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Yahoo Finance Announcement
On the announcement, it was shared that Telos is synergizing its focus to the Decentralized Finance (DeFi) Projects. It also highlighted the TSwaps which is an ongoing project of Telos Community. They deeply push the DeFi sector with the upcoming Q2 release of Telos SureProfit, a new feature that enables investors to ensure the success of their trades.
Through this “profit-or-cancel” technology, users can create trades that look at the state of an investor’s wallet before and after the intended transaction, and if the post-transaction balance is not higher by the user-defined measure, the system automatically cancels the transaction, eliminating unintended losses from Telos DeFi transactions using Telos SureProfit.
The organization stressed-out the amazing edge of Telos as a blockchain compared to Ethereum.
Telos is described as being a mass adoption, open finance network led by a community of visionary trail blazers. The project is pushing for scalable and fast decentralized finance within the cryptocurrency space.
Telos SureProfit will carry a small use fee paid in TLOS to prevent spam attacks, further add to TLOS utility, and continue to support the Telos network with zero inflation and free basic transactions for all. Unlike on Ethereum, however, Traders on Telos are never hit with large gas fees that are required even when a transaction fails.
There are two flavors of DeFi on the Telos roadmap, one via native activity on the Telos blockchain, and the other on Ethereum via the soon-to-be-released Telos EVM (Ethereum Virtual Machine) that runs Solidity contracts on Telos just like Ethereum, but faster, with higher capacity and at approximately 0.1% of the cost of Ethereum gas fees. Telos SureProfit will function natively on Telos, but will not be available on Telos EVM because profit-or-cancel isn’t currently possible for Ethereum smart contracts.
Yahoo Finance then declared No-More-Failed-Transaction!
The project has announced the upcoming launch of Telos SureProfit. The new feature will ostensibly allow investors to ensure their trades are successfully executed. The mechanic is known as “profit-or-cancel” technology.
The feature works by looking at investors’ wallets and determining what the balance will be after the intended transaction is processed. The system then measures the balance and if it is below the prescribed amount based on the user, it cancels the transaction.
SureProfit is set to prevent users from losing money during DeFi trades. Following the announcement, Telos has also launched five additional ERC-20 tokens including USDT, USDC, pETH, LINK, and PNT. The project is also working on adding decentralized exchange tokens such as SUSHI and UNI.
They also highlighted - Pushing DeFi adoption with features
With the unsurmountable Gas Fees in the Ethereum Blockchain, Defi and NFT's would then be for the ones who were able to hold ETH right before the fees pumped. With Telos great projects lined up such as the EVM which is on the Testnet now and the Bridge which just recently launched, this will be a perfect fix for dApps, high-yield-farming and DeFi projects.
Telos has shifted their focus to key areas of interest within the cryptocurrency ecosystem, including DeFi, and non-fungible tokens (NFTs). The company will look to improve on areas where other blockchains fail. These include no gas fees for transactions, fast transactions, and no front-running of trades.
Telos will be looking to offer its very own DeFi platform built on its own blockchain. However, the company will also be adopting the popular Ethereum (ETH) blockchain via the soon-to-be-release Telos EVM, short for Ethereum Virtual Machine.
The solidity contracts will run on Telos, which will allow for all the features of Telos on the make-shift Ethereum network. The Telos blockchain currently supports 10,000 transactions per second (TPS), with zero transaction fees, outshining Ethereum in this regard.
With this announcement, It is such a great privilege to all Telos Community members that their efforts are leading to the success of the whole ecosystem itself. And that includes the Tokens in the exchangers such as Probit and MXC in Centralized Exchangers and in Uniswap as DEX. And soon to be in PancakeSwap this April 21st 2021.
We would like to thank everyone for this continued support you are giving the Telos Network achieve its ultimate goal - Mass Adoption, Added liquidity and Marketcap surge for the crypto trading triumphs.
Posted Using LeoFinance Beta
I have been stacking some telos over the past few weeks. Is there a good wallet or way to earn while holding them?
Posted Using LeoFinance Beta
Hello there! We are delighted to know that you have some in your bags. You may try to use SQRL, Anchor or Wombat. TLOS will be listed on Pancakeswap this 21st of April. [Edited from the word Uniswap]
THIS is a Big Deal!
