A token to unlock the potential of OSS
OSS Utility
TEA is a cryptographic token that governs access to the tea Protocol and the way value is distributed and shared amongst OSS projects, developers, and community members interacting with the tea Protocol.
Demand Drivers
TEA has a unique blend of characteristics that catalyze demand and strengthen its essentiality. As an infrastructure for OSS projects, TEA is required to register and support software projects and pay gas fees for transfers and protocol activity. As an application to improve the resilience of OSS, vulnerability reporters must stake TEA to submit vulnerability reports & earn bounties.
Future potential
TEA will serve as a universal primitive for a decentralized marketplace for the OSS ecosystem, facilitating full composability regardless of a project’s package manager, dependencies, and dependents. In this sense, TEA will allow developers to capture the value they create with fair incentives for their contributions.
TEA allows OSS developers to capture the value they create
Protocol Value Creation
The value of the tea Protocol is that it creates a fully composable open-source ecosystem. The protocol accomplishes this in two distinct ways:
- First, by allowing seamless interaction between projects and their communities. This encourages network participants to submit bug or vulnerability reports to project maintainers and OSS projects to address these reports in a timely manner. This also promotes more transparent linkages between project dependencies and dependents, which may encourage cross collaboration amongst core contributors due to their mutually aligned goals.
- Second by assigning a universal score to each project to quantify its impact and orientation within the broader open source ecosystem. This promotes healthy competition amongst projects to continually improve their codebase and its usage by other packages within the ecosystem in order to increase their rank.
Full composability is achieved regardless of each OSS project’s package manager, dependencies, and dependents.
TEA Value Capture
The protocol will generate fees from a variety of activities conducted by OSS projects as they onboard and interact with community members. A portion of the fees generated will accrue back to TEA token holders that remain engaged with the decentralized network.
Holding TEA tokens also allows users to participate in decentralized governance and influence key protocol decisions such as the distribution of rewards, distribution of protocol fees, and the determination of which OSS package managers should be supported by the protocol’s Proof-of-Contribution consensus mechanism.
TEA Tokenomics
1. General Information
Maximum Token Supply
10 Billion
Estimated Date of TGE
Q4 ’24
Type of Supply
Deflationary
2. TEA Distribution Schedule
Roughly 19% of the maximum token supply will be allocated to core contributors participating in “Protocol Development”. This allocation is used to promote the continued evolution of the tea Protocol which will ensure the sustainability of the OSS ecosystem. “Early Supporters & Advisors” will receive approximately 13% of the TEA token supply.
The remaining 17% of TEA tokens to be distributed will be utilized to facilitate the protocol’s mainnet launch. This will include a strategic token sale to various institutional investors (11%), and a public sale to promote widespread community distribution at TGE (3%). The remaining ~3% of TEA tokens will be allocated to support marketplace liquidity once a token generation event occurs.
A detailed breakdown of TEA’s Distribution Schedule can be found below:
Group
Ecosystem & Governance
Protocol Development
Early Supporters & Advisors
Private Sale
Liquidity Provision
Public Sale
% of Maximum Token Supply
51.4%
18.6%
12.7%
11.0%
3.2%
3.0%
3. TEA Emissions Schedule
- OSS Project Maintainers
- tea Community Members
- Project Supporters, and
- Vulnerability Reporters
Capitalization Table
Group
Token allocation
(Token Qty. / % allocated)
Unlock at TGE
(Token Qty. / % allocated)
Date of InitialUnlock
Vesting
Ending Date
Tea token release schedule (first 5 years)
