After the recent traction on decentralized or non-custodial exchanges (DEXes), such as UniSwap and PancakeSwap, the latest TLOS listing on Kucoin aims to increase the availability of the crypto token to a wider group of investors. According to a release shared with CI, this move represents the TLOS token’s first appearance on a major exchange.
As confirmed in the announcement, deposits were opened on KuCoin “at 6 pm UTC+8 on May 16.” Trading reportedly began on May 17, 2021 “at 6 pm UTC+8.” Trading pairs include TLOS/USDT and TLOS/BTC, with “initial support for ERC-20, followed by BEP-20,” the announcement noted.
Douglas Horn, Telos Chief Architect, stated:
“We’re proud to announce the arrival of TLOS on Kucoin’s leading exchange. It’s now easier than ever for investors to participate in the Telos ecosystem, which has been rapidly growing over the past two years thanks to innovative development and the ongoing launch of world-class applications. We’re excited to create this opportunity for investors who don’t trade on AMMs to now get in on Telos easily.”
Unlike many other entities or platforms in the crypto space, Telos aims to take on the responsibility of “traditional organizations” by offering timely updates to its community.
This includes the recently launched quarterly calls that aim to address the “status of its technical roadmap,” the release noted while adding that this technical development “makes Telos the most advanced blockchain software for smart contracts and decentralized applications.”
Telos’ governance structure gives software engineers and community members “control of the platform to a greater extent than any comparable blockchain,” the platform’s developers claim.
Telos reports that governance functions are currently available to any Telos developer so they can use them in their own decentralized applications or dApps through the Telos Decide governance engine.
As mentioned in the release, the Telos network supports around 10,000 transactions per second (TPS) with “zero transaction fees, compared to Ethereum’s 14 TPS with fees.”
Telos is described as a “high-capacity” network and one of the most active DLT networks, according to Blocktivity data.
Telos comes with a “robust, third-generation blockchain governance system including advanced voting features and smart contracts that can be fully configured to meet the needs of any developer.”
Created by application developers for other developers, Telos aims to extend its blockchain and governance features to all dApps running on its platform.
Telos also aims to support the crypto and blockchain ecosystem by acting as an incubator and accelerator for dApps.
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