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December 22, 2023
Integration Announcement: Poolz Finance
5
min read
The Telos Network is excited to announce its strategic integration with Poolz Finance, a leading decentralized fundraising platform that has not only pioneered unique tools to help safeguard its users but has successfully conducted over 125 IDOs for various Web 3.0 projects. This significant integration demonstrates our ongoing commitment to building a composable DeFi ecosystem for our community to enjoy.
Integration Highlights:
Enhanced Project Launching: With Poolz’s comprehensive project registration and council voting system, Telos Network users can access well-vetted projects, ensuring increased transparency and reliability in investments.
Broadened User Participation: Poolz’s open signup and Whitelisting process, driven by POOLX token deposits, provides an equitable platform for Telos users to participate in promising IDOs.
Innovative Token Generation: Poolz’s synthetic token generation mechanism facilitates token sales, complementing Telos Network’s high-speed tEVM capabilities.
Secure Investment Environment: The insured model of Poolz offers additional security to the Telos Community, offering better protection of investments in case of project shortfalls.
Cross-Chain Functionality: Poolz’s operation across multiple chains like Ethereum, BNB Chain, Solana, and Avalanche, aligns with Telos Network's vision of a multi-chain future, enhancing the reach and flexibility for Telos users.
Community Rewards: The Poolz Boost program presents an opportunity for Telos community members to earn rewards and access exclusive benefits by participating in IDOs.
Conclusion:
With our +1.2 million user accounts, numerous dApps, and commitment to scalability, security, and decentralization, our integration with Poolz Finance is a welcomed addition to our growing DeFi ecosystem. With Poolz Finance, we enhance our DeFi offerings to the Telos community and continue paving the way for more innovative and decentralized solutions.
Disclaimer
The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.
About The Telos Foundation
Telos is a decentralized blockchain ecosystem that includes Telos EVM, which is tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. With its continued focus on helping push forward the global adoption of Zero Knowledge technology, Telos is also currently developing a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, with the goal of enhancing privacy and scalability for global use cases at scale. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.
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