Telos ICO (TLOS)
A sustainably decentralized EOSIO network
for the Telos network. Its function will be to pay for projects that are not selected for worker proposals or that cannot yet be funded due to inadequate funds. (Particularly early in the life of the network.) The Telos Foundation may apply for worker proposal funds to reimburse funds dispersed as the goal is to create an ongoing fund that is not depleted. It will also seek to stabilize RAM prices by regularly publishing a guidance price and buying below that price, selling above it, and offering RAM for sale or lease to bona fide developers seeking to develop on the network. The Telos Foundation is a decentralized organization that votes on its own issues via smart contract. It
does not serve or seek any official governance position and will remain neutral on block producer
candidates and proposals. Addresses owned by the Telos Foundation will never vote."
(https://telosfoundation.io)
Telos Use of Token
We are not selling any TLOS tokens. We will use the Eos Snapshot with the following changes: 1) Capping all addresses at 40,000; 2) Creating a process for exchange addresses to petition the BPs to create TLOS tokens for their EOS snapshot owners by listing and distributing TLOS tokens (up to 40,000 per account holder); 3) Providing new public keys to EOS token holders who can prove that their tokens were stolen or misregistered; 4) Adding 6M new tokens to form a Telos Founders Reward Pool, 1M new tokens to form a Telos Community Rewards Pool, and 6M TLOS tokens to the Telos Foundation Ltd, to support network needs that cannot otherwise be funded. These tokens currently have no value and will only gain value if the Launch Group and Telos Foundation can create a valuable network. The Telos Foundation pledges to never vote its tokens.
Organization
The Telos Foundation
Platform
EOSIO
Coin type
Security
Category
Technology
Max supply
331,753,222 TLOS
Telos Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
- Airdrop
- 17 October, 2019
- Claim