TeleportDAO is ushering in a new era of cross-chain connectivity by enabling trustless, Bitcoin-grade secure connections from Bitcoin to EVM blockchains and Bitcoin Layer 2 solutions. At the heart of TeleportDAO is its native token, $TST, which powers a suite of decentralized applications designed to bridge, swap, and integrate Bitcoin assets with the broader decentralized finance (DeFi) ecosystem. In this article, we explore everything about $TST—from its revolutionary technology and unique features to its tokenomics, team, market performance, and more.

The robust tokenomics, with carefully planned allocation and vesting schedules, along with a strong team led by Ali Saheli and strategic seed investments, underpin the long-term vision of TeleportDAO. With a current market cap of nearly half a million dollars, a positive market sentiment, and growing adoption across multiple exchanges, $TST is set to play a crucial role in connecting Bitcoin to the DeFi ecosystem.

For users and investors seeking a decentralized solution that bridges the security of Bitcoin with the flexibility of EVM chains, TeleportDAO offers an unparalleled platform. As the protocol continues to evolve and unlock new cross-chain applications, $TST will remain at the forefront—driving innovation, ensuring security, and providing a seamless, trustless experience for users across the blockchain landscape.

Image Source: Twitter X

What Makes TeleSwap Unique?

TeleSwap, a core dApp of TeleportDAO, is a decentralized trading platform that stands out for several reasons:

• Bitcoin-Grade Security: TeleSwap is as secure as Bitcoin. It leverages a light-client bridge and a slashing mechanism to ensure that all bridging requests are valid and that no fake requests are processed. This means that when you bridge your Bitcoin assets to an EVM chain, you do not compromise on security.

• Fully Decentralized Operations: TeleSwap is an open protocol where anyone can run a node. Nodes submit requests to a smart contract, which verifies and executes them. A strict slashing mechanism ensures that nodes must process every request, maintaining fairness and decentralization.

• Simple User Experience: TeleSwap simplifies the process of bridging and trading between Bitcoin and EVM chains. With a one-click experience, users can, for example, buy native BTC using BUSD on the BNB Chain directly—eliminating the multiple steps and high fees often encountered on centralized exchanges.

Bringing Bitcoin into DeFi

TeleportDAO offers a simple, secure, and cost-effective method to swap ERC-20 tokens for native Bitcoin and vice versa. With TeleportDAO, users can:

• Swap fast: Exchange your ERC-20 tokens for native BTC and receive them in your Bitcoin wallet in under two minutes.

• Swap cheap: Enjoy significantly lower fees compared to those charged by centralized exchanges.

• Trade trustlessly: Manage your Bitcoin assets with self-custody, eliminating the need to trust centralized parties.

This cross-chain solution extends further by enabling users to swap their stablecoins for BTC and Runes with just one click. It provides instant access to a liquid market for Runes and allows users to purchase BTC in a fast and cost-effective manner. Additionally, TeleportDAO lets users bring Bitcoin into DeFi by wrapping BTC and Runes for use on other blockchains. These wrapped assets can then be used in various DeFi protocols to earn attractive yields, while still allowing the flexibility to reclaim your native assets whenever desired.

Trustless, Decentralized Architecture

One of the standout features of TeleportDAO is its commitment to decentralization and trustlessness. The protocol employs several innovative techniques to ensure security and reliability:

Light-Client Bridge Technology

TeleportDAO leverages a light-client bridge to verify Bitcoin transactions and access Bitcoin data. This trustless bridge allows TeleportDAO to validate that all requests have been included on Bitcoin without relying on third parties or validators. By using a Bitcoin light-client, the protocol achieves Bitcoin-grade security even when bridging assets to EVM chains.

Trustless Custodians and Economic Incentives

TeleSwap, one of TeleportDAO’s key decentralized applications, operates with nodes that are economically incentivized to follow the protocol. If any node deviates from the protocol, its locked collateral will be slashed. This slashing mechanism, combined with compensation for any failures, deters dishonest behavior and ensures that nodes process users’ requests reliably.

