We’re excited to announce a significant update in the Telos Foundation’s communication journey. As part of our ongoing efforts to enhance our community’s experience, we’re transitioning our blog from Medium to our newly updated website: https://www.telos.net/blog. This move marks a pivotal step in our mission to provide more integrated and accessible content about the Telos Network.

Why We’re Moving

Our new website’s blog section is designed to offer a more cohesive and immersive experience. By hosting our content directly on the Telos site, we’re streamlining access to information, ensuring our community can easily find the latest news, insights, and updates about the Telos Network in one central location.

What to Expect

Our new blog will be the primary source for all future content related to the Telos Foundation. Expect to see in-depth articles, insightful updates, and exciting announcements that keep you informed and engaged with the Telos ecosystem.

Staying Updated

To ensure you never miss out on the latest from Telos, we encourage you to sign up for our mailing list. By subscribing, you’ll receive notifications about new articles and important updates directly in your inbox.

Join Our Mailing List

Stay ahead in the world of blockchain and be the first to know about what’s happening at Telos. Sign up for our mailing list today and become part of a community that’s shaping the future of decentralized technology.

👉 Subscribe here and stay connected with the latest from Telos!

We’re thrilled to embark on this new phase of our journey and look forward to sharing valuable content with our dedicated community on our own platform. Thank you for your continued support and engagement!

The Telos Foundation is evolving and as a part of that, undergoing a leadership transition, with Lee Erswell voted in as the new CEO. This move is in line with the Foundation’s focus on continuous innovation, sustainable growth, and community involvement, as initiated by former CEO Justin Giudici.

During his tenure, Justin effectively navigated industry challenges and shaped the organization’s trajectory and will continue to stay on leading investor relations and core strategy. The leadership handover to Lee Erswell signifies a sustained effort in the next stage of Telos’ evolution, introducing fresh ideas and renewed energy.

Lee Erswell: Background and Vision

Lee Erswell brings a varied background in the blockchain and DeFi sectors to his new role at Telos. His experience includes significant contributions at Swapsicle and a deep understanding of community engagement in the Web3 space. His journey in blockchain spans more than six years, encompassing roles in investment, education, advising, and leadership. This breadth of experience contributes to his collaborative and ethical leadership approach.

Views from Telos Leadership

Justin Giudici: “The last two (plus) years have been an exhilarating ride and the team has always found ways to pull through despite incredibly tough challenges for both Telos and the industry. It’s been a rewarding and yet also a tiring journey — definitely a marathon that requires new blood and change along the way! With that, I’m incredibly excited to hand the CEO baton to Lee who will bring a great new energy to the position. Lee has strong leadership qualities, and incredible energy so I know he will be able to help the network navigate in what will be a significant growth period as we move into a new adoption wave; I’m eager to support Lee and Telos in this new chapter.”

George Vernon: “From collaborating on the launch of Swapsicle on Telos at the beginning of 2023, to working with Lee on forming the future vision of Telos — it was clear to me that he has the leadership, energy and web3 knowledge that is needed to elevate Telos many steps forward so that we start competing and collaborating with the largest names in blockchain and enterprise. Lee joining Telos signifies a new era for Telos and a graduation from the chapter we have been in. To say I’m fired up is an understatement. Let’s go!”

J.T Buice: “It is my privilege to join my esteemed colleagues in welcoming Lee Erswell as our new CEO; it is evident to me that Lee’s arrival marks the beginning of an exciting new chapter in our story. Lee’s deep involvement in the ecosystem coupled with his insights as a Telos Guardian have been nothing short of inspiring, fostering confidence in the direction Telos is headed now under his stewardship. As we navigate the intricate landscape of Web3 and embrace the next wave of adoption, Lee’s leadership signifies not just a transition but a transformation — a step into a realm of greater possibilities and achievements for Telos.”

Impact on the Telos Community

The Telos ecosystem is evolving across three foundational pillars: Technology, Utility and User Experience, under the leadership of Lee Erswell. Here’s how these pillars are being strengthened:

Technology:

• Developers: Lee is committed to enhancing the technological environment for DApp development, making Telos a more attractive platform for builders. This involves providing developers with advanced tools and resources to ensure success.
• Securing the Network: Lee will provide critical oversight into infrastructure development aimed at supporting the demands of the future through ultimate scalability and privacy through enabling novel ZK technology on Telos.

Utility:

• General Users: Telos aims to turn $TLOS into an Ultra Active Asset by providing robust and increasing utility for the TLOS token through the evolution of the upcoming Telos Roadmap. Our goal is to ensure interactions within the ecosystem are secure, efficient, and rewarding. This includes the development of creative financial solutions and a focus on platform efficiency and security.
• Stakeholders: The strategic growth plans aim to improve the utility of Telos for stakeholders, ensuring its long-term success and sustainability. This includes a commitment to real token utility and value enhancement.

User Experience:

• General Users: The focus is on improving the overall user experience by making every interaction within Telos more rewarding and efficient. This involves providing the necessary tooling, unified user experience, speed, costs and finality to achieve a user experience necessary for onboarding and engaging all levels of user.
• Ecosystem: Lee’s leadership aims to create a more vibrant and user-friendly ecosystem. This includes the continued integration of Gaming and NFTs into the Telos ecosystem, fostering an environment that encourages imagination and engagement.

Lee’s Message to Telos Stakeholders:

“Watch this space! I’m thrilled to lead Telos into a future of growth, development, and vibrant community engagement. The journey ahead promises to be nothing short of exciting. In 2024, we have big plans and even bigger ambitions for Telos. Together, we will harness the power of technology, community, and innovation to unlock new possibilities and shape the future of blockchain.

I invite you to join us on this remarkable journey. Whether you’re a longstanding member of the Telos community or exploring the potential of our blockchain for the first time, know that we are committed to excellence, transparency, and continuous progress. The year 2024 is poised to be a transformative one for Telos, and I can’t wait to see what we can achieve together.

Thank you for your trust and support. Stay tuned for what’s to come because the future of Telos is brighter than ever!”

Conclusion

As Lee Erswell takes the helm, the Telos Foundation is poised to enter a new era of excellence and innovation. His expertise in the blockchain landscape, combined with a commitment to community and technological advancements, aligns strongly with Telos’ vision.

