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LONDON, UK, December 30, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Telos, one of the world’s most active blockchain platforms, today announced the launch of T-Bond NFT, a new merger of DeFi and NFT as a tool for unlocking liquidity. T-Bonds are an innovation from DeFi that allows tokens to be locked into transferable non-fungible tokens (NFTs) which are then unlocked when the due date or other due conditions are met. These T-Bond NFTs can be sold or traded in secondary markets for investment purposes or as a return hedge for tokens offering staking rewards, just like US Treasuries or “T-Bills”.
Today, projects face significant challenges when raising funds in the cryptocurrency ecosystem. A common scenario is when a project sells tokens at a reduced rate to support a technical step, such as a launch on the mainnet. As the company makes the tokens available through exchanges, buyers immediately capitalize on any early discounts they have received by selling their tokens. This undermines the purpose of selling original tokens, which is to sustainably support the long-term growth of the project.
T-Bond NFTs solve this problem by allowing cryptocurrency projects to sell tokens that are locked in an NFT until the T-Bond maturity conditions are met. While the most common maturity condition might be a specific date, it can also be based on milestones such as the release of the test network, backbone, or other technical feature of a project or even a specific symbolic price. If a buyer needs access to liquidity before the maturity condition is met, they can simply sell their NFT in any supported secondary market. A T-Bond NFT can change hands as often as needed until its lifetime is reached, at which time the current owner can unlock its liquidity.
“T-Bond NFTs offer a new and powerful option for any project seeking funding based on future technical achievements,” said Douglas Horn, chief architect of the Telos blockchain. to see their token drop in value and community support drop. T-Bond NFTs create an ecosystem where projects can raise funds through investors, who in turn have the freedom to sell their NFTs in the secondary market without affecting the price of the token. facilitates a much more sustainable model by exploiting the new synergy between DeFi and NFTs. ”
T-Bonds have a life cycle with three periods: creation, holding / trading and maturity. DAOs or crypto projects of any type can issue T-Bonds. NFT T-Bonds are sold by their issuer to an initial buyer for another currency at a discount to compensate the issuer for the illiquid nature of the underlying tokens. NFT T-Bond is not technically a bond, because unlike a bond, which is a debt instrument, a T-Bond transfers ownership of the underlying tokens whenever the NFT is sold, so it there is never a claim. Like bonds, the valuation of a T-Bond NFT is a function of its face value linked to its expected time to reach maturity compared to alternative forms of return. With tokens that offer staking rewards, T-Bonds may see their current value increase if the return on staking rewards drops, and vice versa, creating an opportunity to hedge or speculate on returns. With this, T-Bond NFTs can form the basis of an exciting new class of DeFi derivatives.
The first use of T-Bond NFTs will be by Telos itself, as it uses existing TLOS reserves to create a large ETH / TLOS liquidity pool on Uniswap under the new TULIP plan. The sale will be organized within two weeks. More information on the TLOS T-Bond NFT inaugural sale will be announced within 48 hours before the start of the sale on telos.net, where you will also find more information and tutorials on how to participate. Other projects will follow quickly, using open source tools and documentation provided by Telos.
ABOUT TELOS:
Telos is a high capacity network and one of the most active blockchain platforms in the world according to Blocktivity. Telos has a robust third-generation blockchain governance system that includes advanced voting features and smart contracts that can be fully configured to meet the needs of any developer. Created by developers, for developers as a core global project, Telos is one of the most decentralized blockchain platforms around. Telos Decide ™ extends the chain’s state-of-the-art blockchain and governance features to all DApps on its platform, providing the best user experience on the market. Telos also supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through community-voted development grants. For more information, please visit telos.net.
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