Fully Decentralized Operation

No single entity controls TeleportDAO. Its open protocol allows anyone to run a TeleSwap node to process requests. Nodes submit requests to a smart contract, which verifies and executes them. A built-in slashing mechanism forces nodes to process all user requests, ensuring that no request is ignored or banned. This decentralized approach guarantees that bridging from Bitcoin to EVM chains and back is open, secure, and censorship-resistant.

Bridging Bitcoin Assets to EVMs

TeleportDAO is designed to enable seamless bridging of Bitcoin assets—including BTC, BRC-20 tokens, and RUNEs—to EVM-compatible blockchains. This functionality empowers users to:

• Buy BTC from Ethereum using stablecoins like USDC.

• Sell tokens like DOG for USDT on Polygon.

• Leverage Bitcoin assets on other blockchains by bridging them—for example, borrowing USDC against BTC on the BNB Chain or lending BTC on Polygon to generate yield.

By allowing users to bridge their Bitcoin assets, TeleportDAO brings the security and liquidity of Bitcoin into the fast-growing world of DeFi, where wrapped Bitcoin assets can be utilized in various protocols without sacrificing security.

Fees and Processing Speeds

TeleportDAO charges users two types of fees when bridging assets:

Network Fee

• This fee covers sending the desired asset to the destination chain.

• The network fee depends on the congestion of the destination chain. For bridging from Bitcoin to EVM chains, the fee is charged on Bitcoin as an EVM transaction fee. Conversely, for bridging from EVMs to Bitcoin, an EVM network fee is also applied.

Locker Fee

• A locker fee of 0.1% of the bridged amount is allocated to the Locker node that processes the request. This fee compensates Lockers for managing Bitcoin assets and processing bridging requests, ensuring that they maintain sufficient collateral to serve the growing demand.

Processing Speed and Confirmation Delay

• When bridging assets, TeleportDAO waits for a confirmation delay to ensure security. For Bitcoin to EVM bridges, this involves waiting for 2 Bitcoin confirmations—approximately 20 minutes. For EVM to Bitcoin bridges, the confirmation delay is typically around 1 minute, depending on the EVM’s network conditions. This waiting period is crucial to prevent the minting of unbacked wrapped assets or accidental transfers.

TeleportDAO’s Decentralized Applications

TeleportDAO introduces two groundbreaking decentralized applications that extend its functionality beyond simple asset bridging:

TeleSwap

TeleSwap is the decentralized trading platform that enables users to seamlessly bridge and exchange BTC and BRC-20 tokens across Ethereum, Polygon, and the BNB Chain. With TeleSwap, users can trade Bitcoin assets with ERC-20 tokens quickly, securely, and at a low cost. Its innovative architecture ensures that transactions maintain Bitcoin-grade security while enjoying the flexibility and composability of EVM chains.

TeleOrdinal

TeleOrdinal is the first cross-chain marketplace for Bitcoin NFTs, known as Ordinals. It enables decentralized bidding on Ordinals from EVM chains using stablecoins, opening up new opportunities for Bitcoin-based digital art and collectibles. This marketplace enhances the utility of Bitcoin NFTs by connecting them to the thriving ecosystem of DeFi on EVM blockchains.

Tokenomics and Allocation of $TST

The native token of TeleportDAO, $TST, plays a crucial role in powering the ecosystem. Here are the key market data and token allocation details:

Market Data for $TST

• Market Cap: $484.1K

• Circulating Supply: 130.5 million TST

• Release Date: June 26, 2024

• Issue Price: $0.075

• All-Time High: $0.225 (recorded on June 27, 2024)

• All-Time Low: $0.00281 (recorded on March 14, 2025)

• Max Supply: 1.00 billion TST

• Fully Diluted Market Cap: $3.71M

• Total Supply: 1.00 billion TST

• Market Cap/Total Circulating Ratio: 13.05%

• Number of Holding Addresses: Approximately 1.85K

• Number of Listed Exchanges: 9

• Core Algorithm: ERC20

• Market Sentiment: Positive

• Contract Address: 0x08…fdad

Token Allocation and Vesting

TeleportDAO has structured its token distribution to ensure long-term sustainability and alignment among all stakeholders:

• Ecosystem: 48.4% of the total supply, with vesting over 36 months. The first year unlocks 30%, the second year 30%, and the third year 40%.