Telos secures a Presence HERE on HIVE
By using IT as a Primary point of Issuance of Comms,
(i.e. Press releases, Public Announcements, Important Notifications)
Bypass legacy Internet communication channels such as email, newsletters, rss feeds, etc...
Use HIVE as it was intended and have @telosnetwork or @telosfoundation acts as Intermediaries
as in the case with @blocktrades and other exchanges with an account on HIVE.
I'm off to go stack my TELOS now that they have given us Proof of LIFE!
HIVE!REGARDS
Thanks for that. I love coins that can make a passive return so will be hoping to find a way to do the same with telos and keep stacking more for the next few years as well as buy more form the market.
Posted Using LeoFinance Beta
Thanks for sharing your announcement on Hive/LeoFinance as well. An easy way to make our communities aware of your latest developments. Plus, your update is now recorded forever on the blockchain, and hopefully many more will follow. :)
Posted Using LeoFinance Beta
This is great stuff thank you for sharing
Welcome to LeoFinance and the Hive blockchain guys.
It's always good (although unfortunately far too rare), to see crypto projects using a blockchain to share their content.
We here at LeoFinance definitely agree that the way forward for blockchain and crypto tech is together. There isn't going to be only one winner in this space and interoperability will be key.
Looking forward to seeing Telos' contribution to the DeFi space and hopefully continued use of our platform to share what you're doing.
Cheers :)
Posted Using LeoFinance Beta
We believe in the utilizing the power of what a platform is really best at. With this, we build bridges and not walls. We are so honored with this warm welcome that you have shown up. Thank you. We will also try to build a community here so there would be a real harmonious interoperability that will happen between our powerful blockchains.
Posted Using LeoFinance Beta
Another project and an eye to defi.
Welcome onboard, this is the place to be.
Got to learn about this.
!BEER
Posted Using LeoFinance Beta
Hey there @pouchon, wow! We love the energy you showed welcoming us! This is much appreciated. Yes we are focusing much on the DeFi to get aggressive in this bull-run. Though all the dApps will definitely highlighted too. See you around!
Posted Using LeoFinance Beta
very interesting. Are you in?
Posted Using LeoFinance Beta
Oh yes! We love $Hive too!
Posted Using LeoFinance Beta
Welcome to Leofinance and I will definitely check your project out.
Posted Using LeoFinance Beta
We are so glad for this recognition. Thankful for the warm welcome!
Posted Using LeoFinance Beta
Welcome to the blocks boyz.
Going defi is a smart move to do.
TVM might trigger some dapps migrate from #Eth to #Telos.
It's nice to see open-source tools being utilized by other projects. That's where the value lays.
Coolaboration over tribalism.
Posted Using LeoFinance Beta
HIVE!D
Thank goodness you're here!
Welcome to Leofinance. I Will need to learn more about your project, could you drop a link for a good starting point?
Posted Using LeoFinance Beta
LeoFinance and the Hive Community has given us indeed a warm welcome and we are so honored by this. We will continue to collaborate with the best social blogging platform existing today.
Posted Using LeoFinance Beta
Welcome! Isn’t @appics migrating to telos? When will that be done?
Posted Using LeoFinance Beta
Thank you for the warm welcome @mcoinz79. We are just waiting for them to finish their process. We in the community are very excited to have them onboarded. We will will share the news here as well.
Posted Using LeoFinance Beta
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BEER.Hey @telosnetwork, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Great to see TELOS doing some things in DEFI I first heard of it when APPICS said they were migrating to your chain fromS STEEM
I hope that there can be more ways these blockchain can work together in the future
Posted Using LeoFinance Beta
This is an interesting trend, but also nearly everyone is "Getting into defi" now.
It's going to take strong teams to get attention.
Posted Using LeoFinance Beta
this is helpful to everyone thank you so much for sharing this,,,
Posted Using LeoFinance Beta
The more the merrier. Hive is about the network effect and adding another full community to that network, and vice-versa, will only benefit both sides in the long run. Good luck with the development and keep us informed.
Posted Using LeoFinance Beta
Welcome, will definitely check your project out!!
Posted Using LeoFinance Beta