The Telos Foundation invites the community and stakeholders to be part of our evolution. With Lee’s guidance, Telos aims to redefine the scope of blockchain technology and make decentralized finance more accessible and transformative.

What’s New on Telos

A Word From the TCD’s Head of ZK Technologies — Alberto Garoffolo

In October, we successfully enhanced the design of our cutting-edge protocol, paving the way for highly scalable Zero Knowledge transactions. In particular, during this month we delved deeper into the remaining open aspects of the protocol, testing the proposed solutions against a variety of attack scenarios and continuously refining the design to ensure high robustness. The upcoming phase will primarily revolve around crafting the white paper and benchmarking cryptographic primitives and prototypes to gather essential data for the forthcoming implementation.

Furthermore, our efforts extended to shaping a fresh roadmap, which encompasses significant innovations, notably the introduction of large-scale Zero Knowledge-enabled transactions, as well as a host of other exciting features that will be unveiled shortly.

A Word From the TCD’s Head of Engineering — Jesse Schulman

In October we focused a lot on features and improvements to the Telos Wallet as well as Teloscan. The new LayerZero bridge was a primary focus, with the backend team ensuring the new 1.5 beta endpoints were supporting the needs of the bridge as well as the frontend team putting Telos branding on the frontend which is now available at https://bridge.telos.net.

Progress continues on the final 1.5 release of the EVM, final fixes are being integrated into a single release which will be tested thoroughly before release. Also being worked on is the Teloscan API which will be key in supporting all the features that the Teloscan 2.0 upgrade will provide.

Very excited to close the year out with much of our hard work being finally released, and even more excited about the LayerZero bridge being live and connecting TelosEVM to over 30 other chains! Lots of new opportunities are already showing up because of this enhanced interoperability.

Telos Integrations —

DeFi

LayerZero

Website: https://layerzero.network/

LayerZero is an omnichain interoperability protocol designed for messaging and cross-chain composability.

Algebra

Website: https://algebra.finance/

Algebra is a protocol providing concentrated liquidity solutions for DEXs, enhancing capital efficiency and user convenience. It has been integrated into various DEXs across different chains including Swapsicle on Telos.

Covalent

Website: https://www.covalenthq.com/about/

Founded by serial entrepreneurs and data engineers, Covalent offers comprehensive data infrastructure for the blockchain ecosystem. It indexes 199 chains and is used by over 5,000 projects.

HYDN

Website: https://hydnsec.com/

HYDN, since its inception in 2021, has been at the forefront of securing the blockchain through comprehensive Smart Contract Audits, Web3 Penetration Testing, and real-time fraud prevention solutions.

Chainspect

Website: https://chainspect.app/

Chainspect provides up-to-date metrics for multiple chains including Telos Network.

Macaw

Website: https://www.macaw.club/

Macaw is a decentralized betting platform reinventing casino experiences. Powered by smart contracts, Macaw promises transparency & fairness. Players relish in automated, accurate payouts & game integrity, all blockchain-backed.

NFT

Omnisea

Website: https://omnisea.org

Omnisea is the first permissionless and no-code omnichian NFT Launchpad & Bridge powered by LayerZero.

Gaming

LandBox

Website: https://landboxgame.com/

LandBox is a free-to-play open-world game that offers a diverse and engaging gaming experience. The game allows players to explore, build, and connect with others in a rich virtual world.

Kiraverse

Website: https://kiraverse.game/

KIRAVΞRSΞ is an online multiplayer game created in Unreal Engine 5 for gamers across the globe to play, compete, and earn achievements to unlock or rent characters, skins, weapons, and more!

Network Performance

As part of an ongoing effort to provide more visibility into network statistics, the TCD has begun tracking key metrics. This will enable us to identify potential trends on-chain. More metrics will be added over time.

TCD October Development Updates

Executive Summary

October’s development by the Telos Core Developer (TCD) team saw considerable advancements across multiple projects. Key areas of focus included the Telos Wallet, Telos EVM RPC, Open Block Explorer, and the Token List. The team’s priority remained on enhancing user experience and performance, alongside ensuring compatibility and stability across their platforms.

Key Development Updates

Telos Wallet Updates

• Adjusted analytics for bounce rate, improved Single Page Application (SPA) mode for better user interaction tracking.
• Fixed currency input issues and enhanced performance on Apple devices.
• Updated PostCSS version to boost performance and compatibility.

Telos EVM RPC and Contract Updates

• Transformed SessionKit transact functionality into core signing features.
• Introduced nonce retry logic and defined a root directory for a flat distribution structure.
• Added configuration for reordering transactions by nonce.
• Replaced precompiles with new intrinsics for enhanced compatibility.
• Integrated compatibility with CDT 4.0.

Open Block Explorer Enhancements

• Updated software dependencies, corrected textual content, improved the landing page, and released a new version.
• Focused on UI improvements, like increasing row height for memos and adding local storage as fallback.

Token List and Teloscan Improvements

• Updated the tokens.telos.json file with LayerZero tokens.
• Teloscan received updates to the PostCSS library, along with added WalletConnect and Telos Cloud Wallet support.

Current Telos Core Developer Team Priorities

• EVM 1.5 (RPC, Translator and EVM Contract)
• Telos-Bridge Improvements including Testnet Support, OFT Support, and OFTNative Testnet for TLOS
• TELOS ZERO
• EVM Web Wallet
• UI/UX improvements
• EVM 2.0
• Governance Change backlog

Conclusion

This month showcased the TCD team’s commitment to refining and expanding the Telos ecosystem, with a strong focus on user experience and system robustness. The continuous updates across different repositories reflect our dedication to maintaining and improving the functionality and security of Telos Network.

To explore repos being actively worked on, maintained or being explored by the TCD visit: https://github.com/telosnetwork

TCD Developer Spotlight

Getting to Know Nathan — TCD’s Technical Onboarding Specialist

Intro:

Nathan Hennigh’s journey in the tech world began with a youthful curiosity for computers and a knack for programming, leading to some memorable pranks and a deep dive into computer science during his high school and college years. Passionate about harnessing the power of blockchain to address social injustices, particularly in East Africa, Nathan is currently involved in supporting Kenyan developers through education and hackathons. Outside of his professional pursuits, Nathan is an avid coffee enthusiast, outdoor adventurer, and a social butterfly, always keen on spending quality time with friends.

