There are many versions of blockchain platforms, and it can seem difficult to move assets at will. Now, London-based blockchain platform Telos has been working with cross-chain system pNetwork[1], allowing assets to move freely between different blockchains.
Telos intends to create an ERC-20 version[2] of its TLOS token, connecting it to the Ethereum network and expanding its accessibility. This initiative will help Telos, which has over 600,000 accounts, to expand its network further while maintaining decentralization.
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Telos plans to list its new ERC-20 token on the decentralized trading platform Uniswap[4] in March 2021. Telos also plans[5] to tap into the Ethereum community while making it easier for anyone to buy or build on its platform.
The company recently raised more than $200,000 in the sale of its T-Bonds asset.
T-Bonds are liquidity NFT (non-fungible tokens) invented by Telos, which enables it to fund its token listing on exchanges, starting with the creation of a large TLOS:ETH liquidity pool on Uniswap[6].
The Telos-Ethereum bridge will enable TLOS to be moved into Ethereum's DeFi ecosystem. There is almost $30 billion[7] locked into DeFi and the Uniswap platform.
Uniswaps touts a 24-hour trading volume[8] of $1 billion, with over 30,000 token pairs and total liquidity of over $4 billion.
Douglas Horn, Telos chief architect, said: "Our integration with pNetwork and Uniswap listing allows Telos to reach new heights as a DeFi and developer-focused network as well as the world's most advanced blockchain governance platform for dapps."
Advances in blockchain interoperability will allow companies like Telos to keep the blockchain network decentralized. The Telos network is one of the