#MyCOSTrade Teleport System Token (TST): Bridging Bitcoin with DeFi
The Teleport System Token (TST) is the native utility and governance token of the TeleportDAO ecosystem, a trustless bridge connecting Bitcoin to Ethereum Virtual Machine (EVM) chains and Bitcoin Layer 2 solutions. This innovative protocol enables seamless cross-chain transactions, allowing developers to build secure and decentralized applications that leverage Bitcoin's liquidity within the DeFi landscape.
Key Features of TST
Cross-Chain Compatibility: TeleportDAO facilitates direct connections between blockchains, enabling seamless transactions and interactions, regardless of whether those blockchains are programmable or non-programmable.
Governance: TST holders play a pivotal role in the TeleportDAO ecosystem by participating in governance decisions. This includes allocating treasury funds, approving or rejecting improvement proposals, setting protocol fees, and adding support for new chains.
Utility in Applications: TST powers applications like TeleSwap, which allows users to trade Bitcoin assets for ERC-20 tokens in a decentralized manner, and TeleOrdinal, a cross-chain marketplace for Bitcoin NFTs (Ordinals).
Market Performance
As of June 2, 2025, TST is trading at approximately $0.002654 with a 24-hour trading volume of around $337,661.90. The token has a total maximum supply of 1 billion TST, with the current circulating supply data not publicly available.
Price predictions for TST suggest a gradual increase over the coming months, with potential gains ranging from 17% to 29% by the end of 2025. However, it's important to note that these forecasts are speculative and subject to market volatility.
