Telos
Crypto Overview
Overview
Telos is a blockchain platform that launched in 2018 as a fork of EEOS.IO software. It aims to provide a scalable, fast and environmentally sustainable blockchain infrastructure for decentralized applications.
Intended Utility
The primary purpose of TLOS is to serve as the native token of the Telos network, used for:
- Network resource allocation (CPU, NET, RAM)
- Governance through on-chain voting
- Transaction fee payments
- Staking for network security
Actual Utility Assessment
Telos demonstrates genuine utility through its active ecosystem:
- Supporting multiple DeFi applications and NFT marketplaces
- Processing over 100 million transactions
- Maintaining a network of active validators
- Hosting numerous dApps on its platform
Token Distribution and Governance
The token distribution appears fair with no pre-mine and no ICO. Block producers are elected through a democratic voting process. Development is ongoing with regular updates to the core protocol.
Technology and Revenue Model
The platform uses a Delegated Proof of Stake (DPoS) consensus mechanism, which is halal as it represents actual work and network security contribution. Revenue is generated through transaction fees and block rewards, which represent legitimate compensation for network maintenance.
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.