Changes in Financial Services Anyone can join at any time In epoch 2.1, only those who registered before the epoch started could join the contest. Now in epoch 3.0, anyone can join the contest at any time. The only advantage of registering upfront is that the registered users will be offered CML coupons at a fixed price (but not free…

This is the landing page: https://teaproject.org/landingpage/preview_1/ If you are interested in previewing how TEA mining looks like or would like to win the $1500 USDT award. Click the link above to register and join the TEA mining competition. Once you click the link and get to the landing page, you…

This week, we welcome our latest full-time team member, George Pornaras. He is a professional tech writer who was major in English and familiar with blockchain technologies. We spend a full day together in my office discussing my dream of the Trusted Web 3.0. Right after the discussion, he wrote…

Miners 2 questions: If the TEA project were Uber for cloud computing, miners are drivers. The incentive to the drivers is the fuel to drive the TEA token economy. Unlike centralized company can pay salaries or own those nodes, in the blockchain world, a carefully designed token economy can keep the system running…

I won’t be surprised that you would ask if you read my previous blog: Camellia, an NFA that dies. Let’s see what our real-life economy runs. The USD is a worldwide currency. Assume USD is a stable coin although it inflated faster and faster. You are not supposed to keep…

More or less you have probably known that TEA is a DAO of cloud computing miners(we sometimes call them farmers, TEA farmers). They run TEA nodes. TEA nodes work together to provide decentralized trusted computing services to traditional clients or modern blockchains. I explained $T token, the fuel (gas) of…

Miners need incentives to run nodes. $T is their reward. When designing the $T, there are many options. Should it have a cap on total supply? Should it be a stable coin? If yes, what should it peg to? How to calculate the value? Should it be an asset or…

Token economy design is neither easier nor less important than technical design in terms of a blockchain project. As a code monkey, I learned a lot about economics in recent years, but I still feel shaky when designing the TEA token economy. Thankful I got a lot of help from…

Why Nitro? In TEA’s original design, we did not put Amazon Nitro on our radar. We were thinking of building our own TEA Box to get fully decentralized without centralized control by anyone — including Amazon or Intel. When we design the hardware spec, I found that is hard, and it may…