TST TOKEN

FAQs

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

DASHBOARD

You can find the Dashboard here

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”)

TOKEN CONTRACTS

Main Token

Buy Adapter

Sell Adapter

The token’s buy and sell adapters allow you to easily use your favorite client (linux tezos client, tezbox and soon galleon)

FAQs

What are the differences between delegating and buying TST Token?

As a delegator, you get the normal staking reward that is paid once per cycle (after 12 cycles – please read our FAQs).

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?

They are paid straight to the account that holds the token

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?

It’s just a way to account, therefore a tokens costs (and will cost) exactly 1 tezos. Please notice that there might be some fees taken in order to execute the smart contract, so leave some tezzies in the balance!

Is it safe?

You have to trust us; the process of re-sending the tokens is manual, exactly as the reward payment as delegator

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.

dashboard

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!