Introduction

Cryptocurrency quickly gained great popularity among many investors. Since bitcoin has risen to the skies, many even those people who have nothing to do with investments have become seriously interested in them. This has produced a real informational boom all over the world.

However, in 2010, no one could have imagined that it would take such a serious turn. But what are we seeing now? BTC is certainly popular, but investors are increasingly beginning to give preference to altcoins. And this process is logical and quite expected. A coin with such an outdated architecture cannot maintain a monopoly in the market. Many developers have something to offer people.

In addition, BTC has very attackable algorithm of consensus, called PoW (Proof-of-work). It does not guarantee protection against some planned attacks, such as double spending, 51% attack and selfish mining. In addition, in coins with the PoW algorithm, mining is used to get a reward. This requires a lot of energy, which negatively affects the ecological state of the planet.

If you are opposed to the irrational use of resources granted to us by nature, then you should abandon mining. But this does not mean that you should refuse to invest in cryptocurrency, because coins based on PoS (proof of stake) technology do not need mining, and do not have the other problems listed above.

The project team of the TELOX coin project took into account all the shortcomings of BTC and, thanks to innovative methods, created a new altcoin, which absorbed all the best from its predecessors.

In order to receive a new TELOX coin award, you do not need to resort to mining, because the blockchain technology works on PoS. Also, our coin is reliable and protected from hacker attacks and speculative actions.

Telox idea

Our feature is the Android / IOS mobile application with its own wallet, and with ability to enter into a smart-contract, and soon we will be able to choose between ETH and TELOX. This will be our own unique development based on blockchain technology, which allows us to enter into a smart contract, paying with TELOX coins. Thus, we will be able to go beyond the boundaries established by the developers of ETH and introduce new features .

The “quick payment” mode allows you to make a deposit for ten days and receive 10.5% of the deposited amount every day. This is a good way to make quick money, as well as for those who want to test the operation of the system.

For those who are not in a hurry and want to earn a lot in the long run, the “big profit” mode has been created. For 2 months, you will receive 3.3% of the deposited amount. Thus, upon the expiration of the term, you will receive 200% of the deposit.

In addition, in our plans to give the TELOX coin community the opportunity to choose the further changes they want to see in our application. We will create a vote of several points, and you can directly participate in the selection of future updates. It is the TELOX coin community that will determine its fate, because we appreciate you.

Goal

Swift transactions.

Transactions are made only with 1 confirmation.

Environmentally Friendly
Unlike other coins, we use the POS algorithm, which does not require energy costs.

Low Inflation
Due to the block rewards MN holders coins inflation is kept to a minimum.

Safe code
The code of our coin is checked for errors, which means that the coin will work stably[/size]

Roadmap

Here is what we hav[/b]e got planned for next year.

Q4 2018

TELOX was founded in September 2018. A Core Team was formed and started to brainstorm ideas of implementation for this project.

Already done :

Network launch
Blockchain Starts
Lite Paper relise
Launching Website
Windows and Linux wallets

In process :

UI development
Listing on Cryptobridge
Releases final version of the whitepaper

Q1 2019

Gaining popularity
UI development
Listing on Cryptobridge
Releases final version of the whitepaper
Listing on Coinmarketcup
Listing on Masternodes.pro

Q2 2019

Application development

Final testing TELOX platform
Debbugging bugs
Buying own servers for platform to make it stable

Q3 2019

additing different coins
support staff selection
Providing new features to the application(such as paying in usd,euro and so on)

Coin info

Coin name                               TELOX
Coin tiker                                 TLX
Block time                               60 sec
Rewards masternode             80%
Rewards    PoS                       20%
Max supply                              19 000 000 N-eX
Premine                                  200 000 N-eX
Collateral                                 1000 N-eX

Block height                          Reward

1 - 15 000 blocks                     3   TLX
15 001 - 30 000                       4   TLX
30 001 - 50 000                       5   TLX

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