Work History and Experience:

Can you share a brief overview of your journey as a developer? How did you get started in this field?

I’ve always been interested in computers, from a young age I was my family’s tech support. In junior high, I started to learn more about programming and began to prank my friends with batch files that would freeze their computers. Because of those pranks, I accidentally froze two of the school’s servers and got in a lot of trouble. From there I studied computer science in high school and built games and websites. After high school I did a six month intensive bootcamp in C before going to college and minoring in Computer Science.

How do you stay up-to-date with the latest development trends in Web3?

Mostly through X, following prominent leaders in the space and joining X spaces. I also use youtube occasionally.

Life and Inspirations:

What motivated you to start working in blockchain?

Growing up in East Africa, I saw a lot of injustices and people being taken advantage of. Extortion, loan sharking, and bribing to name a few. I saw the huge potential impact that blockchain could have there. To cut through misuse and corruption and truly help people. This got me very interested in digital identities and the application of banking the unbanked. Having better, clearer ways to transact with transparency and giving people access to a global financial system would truly be revolutionary.

What are your hobbies?

I’m a big coffee nerd. I love spending time making coffee for my friends and trying to impress them with my latte art. I love being outside, hiking, camping, and being active. I have been trying to get back into pottery since I sold my wheel last year, (which was a bummer), but most of the time I just like being social and spending time with my friends.

Current Projects:

Currently, what project or task are you most excited about working on, and why?

I’m super excited to have the opportunity to support builders back in Kenya, which is still a home to me. Being able to spur on blockchain education through hackathons and 1:1 support has been a dream for me. Like I said earlier, blockchain has such transformative power there, and I’m just happy to be a small part of it!

Could you provide insight into the technologies and tools you’re using for your current projects ?

Most of my work is in developer relations, so not currently building any projects, though I hope to in the future. On the tech side I’ve been mainly helping people debug, get Telos configured correctly, and troubleshoot issues they may be having.

Additional Info & Socials:

Where can the community connect with you online?

Telegram: https://t.me/nathanhennigh

Linkedin: https://www.linkedin.com/in/nathan-hennigh/

About Telos Foundation:

Telos Network was launched in 2018 and is known for its impeccable five-year record of zero downtime. Home to the tEVM, (a high-speed Ethereum Virtual Machine) launched in 2021, Telos has repeatedly demonstrated its commitment to advancing blockchain technology. Now evolving into a Layer 0 network, Telos prioritizes scalability, security, and decentralization, supporting over 15,200 transactions per second with minimal fees. The growing Telos ecosystem includes over 1.2 million accounts, hundreds of partners, and numerous dApps. Telos is contributing significantly to the transition towards Web 3.0 and decentralized solutions.

Teloscan API: The Easy Way to Interact with On-Chain Data

In an era where digital information is paramount, having direct access to on-chain data swiftly and efficiently is crucial. Enter the Teloscan API, a useful tool introduced by the Telos Core Developers, designed to enhance the way both developers and users interact with on-chain information.

Key Features of the Teloscan API:

• Swagger Integration: Swagger’s integration facilitates seamless API documentation within a unified interface. Developers can effortlessly navigate and comprehend the array of API routes available.
• Rapid Data Retrieval: Whether it’s data linked to specific ETH or EVM addresses, NFT interactions, or transaction histories, the Teloscan API offers lightning-fast access. Its capability surpasses traditional RPC methods, delivering richer and more comprehensive data.
• NFT Insights: Delving deep into the world of non-fungible tokens, the Teloscan API gives a panoramic view of both ERC-721 and ERC-1155 NFT interactions tied to specific addresses.
• Health Monitoring: Ensuring peak performance, the Teloscan API’s health can be continuously monitored. Alerts are promptly initiated when excessive lag is detected, ensuring optimal data accuracy and retrieval speed.
• Cost-Effective Usage: Taking pride in its commitment to the community, the Teloscan API remains free. However, to maintain efficiency and performance, charges may be introduced during high traffic times.
• Simplified Coding: For the developer community, the automatic CURL request creation becomes an invaluable feature, streamlining coding tasks.
• Flexible Data Access: Whether through GET, viewed directly in a browser, or POST, where data is sent to the server, accessibility is never compromised. The inclusion of a Linux Terminal Utility further enriches data interaction and presentation using JQ.
• Utility Functions and Projections: From facilitating NFT aggregators to handling massive database volumes (up to 30–40 gigabytes), the Teloscan API is prepared. It’s geared up for the surge in demand, especially with forthcoming zero-knowledge features and the resurgence of DeFi on Telos Network.

Why Teloscan API Stands Out:

Having been operational for over a year, the Teloscan API not only matches industry counterparts but potentially overshadows them with its more robust feature set.

Relevance Breakdown:

• For Developers: The Teloscan API is a valuable tool that developers can use to gather useful information on the blockchain.
• For Users: Beyond just using services, users gain a vantage point into their on-chain activities. From understanding transaction histories to gauging NFT interactions, it’s not just about data; it’s about insights.

In conclusion, the Teloscan API embodies the confluence of speed, efficiency, and comprehensiveness. As Telos Network continues to innovate, the Teloscan API stands as a testament to our commitment to both developers and general users, ensuring they remain at the forefront of blockchain evolution.

Interested in trying out the Teloscan API yourself?

Visit: Api.teloscan.io

About The Telos Foundation

As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

Greetings, Telos community!

As the curtains draw on an exhilarating Q3 2023, it’s time to reflect on the monumental strides we’ve made. Here’s a detailed look at our key milestones and achievements.

🔑 Major Highlights:

• 🌐 Introducing the Telos Cloud Wallet: This quarter, we unveiled the Telos Cloud Wallet powered by AIKON’s ORE ID. This transformative cloud wallet brings an intuitive Web 2.0 login, making the Telos ecosystem more accessible than ever! You can try the telos cloud wallet here.

