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Tezos Domains Announces TED Token Launch via TrustSwap Launchpad
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.
By: XTZ News
7 September 2023
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Tezos Domains is gearing up to launch its governance token, TED, via the TrustSwap Launchpad, aiming for a decentralized governance model.
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.
🔥 @tezosdomains is coming to the TrustSwap Launchpad!
The first and only name service on the Tezos Blockchain has announced their upcoming $TED token offering. 🎉
Established as the only name service on the Tezos Blockchain, Tezos Domains allows users to craft a unique domain name and ensure its ownership on the blockchain. Beyond mere naming, these domains act as conduits, linking web3 wallet addresses to websites, displaying avatars, and publishing validated contact details. In just two years since its inception, the service has seen the registration of over 150,000 domains.
Supported by the Tezos Foundation, Tezos Domains seamlessly integrates with renowned Dapps on Tezos like Plenty DEX, Kukai Wallet, and others. The launch of TED token signifies Tezos Domains’ commitment to a decentralized governance model.
Operational Highlights
Users and Dapps in the Tezos ecosystem can replace the usually complicated public key addresses with easy-to-remember Tezos Domain Names.
The system finds parallels with the Ethereum Name Service (ENS), adjusted for the Tezos community and blockchain.
Tezos Domains facilitates the storage of multiple addresses, allowing users to receive various cryptocurrencies, tokens, or NFTs on Tezos.
The platform also offers censorship-resistant websites anchored on the Tezos blockchain.
Monetization and the Business Model
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.
The TED Governance Token
The TED token will serve as the governance lynchpin for the Tezos Domains DAO. This DAO holds authority over smart contracts and the treasury, encompassing 100% of the revenue. TED token stakers can anticipate voting rights and staking rewards.
Tezos Domains is set to release the TED token on the 28th of September after the initial TrustSwap launchpad event. Alongside this launch, there will also be a community airdrop and subsequent listings on exchanges. Further details will be available soon on the Tezos Domains blog.
Launch Security
In its commitment to a smooth launch, Tezos Domains has implemented multiple security measures:
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 gets special participation options without needing to install 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.
Interested parties can prepare for the launch day by topping up your SWAP stakes and completing KYC. On September 25th, 2023, at 5:00 PM UTC, applications will open for 24 hours. Follow the provided step-by-step guide to participate.
Remember, this excludes individuals from specific jurisdictions, including the United States, China, Iran, Syria, and others.
Tokenomics Information
Allocations
Tezos Domains: The Path to Decentralized Governance
The forthcoming introduction of the TED token signals a new epoch of decentralized governance for Tezos Domains. Bolstered by its distinct advantages and a solid deployment plan, the community eagerly anticipates this groundbreaking move.
Tezos Domain Whitelist Giveaway
Tezos Domains will be doing a giveaway whitelist within their discord server for a total of 600 domains in the month of September.
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.
Mailchain has integrated with Tezos, propelling the global blockchain network toward a new age of web3 communication.
The collaboration between Mailchain and Tezos aims to empower the Tezos community, including projects, artists, and creators, by providing them with a private and secure platform for communication using their web3 identities.
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
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