Increase Liquidity with Innovative DeFi Solutions
For any enterprise, liquidity is the key to success. Remain cashed up and the doors will stay open. Let the cash run out and so too will the lights.
The Telos community believes that exchange listings are the key to liquidity and the financial success of their public blockchain. Unfortunately, the community did not have the funds necessary to meet the expensive exchange listing fees. Undeterred, this determined and decentralised community set about to make the listings happen.
They first formulated a plan to raise funds. It would need to be innovative and it would need to be appealing to investors.
Next they would build the infrastructure required to make to make the initial fundraising a success and build upon this thereafter.
And they did it. They created their own DeFi fundraising solution. It would take the form of non-fungible tokens (NFT) and they would be called…
T-Bond NFTs would represent a future entitlement to TLOS tokens, purchased at a discount to the current market price. Quite simple really. However, for a decentralised community to devise and execute such a plan – pure genius!
In order to bring T-Bonds to life, the determined developers of the Telos community would need to build a Bitcoin Peg Token, a secure NFT blockchain core and an entire NFT marketplace. Wallet infrastructure also needed to be updated to accommodate the bonds and then the entire system needed to be audited. In conjunction, designers and marketers would need to do their part to ensure investors would be aware of the opportunity when it arose.
The broader cryptocurrency market had not been blind to the fervor at Telos. In fact, in the 8 weeks leading up to the T-bond sale – the TLOS token price would rise 400%.
Well the day arrived – January 25. And the T-Bonds would sell like hotcakes!
All denominations and all lock-up periods – SOLD, SOLD, SOLD!
It was noted that the big discount, 2 year lockups bonds were one of the most popular NFTs. A signal that the market believes that Telos is here for the long term.
In the first 36 hours of the sale, the community is said to have raised over 3 BTC, more than $US100,000 – a fantastic result! However, this was just the first step toward sustained liquidy.
The BTC from the T-Bonds sale will be used to arrange an Uniswap listing at Ethereum. Telos will look to tap into this $150 Billion Ethereum ERC-20 marketplace for future T-Bond issuances.
In addition, Telos will soon launch its Ethereum Virtual Machine (EVM), enabling the Telos blockchain to do everything Ethereum can do – only much faster and at a much lower cost. EVM would provide Telos with addition income as dApp developers seek to reduce costs within the Ethereum network.
Remaining funds from the T-Bond sales would be used to list Telos on other smaller cryptocurrency exchanges. And future sales – well these will be directed towards listings on large exchanges.
Telos has now become an exciting ecosystem of opportunity and development. With more and more decentralized applications joining weekly, along with new investors, speculators and developers.
The community recently published a roadmap for some of their innovative new technical releases, which includes:
- dStor – decentralised cloud based document storage. (Q1 – 2021)
- Telos Private – a bridge between exchanges and Telos, for people who prefer to keep their business and personal matters private. (Q3 – 2021)
- Telos ID – a secure, blockchain based, personal identification system to assist businesses meet their KYC needs etc. (Q3 – 2021)
- Telos Location (Q3 – 2021) – allows proof-of-location using the Telos blockchain, while paying users to do “location mining” for the system.
Link to the Telos Roadmap here.
Congratulations to all involved in Telos, on the hugely successful T-Bond sale. The future is indeed looking bright for this community of innovative and thrifty blockchain pioneers. Be sure to watch them closely.
Finally and it would be remiss of me not to mention one of the most exciting Telos developments – which is, without a doubt, our very own Daily Telos, Blockchain Diaries. And there has never been a better time to start recording your legacy, forever enshrined within the blockchain, right here at Goldsmith Money – Daily Telos.
Please note that the author does hold tokens in Telos and did not participate in the T-Bond sale.