By Nermeen Nabil 
A new exchange by Telos Foundation, Telos X is also under development. This can be attributed to the fact that Telos partnered with the Binance Link program. Read on for the details.
Currently, Telos X is in the process of becoming one of the leading cryptocurrency exchanges.
What is Telos X?
Telos X is a new-generation exchange with a superior user experience and better token utility. It also offers new possibilities for projects and users. In simple terms, it facilitates trading cryptocurrencies within the Telos network.
The Telos Express – September 20th
What’s new at #Telos:
#Telos takes on #Token2049Singapore
@ChiefOfTelos announces the launch of @Tlosx_official
Upcoming project updates & milestone announcements
1/3 Tekika $TLOS Claim pic.twitter.com/lO2Dm1ShQI
— The Telos Foundation (@HelloTelos) September 20, 2024
Why Telos X?
Telos X brings a host of benefits to the community:
Token Utility Model: Telos X is about guaranteeing that all the above is sustainable. This means giving tokens more usage and increasing their utility.
Global Reach: They focus on reaching regions that the Telos community still needs to check off their list, helping to expand their network.
Developer Engagement: Enhancing developer engagement makes it easier for new projects to thrive.
Listing fees and complicated application procedures are major challenges smaller tokens face. Telos X aims to help resolve these challenges by simplifying the listing process.
Tokens that fall within this ecosystem can have the liquidity they need without going through as many hoops as many others have to. Moreover, each Telos X launchpad caters to new projects, ensuring a good start.
$TLOS is a token of
1⃣ zk-EVM (https://t.co/dg7aCtrFuo) – mainnet Q1 2025
2⃣ Centralize Exchange (https://t.co/EirtWXXTaU)
3⃣ World fastest EVM (https://t.co/iotbUPLGST) – real 15200 TPS
4⃣ Telos Zero layer (DPOS) for governance (https://t.co/7RTPP7dVPo) – 6 years with no… pic.twitter.com/YvSCtZrSWX
— Trung Nguyen (@trungcanhnguyen) September 22, 2024
Key Features of TelosX
Easier Token Listings: Tokens existing within the Telos ecosystem will have a direct line for listing on Telos X. Emerging projects will take less time to find their way into this marketplace.
TLOS Token as a Main Pairing: This would help projects needing access to USDC, BTC, or other larger cryptocurrency assets. On certain occasions, TLOS can help contribute to a project’s liquidity needs.
Rewards: It offers incentives such as reduced trading costs, airdrops, and much more. It also makes TLOS even more helpful because it has a buy-and-burn program.
Global Expansion: It has a clear vision of broadening its outreach to other countries. This would enhance its convenience by allowing users from different nations to take part in trading.
Telos X – A community owned next generation cryptocurrency exchange. #Telos $TLOS https://t.co/T8qRD26DSv pic.twitter.com/R5lDEdgTM7
— TJ (@tjx_crypto) September 19, 2024
John Lilic, the executive director of the Telos Foundation, expressed his excitement about the launch. “We’re thrilled to keep growing the Telos ecosystem and turning it into a leading Web3 venture production studio. With this and through partnership with Binance, we are introducing a whole app layer to our application. This will be of great value to our community, as we will be shifting our focus towards international markets.”
What’s Next for Telos X?
The development of Telos X is a logical progression in the company’s evolution. It is useful for tokens such as TLOS, allowing the swapping of digital assets. It would bring more opportunities for projects and consumers. The company is diversifying its products, which makes it more attractive to the top clients. The exchange will be ready to use in the first quarter of 2025.
— The Telos Foundation (@HelloTelos) September 17, 2024
With the release of Telos X, the Telos Network and everyone associated with the Network are at a new level. It aims to be a new platform through the globalization of tokens and the token’s functionality with the user reward.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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