AMA script

Could you give us a some background information about Tea Project?

Kevin:

TEA Project is a decentralized cloud computing framework. You can consider it’s a decentralized Amazon cloud or Google cloud. Someone might say Uber is a decentralized taxi company, but that’s just half true. A fully auto self-driving taxi would actually be a fully decentralized taxi. If we use Uber vs a taxi company as an example, TEA is trying to make an auto driving taxi. Owners invest to own (or finance) an auto driving car. The car makes money (token) for the owner and share holders. In our terms, owner is a miner, or something we call them a “tea farmer”. They plant Camellia (the tea tree), harvest TEA tokens (the utility stable token). They spend TEA tokens to buy new Camellia seeds and plant more trees. etc The application owner and consumer pay the gas fee in TEA token.

George: In the AWS, Google Cloud etc. world, you get speed but at the cost of centralization. We are making decentralization on the blockchain possible without sacrificing speed.

Kevin: Right now, we have testnet running. The farmers just setup some test nodes by purchasing CML (Camellia seeds) and planting them to the node, that’s it. As George said, we want the speed and performance of cloud computing, but not the centralization of cloud computing We want the decentralization of blockchain, but not the slow speed and high cost.

How does it relate to Web3?

George: You can think of TEA Project as a full-speed decentralization layer for Web3. Our native binary format is WebAssembly, which is fast, secure, and easy to output to from a variety of different programming languages. Makes it easier for developers to migrate to Web3 via the TEA Project.

Kevin: One big reason that Web3 has not yet become reality is the lack of framework. Our existing blockchain infrastructure is far from ready-to-use. It is like pre-year-2000 in the web 2.0 era. Unless some of you are very technical, I prefer not to get too deep into the technology. TEA wants to be a all-in-one solution for dApp building.

Can you give some applications of how TEA Project can be used?

Kevin: It might be a bit tricky: How can a car use the customer information without knowing it? There is an existing solution for years. Just like the fingerprint sensor in your phone. Your phone knows nothing about your fingerprint, but it can unlock your phone if your fingerprint matches. This small fingerprint sensor is a trusted hardware, or a security chip. TEA uses those kind of technologies. We allow the owner to own a TEA node, run the customer’s application, but they know nothing about what it runs, what is the data, what is the code. totally nothing. Knowing nothing but it still makes money. Sounds good, right?

George: The TEA Project allows users to trust their data to decentralized miners without fear of privacy breaches. This makes it an ideal platform for anywhere personal information needs to be protected, from home-based IoT devices to patient health records. Kevin: One simple example that we made more than a year ago. If you want someone to process your picture but do not want him to see the picture, how? TEA can do that.

How do we participate in the mining?

George: We now have testnet mining where miners compete for mainnet CML vouchers. CML is our NFT that is necessary for mining machines to function on the TEA network. Those interested in mining can join our Telegram group: https://t.me/teaprojectorg

Kevin: As George said. we are running testnet to distribute our NFT token. Everyone can join the contest.

How to understand the TEA Project quickly — are there videos?

George: Here’s a demo from Nov2020: https://www.youtube.com/watch?v=6GYwrITSfJo

Kevin: Yes, but this video is more than one year old. Our current contest is more interesting. The contest is just like a game. That’s true, watching youtube video is usually easier than reading documents. This is our YouTube channel link: https://www.youtube.com/channel/UChYmd52JIe0zTdIdXHLK7WQ Not only does creating such videos make money, but watching them makes money too? This TEAfluencer video tells why and how: https://www.youtube.com/watch?v=K3HABowFwhg

Is the mainnet live? Any exchange listing?

Kevin: There is one more important thing before being listed on an exchange. We want to distribute our initial tokens to community members.

What are the ways to make money?

Kevin: First, it depends on your technical and investment background, there are three roles to choose. Here is the wiki https://github.com/tearust/teaproject/wiki/TEA-Project-Basic-Concepts This video talks about the three different roles and how they can help each other: https://youtu.be/WUV_SVMTgT0 This video is about the TEA token economy https://youtu.be/qnZAsosHOTo but George can you explain in text here?

George: The idea is that the TEA ecosystem participants support each other. Miners search out TApps with consumer demand to earn hosting revenue, just as customers that like TApps can invest in them by buying its TApp tokens. These all generate demand for the TEA token which is needed to buy CML (for mining) or TApp tokens. To make money in the TEA Project, one can start with CML, our NFT. You can then either mine with CML or stake the CML to another person’s mining machine to earn a share of the revenue. Each TApp also has tokens for it, so if you believe in the TApp you can invest in it by purchasing its TApp token.

Kevin: Of course, you will need some patience to read the wiki. Or, you can watch the YouTube video recommended. I know there are some projects that boom because of fomo. Fomo won’t last too long. A well designed token economy that drives consumption demands lasts forever.

What’s the competitors out there to compete with you guys?

Kevin:

The first and biggest is Amazon / Google Cloud. Our friends are projects like IPFS and Coming.chat. There are many other decentralized computing projects, such as ICP, OASIS, but we run very differently on both technology and tokenomics. If any of you are a key opinion leader, or sometimes we call them influencers, TEAfluencer would be a good tool you can use. The best way to learn is to join the contest and practice on your own. And this is the ONLY way to get the token of the TEA Project.

Bonus questions for Audiences:

1. Is TEA Project a layer 2 blockchain project?
2. Is mainnet of TEA Project alive？
3. Is TEA Project built on Ethereum?