Token Generation Events

TGE will take place after the Trevla app is released. Without having to burn any of their participating $Trevl coins, all qualified $Trevl coin users will be able to choose to join the TGE at a rate of 1:1, thereby converting 1,000 verified steps and/or travel activities into 1 TREV.

Following TGE, the only way to create new $TREVL is through travel and activities that have been approved by an Activity Validator.

Only the first 5,000 steps taken by a user after TGE will mint $TREVL; any additional steps will result in new Trev coins. With tiered minting, as described below, this minting cap may change.

The Solana blockchain will be the foundation for $TREVL.

$TREVL will be offered as Solana SPL Token and an ERC-20 (Ethereum) token.

The DAO will charge users a fee if their activity repeatedly falls below a certain threshold in order to promote travel activity in perpetuity. This not only fits with our goal of fostering dependable behaviors, but it will also help to slow inflation down dramatically (the exact details of the fee will be left to $TREVL holders, who govern the DAO).