Tokenomics

The Teleport token is the cornerstone of the NFT Bridges protocol, facilitating various functionalities within the ecosystem. As the native utility token, Teleport plays a pivotal role in transaction fee payments, staking, and remuneration for transaction validators. It also fuels the ongoing development of NFT Bridges. Minted on Ethereum, the leading smart contract network, We intend Teleport to become broadly adopted in both DeFi and NFT spaces.

The token offers multifaceted utility features, streamlining access to a vibrant, utility-driven ecosystem. Beyond covering transaction fees and bootstrapping the network, Teleport holders gain exclusive access to Initial DEX Offerings (IDOs), special events, and token allocations. VIP statuses and roles in dedicated Discord channels further amplify the token’s value proposition. The token is engineered to enhance user engagement, offering an intuitive interface, gamified user experience, and secure transactional environment.

Designed as an ERC-20 utility token on the Ethereum Mainnet, Teleport serves the diverse stakeholders within the NFT Bridges ecosystem. It functions as a medium of exchange and empowers users through governance, staking, and liquidity incentives.

In sum, our bridge seamlessly integrates NFT collectors, marketplaces, blockchain networks, DeFi platforms, and liquidity providers, delivering a frictionless platform that benefits all participants.

The NFTBT token is instrumental in the NFT Bridges ecosystem, serving a multifaceted role as outlined below:

• Bridge Fee Payment: Enables users to cover bridge transaction fees at a discounted rate while qualifying for volume-based rewards.

• Medium of Exchange: Functions as a trading asset or a store of value within the ecosystem.

• Governance: Empowers holders to participate in on-chain voting and decision-making processes.

• Staking : Allows for engagement in token airdrops and Proof-of-Stake (PoS) consensus algorithms.