Telos Cloud Wallet User Guide: https://docs.telos.net/getting-started/setup-wallet

Learn how to create a Telos Cloud Wallet: How To: Create a Telos Cloud Wallet

• 📊 Uptime Milestone: In Q3 we surpassed a staggering 300 million blocks, maintaining a pristine 100% uptime since our inception in 2018!
• 💰 DeFi Ecosystem Re-launch: After a brief hiatus, Telos DeFi has returned, rejuvenated and revamped. The Telos Bridge powered by LayerZero promises to be a game-changer, propelling our DeFi ecosystem to new heights.

🤝 Key Partnerships & Integrations:

• 🎮 Elixir Games Launcher: This quarter saw us joining forces with Elixir Games Launcher. Apart from exciting exclusive game launches like Kiraverse, Landbox, and Tarzan, there’s the enticing prospect of the $TLOS Elixir Rewards Program on the horizon. Stay tuned for further details!
• 0️⃣ LayerZero: Our partnership with LayerZero introduced the Telos Bridge, users can now move assets to and from Telos via Ethereum, BSC, Arbitrum, Avalanche, and Polygon, along with any future supported chains.
• 🍦 IceCreamSwap: Our collaboration with IceCreamSwap promises an amalgamation of multi-chain solutions, a seamless user interface, direct bridging, and lucrative liquidity incentives.
• 🔒 Ledger: Proudly announcing our partnership with Ledger, the renowned hardware wallet giant. $TLOS is now supported across all of LEDGER’s devices!

🎤 Events & Conferences:

We’ve been quite the globetrotters this quarter! Here’s a rundown of where we’ve been:

• 🇫🇷 ETHCC6, France: Our representatives, Sukesh Tedla and Nicky Chalabi, ignited discussions on Zero Knowledge Proofs and the intertwining of real-world assets with DeFi, forging strategic industry ties.
• 🎮 PlayGG, San Diego: A deep dive into the GameFi realm, exploring potential collaborations and amplifying our presence.
• 🎨 Digital Vertigo, Tokyo & Toronto: We reinforced our allegiance to the NFT space, networking with Artists and promoting Telos’ initiatives.
• 🌆 Futurist 2023, Toronto: We headlined with a kick-off panel that was the talk of the town!
• 🇸🇬 Token2049, Singapore: Navigating the blockchain of tomorrow, with our own Sukesh Tedla leading the way.
• 🇯🇵Tokyo Game Show 2023: An announcement par excellence, unveiling our synergy with Elixir!
• 🇺🇸 Permissionless, Austin, Texas: We showcased Telos’ prowess, engaging with industry peers.
• 🇩🇪 Dappcon, Berlin: Nicky Chalabi led dialogues about the blossoming Telos DeFi ecosystem.
• 🎮 Web3 Gaming Summit by ABGA, Singapore: A display of our cutting-edge GameFi initiatives.
• 🗽 Messari Mainnet 2023, NYC: Our leadership, represented by TF CEO Justin Giudici and COO George Vernon, made waves, especially with our illuminating DeFi panel.

🚀 New Partnerships in Q3:

Our partnerships have always been pivotal to our growth, and this quarter was no different. Let’s delve into the new partnerships we forged:

DeFi Trailblazers:

• IceCreamSwap
• ChangeNow
• Coinsender
• OpenOcean
• Ledger
• Nexter
• RedStone Oracles
• Symbiosis
• Jump DeFi

NFTs & Gaming Vanguards:

• Zo World
• NFTO
• Arcus
• Mintpad
• Elixir Games Launcher
• Kiraverse
• Bandit
• Crystal Clear Companions

Infrastructure Innovators:

• Zeeve
• TaskOn
• SecureDApp

📊 $TLOS Listings:

Hooray for our new listings! $TLOS can now be traded on:

• Uphold: Marking our debut on North America’s premier exchange.
• XT.COM: Empowering the community with TLOS/USDT trading pairs.

🎥 Fresh Content Series:

• 🖥 Developer Insights: Our new series, ‘TCD Office Hours’ & ‘The TCD Chronicle’, promise deep dives into tech and metrics.
• 🎨 NFT Updates: The ‘Probably Nothing’ Telos NFT Show offers vibrant panels and the latest updates.
• 📹 Revamped Content: Fresh short form content and a new face for our weekly video recaps.

🏛 The Telos Guardians:

Over the last quarter, the Guardians put on a round of elections to welcome in new members, and dove head first into finding a new CEO to take the reins as the year comes to a close.

We’ve recently published an article detailing what role each member on the team fills outside of these bigger campaigns; and have an election coming up in a couple of months! Read on to learn more and see how you can get involved.

July Elections

In July, the community warmly welcomed 5 new elected Guardians to the Telos Foundation team. Congratulations to Lee Erswell, Ajinkya Jagtap (voted Vice Chair), Rigi, Max Mochi, and Brian Tse!

CEO Search

The search for a CEO is well underway and our current focus. Shortly after new Guardians were elected, we got to work learning what the community and team value in a CEO. We ran $1700 worth of paid advertising to bring attention to the role, then faced the difficult decision of sorting the many qualified candidates. We’re very close to a decision and have had the opportunity to get to know many impressive people along the way with the skills and experience to help the Foundation achieve its goals. Look out for the next quarterly report where we’ll be welcoming a new member to Team Telos!

Upcoming Elections

There will be 4 Guardian seats up for election coming up in the new year (nominations begin January 5th) so stay tuned for more details and information if you’re interested in joining the Guardians. There are a few different ways that you can get involved in the election process:

• Nominate yourself or someone else & vote in the election
• Spread the word about the election and encourage others to participate!

Learn more about the role and what we do here.

💰 Telos Foundation and TCD Q3 Expenditure:

🟣 Follow Telos Socials:

And that’s a wrap for Q3! Thank you for your continued support and being a part of this exciting journey. Let’s soar even higher in Q4 2023 — we’ve got lots in store for the Telos community!

Stay connected, and follow Telos Socials!

Warm regards,

The Telos Team. 🟣

About The Telos Foundation

As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

We’re extremely excited to announce that Telos DeFi is officially back with the most trusted cross-chain messaging solution in the industry — LayerZero. With the new Telos Bridge, and 17+ dApp partners being onboarded, we’re entering a new era of user experience for the Telos Ecosystem, enhanced by the support and security of LayerZero Labs.

