The TEA Project’s Mining Rewards Design

An Overview of the Rewards for TEA Project Miners: TApp Tokens and TEA

  1. Fixed TEA payment per fixed block duration (1000 blocks). This pays out miners the fixed TEA amount per 1000 blocks. This amount doesn’t change and guarantees a set TEA amount to miners that doesn’t fluctuate with regard to the TApp’s popularity. One risk in this payout model is if the TApp doesn’t generate any revenue, miners will still get paid. This could lead to bankrupting the TApp owner.
  2. Fixed TApp token dividend payments per fixed block duration (1000 blocks). This payment model incentivizes miners by giving them staked TApp tokens. These staked tokens aren’t able to be sold — they are created when a miner hosts a TApp and destroyed when they unhost. So long as they exist in a miner’s wallet, they miners a stake in dividend payouts that result from a TApp’s consume action. That is, anytime someone pays TEA to use that TApp, the miner will receive TApp tokens relative to their staked token amount. They can either hold these TApp tokens or sell them for TEA to the TApp token’s bonding curve.

Which is the Better, TEA or TApp Tokens?

TEA Tokens

  • Computing costs are always decreasing relative to USD, so this should also put downward pressure on the price of TEA which is pegged to computing costs.
  • The cost per computing task should remain stable relative to TEA. But the demand for computing services is increasing every year, which will have a positive effect on the price of TEA tokens.
Rows and rows of 1960s computers that in total are nowhere as powerful as a single iPhone.

TApp Tokens

What About CML Owners Who Don’t Want to Mine?

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