The swap we need to move forward!
After years dealing with blockchain updates, problems to sync the wallet, paying exchanges to get us listed and other related problems, we’ve finally found the solution to all this.
We’re moving to Binance Smart Chain!
The swap will allow us to focus on TeslaStarter platform, attracting investors and growing the investors community.
After the swap, TES will be listed in Pancakeswap, Burgerswap and 1inch. Exchanges much more reliable than Yobit and with bigger volumes than Bittrex itself.
Also, thanks to Metamask, you will be able to store your tokens in Ledger and Trezor. Something we’ve been looking for for years and that will finally been able to do.
No more inflation!
During this years we’ve been staking at 7%, going those funds to the wallets contributing to make the network safe for all the community. Now, we don’t need that security anymore, therefore there is no need keep the inflation going on.
We’re now fully focused on funding Free Energy projects and giving back the investors as much ROI as posible. TES will be deflationary after the swap, giving Teslacoin holders more value each day.
What is TeslaStarter DAO?
You will have a more detailed post on it as we get closer to it but it will be DAO that will manage the funds the community will have available to fund Free Energy projects.
At the day of the swap, there will be close to 85 million TES on the market. Since we designed the project to have a maximum of 100 million TES, we’re going to mint everything on the swap.
85 million TES will go to the previous owners, while 14 million will be sent to the DAO fund. The other 1 million will be used for market liquidity, marketing and expenses.
TeslaStarter DAO will allow the community to help Free Energy projects to get their project funded. You think this project is worthit? Then you vote to help it.
Since we don’t won’t to spend all the fund in the first year, we’re gonna stablish a cap for each year.
2022: 2,5 million TES
2023: 1 million TES
And so on.
More details on the deflation!
Now that we have covered TeslaStarter DAO, we gonna detail how the deflation is going to work and what are the “taxes” gonna be used for.
Each transaction will have a 0,5% tax.
50% of this amount will go to TeslaStarter DAO and the other 50% will be burned every month.
This will help increase the value of the coin and also increase the number of projects will be able to help in the long run.
Yes, the date is…
1st October!!
Sync your wallets for the last time and get ready for the swap!
More details of how to proceed in the next weeks!
Stay tuned!!
