Telos is designed for speed and scalability, making it the ideal network for widespread adoption — Telos-based Tokens, NFTs, and Smart Contracts are currently being utilized for DeFi, Gaming, Social Media applications, and more. Telos has approximately 100 decentralised applications (dApps). These apps benefit not just from the network's speed (0.5s block intervals) and scalability (10,000+ TPS), but also from Telos' full on-chain services for voting, sentiment, decentralized file storage, location, and more.
TLOS is the Telos network's utility token, use cases including resource ownership, governance, and financial applications. TLOS holders power the whole Telos blockchain. A proposal can be submitted or voted on by anybody with TLOS. This guarantees that the chain's direction is in the best interests of the community and that its resources are handled in a way that the majority of stakeholders approve. To make a proposal, TLOS must be paid, thereby increasing the token's usefulness.
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