Telos ICO (TLOS)

A sustainably decentralized EOSIO network

"The Telos Foundation is a promotional arm of the Telos Network. Prior to the Telos mainnet launch, the Telos foundation will organize technical, informational, and marketing efforts to advance the Telos network. The Telos Foundation will manage the Telos genesis file subject to validation of the ABPs. Immediately upon the mainnet launch, the Telos Foundation will cede its authority to the ABPs to be governed by the Telos Constitution and voting rules. After mainnet launch the Telos Foundation will function as an independent promotion and funding body
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

Telos Team Members

  • Douglas Horn
    Douglas Horn Core Developer & White Paper Author