Telos is preparing to sell the first ever tranche of T-Bond NFTs, which lock up fungible tokens in a Marble-standard NFT until their maturity date, but can be traded on secondary NFT markets until that date. The first tokens to be locked into T-Bond NFTs will be Telos system tokens, TLOS from the ‘tlosrecovery’ account, as part of the Telos Uniswap Liquidity Implementation Plan, which will add new DEX and CEX markets to TLOS trading and expand liquidity across the system to finally unlock real TLOS price discovery. Other projects are already lining up to use the T-Bond NFT system for their own needs.
Investors can buy T-Bond NFTs from the initial sale page on Telos.net using pBTC wrapped-BTC tokens from pTokens. These can most easily and inexpensively be acquired directly from pTokens , but are also available from TSwaps.com, or exchanges such as Alcor.exchange.
The T-Bond NFTs will be made available on the primary sale website using the AreaX NFT Marketplace. Once purchased, the T-Bond NFTs may be listed for secondary sales on the AreaX NFT market, which takes a 0.4% market fee. T-Bond NFTs may be traded any number of times.
Each T-Bond NFT has a face value, which is the number of tokens that will be unlocked on maturity, and a maturity time, which is a date and time after which the tokens in the T-Bond can become liquid. The NFT also has a sale price. The difference between the sale price and the face value is the discount and the discount, measured against the maturity or holding period calculates the yield. When re-selling T-Bond NFTs, the owner sets the price—and therefore the discount and yield—or they could be sold at auction. After claiming the liquid tokens following the holding period, the NFT artwork will remain in the owner’s account as a digital collectible.
The first sale of TLOS T-Bond NFTs will begin 25th January at 17 UTC at AreaX with the goal of funding the TULIP plan to massively expand TLOS liquidity and unlock real price discovery for the first time. This also provides an opportunity for Telos early community members to buy TLOS at discounts below what they will later sell for on the Ethereum ERC-20 TLOS token presale (per the TULIP plan).
TLOS T-Bonds will be sold in the following face values and holding periods:
- 1,000 TLOS
- 5,000 TLOS
- 10,000 TLOS
- 50,000 TLOS
- 100,000 TLOS
- 3 months (4.4% discount)
- 6 months (8.9% discount)
- 12 months (16.0% discount)
- 24 months (32.0% discount)
The Price Grid
|Holding Period||3 months||6 months||12 months||24 months|
|Discount to Face Value||4.4%||8.9%||16.0%||32.0%|
|Face Value (TLOS)||Purchase Prices (TLOS)|
The final sale prices will be announced on Saturday 16th January 2021 at 17 UTC, 48 hours prior the sale starts at AreaX marketplace.
Stay tuned, and be ready to become a first ever Telos T-BOND holder. We are making history!