Mint to Earn $TELE

$TELE mining is the core mechanism of TELE ecosystem as the main driver for user engagement.

Initially, we will launch mint-to-earn $TELE campaign. Qualified minters will be rewarded with $TELE based on their contribution. Mining Rewards

Mining rewards will be determined by minting activity, with engagement in minting activities translating to reward earnings. Users can earn $TELE from minting using the formula:

$TELE Amount = Coefficient * (PayMintingFee — Gas fee — DeployerSharingFee) / (TELE Price) *Notes: 1. In the first airdrop epoch, the coefficient was 100%, while later the coefficient would be 50% and may be subject to change. 2. TELE price will be the average price during the first three days of each airdrop epoch on Gate.io.

Rewards Distribution

$TELE rewards will be distributed by epoch, calculated from a snapshot. Normally, each epoch lasts for one work, and rewards will be distributed within seven working days after the epoch ends. Each epoch may apply to different rules, so please stay updated through our TG or Twitter announcement.

As the project progresses, participants can also benefit from the increasing value of $TELE. Specific details regarding each epoch’s reward distribution will be announced prior to the snapshot.

Additionally, with product iteration, we plan to implement automatic and real-time reward distribution via contract for an enhanced user experience.