teckel: FAQ
teckel utilizes a “pay for what you use” pricing model. Therefore, we offer our products and services with neither subscriptions nor payments calculated as percentages of revenue generated by using our products or services.
We only charge a small flat fee in the form of ether (ETH) (typically much less than the cost of Ethereum gas) for various uses of the teckel Ethereum smart contracts.
For using the teckel web3 infrastructure on a “pay as you go” bandwidth and storage basis, payment is made with teckel credits (purchased with ETH); you only pay for what you actually use and the credits have no expiration.
The teckel platform only accepts ETH as payment.
teckel does not offer a free tier due to the fact that we offer our products and services on a “pay as you go” basis, meaning you only pay for what you actually use.
We recommend utilizing the free tiers of other providers until they can no longer support your needs and then reevaluate our offerings at that point in time.
3. What is "Anti Rug Pull" (ARP) technology?
The teckel app automatically forces the user to check that the content of the NFT that they are purchasing or for which they are bartering, is valid and what they expect, before committing to the transaction. In addition to that, the app automatically pins the content of the NFT to teckel‘s web3 IPFS infrastructure to ensure the security of the content before the final transaction takes place.
However, it is up to you to ensure that the pin persists beyond teckel‘s free pinning period by making sure you have adequate teckel credits to pay for prolonged pinning on the teckel platform.
4. What is "Anti Scalper System" (ASS) technology?
The teckel app utilizes a multipronged approach to drastically mitigate or in many cases completely prevent the activities of ticket scalpers, touts, and bots. We recommend utilizing one or more of the following features and techniques within the app for prevention:
- Assign the characteristic of “Transferable Once” to each ticket as they are created (minted on the Ethereum blockchain) — assignment made at time of ticket contract creation. This prevents the transfer of any ticket except for a transfer back to the ticket minter.
- Set the maximum resale price of the tickets to the same price as the original ticket price (or a price close to the original price). This eliminates or deters bots or bad actors from purchasing large tranches of tickets in order to profit by reselling them at higher prices. Maximum resale price can be modified at any time by the ticket contract owner, but only in a positive (increasing) direction.
- Set the ticket creator (minter) commission percentage relatively high providing a disincentive to resell the ticket since a large portion of the sale price would be automatically paid to the ticket creator — set at time of ticket contract creation.
As part of any barter transaction, one or both parties may request an additional amount of ether (ETH) in addition to the other’s respective NFT. We refer to these as “top-up” amounts. The first person to commit to the barter pays the other party’s requested top-up when the NFT is exchanged.
For example, in a prospective barter transaction, perhaps NFT “A” is assessed to be worth 1.9 ETH while NFT “B” is assessed at 2.0 ETH. The owner of A may request a top-up of 0.1 ETH to make up the difference in the assessed values of both NFTs.
If the owner of B decides to execute the barter transaction before the owner of A, the top-up is paid to A. However, if the owner of A decides to execute the barter transaction before the owner of B, the top-up is not exchanged.
In the preceding example found in the above FAQ question, a “Mexican standoff” is the case in which both NFT owners have requested top-ups. The first owner who executes the barter transaction pays the other owner’s requested top-up, but does not in return receive their own requested top-up from the other owner.
For example, in a prospective barter transaction, perhaps NFT “A” is assessed to be worth 3.0 ETH while NFT “B” is also assessed at 3.0 ETH. The owner of A may request a top-up of 0.3 ETH in hopes of making a 10% profit while the owner of B may request a top-up of 0.6 ETH in hopes of making a 20% profit. If owner B executes the barter transaction, they pay owner A’s requested top-up of 0.3 ETH but do not receive any top-up in return.
7. How do I obtain ether (ETH)?
The only prerequisite for using the teckel app for any Ethereum blockchain-based transaction is having some ether (ETH) to pay for Ethereum gas fees. You can typically obtain ETH by accepting it as payment, or by exchanging fiat currencies or other cryptocurrencies for ETH on an exchange like Coinbase, Binance, or one of your choice.
Once you possess some ETH you can transfer it to an Ethereum wallet address of your choice, and to which you have access on the teckel app. You can either import an existing Ethereum wallet address into the teckel app or you can create a new Ethereum wallet address within the app itself.
Note that only newly created Ethereum wallet address private keys can be exported from the teckel app via QR code only.
The teckel app will become available in the Apple App Store if Apple changes their store policy, which is currently incompatible with the teckel business model.
Philosophically speaking, teckel believes that the app user should pay for the usage of software and hardware tools developed by others on a per use basis, and not be forced to share the revenue generated by those tools… basically speaking: “Your revenue, your business.”
The teckel app will become available in the Google Play Store if Google changes their store policy, which is currently incompatible with the teckel business model.
Philosophically speaking, teckel believes that the app user should pay for the usage of software and hardware tools developed by others on a per use basis, and not be forced to share the revenue generated by those tools… basically speaking: “Your revenue, your business.”