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Telos’ ‘T-Bond’ NFTs purpose to breathe liquidity life into tasks younger and outdated



On Wednesday the Telos blockchain introduced the launch of a brand new device designed to assist low-liquidity tasks fundraise: a NFT product referred to as a “T-Bond.” 

In an interview with Cointelegraph, Douglas Horn — the creator of the Telos whitepaper and the CEO of GoodBlock, a improvement firm who assists with Telos core improvement — mentioned that token-based fundraising is a difficult drawback for each established and new tasks.

“Many crypto tasks face challenges just like our personal. Telos by no means raised any cash in a token sale, however many who have completed ICOs see their funds working low earlier than their tasks are market prepared,” he mentioned. “These tasks discover themselves with token reserves they cannot promote with out instantly tanking their costs as liquid tokens go available on the market.”

One potential resolution is Telos’ new product: the T-Bond. T-Bonds are bundles of fungible tokens which were locked into non-fungible tokens (NFTs) till a sure situation is met — as an illustration, the passage of a sure period of time or the launch of a mainnet.

Because of promoting T-Bonds, tasks can hypothetically raise funds with out tanking their token costs. Moreover, with the arrival of yield-bearing tokens, T-Bonds have the potential to develop into a device for buyers to hedge yield as properly: