Today KuCoin hosted an AMA session with Telos' Justin Giudici and Lliam Buckley to introduce the wider KuCoin community to the up-and-coming token. The session featured an incentive of 11,900 TLOS coins and covered topics from the Telos Ethereum Virtual Machine to the importance of ESG initiatives relative to the future of investing as well as gave attendees a quick tour of the Telos ecosystem.
Telos claims to be the "Greenest Blockchain" and "Real World Ready" as they put the finishing touches on the EVM which allows Telos, originally built on eosio, cross-chain ability and presence. Ethereum network veterans will be interested in the low-cost, fixed gas fees on the Telos network while Polygon users will enjoy Telos' 440% speed advantage. When they say "Real World Ready" they are describing a network capable of more than 10,000 transactions per second. They have also eliminated front-running, an issues we'll explore later in this on-going look at the Telos network.
Over the last few months we have witnessed Elon Musk publicly come to the realization that Bitcoin uses entirely too much energy. Telos, on the other hand, uses less energy than Polygon which uses less energy than most everyone else, including the VISA network. And while carbon neutrality is an active goal of the Telos community, Douglas Horn, the author of the Telos whitepaper, wants to go further, "Carbon neutral isn't enough anymore. My goal for Telos is 110% Carbon Negative (buying 10% more CO2 offsets than we produce) via a chain-voted proposal that purchases credits from a well-sourced and tested carbon credit seller, ideally one connected to the Telos chain in some way." He continued, "I want to make that the standard in the industry. It's necessary because undercounting is rampant (our reporting rates and depth lead the industry , I believe), few address past production at all (we will need to), and so many participants simply ignore addressing their CO2 impacts at all. Eventually, 110% Carbon Negative is likely too low, but as a starting point for moving beyond so-called Carbon Neutral as a standard, it's good."
In order to build the EVM, Telos faced a challenge in that they needed to raise money but they did not want to dilute TLOS in the process. Instead, they issued NFTs which function like bonds, T-bonds. The fundraising round was successful enough to establish two years worth of liquidity on Uniswap. The project is considering more rounds of T-bonds to offer further opportunities to investors but also to protect shareholder value for those already holding tokens.
The AMA made mention of some of the companies already working with apps on the Telos network and the list includes Microsoft, Siemens, and Cisco. Telos has Telos Decide nearing release. Telos Decide features a mobile app designed to make voting easier for members of the Telos network as self-governance is key. That belief leads into the Environmental, Social, and Governance (ESG) initiatives central to the network's mission. To avoid covering ground we've previously covered in this series a primer on ESG investing and why it is critical to the future is available on Investopedia.
Telos continues to move forward developing its network. Token holders can take advantage by staking their TLOS to the Telos Resource Exchange and lending their tokens to developers. The current APR is around 15% with telos.staker.one providing more up-to-the-minute details.