Telos Network and LayerZero: The Future of Blockchain Interoperability

What types of dApps can you expect?

• DEXs: Concentrated Liquidity DEXs, Solidly Forks, Balancer Forks, DEX Aggregators
• Money Markets
• Launchpads
• Yield Aggregators
• Derivatives & Synthetics

Phase one of our DeFi relaunch features Swapsicle V2 with Algebra delivering concentrated liquidity, and Jump DeFi hosting their IDO. Our goal has been to build a composable DeFi ecosystem, to enable users to utilize different platforms and build strategies and we’re doing just that. Each dApp has its own unique highlights, incentives, and rewards. As the rewards become available to the Telos Community, we’ll be sure to let you know; keep an eye out for more information on their respective offerings!

Glancing Back while Charging Forward

Over the past few months, our DeFi ecosystem has shown signs of robust growth, which is a testament to the hard work of our colleagues at Telos Foundation, our ecosystem participants, and our community members. Moreover, our aim as Telos Foundation is to ensure that our community and ecosystem get regular updates on the state of our DeFi ecosystem. With LayerZero and our new dApp partners, we’re primed for exponential growth of users, partners and developers. We’d like to extend a huge thank you to our incredible community for your support and patience as we perfected this solution. We wanted to deliver the best for you, and now we are!

So what does the LZ Bridge mean for Telos?

• Security: LayerZero prioritizes security through its utilization of a decentralized Oracle system, which diligently monitors the state of all integrated blockchains. This decentralization of oracles minimizes susceptibility to third-party breaches. Furthermore, the Relayer system promotes transparency, as Relayers are both incentivized and rewarded for successfully executed transactions.
• Scalability: LayerZero offers inherent scalability, leveraging the existing infrastructure of interconnected chains rather than necessitating supplementary frameworks. This means LayerZero can scale at the pace of Telos Network.
• Ease of Use: LayerZero is designed for seamless integration, allowing projects to effortlessly incorporate its capabilities, and enabling users to adeptly transfer assets across diverse chains.

Telos Bridge Official Link: https://bridge.telos.net/
Layer Zero Block Explorer: https://layerzeroscan.com/
Documentation: https://layerzero.gitbook.io/docs/

Milestones to Look Forward To

As we stride towards the future, our refreshed roadmap focuses on Telos’ rebirth, spotlighting it as a Layer 0 combined with zK tech — a potent narrative for 2024. Our website’s complete overhaul, along with an all new Telos brand upgrade, signifies our forward-looking stance, positioning Telos among the elite tech stacks in crypto.

If you’re looking for the future of blockchain, now is the time to join the vibrant Telos Community, indulge in our vast DeFi ecosystem, and reap the rewards of the novel interesting solutions available on Telos EVM.

To our ever loyal Telos Community, you’ve played a huge role in getting us this far! Now we welcome you to join us as we unveil the suite of new dApps launching on Telos over the next few months! To all you developers and builders, if you are building exciting products, please reach out to us, since Telos is committed to supporting a wide variety of DeFi projects and solid teams. We are truly excited about our growing DeFi ecosystem and looking forward to seeing innovative dApps build their legacies on the Telos chain.

Get Started Today and Explore the Composable DeFi Ecosystem Built on Telos

At Telos our main focus is improving the base experience, while removing any potential friction points that a user may face. Therefore to connect with any ecosystem on Telos is as simple as three steps:

1. Connect Your Wallet
2. Fund Your Wallet
3. Bridge your TLOS to TelosEVM

From here you are ready to tap into the diverse world of Telos DeFi.

Explore Telos’ DeFi Ecosystem

Disclaimer

The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.

About The Telos Foundation

As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

Website | Twitter | Discord | Telegram | Medium

Blockchain technology has consistently shown potential to evolve digital interactions and transactional frameworks. However, a persisting challenge has been the fragmentation across different blockchain networks. Addressing this key issue, Telos is proud to announce we’ve integrated with LayerZero to facilitate seamless interactions within the blockchain space.

Telos: A Benchmark in Decentralization, Security, and Scalability

The Telos Network has been a significant entity in the blockchain domain for over five years. Our notable achievement, the tEVM, stands as one of the fastest Ethereum Virtual Machines on the market. With an industry-leading capacity to handle 15, 200+ transactions per second while maintaining minimal transaction fees, Telos has emerged as the preferred choice for many developers and blockchain enthusiasts.

Read More:

Telos Breaking EVM Transaction Records

Transitioning towards a Layer 0 network, Telos is more than just a standalone blockchain; Telos is actively striving to be the foundational layer where future blockchains and their ecosystems can build upon securely and efficiently.

LayerZero: The Solution for Blockchain Interoperability

LayerZero addresses the challenge of blockchain fragmentation head-on. Their distinct messaging protocol for native cross-chain transactions eliminates the need for traditional intermediaries, streamlining the process. The LayerZero Endpoint innovation allows any blockchain to conduct cross-chain transactions with another blockchain, provided both integrate this endpoint. Such advancements pave the way for applications like cross-chain DEXs, multi-chain yield aggregators, and interchain lending. LayerZero also provides guaranteed scalability and enhanced security, while presenting unparalleled ease of use.

• Scalability: LayerZero offers inherent scalability, leveraging the existing infrastructure of interconnected chains rather than necessitating supplementary frameworks. This means LayerZero can scale at the pace of the underlying chain.
• Security: LayerZero prioritizes security through its utilization of a decentralized Oracle system, which diligently monitors the state of all integrated blockchains. This decentralization of oracles minimizes susceptibility to third-party breaches. Furthermore, the Relayer system promotes transparency, as Relayers are both incentivized and rewarded for successfully executed transactions.
• Ease of Use: LayerZero is designed for seamless integration, allowing projects to effortlessly incorporate its capabilities, and enabling users to adeptly transfer assets across diverse chains.

Building a Cohesive Blockchain Ecosystem

Telos’ LayerZero integration promises a future where developers are not bound by the constraints of a single network. Leveraging the robust infrastructure of Telos and the interoperability provided by LayerZero, developers can access resources, applications, and systems across various chains efficiently. Additionally, Telos’ expansive network, including over 100 partners, 250 dApps, and 1.2 million accounts, will benefit from LayerZero’s integration, allowing for broader interactions across the blockchain domain.

