Epoch 10 User’s Guide

  • The Marketplace for CML has been temporarily taken down.
  • The CML nodes will not host any TApps during Epoch 10.
  • The Leaderboard is currently under development. We’ll post updated standings in our Telegram group.

First Steps — Securing Assets

TAppStore Main Account Page

  1. Exchange COFFEE into TEA
  2. Move most of your funds to the TApp Store wallet from your main wallet using the Topup option.

The Mining Tab

  • CML 110 (item #1 below) has yet to be planted. This is the state that a CML will be in after you purchase it. After you plant the CML, you’ll continue the planting process by running a series of commands on a DigitalOcean droplet.
  • CML 150 in the screenshot below (item #2) has already been planted. The arrow points to an option in green that has yet to be exercised, Create entity. This step creates a token for this CML whereby public service mining rewards can accrue. It’s an important step as failing to perform this step will mean that the miner isn’t accruing any mining revenue. Note that creating a token for your CML will issue new tokens for it along a bonding curve in exchange for TEA tokens in your TApp Store wallet.

The Maintainer Seat Tab

  • The purchase price and a 1000T deposit are deducted from the user’s TApp Store wallet. The deposit is depleted when taxes are in excess of the income generated from TApp memory usage.
  • The tax is based on a self-valuation of the worth of the seat and set at 1% of this estimate. If you set your self-estimate price at 10,000T, then you’ll pay 1% of this (100T) every 1000 blocks.
  • Anyone can buy your seat by placing a bid 1T higher than your self-estimate price which acts as a deterrent against setting it too low.
  • The memory tax on TApps is the source of revenue for the state maintainer node owners. The amount they receive is net of the amount they owe for the self-estimate tax, also known as a Harberger Tax.
  • For the Harberger Tax that’s paid by the state maintainer node owners, part of this is used to pay for the remote attestation rewards for the CML node operators. The rest of the Harberger Tax is paid out as a global dividend to TEA token holders.
  • There’s a grace period at the beginning of every 300 blocks that lasts for 30 blocks. During this period, no bids will be accepted on the seat licenses: buying & selling seats, as well as updating the self-assessed price aren’t allowed during the grace period. Any transactions during the previous 300-block period will actually be executed during this grace period.

The TApps Tab

The Investments Tab

  • There are currently 2 types of investable entities: CML tokens for each CML hosting node and a TApp token for every TApp. You can see the three different types in the screenshot below.
  • Each of these tokens are issued on a bonding curve: as supply increases, so does the price. This implies that those who invest the earliest receive the best token price and have the most room for price appreciation.
  • Revenue for each of these entities goes directly to the bonding curve to mint more of each token which are distributed as dividends to current token holders:
Note that the GLOBAL token in the above screenshot has been deprecated (global rewards are now paid directly to TEA token holders).

Epoch 10 Video Guide



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