When was the Telos (TLOS) coin issued?

Launched on March 5, 2018 on the EOSIO blockchain, the Telos (TLOS) coin leverages a DPoS consensus mechanism and an on-chain voting system for decentralized governance.

Dec 23, 2024 at 03:56 pm

Key Points:

• Issuance Date: March 5, 2018
• Blockchain Origin: Introduced on the EOSIO blockchain
• Consensus Mechanism: Delegated Proof-of-Stake (DPoS)
• Governance Structure: On-chain voting system

Issuance of Telos (TLOS) Coin

• The Telos (TLOS) coin was officially launched on March 5, 2018, during the Genesis block creation event.
• The primary platform for TLOS's initial distribution was the EOSIO blockchain, a high-performance blockchain network developed by Block.one. This unique distribution method allowed users to claim their TLOS tokens through the EOSIO genesis token airdrop.
• The initial token supply was distributed as follows: 45% to early contributors and team members, 20% to the community through the airdrop, 20% to the Telos Foundation (a non-profit entity), and the remaining 15% as reserve tokens.

Telos Blockchain and its Features

• Telos was designed to enhance the functionality and scalability of the EOSIO blockchain, particularly catering to enterprise-grade applications.
• It operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, where block producers are elected by TLOS token holders to validate transactions and maintain the blockchain.
• The Telos blockchain boasts faster transaction processing speeds and lower transaction fees compared to the EOSIO network, making it suitable for high-volume applications.

Governance and Voting System

• Telos has a unique on-chain governance structure that allows TLOS token holders to participate in decision-making processes affecting the network.
• Token holders can vote on various proposals, including updates to the protocol, new features, and resource allocation.
• The voting system ensures transparency and accountability in the governance process, allowing the community to actively shape the future of the Telos network.

FAQs:

Q: What is the purpose of Telos (TLOS)?
A: Telos aims to provide a scalable and enterprise-friendly blockchain platform for building decentralized applications. It offers fast transaction processing and low fees, making it a suitable option for various use cases.

Q: How do I obtain TLOS tokens?
A: You can acquire TLOS tokens through exchanges that support TLOS trading. Some popular exchanges include KuCoin, Gate.io, and PancakeSwap.

Q: What is the role of the Telos Foundation?
A: The Telos Foundation is a non-profit organization that supports the growth and development of the Telos ecosystem. It provides resources, funding, and community support to foster innovation and adoption of Telos-based projects.