TEA Project Monthly Report — October 1, 2022

Epoch 10.2 Has Ended

Epoch 10 was basically a transition epoch that was still focused on testing our tokenomics model. We were especially interested in how the contestants took to the new Harberger Taxation for seat licenses and how they’d optimize their portfolios around these new expenses and the revenue they’d receive from memory taxation.

All rewards for Epoch 10.2 were injected directly into the ecosystem. This was a departure from earlier epochs which rewarded contestants based on how well they finished on the leaderboard. We feel that injecting the rewards directly into the ecosystem is more realistic as contestants who find novel ways to maximize their earnings will also earn the highest reward share.

October is a Big Month for the TEA Project

  • Moving from the Polkadot.{js} wallet to Metamask.
  • Deploying the solidity smart contract to Ethereum.
  • Changing all Substrate based addresses (SS58) to Ethereum based addresses (ERC20 and ERC721).
  • Setup basic liquidity pool on Uniswap.
  • Ability for hosting nodes to store a local cache of the state
  • Allow hosting nodes to become “seated” and pay a state subscription fee for quicker state machine updates.
  • Bring the TEA Party back online during Epoch 11.

All these actions will take place on Ethereum’s Goerli testnet. We’ll also be revamping our white paper and introductory videos to better align with our move to the Ethereum ecosystem.

Make sure to follow us on Telegram for the latest TEA Project updates.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store