Telos is a blockchain platform that is designed to be used for a variety of purposes across different sectors. The platform is NFT compatible as well as smart contract programmable. Telos was founded by a group of EOSIO software enthusiasts, as such, it runs on the EOSIO software, but it uses a modified genesis block. In this manner, it is both EOSIO compatible and EVM compatible. The project launched in 2018 with no ICO and without any VC funding, this makes it unique and arguably more decentralized than other blockchain platforms.

TLOS is the native currency of the Telos blockchain and powers the entire ecosystem. The coin is used for governance, resource ownership, and more. Its current total supply is 355 million.

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

Part of Telos’ vision is to make the most of and improve upon the EOISIO software, in particular its consensus mechanism known as Delegated Proof-of-Stake (DPoS). DPoS on Telos consists of 21 “active” validators. Validators are chosen by Telos stakeholders. Active validators are in charge of running a node that keeps an updated version of the network transaction history. Another group of validators are on “stand-by” in case of any failures or problems with the main ones, they are also rotated into the top 21 validators periodically to prove they are still capable of validating transactions.

Some key features of this consensus mechanism are the relatively fast 0.5 second block production times, and therefore transaction speeds. Additionally, the platform is able to keep transaction fees to a minimum. Applications and their developer teams also have the opportunity to stake TLOS and absorb pay-to-use user gas fees. In this way, app users do not have to pay small transactional fees for using any decentralized apps running on the network.

Block producers and other important ecosystem players are rewarded in TLOS from the network’s reserve funds.

What is noteworthy about Telos?

The network makes use of a novel on-chain governance voting system, known as Telos Decide. Telos Decide is built as a service that can provide a chain-wide voting platform to developers, organizations, and also general users. As such, Telos Decide offers a variety of DAC/DAO tools for users and developers, this includes:

Where can you buy TLOS?

TLOS is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Probit, KuCoin, and Gate.io. The price of TLOS will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for TLOS market price, please view the price charts on this page.