Teleport System Token Price

The Teleport System Token (TST) is an ERC-20 utility token central to the TeleportDAO ecosystem. It operates in multiple capacities to enhance the user experience and functionality within the platform. Primarily, TST serves three key purposes:

1. Governance: Token holders are empowered to participate in governance decisions that shape the future of the TeleportDAO ecosystem, ensuring a decentralized management approach.

2. Collateral Use: TST is used as collateral for Lockers within the TeleSwap protocol. This feature provides an added layer of security and trust for transactions facilitated through the platform.

3. Incentives for Users: Holding TST comes with benefits, including the waiver of protocol fees, which lowers transaction costs and incentivizes user engagement with the ecosystem.

The integration of these functionalities makes TST a versatile asset within the burgeoning DeFi landscape.