Telos is a blockchain built to serve many use cases across different industries. It supports NFTs and also allows smart-contract programming. Telos was created by a community of EOSIO software enthusiasts, so it operates on the EOSIO software, though it uses a modified genesis block. This design aims to make it both EOSIO compatible and EVM compatible. The project began in 2018 without an ICO and without VC backing, which sets it apart and may make it more decentralized than other blockchain networks.

TLOS is the native token of the Telos blockchain and fuels the ecosystem. The token is used for governance, resource control, and more. The current total supply stands at 355 million.

What are Telos Pay’s key features and how does it work?

A core part of Telos’ direction is improving on the EOISIO software-especially its consensus approach, Delegated Proof-of-Stake (DPoS). On Telos, DPoS uses 21 “active” validators. These validators are selected by Telos stakeholders and operate nodes that maintain an up-to-date record of the network’s transaction history. In addition, there are standby validators ready to take over if the primary ones encounter issues, and they are periodically swapped into the top 21 to demonstrate their ability to validate transactions.

Notable aspects of this consensus model include comparatively quick 0.5 second block production, which supports faster transaction processing. The platform also works to keep transaction fees low. Developers and their application teams can stake TLOS and handle pay-to-use user gas fees, meaning end users don’t need to cover frequent small transaction costs when using decentralized apps on the network.

Block producers and other key participants in the ecosystem receive TLOS rewards funded from the network’s reserve.

What is noteworthy about Telos?

The network uses an on-chain governance voting system called Telos Decide. Telos Decide is structured as a service that enables a voting platform across the entire chain for developers, organizations, and individual users. With this, Telos Decide provides a set of DAC/DAO tools, including:

Where can you buy TLOS?

TLOS can be traded on the CEXs and DEXs listed here. The most widely used venues with the highest liquidity include Probit, KuCoin, and Gate.io. TLOS pricing will change based on the exchange you choose and broader market conditions. For the latest and historical market price information, refer to the TLOS price charts on this page.