Application Links:
Bridge Link: https://bridge.telos.net
Block Explorer Link: https://layerzeroscan.com/

Support Links:
LayerZero Discord: https://discord-layerzero.netlify.app/discord
Telos Network Discord: https://discord.com/invite/9hurWxq3Gf

New Avenues for Users and Developers

This integration brings forth an environment where users can conduct trades on a DEX without relying on wrapped tokens or incurring intermediary fees. Additionally, opportunities for yield optimization become more accessible, and lending and borrowing can occur across chains, streamlining operations.

Official Documentation:
https://layerzero.gitbook.io/docs/technical-reference/mainnet/supported-chain-ids#telos

Conclusion

Telos’ integration of LayerZero is a significant step towards a more integrated and collaborative blockchain landscape. By leveraging Telos’ robust architecture and LayerZero’s innovative solutions, we aim to improve ease of use, while delivering heightened security, and a cohesive and dynamic blockchain experience.

We invite users and developers to experience the bridge and explore the endless capabilities this collaboration brings.

About The Telos Foundation

As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

Website | Twitter | Discord | Telegram | Medium

What’s New on Telos

A Word From the TCD’s Head of ZK Technologies — Alberto Garoffolo

In September, our team engaged in several key activities related to our work on the ZK scaling problem. These activities were organized as follows:

Internal Workshop:

Early in the month, we prepared and conducted an internal workshop with these primary objectives:

a. Present the ZK scaling problem statement.

b. Explain how our protocol addresses this problem.

c. Detail the design of our protocol.

d. Highlight the advantages of our approach compared to other ZK scaling methods.

Incentive Scheme Analysis:
As part of our ongoing research, we delved deeper into the analysis of two distinct incentive schemes. This exploration allowed us to gain a better understanding of how incentives can drive the adoption and success of our protocol.

Integration Strategies:

We also dedicated time to exploring various strategies for integrating our protocol into underlying blockchain networks. This step is crucial in ensuring seamless compatibility with existing systems.

Protocol Robustness Testing:

Our team continued its efforts to challenge and test various aspects of the protocol. This ongoing work is essential for verifying the protocol’s robustness and reliability.

Technical White Paper:

Towards the end of the month, we commenced the process of crafting the foundational content for the most well-established facets of our protocol. This marks the initial step in our journey towards crafting the comprehensive technical white paper, which will serve as an extensive reference document.

A Word From the TCD’s Head of Engineering — Jesse Schulman

For September the team focused on a lot of integration work as well as final issues surrounding the EVM 1.5 release and initial designs for 2.0

Integrations:
The Cloud Wallet is now integrated for both native and EVM, which brings a very web2-like experience for new users to onboard without the common friction of web3. This integration is the first of many, as we now are focused on getting our dApp partners to also integrate the cloud wallet. We hope that many of our existing and new partners will soon add support for the wallet so we can achieve our goal of being the home for blockchain mass adoption!

We also now have the Topper widget integrated, allowing on-ramp into TLOS from traditional payment systems!

EVM:

The team has been working on some challenging issues with the custom nodeos binary which is used for the 1.5 release. This issue, while difficult, is finally understood and a solution is expected soon. While the issue is sorted out, we have focused efforts on further comparison of our EVM against standard Ethereum clients (currently using the reth client from Paradigm). Via this comparison effort, we have identified and resolved a handful of issues with our RPC response behaviour.

The team has also added more features that need to be included in our upcoming EVM contract update. This includes the PUSH0 opcode which is required for the latest solidity compiler, and currently, the focus is on adding EIP-1559 transaction structure support.

We have also built a messaging API which will allow the EVM to send messages to the native network; this will complement the existing ability of native to call EVM functions and allow bi-directional communication between EVM and native networks. With this, we expect to provide reference implementations for projects to use for moving tokens in/out of the EVM in a single transaction without any oracle/bridge risk.

The design for 2.0 is becoming more clear and we are very excited to break ground on the initial implementation of it. It should bring 100% feature parity with the TelosEVM RPC and the leading Ethereum client RPC. Not only will it ensure full compatibility of all EVM tooling, but will also greatly simplify the requirements for node operators who only are interested in the EVM side of Telos. We are looking forward to sharing the details of the design once we have completed the necessary POC and feasibility research.

Telos Integrations —

Gaming

Elixir: Elixir is a PC Game launcher powering the next generation of indie games and players while driving blockchain adoption in the gaming sphere.

XLABEL: Amidst the thunderous roar of wild beasts and the rustle of dense jungle foliage, a new force has emerged… Tarzan: Lord of the Apes™. The 3D rigged ‘game ready’ character, is ready to conquer the world of Web3 gaming.

NFT

Bandit: Bandit Network is an ultimate web3 growth solution, turbocharging next-gen NFT and quest solutions. Seamlessly access NFT mints across diverse blockchains via their aggregator.

Crystal Clear Companions: Crystal Clear Companions (CCC) are digital partners designed to assist users in exploring the Telos Blockchain. They are part of an initiative that focuses on supporting and developing the art community within the blockchain space, by offering a platform for artists to showcase their work. As a CCC holder, you become part of a community that encourages creativity, innovation, and expression.

Mintpad: Mintpad, founded by the creator of the Doge Pound NFT collection which boasts over $100M in secondary sales, is a creator tool designed for ease. It empowers anyone to launch their own NFT collection without technical hurdles.

DeFi

Jump DeFi: A one-stop platform lowering the barrier of entry to DeFi for users and developers. Jump DeFi includes: Jump Swap Automated Market Maker, Liquidity Pools & Farming, Jump Pad token launchpad, Jump <> Telos Bridge and Unique tokenomics.

RedStone Oracles: RedStone is a Modular Oracle offering flexible data feeds in 3 tailored data consumption models (Pull, Push, Perps). Usually, it resonates with Lending Protocols, Perpetual DEXes, Derivatives, Synthetics protocols and projects looking to get a competitive edge.

Symbiosis: Symbiosis is a cross-chain AMM DEX that pools together liquidity from different networks: L1s and L2s, EVM and non-EVM. With Symbiosis, you can easily swap any token and move your assets across different networks.

