September 14, 2021 · 3 min read
Emerging Token - TLOS
TLOS is a native token of Telos, the first EVM compatible blockchain running on EOSIO. TLOS is used in governance, rewards and payments in the TLOS ecosystem.
The price of TLOS increased by 300% in the past 30 days. There are more than 900k Telos wallet holders and 1153 users are holding wrapped TLOS on Ethereum using pTokens. TLOS market cap today stands at $180M with a circulating supply of 225M tokens. The total supply is capped at 355M TLOS.
TLOS can be purchased on exchanges including PancakeSwap, UniSwap, KuCoin and Gate.io. TLOS has recently gone live on yield protocols such as Beefy Finance Vaults and PancakeSwap Syrup Pools.
While Ethereum cannot keep up with the increased interest and usage of DeFi, new blockchains invade Ethereum’s turf. Telos tackles the scalability issue with its high speed. Telos boasts 10,000 TPS (transactions per second) and a block time of 0.5 second. Ethereum can handle 15-45 TPS and has a block time of 13 seconds.
Telos has a unique fee design. The network addresses the high gas fees using the fixed gas price. In Telos, no one can pay a higher gas price to have their transaction processed first. This eliminates the opportunity for frontrunning. Telos has two cost models for Telos dApp users and developers. The first offers users a free experience when interacting with an app, the app can stake the amount of TLOS that their users require. The app can not only purchase but also rent TLOS at the Telos Resource Exchange (REX). TLOS holders who lend out their resources receive an interest. If the application does not support this method, the second method allows users to stake TLOS themselves instead of paying a per-use gas price.
Apps deploying on Telos can leverage their sophisticated governance feature called Telos Decide. It offers developers and users a variety of voting services and DAO tools. Learn more about Telos Decide here. Using Telos' Decide Governance Engine Telos and apps deploying on it can evolve utilizing popular voting methods.
Telos Network’s scalability and advanced governance features offer DeFi projects a favorable environment to build on.
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