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TERP & THIOL

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TERP & THIOL: Native Tokens of Terp Network

TERP and THIOL are the two native tokens of the Terp Network. Initially, THIOL was introduced as the native fee-token, while TERP was designated as the native staking token. Over time, their roles have evolved to encompass a broader range of functions.

$TERP​

The $TERP token is a governance token for shaping the future of the protocol, including every implementation detail. $TERP's initial use cases include:

  • Staking to secure network consensus
  • Voting on governance proposals
  • Utilization in IBC supported ecosystems
  • Integration with smart contract messages
  • Vesting to another address
  • Sending to another address
  • Creating new tokens via the token-factory module

$THIOL​

The $THIOL token is a reward for validators who actively participate in the consensus process of each newly minted block. The amount of $THIOL minted each year decreases.

The initial use cases for $THIOL include:

  • Paying for on-chain fees
  • Granting fees to another address
  • Utilization in IBC supported ecosystems
  • Integration with smart contract messages
  • Sending to another address

Your Personal Stash​

These tokens are your gateway to interacting with the Terp Network. They enable you to participate in governance, validate transactions, and engage with the network's ecosystem.

Distribution​

There have been two major token distribution events for Terp Network.

Genesis Distribution​

Initial ownership allocation

Headstash Airdrop​

Multi-community airdrop event