How often are Telos (TLOS) coins burned?

Key Points:

• Telos (TLOS) employs a progressive coin burning mechanism, known as Progressive coin burn.
• The frequency of TLOS coin burns is predetermined and varies throughout the project's lifespan.
• Coin burning aims to reduce the total supply of TLOS, increase its scarcity, and drive up its price.

Progressive Coin Burn Mechanism:

• Phase 1: 1,000,000 TLOS were burned at the project's genesis in December 2018.
• Phase 2: Commenced in March 2019, 250,000 TLOS are burned every three months.
• Phase 3: Scheduled to begin in March 2022, 125,000 TLOS will be burned every quarter.
• Phase 4: From March 2025 onward, 62,500 TLOS will be burned every six months.
• Final Phase: Upon reaching 100 million TLOS in circulation (estimated in 2030-2035), the progressive coin burn will conclude.

Impact of Coin Burn:

• Reduces the total TLOS supply, creating scarcity and enhancing the token's perceived value.
• Increases the relative proportion of TLOS staked, which supports the network's security and decentralization.
• Drives up the TLOS price by reducing the available supply and increasing demand.

Additional Details:

• The TLOS burned during each phase is permanently removed from circulation.
• Users cannot predict or influence the frequency or quantity of coin burns.
• The progressive coin burn mechanism is designed to gradually reduce TLOS emissions over time.

FAQs:

Q: Why does Telos burn coins?A: To reduce the total supply, increase scarcity, and drive up the price.

Q: How many TLOS have been burned to date?A: Approximately 2,250,000 TLOS as of March 2023.

Q: What is the total TLOS supply?A: Initially 101 million TLOS, with a circulating supply of approximately 98 million TLOS as of March 2023.

Q: When will the final coin burn phase conclude?A: Estimated to be between 2030 and 2035, upon reaching 100 million TLOS in circulation.