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Telos
About Telos
Telos (TLOS) is a third-generation blockchain platform, launched in December 2018, designed for fast and scalable distributed applications. It's renowned for its governance features enhancing collaborative decision-making. TLOS, the platform's token, functions as both utility and governance token. Holding TLOS equates to a stake in the network’s computing power and influence over its governance. The Telos team includes CEO Lee Erswell, COO George Vernon, CMO Peter Nguyen, and Business Development Manager AJ Dinger, each contributing to the network's strategic, operational, marketing, and business development aspects.
Telos is a blockchain platform positioned as a third-generation solution, focusing on creating distributed applications that are both fast and scalable. It was introduced in December 2018 with the intent to support the development of future economies and address various global issues. The platform is noted for its governance features, which are designed to facilitate more collaborative and transparent decision-making processes within organizations.
TLOS serves as both a utility and a governance token within the Telos network. As a utility token, it represents a stake in the network’s computing power; owning 1% of TLOS equates to the right to utilize 1% of the network's capability. In terms of governance, TLOS holders can influence the network's direction, including changes in governance, the selection of block producers, and the approval of work proposals. This token empowers users to have a say in the network's development and operations.