TLOS ticker is the native token of the Telos Network. It is the key to access all of Telos’ features and functionalities. With a total supply of 355,208,371 TLOS, the initial distribution of these tokens started with an airdrop among EOS genesis accounts and allocation of funds for the Telos Foundation, the Telos’ Founders Rewards Pool, the Telos Community Rewards Pool and the Telos Exchange Reserve fund.
The regular distribution of tokens corresponds to monthly allocations for Telos Works (Worker Proposals), The Telos Foundation, block producers and arbitrators pay. In August 2019, financial measures were made after a confirmed amendment was voted and approved by the community, changing the original clauses through the TEDP (Telos Economic Development Plan) such as pausing inflation for approximately 2–3 years.
Still, TLOS token is much more!
Users who own TLOS additionally gain access to a network that has governance, conflict resolution, voting tools and IPFS functions; In addition, users can obtain access to funds for projects that benefit the blockchain. Some examples of the projects being developed in Telos are Drako´s Keep, SEEDS and Unbiased. You can see a complete list of projects here.
Benefits of being a TLOS Token Holder:
- Access to the decision-making processes of the network: All TLOS holders have proportional voting rights capable to influence the path of the network by choosing and voting for block producers (nodes), worker proposals and projects that need funding in the Telos Works System and deciding which changes to governance are the convenient for Telos.
- Access to inexpensive resources: Such as RAM, CPU and NET. If a stakeholder owns 1% of TLOS, they may utilize 1% of the network’s capability at any time.
- Access to Telos’ Resource Exchange Program: REX refers to a platform upon which token holders may stake their tokens in return for revenue based on their investment, while lending their resources to other members that require them. The annual returns that can be obtained by investing in REX reach up to 17%!
- And access projects deployed on Telos: With the token, users can employ Telos’ dApps and take part in their actions.
TLOS token value is directly affected by the efforts of its independent members and entities. But what does this mean?
- The effort of building real world applications on the platform.
- The effort of its community members to market the network and let the word spread.
- The effort of its members to contribute to projects that add value to Telos Network.
There is no single entity responsible for the Networks’ improvement, but it is the responsibility of all its token holders, that is why the concept of decentralization comes to surface.
BE AWARE!
Currently, there is a coin with the ticker symbol ‘TELOS’, but it is NOT related to Telos Network or TLOS token!
To be safe, always look for the TLOS ticker symbol, the indigo circle, or the acorn and buy only from exchanges you know and trust.
Find more information about TLOS token at CoinMarketCap.
Buy TLOS
Buy TLOS using credit or debit cards. This was achieved thanks to an alliance with carbon, a fintech company focused on making crypto accessible to the masses. The Telos chain is 100% operational and has a market capital of USD 18 million and counting. Join the revolution of Telos smart contracts!
Get your TLOS on any of the supported exchanges listed at telosnetwork.io and become an active member of Telos, where purpose meets people.
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Read this article where it explains how to create a free Telos account: Getting started on Crypto
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