Sendtokens: A self-custody wallet streamlining crypto management and transactions. Effortlessly connect your digital assets.

Network Performance

As part of an ongoing effort to provide more visibility into network statistics, the TCD has been tracking key metrics. This will enable us to identify potential trends on-chain. More metrics will be added over time.

TCD September Development Updates

Executive Summary

Throughout September, the Telos Core Developer team witnessed robust contributions and updates across several key repositories, including the Telos EVM Docker, Telos Wallet, Telos EVM RPC, Teloscan Indexer, and Open Block Explorer. Key efforts included improvements in reliability, user experience, and platform functionalities.

Key Development Updates

Telos EVM Docker:

• Introduced an API for additional Nodeos parameters, enhancing control.
• Resolved restart-related issues and implemented protective measures against container removal during restarts.

Telos Wallet:

• Implemented notifications modifications, and incorporated Telos Cloud Wallet support.
• Addressed display and performance issues.
• Completed the staking page feature and introduced a new Telos Cloud submenu.

Telos EVM & Telos EVM RPC:

• Enhanced software version tracking, improved compatibility, and optimized empty account handling.
• Implemented basic JSON responses for specific endpoints and improved system performance by addressing logging and formatting concerns.

Teloscan Indexer:

• Addressed issues related to variable handling, RocksDB, and ERC1155 balance fetching.
• Improved account transaction querying, 1155 indexing, and addressed account approval routes for ERC721 tokens.

Open Block Explorer:

• Resolved configuration and network-related issues.
• Disabled live transactions on the transaction page and fixed account-related issues.

Other Repositories:

• Telosevm Translator witnessed the addition of a stall detector and other enhancements to improve user experience.
• The Token List repository saw updates to the telosevm.tokenlist.json.

Current Telos Core Developer Team Priorities:

Throughout the month, the TCD team consistently focused on:

• EVM 1.5 and its related support and documentation.
• TELOS ZERO and its components.
• Enhancing the EVM Web Wallet with UI/UX improvements on the login, staking, wrapping and digital collectible pages.
• Telos Cloud Wallet integration and associated functionalities.
• Ongoing EVM 2.0 development and Governance Change backlog.

Conclusion:

September marked a period of significant development and progress for the Telos Core Developer team. Their concerted efforts across multiple repositories highlight their commitment to refining and expanding the Telos ecosystem. As the team navigates through its outlined priorities, the broader Telos community can anticipate continued advancements and enhancements in the coming months.

To explore repos being actively worked on, maintained or being explored by the TCD visit: https://github.com/telosnetwork

TCD Developer Spotlight

Getting to Know Thomas — A TCD Full Stack Developer

Intro: Meet Thomas, a passionate developer whose curiosity was sparked at just 15. With a journey that began with HTML, JS, and C#, he eventually co-founded a company post-college. Thomas has since ventured into diverse projects, from handling high-traffic social media sites in France to optimizing e-commerce platforms. His current focus? The dynamic world of blockchain.

Work History and Experience:

Can you share a brief overview of your journey as a developer? How did you get started in this field?

I’ve always been curious and love to figure out how things work, I started playing around with code at 15, mainly HTML, JS and some C#. So it was pretty much a give-in for me to pursue a software engineering degree. During my last internship, I met an entrepreneur with whom we eventually decided to set up our own company right after college.

We would develop websites & tools for clients as well as our own internal projects using the Symfony Framework (PHP) and Javascript and also set up & maintain the underlying infrastructure. With the advent of node and Javascript framework, we also started working on full Javascript front ends such as ReactJS, NextJS and Vue.

What are some of the notable projects you’ve worked on in the past? Could you walk us through one that you’re particularly proud of?

We had one of the top social media based entertainment websites in terms of traffic in France, with a network of categorized Facebook pages that drove a lot of it. That was my first production setup of a fully loaded balanced network architecture, meant to handle the huge spikes we had at peak hour, back when we had way fewer DevOps tools. We hired up to 12 people working on this full-time.

We actually made most of our margin with real estate websites, driving traffic to our A/B tested landing pages and dispatching prospective clients to different big French promoters automatically, as that project didn’t require any staff. This made me familiar with big data and advanced analytics tools as well as things like media buying.

One client project I’m particularly proud of is the e-commerce subscription websites we developed for a medium company with multiple brands that were outgrowing their WordPress/Woocommerce. We chose a barebones framework and developed a solution to perfectly fit their needs that could scale efficiently. With the additional webmarketing services we provided we were able to 10x their website revenue in a year.

How do you stay up-to-date with the latest development trends in Web3?

The space moves so fast that it is a mix of a lot of things. I follow relevant people on Twitter, read press articles, and blogs, read Ethereum proposals & some of their GitHub discussions, as well as hang out in dev channels.

Life and Inspirations:

What motivated you to start working in blockchain?

As I stated earlier, I love to figure out how things work. But I also hate to get bored! Blockchain is a dynamic and innovative ecosystem that provides plenty of opportunities to learn and imagine new things.

What are your hobbies?

My main hobby for the last few months has been renovating my apartment. Otherwise reading, cycling, museums & expositions, hiking, and tv shows.

Current Projects:

Currently, what project or task are you most excited about working on, and why?

My current project I’m excited about is the EVM indexer and API that will let dApp developers query data that would otherwise require them to do their own indexing. Reducing the friction to developer adoption is always something to strive for! It also allows us to create faster frontends, such as our upcoming Telos Wallet and our new and improved version of Teloscan!

Could you provide insight into the technologies and tools you’re using for your current projects?

I use the usual tools of development from Visual Studio to Docker. Currently, one tool that has won me some time is Github Copilot and its awesome code completion feature. Speaking of AI I also often ask ChatGPT questions; it can be much faster to get an answer than using Google but it isn’t always right, you do need the experience so that it does not lead you down rabbit holes.

What strategies do you employ to ensure the codebase you’re working on remains maintainable and scalable in the long run?

Comments, comments, comments and readability. Someone who never touches the code should always be able to figure it out without too many headaches. If refactoring everything to one-liners seems like the goal to some, I don’t think it is always worth it. Your time might be better spent solving another problem.

