Telos Blockchain Announces a New ‘T-Bond’ NFT 0 19

On (Wednesday) December 30, 2020, the Telos blockchain announced the launch of its new tool. The firm confirmed that the name of the new NFT product it has launched is “T-Bond”. The Telos blockchain confirmed to its users as well as the entire crypto-community the purpose of the new tool.

It announced that the new tool has been designed by Telos to help projects with low-liquidity raise funds. Just recently, Douglas Horn, who is the author of the whitepaper for Telos talked about raising funds through tokens. Horn is also the CEO of GoodBlock, which is a development company and is known for assisting Telos with core development projects.

Horn stated that ever since the beginning of the crypto-industry, the process of raising funds via tokens has been a complex and problematic task. It is not the new and startup firms that face this problem but even the well-established projects face these problems.

He stated that there are many other cryptocurrency projects that face the same problems as they do. He clarified that Telos has never tried raising any funds through the sale of tokens. However, there are many other cryptocurrency firms that have done it in the form of Initial Coin Offerings (ICO). Unfortunately, the majority of the firms end up losing or running low on their finances even before their offerings hit the markets.

As a result, these projects end up with tokens that are reserved in their blockchains and they cannot even sell them. If they want to carry out the selling process, they have to fuel their prices on their own before they start getting liquidated through the markets.

This is where the new NFT “T-Bond” comes into play and with its solution, can solve the problem once and for all. Horn stated that although T-Bonds non-fungible tokens (NFT), yet they have fungible tokens locked inside of them. He stated that these fungible tokens remain locked and unlock only when certain conditions are met.

The example Horn gave to give a better understanding of the method is that the fungible tokens remain locked until the launch of mainnet or a certain amount of time is reached.

With the help of the T-Bonds, the projects will no longer have to tank the prices of the tokens and will be able to raise funds without the traditional tanking maneuver.

Born added that now that the yield-bearing tokens have been introduced, the service potential of T-Bonds has also increased. Now, the investors will be able to carry out hedge yields with the help of the T-Bonds.

In addition to this, the Telos network will also be accompanied by the first applications from the T-Bonds in order to build liquidity for the TLOS Token.

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Bitcoin Will Drop Down to $20k a Piece, Says the Guggenheim CIO 0 8

It was just two weeks ago when Bitcoin (BTC) prices were hitting their all-time high of $41k per Bitcoin (BTC). Then suddenly the prices of Bitcoin (BTC) starting dropping significantly. In a matter of 48-hours, the price of Bitcoin (BTC) came down by $11k only to bounce back to $35k in the next couple of hours.

However, since the set-back, Bitcoin (BTC) has been having a hard time keeping up. Although there were many analysts who predicted Bitcoin’s price drop was due, yet they stated that it will grow in price again. Right after the plunge, Bitcoin (BTC) did manage to make a comeback but it was not a long-lived success.

In a matter of days, Bitcoin (BTC) again came all the way down to $33k per Bitcoin (BTC) and then again bounced back. Just a few days back Bitcoin (BTC) managed to go all the way up to $38k per Bitcoin (BTC). However, it is again sitting at $33k apiece, which goes onto show exactly how volatile Bitcoin (BTC) has become.

Bitcoin (BTC) has again become extremely volatile in the past two weeks. As it keeps showing the volatile nature, many investors have started growing uncertain about its stability. There are many investors who have already sold their Bitcoin (BTC) with fears of facing another plunge since 2017.

Based on the above case, one of the senior executives at Guggenheim Partners has made his prediction around Bitcoin (BTC) price. According to the executive, Bitcoin (BTC) is currently destined to go all the way down to $20k per BTC. No matter how many times it fluctuates and it manages to go up, Bitcoin (BTC) will eventually drop down to $20k per BTC.

According to the Guggenheim executive, Scott Minerd, Bitcoin (BTC) will not be able to hit an all-time high for the rest of the year 2021. Minerd shared his views around the price of Bitcoin (BTC) in an episode of the “Closing Bell” show airing on CNBC.

Minerd predicted that after hitting an all-time high of $41k per BTC, it is highly unlikely for Bitcoin (BTC) to again hit an all-time high in the running year.

Although Minerd has made this prediction around Bitcoin (BTC) price looking at the current situation, it does not mean that he has started criticizing Bitcoin (BTC).

According to him, Bitcoin (BTC) is still one of the most reliable investment assets and will continue to grow with respect to the adoption rate. Despite his recent comment about Bitcoin (BTC) taking a plunge down to $20k per Bitcoin (BTC), he still maintains his stance on another prediction.

Minerd has predicted that one day, Bitcoin (BTC) will manage to hit the $400k per BTC mark.

Dubai Regulatory Authority to Introduce Cryptocurrency Regulations 0 8

It was almost 11 years ago when the cryptocurrency industry was introduced to the entire world with the launch of Bitcoin (BTC). At that time, the industry was strongly opposed by the regulatory authorities as well as financial institutions.

The need for the cryptocurrency industry was felt when the traditional finance institutions had started taking too much control of people’s personal information. It was the financial institutions that had started dictating people and putting too much pressure on people.

That was the time when there was a need for an alternative to the traditional financial system to be established. A system that granted people the authority to control how much of the personal information they wanted to share with the providers. The cryptocurrency industry was developed on a decentralized platform that did not appreciate the interference of third parties. Whether it was a sale, purchase, or trade, there were no intermediaries involved on this platform.

However, the financial institutions as well as many countries started opposing the idea and were not ready to adopt the platform. As time went by, the cryptocurrency industry has grown enormous and has reached a cryptocurrency community of 200 million active users.

Just recently, the cryptocurrency industry hit a market capitalization of $1 trillion. This has brought the cryptocurrency industry into the spotlight and countries from around the world have started adopting the industry.

One of the recent countries that are looking forward to welcoming cryptocurrency on its soil is Dubai. According to the recent reports, the major regulatory authorities from Dubai are currently in the process of composing the regulatory guidelines in the country.

The Dubai regulatory agencies involved in the process include the Dubai International Financial Centre and the Financial Services Authority. These regulatory authorities are currently involved in enhancing the regulatory structure as well as the regulations in the country.

The Dubai Financial Services Authority has revealed that it is planning to ready and launch the regulatory framework for diverse digital assets for the years 2021 and 2022. The announcement was made by the DFSA on the working of the digital assets regulatory framework on January 18, 2021.

Once the new regulatory infrastructure is released and implemented, it will turn out to be very essential for the cryptocurrency industry in Dubai. It will allow the cryptocurrency firms in the country to provide their services on a larger scale. They will be able to offer investors more trading assets and will also be able to target businesses and enterprises in the country.

Most importantly, the firms will have full support from the Dubai regulatory authorities in the expansion of new services being introduced in the Bitcoin (BTC) verse.

The DFSA has announced that it will be publishing two consultation papers that will be public for commenting and feedback.

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