Disclaimer: The information provided in this report is based on data available as of August 10, 2024. Due to the dynamic nature of the cryptocurrency market, please note that some information might become outdated over time.

Telos (TLOS) Research Report

Project Introduction and Brief Summary

Telos is a high-performance blockchain platform designed for speed, scalability, and ease of use. Built as an EOSIO fork, Telos aims to improve upon the original EOS design with faster transaction speeds, lower fees, and more democratic governance. The platform’s focus on real-world adoption drives its development, with a particular emphasis on decentralized applications (dApps) and decentralized finance (DeFi) projects.

Project Release Date & Token Release Date

• Project Release Date: December 2018
• Token Release Date: December 2018

Market Data

• Market Capitalization: $50,721,430 (as of August 10, 2024)
• Current Price: $0.1325 (as of August 10, 2024)
• Exchanges:
  • KuCoin
  • Gate.io
  • MEXC
  • Bittrex
  • Huobi Global

Competitors

• EOS (EOS): The original EOS blockchain, from which Telos forked. It shares similar technology but differs in governance and community focus.
• WAX (WAXP): A purpose-built blockchain for gaming and NFTs, known for its high transaction throughput and low fees.
• Ultra (UOS): A blockchain platform targeting the gaming industry, offering features like game distribution, in-game asset ownership, and live streaming.
• Proton (XPR): A blockchain platform focused on providing secure and user-friendly identity and payment solutions.

Use Cases

Telos supports a wide range of use cases, including:

• Decentralized Finance (DeFi): The platform hosts various DeFi projects, offering decentralized exchanges, lending and borrowing platforms, yield farming opportunities, and more.
• Gaming: Telos’ high-performance capabilities make it suitable for blockchain-based games, enabling fast and seamless in-game transactions and asset ownership.
• NFTs: The platform supports the creation, trading, and management of non-fungible tokens (NFTs), facilitating digital art, collectibles, and other unique assets.
• Social Media: Telos aims to provide a decentralized alternative to traditional social media platforms, emphasizing user control, data privacy, and censorship resistance.
• Supply Chain Management: Telos can be used to track and verify products throughout the supply chain, enhancing transparency and accountability.

Technology

• EOSIO Fork: Telos is built on an EOSIO fork, inheriting its core technology while implementing improvements in speed, scalability, and governance.
• Delegated Proof of Stake (DPoS): Telos employs a DPoS consensus mechanism where token holders vote for block producers to validate transactions and secure the network.
• High Performance: The platform boasts fast transaction speeds and high throughput, making it suitable for handling large-scale dApps and user bases.
• Low Fees: Telos aims to keep transaction fees low, enhancing accessibility and affordability for users.

Smart Contracts and Audits

Telos supports smart contracts, enabling the creation of complex and automated agreements on the blockchain. The platform encourages third-party audits to ensure the security and reliability of smart contracts deployed on its network. While a comprehensive list of audits is not readily available, individual projects often provide audit reports on their websites or documentation.

Investors or Partners

• DappRadar: Telos has partnered with DappRadar, a leading dApp data and analytics platform, to provide insights into dApp activity on the Telos network.
• Taikai: Telos has collaborated with Taikai, a decentralized hackathon and innovation platform, to host hackathons and foster development on the Telos blockchain.

Recent news reports (within the last 90 days) highlighting investor or partner activities related to Telos could not be identified during this research.

Presale/ICO/Seed Rounds

Telos did not conduct a traditional Initial Coin Offering (ICO). The TLOS tokens were initially distributed through an airdrop to EOS holders and a claim process for those who missed the airdrop.

Token Distribution

• Circulating Supply: 382,847,361 TLOS
• Total Supply: 452,552,449 TLOS

A detailed breakdown of the initial token distribution percentages and vesting schedule is not readily available from official sources.

Token Economics and Use Cases

• Transaction Fees: TLOS is used to pay for transaction fees on the network, incentivizing users to hold and utilize the token.
• Staking: TLOS holders can stake their tokens to vote for block producers and earn rewards for securing the network.
• Governance: TLOS is used for on-chain governance, allowing token holders to participate in decision-making regarding network upgrades, protocol changes, and resource allocation.
• dApp Resource Allocation: TLOS is used to acquire and manage resources required to run dApps on the Telos network, such as CPU, RAM, and network bandwidth.

Roadmap

Telos maintains a dynamic roadmap that evolves based on community feedback and development priorities. While a comprehensive list of past milestones and future plans is not readily available, some key areas of focus include:

• DeFi Expansion: The platform aims to attract and support more DeFi projects, fostering a vibrant ecosystem of decentralized financial services.
• EVM Compatibility: Telos is working on implementing Ethereum Virtual Machine (EVM) compatibility, enabling the seamless migration of Ethereum-based dApps to the Telos network.
• NFT Infrastructure: The platform plans to enhance its NFT infrastructure, providing tools and features for creators, collectors, and marketplaces.
• Cross-chain Interoperability: Telos aims to establish bridges and connections with other blockchains, facilitating the transfer of assets and data across different networks.

Team Members

• Douglas Horn: Chief Architect, Telos Core Developers (LinkedIn Profile not found)
• Justin Giudici: CEO, Telos Foundation (LinkedIn Profile not found)
• Kersten Wirth: Managing Director, Telos Foundation (LinkedIn Profile not found)

Additional team members and their roles can be found on the Telos website, but LinkedIn profiles for many team members were not readily available.

References

• Telos Website: https://www.telos.net/
• Telos Foundation: https://www.TelosFoundation.io/
• Telos Blockchain at Berkeley: https://blockchain.berkeley.edu/
• Telos Whitepaper: https://www.telos.net/

Note: Information regarding token distribution percentages, vesting schedules, recent investor/partner activities, and detailed roadmap milestones could not be fully ascertained from official sources during this research. Further investigation or direct communication with the Telos team might be necessary to obtain this information.