Telos 101: Blockchain Network Essentials

Telos is a software or code fork of EOS.IO, meaning that the Network is creating an entirely new blockchain using an improved and modified version of open-source EOSIO software.

Telos Foundation — https://www.telosfoundation.io/

The Telos Foundation is a promotional and funding body dedicated to advancing the Telos Blockchain Network. The aim of the Telos Foundation is to provide grants to groups promoting necessary network functions that cannot be, or are not otherwise, supported by worker proposals.

Telos FAQs — https://www.telosfoundation.io/faq

TLOS Token

TLOS is the name of the token that reflects ownership in the Telos network. TLOS will not be airdropped to EOS wallets because Telos is a separate chain. TLOS tokens will be available to all users with accounts in the EOS genesis snapshot. Token holders can access their TLOS tokens on Telos when it is activated by using their same genesis account names and key pairs. All accounts that remain inactive after one year following network activation (approx. 63,000,000 blocks) will be deleted. Make sure your account is activated by completing an action on your accounts — that is as simple as completing a transaction or voting for block producers and Telos Foundation board members.

More info: http://bit.ly/TLOSTokensInfo

Key Features and Phases

Genesis keys

Also known as a Genesis address, genesis keys are the first Telos accounts that are generated from the EOS ERC-20 snapshot. The Telos snapshot will occur at block 6,000,000.

Key Recovery

Telos offered token recovery for the last several weeks and helped 160 individuals on the EOS ERC-20 genesis snapshot with their EOS keys so that they could receive their sharedropped tokens. This program ended at launch.

Launch

Launching is the start of running the Telos network to allow votes to be cast for block producers and for network validation. After launch — which is not a single event, but rather a series of events over several days — you will be able to swap the network settings (within your wallet) via a dropdown box from testnet to mainnet.

Then you will be able to use the staked TLOS (real) tokens, which are already in your account ( no need to “claim” as in airdrop) to vote.

However, you cannot unstake or use your tokens yet for other things because these options are not available until after network “activation” when the millionth block is produced.

For more info about what happens when Telos launches: http://bit.ly/WhenTelosLaunches

Validation

Independent parties will check to ensure that the new accounts injected into the chain are all present and correct, and that there are no extra accounts. If validation fails, the launch directors may correct a small number of accounts directly or a new launch and injection will be required for large-scale validation failures. More about validation: http://bit.ly/ValidatingTelosBlockchain

Activation

Activation is the point when TLOS holders can begin transferring or using their tokens beyond just voting. Users can perform any function including unstaking to make their tokens liquid. Activation occurs when the millionth block has been produced.

Monitor

Use the monitor to track the production performance of block producers on the Telos Blockchain Network.

Block Producer Information:

Want to learn more about becoming a BP on Telos? Visit the links below and check out the Telegram channel:

http://bit.ly/TelosBPRequirements

http://bit.ly/TelosBPComplianceTesting

Telegram: https://t.me/TELOSPros

Wallets

https://www.telosfoundation.io/downloads

This list will be updated as more wallets onboard. Current as of Dec.12, 2018

  • SQRL: Download and set up your wallet in Sqrl with your genesis keys (at this moment in time) to see your account and testnet tokens on the testnet. You can also use Sqrl to vote for block producers and Telos Foundation board members. Once the Telos Blockchain Network is active, you can also use other wallets to store and transact with TLOS tokens. Join the Sqrl Telegram channel here: https://t.me/sqrlwallet
  • Scatter 10 Beta is working for TLOS, with minor limitations. Join the Telegram Channel here: https://t.me/Scatter. Visit the Scatter website at: https://get-scatter.com/

Exchanges

An exchange is a digital marketplace where you can trade TLOS tokens for other types of cryptocurrency. Exchanges and wallets are responsible for their own timelines to start offering services, so please check with them directly about the availability of TLOS service. This list will be updated as more exchanges onboard. Current as of Jan. 14th, 2019

  • ChainRift= active now
  • AKdex = active now
  • Swap.Online = active now
  • CODEX = active now
  • EOSex = active now
  • WhaleEx = coming soon
  • FINDEX = coming soon
  • DEXEOS = coming soon

Ledger Support via “Meow”

altShiftDev is the creator of My EOS Wallet (MEOW), a community owned and ad-free wallet and EOS account viewer on the web. It allows the EOS community to access and manage their EOS accounts with the trusted security of hardware wallets such as the Ledger Nano S — and hopefully soon on Trezor devices. More info here: https://medium.com/@altShiftDev/migrating-your-telos-account-to-your-ledger-nano-s-with-meow-a05ea03ced7b

Community Rewards and #IWantMyTLOS Campaign Contributors

If you participated in these programs, you should have seen your TLOS in your accounts 1–2 weeks after activation. This program is closed.

Scam Alert!

There is a fake Telos Foundation website that keeps resurfacing. The Telos community and Telos Foundation have been working hard to keep it offline. This is NOT in any way affiliated with www.telosfoundation.io!

The fake website often has a “-” in the address and offers a “claim” services. The real Telos Foundation site does not use a “-”. DO NOT USE THIS SITE. There is no “CLAIM” offer from the real organization. Telos would not ask for your private keys and you should never give your private keys.


Follow Telos online and get more info!

Telegram: https://t.me/HelloTelos

Twitter: https://twitter.com/HelloTelos

Facebook: https://www.facebook.com/TelosFoundation.io

YouTube: https://www.youtube.com/c/TheTelosNetwork

Reddit: https://www.reddit.com/r/TelosNetwork/

Discord: https://discordapp.com/channels/466757729508261889/468500684858327040

Instagram: https://www.instagram.com/telosfoundation.io/

The Telos Foundation is a promotional and funding body, dedicated to advancing the Telos Blockchain Network. The aim of the Telos Foundation is to provide grants to groups promoting necessary network functions that cannot or are not otherwise supported by worker proposals.