What is the issuance amount of Telos (TLOS) coins?

Telos (TLOS), the native cryptocurrency of the high-throughput blockchain platform, offers low latency and scalability optimized for decentralized applications.

Dec 23, 2024 at 09:21 am

Key Points:

• Overview of Telos (TLOS)
• Issuance Mechanism and Total Supply
• Token Distribution and Allocation
• Use Cases and Value Proposition of TLOS
• Trading and Market Performance
• Industry Recognition and Partnerships
• FAQs

Overview of Telos (TLOS)

Telos is a blockchain platform designed for decentralized applications (dApps), with a focus on low latency, high throughput, and scalability. It employs a unique hybrid consensus mechanism, combining Delegated Proof-of-Stake (DPoS) with a Proof-of-Work (PoW) layer, to ensure fast and secure transactions. TLOS is the native cryptocurrency of the Telos network.

Issuance Mechanism and Total Supply

The Telos mainnet was launched in December 2018, with an initial supply of 200 million TLOS coins. New coins are minted through the DPoS consensus mechanism, where block producers are rewarded for validating transactions and maintaining the network. The issuance rate is adjusted periodically to control inflation and maintain a stable supply. Currently, the total supply of TLOS stands at approximately 420 million coins.

Token Distribution and Allocation

The initial distribution of TLOS coins was allocated as follows:

• 40%: Private sale
• 20%: Public sale
• 20%: Telos Foundation
• 10%: Development team
• 10%: Ecosystem fund

The Telos Foundation holds a significant portion of the coins in reserve to support the long-term growth and development of the network.

Use Cases and Value Proposition of TLOS

TLOS is primarily used for:

• Transaction fees: TLOS is required to pay for transactions on the Telos network.
• Delegate voting: TLOS holders can vote for block producers and governance proposals to influence the direction of the network.
• Staking: TLOS holders can stake their coins with block producers to earn rewards.

Trading and Market Performance

TLOS is currently traded on several cryptocurrency exchanges, including Binance, KuCoin, and Huobi. It has experienced significant price volatility, with highs of over $1 in 2021 and lows of around $0.03 in 2023. The market value of TLOS fluctuates based on supply and demand, market sentiment, and network adoption.

Industry Recognition and Partnerships

Telos has gained recognition within the blockchain industry for its performance and scalability. It has partnered with various organizations, including:

• Bridge Mutual: To provide insurance and financial protection to dApps on the Telos network.
• Lumerin: To integrate decentralized identity solutions into the Telos ecosystem.
• Evmos: To enable cross-chain interoperability between Telos and the Cosmos network.

FAQs

• What is the current price of TLOS?

As of writing (March 2023), the live price of TLOS is approximately $0.05.

• How many TLOS coins are in circulation?

Approximately 420 million TLOS coins are currently in circulation.

• Where can I buy TLOS?

TLOS can be purchased on cryptocurrency exchanges such as Binance, KuCoin, and Huobi.

• Is Telos a good investment?

The potential profitability of investing in TLOS depends on factors such as the adoption of the Telos network, market demand, and overall market conditions. It is recommended to conduct thorough research before making investment decisions.

• What is the potential of the Telos ecosystem?

The Telos ecosystem has the potential to grow significantly as a result of itsscalability, low latency, and developer-friendly environment. The expansion of dApp development, partnerships, and adoption could further enhance the value and demand for TLOS.