Telos attracted me initially was that it had the ethos most closely aligned to early crypto, yet, performant technology.. the community has worked to maintain and improve the tokenomics so that we avoided large unlocks, high emissions and centralization..
Extremely rare these days.
A few things on the horizon for telos to keep an eye out for.
Snarktor POC: snarktor will allow for ingestion zk proofs from telos or other feeds and create scalability, efficiency etc.
Tekika quests: creating activity within telos.
Hardware accel zkevm performance benchmarking.
Additional purchases from the https://t.co/LMsADEjiF3 account have been completed, totalling another 8.3M+ $EOS going towards $RAM purchases ๐พ
This milestone come during a time of major evolution for the #EOS network ๐
Learn more below ๐งต๐
Later this week, we'll be chatting with @UplandMe, the leading GameFi project on #EOS ๐ฎ
Get caught up on the latest news, including:
๐ฅณ Genesis Week Recap
๐ค @TheSandboxGame Partnership
๐๏ธ Neighbourhood Bundles
โ More
๐ Set a Reminder ๐
https://t.co/PUfyGs1mQV
Weโre excited to announce the first in a series of $CHEX token buybacks to bolster Chintaiโs treasury in preparation for the coming months.
$CHEX is an actual utility token essential for network operations. Since all tokens are in circulation, we canโt simply distribute millions to market makers, clients, or partners. To increase our holdings, we need to buy them from the open market.
Increasing the company $CHEX holdings is crucial for several reason; including liquidity provision and meeting institutional demand from our clients and partners.
The next few months are exciting for us as we launch staking, announce significant client issuances, and unveil major partnerships. This is the first in a series of buybacks, and we will continue purchasing more tokens over the coming weeks and months.
It's time for $TLOS to position itself alongside $BTC as one of the highest quality currencies in the world. This requires drastic move away from the hyper inflationary tokenomics most projects and fiat currencies suffer from and a move towards fundamentals.
As a community we have long been discussing this path forward for #TLOS. This is what we have come up with.
The Telos Token Sustainability and Deflationary Plan
The TLDR:
-Overarching goal is to over time reduce inflation to 0% and below
- If approved - Telos begins a near โhalveningโ to inflation from 9.26% to 5.39%
- Further Milestone based reductions reduce total Inflation down to 2%
- Effective inflation for stakers would go from ~6% today to 0.43% once milestones are hit.
- Increasing activity would see Telos as a deflationary asset
- New Tokenomic plan reduces outflows to TF, Validators and Staking Rewards
- The proposal utilizes a mix of price and time based milestones for these reductions, ensuring the network always has the funding it requres
- Staking rewards remain competetive with a reduction from around 8% to 4%+ over 6 months.
Medium Article: https://t.co/wmb7l77Z55
Lets vote for a better future ๐https://t.co/ejOieXWNuB
Regarding the comments on EOS, many people will be outraged, agreeing. In response, many people are writing new stories, leading the revival of $EOS. w.@EOSNetworkFDN
What Happens When Every Client Casually Drops a Cool $1 Billion And Your Queue Looks Like the Hottest Club Line on a Saturday Night.... ๐๐ฐ The $CHEX effect!
#RWAPower
$SOL $ETH $BNB $BASE
@TBob53 This is same AG now governor who speaks endlessly about defending 1st amendment rights proposing college athletes be stripped of their scholarships for exercising their 1st amendment rights. This is not the 1st time this individual has gone after people for exercising free speech