tea Protocol is a decentralized framework designed to revolutionize the way open-source software (OSS) developers are compensated and recognized for their contributions. Built on a decentralized, trustless model, tea Protocol integrates with major software package managers and operates using a Proof of Contribution algorithm, ensuring that developers are fairly rewarded for their work. By allowing OSS developers to capture the value they create, tea Protocol fosters a sustainable ecosystem for open-source software. The protocol has garnered significant attention, raising $16.9 million in funding from investors like Binance and Woodstock Fund.

 

At the core of tea Protocol is the $TEA token, which powers the ecosystem and serves as the key to accessing various features of the protocol. It promotes growth within the open-source software community by incentivizing contributions and participation in governance. The protocol runs on Coinbase’s layer-2 blockchain, Base, which helps drive its decentralized model.

 

 

How Does tea Protocol Work?

tea Protocol works by providing a platform for open-source developers to register their projects, secure the network, and earn rewards through the $TEA token. The protocol has four main utility drivers: gas fees, restricted access, governance, and OSS project security.

 

1. Gas Fees: TEA tokens are required to conduct transactions within the ecosystem, from setting up an OSS project treasury to staking and allocating rewards. This ensures that all actions, including transfers and staking rewards, are powered by the $TEA token.

 

2. Restricted Access: Projects need to stake TEA tokens to create and maintain their DAO treasury, which enables them to continue earning rewards based on the Proof of Contribution consensus mechanism. These staked tokens are also used to incentivize security researchers and project maintainers to address vulnerabilities.

 

3. Governance: Participants can propose changes to the tea protocol or delegate their vote to open-source packages of their choice by staking TEA. This ensures that projects with staked TEA can participate in the protocol’s governance and make key decisions.

 

4. OSS Project Security: Network users can privately report bugs or vulnerabilities, with TEA tokens staked alongside the report. If the report is addressed, the user receives a reward. If it’s not fixed within a set time, the project and supporters of the package face penalties.

 

How to Get the tea Protocol Airdrop

tea Protocol has confirmed that testnet users will be eligible for an airdrop based on the points they accumulate. Here’s how you can participate in the tea Protocol testnet and qualify for the airdrop:

 

 

Step 1: Join the tea Testnet

Visit the tea Protocol testnet page and sign up using your Google, Microsoft, or GitHub account. This will give you access to the incentivized testnet where you can start earning points.

 

Step 2: Earn Points by Registering and Staking

After signing up, you will receive 100 points. If you have previously signed up, make sure to migrate your account to the updated version (V2), which will also grant you 10,000 testnet tokens automatically. Connect your GitHub account to your tea profile to earn an additional 250 points. Complete other tasks on the testnet to further accumulate points, and stake tokens within the network to earn more.

 

Step 3: Refer Friends and Earn More Points

You can also invite your community to join the testnet. For every successful referral, you’ll earn additional points, which will help boost your standing in the tea Protocol ecosystem. Stay tuned for more challenges as the tea testnet evolves, which will provide even more opportunities to accumulate points.

 

Step 4: Complete the Testnet Campaign on Intract

Additionally, tea Protocol has partnered with Intract for another testnet campaign. Complete the tasks on Intract to earn more points and improve your chances of qualifying for the TEA token airdrop.

 

tea Protocol has stated that “testnet points are planned to become redeemable by eligible persons for blockchain tokens and/or other benefits at a later time,” confirming that TEA tokens will be distributed to testnet participants based on their accumulated points.

 

Conclusion

tea Protocol offers a unique opportunity for open-source developers and users to contribute to a decentralized ecosystem while earning rewards through the $TEA token. By participating in the incentivized testnet, staking, and completing tasks, users can accumulate points that will eventually be converted into TEA tokens. With a focus on sustainability, governance, and security, tea Protocol is paving the way for a fairer and more accessible open-source software ecosystem. Stay engaged and continue participating in the testnet to maximize your chances of qualifying for the upcoming airdrop.