Telos is a blockchain platform for building fast, scalable applications with feeless transactions. Telos solves the scalability issue with its DPoS consensus algorithm that is able to handle 10,000 TPS. In addition, it is able to tap into the Ethereum market as it is EVM compatible. Currently, more than 100 dApps have been developed on the network and the number is going up. Telos leads the ESG (environmental, social, governance) as it caters to the environment while also being fast, scalable and user-governed. Telos is also building innovative features such as dStor (decentralised storage similar to Filcoin), Telos Private (using ZK proofs), Telos Location and Telos ID.
TLOS is the native utility token used in Telos network. It has many utility such as staking to secure the network, as governance token for voting new proposals, as a medium of payment when accessing services and apps in Telos, and also when interacting with other apps built on Telos. There is a total supply of 355 million TLOS but this is not a hardcap. TLOS exists in Telos mainnet, but can also be wrapped into ERC-20 or BEP-20 without affecting the total supply.