Telos

Halal Rating :
Comfortable
Last Price $0.18 Last updated:
Rank 581
1D Change -3.29 %
Market Cap $68.08m
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

Purpose and Utility

Telos is a blockchain platform built on EOSIO technology, designed to provide high-performance decentralized applications (dApps) with fast transactions and zero transaction fees for basic transfers. The platform supports smart contracts and aims to offer superior governance features, including arbitration mechanisms and worker proposals.

Business Model and Platform Features

The platform provides several key functionalities: 1) A high-speed blockchain capable of processing 10,000+ transactions per second 2) EVM compatibility allowing Ethereum-based applications to run on Telos 3) Native tools for decentralized governance 4) Cross-chain bridge capabilities.

Real-World Adoption

Telos has achieved notable adoption with multiple decentralized applications running on its network, particularly in DeFi and NFT spaces. The platform hosts various dApps including decentralized exchanges and NFT marketplaces. The network maintains consistent transaction activity, indicating regular usage of the platform's features.

Development Activity

The project maintains active development with regular updates to its core protocol and tools. The GitHub repositories show consistent commits and multiple contributors, suggesting genuine technological development rather than a marketing-focused project.

Token Distribution and Governance

The TLOS token serves as the native currency of the network, used for resource allocation, governance participation, and network security through staking. The initial distribution included no pre-mine for founders, with tokens being distributed through a fair launch mechanism. The project maintains transparent tokenomics with clear allocation purposes.

Revenue Model Analysis

The platform generates value through network usage fees for complex operations while maintaining free basic transactions. This model aligns with Islamic principles as it represents fair exchange of value and services without relying on interest-based mechanisms.

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