TST TOKEN
WHAT IS IT?
TST token is a smart contract that lets you join TezoSteam in the baking process, not only as delegator!
The token tracks every transaction sent to the pool (or requested from the pool) so that we can pay you 2 different rewards:
- The staking reward, the one you are currently receiving also as delegator – BUT with 0% fee!
- The baking reward – as soon as we use the tokens in the bond pool, you will receive half of the net rewards for the baking cycle
BUY/INVEST
- Send desired amount of tezzies to invest from your tz1/2/3 or kt1 address to the BUY Adapter
- Automatically receive a token amount equal to the number of invested tezzies
- Relax and wait for your earnings
SELL/DISINVEST
- Send a 0 (zero) tx from your wallet (same used for the buy operation) to the SELL Adapter
- Your request is registered by the Token Contract
- Your tezzies are automatically sent back to your wallet after 5 full cycles
- Your TST Tokens become available for purchase by other investors
Delegating vs Bond Pool
DELEGATE | vs | BOND POOL | ||
Gross Reward | 6% | 6% | ||
Fee % | 9.9% | 0 | ||
Net staking | 5.401% | 6% | ||
Bond % | 0,00% | 2.45%* | ||
Total Return | 5.401% | 8.46% | ||
Per Cycle | 0,0432% | 0,0677% | Increase | |
Compounded | 5.55% | 8.9% | 60%* |
*: These reward are estimated. Actual reward depend on total amount of rolls baked by StakingTeam
Important notice: The current estimate may be different if a different amount of tezzies baking worldwide. 60% is the current estimate with about 48000 rolls; will become even larger if the amount increases.
Medium Article
Important: please consider that TST token is just used as an accounting measure. It doesn’t generate any automatic payment procedure
If you think that TST Token isn’t legal in your jurisdiction, don’t buy it. You are solely responsible of any action related to this smart contract
How to invest?
How to buy:
- Launch KUKAI.APP
- Insert the BUY adapter: KT1MzfYSbq18fYr4f44aQRoZBQN72BAtiz5j
- Put the amount of TST Tokens you want to buy (min 500)
- Select Custom fee and put at least 0.04
- Show advanced options
- Gas limit, put at least 350000
How to sell:
- Launch KUKAI.APP
- Insert the SELL adapter: KT1CjfCztmRpsyUee1nLa9Wcpfr7vgwqRZmk
- Put “0” in the Amount
- Select Custom fee and put at least 0.04
- Show advanced options
- Gas limit, put at least 350000
TOKENOMICS
Token Details
- Max Supply = 300,000 TST
- Fixed exchange rate: 1 TST = 1 Tezos
- Held Supply = Total purchased tokens
- Available Supply = Total tokens available for purchase
- Not tradable / Not trasferable
- All the token data are public and can be freely consulted (in a comprehensible form) through the contract’s address on TzKT explorer (section “code&debug”)
FAQs
What are the differences between delegating and buying TST Token?
As a Token holder, not only you get that reward without paying any fee, but we’ll use your coins to bake more blocks – and we split the revenues with you!
How large is the difference?
As you can see from HERE the net revenues are way bigger than what you’d get as delegator
How do I buy?
Please follow these instructions. As soon as we receive you tezzies, you are part of the pool!
How do I get my rewards?
I want to sell my tokens back
No problem. Just follow these instructions. We’ll put your tezzies “on hold” for a max of 5 full cycles and then send them back.
So, if you send the request during cycle 100, you will receive them by the beginning of cycle 106. If there are available tokens, we’ll try to manage your request as soon as you can
Why I have to wait?
Because if we are using them, they are frozen by the chain! Therefore the process requests the unlocking, that will be operated as soon as possible, within 5 full cycles.
What about my rewards in the meantime?
You will keep receiving them, but that’s even better. You will also receive any staking or baking reward that is frozen, even if you sell all your TST Tokens. They are used just to account who is joining the bond!
How much does a TST token cost?
Is it safe?
When will my TSTs begin to bake?
The “staking” revenues are exactly as the revenues coming from delegation, but without any fee! Therefore you need 12 full cycles to see the tokens flow in
The “baking” revenues will begin one full cycle after you buy them. For example, if you buy them during cycle 75, they will be counted from cycle 77. Rewards are then freezed for the usual 5 cycles.
We have to move a full cycle forward to avoid exploiting of someone buying and selling coins just to get max revenues on their coins!
How many TST tokens can I buy?
The min amount is 500 tokens. The maximum is shown as balance here; we’ll provide an updated interface soon.
Where Can i see how many tokens I Hold?
On our dashboard you can check the amount of coins you have and the rewards cycle
When is the dashboard updated?
The “baking” rewards are usually updated once per week. Therefore you will see the relevant info in the dashboard as soon as we update it. If there is a “zero” no worries, we are calculating your reward!