Why We Made the TEA Project

Moving IPFS from Static to Dynamic Content

The TEA Project itself is built from many existing technologies such as TPM, WASM, and IPFS. These are all promising tools but they needed to be combined in a certain way to build a trustable and decentralized compute infrastructure. To see how we used these disparate tools as a starting point to create the TEA Project, let’s first start with how we overcame the limitations of IPFS.

  • Blog post (text and images as the decentralized data) + blogging app that formats data into blog post (decentralized app).
  • Decentralized data interacting with decentralized apps on decentralized hosting.

Dynamic Content Through Decentralized Hosting

The TEA Project picks up where IPFS leaves off, offering app hosting just like the cloud together with a database layer. What makes it different from web2 cloud hosting is that all of it is decentralized. And what makes us different from other web3 projects is that we don’t run directly on the blockchain which would throttle dApp speed.

TEA Project Tokenomics: Providing the Right Incentives

The economic incentives built into the TEA Project helps encourage healthy participation from all in the TEA ecosystem. The central hub of activity is centered around TApps, the decentralized apps that run on the TEA network.

  • The end-user pays and receives the utility of the TApp: a payment directly to the TApp and another payment to the hosting node(s) that run the TApp’s code.
  • The TApp pays fees to the state machine nodes for occupying space in the state machine. Any TApp profits are sent to its TApp token.
  • The CML hosting nodes receive payment from the TApp end-user as mentioned earlier. In addition, they receive public service rewards paid by the state machine maintainer nodes. These public services include remote attestation and are for the benefit of the entire ecosystem. Some CML nodes will subscribe to receive state machine updates faster than others, a fee that’s paid as global revenue to the TEA token. And just like TApps, each CML node has their own CML token which other users can invest in.
  • The state machine maintainer nodes receive revenue from TApps and have the expense of paying out public service rewards to CML nodes. An additional expense known as the Harberger Tax is a % of the self-valuation price that’s paid to the TEA token holders.

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