Telos

Halal Rating :
Questionable
Last Price $0.21 Last updated:
Rank 499
1D Change 0.62 %
Market Cap $77.69m
Circulating supply 375,573,675
Maximum supply None

Crypto Overview

Categories
  • Medium of Exchange
  • Services
  • Enterprise Solutions
  • Collectibles & NFTs
  • DeFi
  • Zero Knowledge Proofs
  • Smart Contracts
  • BNB Chain

Overview

Telos is a third-generation blockchain platform launched in 2018 as a fork of EOSIO software. It positions itself as a high-performance blockchain network focused on scalability, decentralized applications (dApps), and enterprise solutions.

Intended Utility

The primary purpose of TLOS is to serve as the native utility token of the Telos network, used for: governance voting, resource allocation, smart contract deployment, and transaction fees. The network emphasizes real-world blockchain applications, particularly in areas like supply chain management, gaming, and decentralized finance.

Actual Utility Assessment

The network demonstrates significant actual utility through: Active validator participation with over 100 block producers, Growing ecosystem of dApps built on the platform, Regular technical updates and development activity on GitHub, Partnership implementations with various enterprises and organizations.

Token Distribution Analysis

Telos has notably fair token distribution characteristics: No ICO was conducted, No pre-mine for founders, Community-driven token distribution through proof-of-work, Validators receive rewards through inflation-based model.

Development vs Marketing

The project shows strong focus on technical development: Regular GitHub commits and updates, Active developer community, Technical documentation and resources, Balanced marketing approach focused on actual capabilities rather than price speculation.

Revenue Model

The network's revenue model is based on legitimate service provision: Transaction fees for network usage, Resource allocation for dApp deployment, No interest-bearing mechanisms in the core protocol.

Crypto Impact

To assign a comfort level investing in Telos from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Telos.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating