirming their total allocation (the maximum amount they are allowed to contribute to the token offering) and asking how much they wish to contribute. Individual allocations will be either the full allocation or the pledged amount, whichever is lower.
- You will have 24 hours to send funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.
- Any tokens that are unclaimed after the initial funding round may be offered to those who applied successfully but were not eligible for guaranteed allocations.
How To Prepare
- Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 9/26/2023 at 5:00 PM UTC.
- Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
- Take a selfie of yourself holding the ID card along with a note that reads: “TED 2023”.*
- Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
- Submit your details and documents at any point during the 24-hour launch window at https://dashboard.trustswap.org/app/launchpads.
Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance.
Who Can Participate in the $TED Token Offering?
Anyone not domiciled in the list of countries below can participate in the $TED Public Round token offering:
United States, Algeria, Afghanistan, Bolivia, Burundi, Cambodia, Central African Republic, China, Colombia, Congo, Côte d’Ivoire, Crimea, Cuba, Democratic People’s Republic of Korea, Donetsk People’s Republic, Egypt, Eritrea, Ethiopia, Guyana, Haiti, Iran, Iraq, Ivory Coast, Kyrgyzstan, Libya, Liberia, Luhansk People’s Republic, Morocco, Myanmar, Nepal, North Macedonia, Palestinian Territories, Republic of Belarus, Rwanda, Somalia, South Sudan, Sri Lanka, Sudan (incl. Darfur), Syria, Trinidad and Tobago, Turkey, Vanuatu, Venezuela, Vietnam, Yemen and Zimbabwe
Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. Tezos Domains is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