• Team: 25% of the total supply, with a 6-month cliff and linear vesting over 12 months.

• Company Operations: 5%, with a 6-month cliff and linear vesting over 12 months.

• Investors: 8.55%, with a 6-month cliff and linear vesting over 12 months.

• Community Sale: 9.5%, with 20% unlocked at the token generation event (TGE) and linear vesting over 6 months.

• CoinList Rewards Program: 3.01%, with 20% unlocked at TGE and linear vesting over 6 months.

• Advisors: 0.54%, with a 6-month cliff and linear vesting over 12 months.

This carefully planned allocation ensures that ecosystem development, team incentives, and investor interests are aligned to drive long-term growth and stability within the TeleportDAO network.

(All data is valid as at the time of writing 20th March)

The Team Behind TeleportDAO $TST

Leading TeleportDAO is Co-Founder Ali Saheli, an accomplished entrepreneur and investor with a track record in both e-commerce and cryptocurrency. Ali Saheli’s background includes founding an e-commerce platform that expanded successfully and was later acquired in 2015. His significant move into the cryptocurrency space began in 2016 with the founding of Hex Capital—the first cryptocurrency fund in Canada. Ali has since invested in over twenty software companies, including prominent names in the crypto industry, demonstrating his deep understanding of the market and his commitment to driving innovation.

$TST Strategic Investment and Future Outlook

On May 17, 2023, TeleportDAO received $2.5 million in seed round investment at a valuation of $48 million. The seed round was led by notable investors such as DefinanceX, Appworks, CoinList, SNZ Holding, Quantstamp, Gate.io Labs, and Candaq Fintech Group. This strong financial backing not only validates the technology and vision behind TeleportDAO but also positions it for rapid growth as the protocol continues to expand its cross-chain capabilities.

Image Source: Coinmarketcap CMC

How to Buy $TST On Gate.io

Step 1: Register for an Account

Start by visiting Gate.io and clicking on “Sign Up” to create your account. Enter your email address, create a secure password, and follow the registration instructions.

Step 2: Complete the KYC Verification

To ensure your account is secure and compliant with global regulations, complete the Know Your Customer (KYC) process. This usually involves submitting a government-issued ID and possibly a selfie. Proper verification increases your account’s security and unlocks full trading features.

Step 3: Deposit Funds

Once your account is verified, deposit funds into your Gate.io wallet You can use various methods, such as bank transfers, credit or debit cards, or even other cryptocurrencies. Make sure you deposit enough funds to cover your desired investment as well as any applicable fees.

Step 4: Locate $TST

In the trading section of the platform, use the search bar to find $TST. Gate.io typically lists $TST with various trading pairs, such as $TST/USDT. Review the current market price and available order options before proceeding.

Step 5: Place Your Order

Decide whether to place a market order or a limit order. A market order will execute immediately at the current price, while a limit order lets you set your own price. Enter the amount of $TST you wish to purchase, review the order details carefully, and then confirm the transaction.

Step 6: Secure Your Investment

After purchasing $TST, it is advisable to transfer your funds to a secure personal wallet. Hardware wallets, like Ledger or Trezor, provide robust security by keeping your assets offline. Alternatively, reputable software wallets can also be used to store your $TST securely.

Conclusion

TeleportDAO, powered by its native $TST token, represents a pioneering approach to bridging Bitcoin with the expansive world of EVM blockchains. By combining Bitcoin-grade security, a trustless and decentralized architecture, and a simple user experience, TeleportDAO enables fast, secure, and cost-effective bridging of Bitcoin assets. Through innovative applications like TeleSwap and TeleOrdinal, the protocol not only allows users to trade and leverage Bitcoin assets but also opens up new opportunities in the emerging market for Bitcoin NFTs.

In summary, $TST (TeleportDAO) is more than just a token—it is the engine behind a revolutionary protocol that empowers users to bridge, swap, and integrate Bitcoin assets with EVM chains. By combining state-of-the-art technology, a decentralized approach, and robust economic incentives, TeleportDAO is poised to transform how Bitcoin and DeFi interact, ensuring that users never have to compromise on security, speed, or cost.

Disclaimer: Cryptocurrency investments carry risks. Always conduct thorough research before investing.