The case for Telos against EOS
Case for why Telos is undervalued and EOS still overvalued.
EOS price have taken a lot of beating recently after latest announcement of its creator Dan Larimer leaving Block.One to most likely focus on other projects:
https://www.voice.com/post/@dan/resignation-as-cto-of-blockone-1610285996-1071500676
This news have become a last straw for most hardcore EOS believers who sold their last EOS holdings: https://twitter.com/COLINTCRYPTO/status/1348402208090566658
The market price is always a reliable indicator of prevailing sentiment:
For the Blockchain that once took solid top #5 spot in market capitalization this have been a long leg down to spot #16 on Coinmarketcap below Monero and Bitcoin SV.
The main reason for EOS downfall is clear:
1. Lack of clear roadmap for development;
2. No marketing plan for EOS from B1;
3. Passive community of Block Producers mainly concentrated in Asia (with few notable exceptions): https://bloks.io/
4. Damaged public reputation with vote trading;
5. Many technical teams left EOS to join other projects with better incentive model;
6. Dan Larimer leaving is a “last nail”.
As a result EOS have been one of the worst performing cryptocurrencies.
If you are an EOS Hodler vs Bitcoin Hodler since 2018 — you are most likely a net looser.
This article is not written to create FUD about EOS but rather to state obvious, learn from mistakes made and move forward, but also give hope to EOS token holders.
I have been one of few original block producer candidates who helped to launch EOS Blockchain and hardcore EOS enthusiast. I am still very bullish on EOSIO open source technology.
Most token holders are unaware that there have been a number of forks of EOSIO code since EOS launch. Some are more successful than others.
I would like to specifically highlight Telos Blockchain as one of very promising EOSIO forks that one day may eclipse EOS.
I have written an article about Telos Blockchain back in Sep 8, 2020: https://cryptotribe.medium.com/the-story-of-telos-blockchain-and-why-its-one-of-the-undervalued-coins-dcc68fe6e9e0
Looking retrospectively, EOS price have remained at the same level of $2.75 while Telos price have recently seen some positive dynamics and have increased 50% from $0.024 to $0.036:
Considering Telos total supply of 355M coins with zero inflation versus 1.026 Billion of EOS growing at 5% annual inflation — I see a lot of upside for TLOS coin versus EOS.
There have been some exciting new development by Telos community including upcoming launch of T-Bonds NFTs, which can bring a lot more liquidity to TLOS token: https://www.coindesk.com/blockchain-platform-telos-launches-crypto-tokens-that-act-like-treasurys
More on upcoming T-Bonds sale on January 18, 2021: https://telos.net/first-sales-of-t-bond-nfts/
There are other exciting projects being built on Telos that have not been announced yet but will have positive impact in the future.
Hence if you are looking to turn your EOS losses into future gains — your best bet may be small but fast growing projects like Telos: https://telos.net.
Telos recently published 2021 Roadmap for development plans: https://telos.net/telos-technical-roadmap-2021/
If you are developer — join Telos developer community on Telegram: https://t.me/dappstelos
Disclaimer: I am member of Telos community and run validating node on the network. Being an insider in EOS, Telos and other EOSIO chains gives me unique perspective on current state of each chain.
Hence I express my personal opinion in this article and by no means it’s an investment advice. Do your own research before making a decision in which project to invest.
We are all in very early days of Cryptocurrencies and it’s hard to say which project will become future Amazon and Google in this space, and which project will go down in History like AOL. Hence manage your risks and always make informed decisions.