March was an excellent month for the Telos Foundation and Telos Core Developers on all fronts. Much of the foundational work from January and February has started bearing fruit.
When I look back over the past two months and see what we have accomplished, the one thing that stands out is the extremely high level of professionalism and determination in all areas of the Telos ecosystem.
We’ve seen work such as the setup and promotion of Telos Spark (hackathons) and Telos Ignite (Grants and Ventures) and the continued hustle by Community and Exchange teams to break new ground. The TCD has also made great foundational strides and has been involved in all areas of the Telos foundation. Serving the developer community is core to our growth at the moment, and so the TCD is naturally a key contributor in this area. It makes me tremendously proud to see the pace of dapps onboarding and the adoption rate that the TelosEVM is starting to see. In March, we also saw our top 2 exchanges add TelosEVM support. It can’t be understated how much this will help grow the ecosystem which already seems to be on an exponential growth trend.
We’re proud of what we’ve accomplished, but we’re not slowing down.
In the coming year, we expect to increase the pace that has already been set, refine our messaging, and increase our visibility and connections in the broader crypto ecosystem.
Telos has the potential to change how dapps are developed — it offers a unique platform for building real-world-ready applications that are high speed, scalable, decentralized, and fair.
Plus: with an EVM that’s already faster than most others available today, Telos is ready for a World that demands speed. In other words: it’s time for the World to notice us.
Justin Giudici- Telos Foundation CEO
The last year has been focused on completing the buildout of our team. The previous funding raise allowed us to hire director-level and supporting talent across Marketing, Business Development, Community Relations, and Liquidity/Exchange Management. These positions were filled in early January 2022 and have built the corresponding structure, processes, and strategy for their departments. We are currently in a position where all teams have transitioned from planning stages to execution. Collaboration between these teams has allowed for successful launches of the new 2022 initiatives: Telos Spark, Telos Ignite, and many more.
As we look to increase the pace of our efforts in Q2, we’re focused on hiring industry experts and forming strategic partnerships to help us accelerate growth across departments. We’ve seen continued progress in March and see a lot of early execution success that will continue to build momentum as we move forward. Telos is at an inflection point. The technology that powers the network is solid and recognized as such in the industry.
However, to compete with the largest projects in the blockchain space, we know that the efforts of the Telos Foundation need to expand rapidly. Ultimately, technology advantage is not always the most crucial factor when choosing which blockchain to use. We are currently starting to get a very confident strategic direction in which to grow all team efforts rapidly, and the TF will be sharing any change in strategy with the community accordingly.
George Vernon, Director of Operations
We are pleased to report that the team has made significant progress in our pursuit of growing liquidity and trading markets for TLOS. While this is only a small snapshot of the work completed thus far, we are excited to share updates as more information is available. In March, we secured EVM integrations and the first Margin trading markets for TLOS on KuCoin, GATE, and MEXC exchanges. In addition, we have migrated our liquidity from Sushiswap to Zappy to help grow the EVM ecosystem.
The team is working hard on three potential deals, which will focus on securing new wallet integrations, fiat on/off ramps, tier-1 exchanges. We are also exploring different liquidity incentive programs, so stay tuned for more details!
Sukesh Tedla, Exchanges and Liquidity Team Lead
The focus of the Telos Core Development team lately has been on improving performance and scalability in the existing EVM and RPC infrastructure. This is one of our critical priorities because transaction volume and the number of distributed applications will increase significantly over the coming months.
We have also massively extended the features of Teloscan, our EVM Block explorer, which now includes contract verification and ERC721 transactions. Development of the Open Block Explorer (OBE) has been a further initiative to securely support Telos natives with an open-source Explorer. We are iterating further with Wallet features to be released very soon. In April, we continue to add features to our explorers and align the Web Wallet for a more seamless user experience.
We’re excited to announce our next strategic initiative: a contribution to the EOSIO+ workgroup. This contribution is aimed at helping us continue to protect and evolve our native code base, fueling our market-leading EVM. This is an entirely new path to a more inclusive and prosperous future.
Kersten Wirth, Program Manager, on behalf of the Telos Core Development
The Telos Marketing team has been very active ‘off chain’ for months. We structured an entirely new team built on a foundation of people with diverse backgrounds and expertise, with a keen focus on delivering results. During this restructuring, we also identified some key focus areas for our marketing efforts. We can’t wait to share our new Litepaper, which is coming out soon!
We’re thrilled to announce that The Big Gooey will be our NFT Curator, bringing artists and projects to Telos. In addition, TBG is planning our very own NFT project. It’s a secret, but we’re not “monkeying about.” Stay tuned for an announcement on our next venture into the NFT space.
The Telos Spark EVM Hackathon is almost over, and we can’t wait to announce the winners. The finalists will be announced on April 18th, and the winners will be announced on April 22nd. This hackathon brought together hundreds of participants working on tens of projects, so you know it will be exciting!
Mark your calendars — we’ll be at Bitcoin Miami and Ethereum DevConnect Amsterdam in April, and don’t forget the big one — Telos at Consensus in Austin this June. So, you all should swing by and meet us!
Since our inceptions, we’ve been committed to thinking about ESG factors. This means we have the potential to introduce positive change to the crypto landscape, both in terms of our thinking and actions. We’re getting started, and there is much work to be done, but I would like to express deep appreciation for the progress already made. Don’t forget that Aristotle defined Telos as the rational purpose of life…
Think right and hodl, Telosians!
Paul Walton, Chief Marketing Officer
Telos tEVM continues to grow and attract new projects, with several dApps launching on the platform this past month. The Telos Ignite grant initiative is also in full swing, and six grants have been awarded in March.
Below is a list of new dApps on our platform and grant awardees:
We have a lot in store for you this April!
AJ Dinger, Head of Business Development
In March, our Community Relations teams continued to see positive results from its focus on Telos Spark and Telos Ignite. In addition, we onboarded several influencers to help amplify the reach of both of those campaigns and help spread the good Telos word.
The next step in our business plan is targeted growth. With the foundation laid in terms of community relations, we can now target specific channels of interest while focusing on expanding our network. The second quarter of this year will see the onboarding of a dedicated Community Growth Manager to help drive our growth efforts.
We also plan to push Telos Academy in a meaningful way, which had to take the backseat due to higher priorities. Next up in the pipeline is a further activity and engagement program for the whole community to participate in and get rewards in TLOS. Word on the streets is that we may gamify activity, engagement, and growth with NFTs.
Thomas Schmied, Head of Community Management
Telos Blockchain (Tlos) is a 3rd generation smart contract platform that offers compatibility with Solidity, Vyper, and Native C++ smart contracts, providing full EVM/Solidity support as well as a fee-less native smart contract layer upon which the EVM is built. Telos' performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, decentralization, and end-user fairness. The network can sustainably support hundreds of millions of transactions per day, produces blocks in 0.5-second intervals on a first-in-first-out basis (eliminating frontrunning on the network), offers a fee-less native, and low per transaction cost EVM (<$0.10), and a fully decentralized block producer network.