TEAL Coins are the means of payment on the TEAL Marketplace. TEAL Coins are partially generated through a minting process based on the TEAL Token.
The number of TEAL Coins available continuously adapts to the economic cycle and development of purchasing power on the TEAL Marketplace. The available amount of Teal Coins are continuously changed by the circulation speed. This will allow TEAL to generate an economically friendly demand for new TEAL Coins.
As means of payment circulation speed is defined by the ratio of sales to available amount of money. The optimal ratio has the value of 1 and can be calculated as followed:
If the value of circulation speed is higher or lower than 1 it will cause deflation or inflation. Therefore the system has to react and influence the factors used for generating coins, in order to achieve and maintain a stable currency.
You can find more information about this subject in our whitepaper.
PREDICTED MARKETPLACE SALES FOR THE 1st YEAR OF OPERATION:80,600,000 US-Dollar
PREDICTED CIRCULATION SPEED FOR THE 1st YEAR OF OPERATION2
PROPORTION OF COINS IN REWARD:+6%
TOTAL NUMBER OF MINTABLE TOKEN:21,000,000