Telos (TLOS) currency circulation

Telos's lightning-fast transaction speeds and competitive fees, at over 10,000 TPS, offer a developer-friendly platform for businesses and cost-conscious users.

Dec 21, 2024 at 06:40 am

Key Points

• High Transaction Speeds and Scalability: Telos uses a Proof-of-Stake (PoS) consensus mechanism, which enables it to process transactions quickly and efficiently. It can handle over 10,000 transactions per second (TPS), making it one of the fastest and most scalable blockchains in the industry.
• Low Transaction Fees: Telos has extremely competitive transaction fees, often significantly lower than other blockchains. This makes it an attractive option for cost-conscious users and businesses alike.
• Developer-Friendly Platform: Telos provides developers with a range of tools and resources to build their applications on the blockchain. Its smart contract language, TLOS Script, is easy to learn and use, making it accessible to developers of all skill levels.
• Expandable Token Standard: The Telos EVM (Ethereum Virtual Machine) compatibility allows developers to port Ethereum-based applications to Telos with minimal effort. This enhances the interoperability of Telos and makes it a more attractive choice for businesses and developers.
• Strong Governance Model: Telos has a well-defined governance structure that allows token holders to participate in decision-making through voting. This ensures decentralization and community involvement in the project's development.

Circulation Supply and Distribution

1. Initial Token Distribution: The initial TLOS token distribution occurred through a private sale and a public token sale, raising a total of $16 million. A portion of the tokens was allocated to the Telos team, advisors, and strategic investors, while the majority was distributed to the public.
2. Burning Mechanism: Telos has implemented a token burning mechanism to reduce the supply of TLOS tokens over time. A portion of the transaction fees collected by the network is used to purchase TLOS tokens on the open market and burn them, permanently removing them from circulation. This mechanism reduces the supply of TLOS, increasing its scarcity and potentially driving up its price.
3. Circulating Supply: The circulating supply of TLOS is approximately 125 million tokens out of the total 250 million tokens that will ever be created. This circulating supply is distributed among token holders, including investors, users, and developers building on the Telos blockchain.
4. Future Token Distribution: The remaining 125 million TLOS tokens are currently allocated to the Telos Foundation and will be used for various purposes, including rewarding network participants, funding development initiatives, and supporting the growth of the Telos ecosystem. The Telos Foundation will release these tokens gradually over time, ensuring a steady supply of TLOS tokens in the market.

FAQs

1. What gives Telos value? Telos's value is derived from its unique combination of high transaction speeds, low fees, developer-friendly platform, and strong governance model. This makes Telos an attractive choice for a wide range of use cases, creating demand for TLOS tokens.
2. How secure is Telos? Telos uses a proof-of-stake consensus mechanism, which makes it highly resistant to malicious attacks. The network is maintained by a large, distributed group of validators who collectively ensure the security and integrity of the blockchain.
3. What are the benefits of holding TLOS? TLOS holders can participate in the governance of the network through voting, earn rewards for holding their tokens, and potentially benefit from the future increase in the value of TLOS tokens.