- What does it do? Is it really valuable?
The largest problem in crypto right now is the cost of transactions on the Ethereum blockchain and the long wait times for transactions to be confirmed. Cardano (ADA) and Polkadot (DOT) are also addressing this, but do not have their solutions finished. Both of those have 30 B market caps. This is a big problem and very needed.
- Is the technical development groundbreaking?
They have been live since 2018 and have more than 100 distributed applications (dApps) running on their blockchain, which has the fastest transaction speed of any chain, 10,000 transactions per second. According to blocktivity.info Telos is the second most active blockchain on the planet.
Just look at this comparison.
- What exchanges are they listed on? Are they on major exchanges?
They are currently on three small exchanges: ProBit, Coin Tiger and NewDex. Typically once coins are listed on major exchanges the price rises. That they are raising money to pay for major exchange listings is significant, starting with Uniswap, the eighth largest exchange in the world as of 26 Feb 21.
- Is the Market Cap reasonable compared to other projects in their space?
No! The other 4 coins in the chart above all have market caps of more than 2.5 Billion dollars, 37 times the size of TLOS’ market cap at 67 Million!
- Price projection
If TLOS takes only half the market share of the smallest of the four above (ADA, DOT, TRON, Tezos), it will be worth 18x its current price ($0.275), which would be $4.95. I believe it has a 60-65% chance of doing that or better within a year.
- Is there positive social buzz on the project?
They have 6,357 Twitter followers and 3,597 community members on Telegram.
- Who is on their development team? What have they done before?
Its core development team of 30+ members is led by Douglas Horn. Horn came from game development and has been in the blockchain arena for 5.5 years and specifically with Telos for 2.5. He wrote its whitepaper and is the chief architect leading the development team. You can watch a 49-minute video interview here. I was impressed by his vision and integrity.
- What is their roadmap?
They are now testing their ability to run code from Ethereum apps, starting with Uniswap and token contracts. In the future, they have projects to create an easy-to-use user interface and more. Read about those here.
- Tokenomics (supply and demand for the token)
a. The TLOS token is the utility token for the Telos blockchain, just like ETH for Ethereum or DOT for Polkadot. (TLOS is the trading symbol. Telos is the name of the blockchain.) That means it is used for every transaction, staking (depositing for rewards) and to run the various programs and games that run on that blockchain. These programs are called distributed applications (dApps). Just like an application that runs on your phone or computer, they run on the blockchain on the Internet. The importance of the token being a utility token is that the SEC recognizes utility tokens are NOT securities and therefore can be sold without getting SEC approval.
b. The maximum number of tokens is 355 million, less than EOS (unlimited), ADA (45 billion), or TRON (100 billion). The number of tokens in circulation is 169 million. The remainder will be sold to cover the developmental costs
c. Token distribution is important. If investors and/or developers are granted an inordinate amount of tokens and they are free to trade, those people could dump their tokens during the initial enthusiasm and crash the price. However, TLOS tokens are conservatively distributed to investors and developers.