Closing: As we delve into Thomas’s experiences and insights, it’s clear he embodies the spirit of innovation. From his early days of coding to the complexities of Web3, Thomas’ drive is evident. Whether he’s renovating his apartment or pushing the envelope in blockchain, Thomas’s dedication to growth, innovation and learning shines. To connect further, find him on X at @tomtomcrypto or Telegram as @tomearhart11.

About Telos Foundation:

As a decentralized, independent and not-for-profit organization, the Telos Foundation spearheads the advancement and governance of the Telos blockchain. Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

Telos has been chosen to be a part of the next Bybit listing vote round, set for October 12th, 2023! This presents a golden chance for $TLOS to be listed on one of the world’s top five global exchanges. Dive into our comprehensive guide below on how to cast your vote for $TLOS on ByBit:

For PC users:

1. Register for a Bybit account using this link & complete KYC
2. Deposit USDT to Bybit and hold until 00:00 UTC, Oct 12th
3. Go to https://www.bybit.com/en-US/trade/spot/vote-home and vote for TLOS
4. Voting starts at 3:00 am UTC, Oct 12th

For mobile App users:

1. Register for a Bybit account using this link & complete KYC
2. Download the Bybit app
3. Deposit USDT to Bybit and hold until 00:00 UTC, Oct 12th
4. Go to the App homepage, tap on ‘More’

5. Select ‘ByVotes’

6. Select ‘Go View’

7. Vote for TLOS in the voting page. Voting starts at 3:00 am UTC, Oct 12th

Thank you for voting for Telos!

Thank you for your support! This is a huge opportunity for the Telos ecosystem by providing greater access to TLOS on one of the largest global exchanges! And with $100k in potential Telos Airdrop Prizes, you won’t want to miss out!

About Telos

Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. In 2021 Telos launched it’s own Ethereum Virtual Machine (EVM), which to date stands to be the fastest and most secure across all EVMs. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. As part of Telos’ upcoming roadmap, the development of a zKEVM with a focus on privacy, scalability and security is at the forefront of product development initatives. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.

We’re thrilled to announce that Telos has been chosen to be a part of the Bybit listing vote set for October 12th, 2023. This guide will walk you through the voting process, ensuring you have all the information you need to participate and compete for a potential $100k USD ($TLOS) in prizes.

What is ByVotes?

ByVotes enables Bybit users to vote for their preferred projects to be listed on the Bybit platform. If Telos gets the most votes, those who voted for it will share a campaign reward. For Telos, this prize pool is $100k worth in $TLOS, which will be distributed by Bybit to the winners!

How it Works:

1. Voting Period: Users utilize their voting vouchers to vote for their preferred projects.
2. Outcome: The project that secures the highest votes gets a spot in the Innovation Zone under Spot Trading.

What’s in it for the Voters?

If Telos emerges victorious, voters will share a prize pool of $100k worth in $TLOS. This will be directly distributed by Bybit.

Voting Vouchers: The Basics

• Minimum to Maximum Votes: Voters can cast between 1 and 10,000 votes for each project.
• Acquiring Vouchers: These are free rights given to traders. The number of vouchers a user receives is determined by a snapshot of holdings in USDT, USDC, BUSD, CUSD, USDD, and DAI, taken at 11:59:59 PM UTC the day before voting.
• Voucher Ratio: 1:1, based on total holdings.
• Bonus: Users who complete the Individual KYC verification Level 1 receive an additional ByVotes voting coupon worth 50 votes.

Key Dates:

• Warmup: Oct 9th, 8:00 AM UTC — Oct 11th, 23:59:59 UTC
• Snapshots Taken: Oct 11th, 23:59:59 UTC
• Voting: Oct 12th, 3:00 AM UTC — Oct 13th, 3:00 AM UTC
• Airdrop: Oct 13th, 3:00 AM UTC — 7:00 AM UTC
• Deposit Time: Oct 13th, 7:00 AM UTC
• Winner Listing: Oct 13th, 10:00 AM UTC

How to Vote:

1. Register on Bybit: Use this link and follow the sign-up process.
   * If you have an existing Bybit account with completed KYC, please skip to step 3.
2. Complete KYC: Essential for your vote to count. Follow Bybit’s KYC process.
3. Hold Assets in Spot Wallet: Please note that you do not need to send tokens anywhere to vote. Follow on-site instructions to top up using USDT, USDC, BUSD, CUSD, USDD, or DAI, or hold these assets for the Snapshot period by Oct 11th, 23:59:59 UTC.
4. Vote Using ByVotes: Voting starts at 3:00 AM UTC on October 12th and ends 24 hours later. Your votes are based on your Bybit account balance, captured in a snapshot on October 11th at 23:59:59 UTC. Vote Here.
5. Note: Max votes from one account for a project is 10,000. To increase Telos’ chances, vote early — Set a reminder!

Airdrop:

Upon Telos winning the vote, you’ll automatically qualify for our $TLOS token airdrop on October 13th, from 3:00 AM to 7:00 AM UTC.

Need assistance? Reach out to the Telos community:

Telegram: https://t.me/HelloTelos

Discord: https://discord.gg/telosnetwork

We’re here 24/7 to assist and answer any queries!

Disclaimer:

Residents from the following locations are ineligible for participation and/or prize receipt: The USA, Central African Republic, Cuba, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, and Russian occupied regions of Ukraine (including Crimea, Donetsk, and Luhansk).

About Telos

Launched in 2018, Telos has an impeccable five-year record of uninterrupted service. With the introduction of the tEVM in 2021 — the fastest Ethereum Virtual Machine — Telos has demonstrated its commitment to cutting-edge technology. Now shifting its focus to becoming a Layer 0 network, Telos places paramount importance on scalability, security, and decentralization. In 2021 Telos launched it’s own Ethereum Virtual Machine (EVM), which to date stands to be the fastest and most secure across all EVMs. The network’s impressive performance allows for 15,200+ transactions per second, all while maintaining near-feeless operations. Today, the Telos ecosystem boasts more than 100 partners, 250 dApps, 1.2 million accounts, and a rapidly growing community. As part of Telos’ upcoming roadmap, the development of a zKEVM with a focus on privacy, scalability and security is at the forefront of product development initatives. Telos continues to propel the industry’s transition to Web 3.0 and pave the way for global adoption of decentralized solutions.