Introduction
In the world of crypto, we have a category of projects that focus on smart contracts. The core of what they accomplish is to allow building projects with the following elements:
- DAPPS that interact with the blockchain layer.
- Create a token.
- Bring value to increase the value of their token.
The revolution is to build a solution or an idea with an economic layer. Many agree that we are toward the path of the internet 3.0.
What is Telos?
It is a blockchain that wants to compete with platforms like:
- EOS
- Ethereum
- TRON
Those platforms have problems, but they are on the top of CoinMarketCap. Telos addressed these problems and added more features over the sundae.
The technologies that add value over their competition are:
- Decide: Build an autonomous organization.
- Telos DEX: Anyone can create a token and trade it on the DEX.
- DSTOR: Have their own IPFS network integrated.
- Smart Contracts: Use the technology of EOSIO.
In simple English, Telos is a smart contracts platform in a DPOS ecosystem. You can build a DAPP and access all the features of their environment.
Example of a DAPP
Angry Warlord: a game I installed a few weeks ago where a warrior controls a rhinoceros. You need to progress through the different levels and avoid obstacles along the way.
This was my introduction to the Telos infrastructure with the wallet SQRL where is free to create an account. A desktop interface that allows you to interact with the assets of Telos.
You can track all the DAPPS of Telos on this DAPPS repository.
Telos funding opportunity
Do you love this blockchain and have an idea to strengthen it?. You can submit a work proposal and if the stakeholders love it.
They will approve it, and you can work on your project.
Maybe you look for a place to build your startup or DAPP. You applied with a form and hope to receive the funding you need for the success of your project.
Telos staking
If you like and enjoy a passive income stream, you have an option to stake the token. I believe around 15% is a good income opportunity when you consider the potential of this technology.
You can track and access the interest calculator of Telos: link
Last word
This project comes to my attention only last week, and I dug deeper to understand the potential of this ecosystem. Even if the DAPPS ecosystem does not have big hits so far.
The exclusive features and staking interest level can help TELOS to increase in value and claim the rank.
Now you need to decide if it is something you might find interesting. Go check the following website links and do your research before embracing this technology.
- Telos foundation: https://www.telosfoundation.io/
- Telos: https://telosnetwork.io/
- DAPPS explorer: https://explore.telos.net/
You can check other cools articles:
- LoanScan – The Ultimate DeFi Scanner to Save Your Time
- Two Websites to Track the Value of Blockchains and DAPPS
- Crypto.com – Another Opportunity to Make Interests with your Crypto
- Blocknet is a DEX with Decentralization in Mind
- 5 Crypto Monitoring Sites to Stay on TOP of This Space
Chesatochi.com–For the love of crypto and coffee.
PS: I am not a financial adviser, and this is only my opinion. Always do your own research before embracing investment in the crypto space.