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TeleportDAO is a light-client crypto bridge that enables users to trade and transfer BRC-20 and ERC-20 digital assets between Bitcoin, Bitcoin L2s, and EVM chain networks. It is powered by the native $TST token, which is used for rewarding relayers (node runners), obtaining discounts for transaction fees, and participating in DAO votings.
On March 16th, 2023, Teleport DAO closed a Seed funding round, raising over $2.5M from Quantstamp, AppWorks, DefinanceX, CoinList, and others.
20% unlock in 75 days after ICO and 80% remaining upon 6 months, no cliff.