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TERR and TER are separate tokens with different roles. Eligible TERR may become convertible to TER through a future Teron conversion mechanism. This page explains the current status and how conversion is expected to work at a high level.

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Current Status

  • TERR-to-TER conversion is planned. It is not live today.
  • No fixed TERR-to-TER conversion rate has been published.
  • 1 TERR does not equal 1 TER.
Any TERR-to-TER conversion rate you see attributed to Teron before the official launch of the conversion feature is unofficial. Do not rely on unofficial rates.

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How the Planned Mechanism May Work

The final conversion mechanism may include one or more of the following controls:
  • A defined conversion pool of TER available for conversion.
  • Eligibility rules that determine which TERR balances qualify.
  • Conversion windows during which conversion is open.
  • Per-user limits.
  • Vesting on converted TER.
  • Other controls Teron decides are appropriate at the time of launch.
Teron will publish the final rules before the conversion feature becomes active.

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Reward Conversion Example (Hypothetical)

The example below is educational only. It is not an official conversion rate, and it is not a promise of any future rate.
This example is hypothetical and for illustration only. Numbers used here are not commitments and do not reflect any final conversion parameters.
If a fixed TER reward pool is available for conversion, the final conversion rate can depend on two things:
  • The size of the TER conversion pool made available by Teron.
  • The amount of eligible TERR submitted by users during the conversion window.
For illustration:
  • Suppose a hypothetical TER conversion pool of X TER is opened for a conversion window.
  • Suppose the total eligible TERR submitted by all users during that window is Y TERR.
  • A user who submits y eligible TERR could receive a share of the pool proportional to y / Y, so approximately (y / Y) * X TER.
Under this style of mechanism, the effective conversion ratio depends on how much eligible TERR is submitted relative to the size of the TER pool. A larger amount of submitted TERR relative to the pool would result in fewer TER received per TERR, and vice versa. Again, this is a hypothetical explanation of the concept. It is not a promise of a future conversion rate.

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What This Means for Users Today

  • Continue to earn TERR through eligible platform activities and tasks.
  • Do not assume a specific conversion rate when planning your participation.
  • Watch official Teron channels and this documentation for the final conversion rules before the feature launches.