The long-awaited launch of TLOS as an ERC-20 token on Ethereum will begin Monday, March 1st at 17:00 UTC. Today, a group of Telos validator operators (aka block producers) determined the initial prices and other final details of the sale.
The process will begin with a token sale on Bounce.Finance. The URL will become available once the sale commences, please check the website and our announcement channels around the time of the sale. The sale will continue for 72 hours or until all TLOS are sold.
Immediately after the conclusion of the Bounce.Finance sale, TLOS tokens will be available on the ETH:TLOS Uniswap liquidity pool.
Soft cap: 150 ETH
Hard cap: 1,500 ETH
Price: 1 ETH = 3,500 TLOS (approx $0.40/TLOS)
Initial price: 1 ETH = 3,000 TLOS (approx $0.50/TLOS)
Total Locked Value from Telos: 400 ETH
Locking period: 3 years
ERC-20 contract address: 0x7825e833d495f3d1c28872415a4aee339d26ac88
A little extra reading
- For more details about TLOS tokenomics, please read our post on it here: https://telos.net/tlos-tokenomics-understanding-the-value-of-tlos/
- For further details on how native TLOS and ERC-20 TLOS will interact, and how to deploy your tokens on the Telos and Ethereum blockchains: https://telos.net/telos-erc-20-token-presale-on-bounce-finance-opens-march-1-2021/
- And to find out what you need to do to get involved in the bounce.finance sale, all the particulars can be found here: https://telos.net/how-to-buy-on-bounce-finance/