TELOS WEEKLY CONTEST-- DApps ON TELOS
The goal of Telos blockchain is to ensure increased adoption of Telos network in Africa. In other to meet this goal, DApps ( decentralised apps) which fans of Telos blockchain can have access to and use on phones and computers are made possible. All run on Telos blockchain.
As a way of entering into Telos Contest for this week, I shall be highlighting just 3 DApps on Telos. You can join in the contest. Find it here
SEEDS
SEED is a mobile DApp, a payment system that empowers humans. It is a digital currency which appreciates and rewards anyone who becomes committed to creating a better planet for everyone.
Using Seeds;
- you have a say in Government
- have a better society for both yourself and your family.
- Communities benefit by having grants to regenerate the environment, collectively own / share assets with others in your community
- get allocations of money for community projects
*organizations gain access to new income streams and increase their brand reach or visibility.
Seeds is the token or currency you get from the platform. Did you know you can already convert fiat to seed and use them on line for transactions? You can also be able to connect them back to your local currency .
The values of seeds are stable and maintained by protocols and initiatives so that seeds are produced, be in circulation , meet new demands and help the society
WORDPROOF.IO
Wordproof.io is a utility DApp that allows content creators enjoy a safer internet. Internet is unsafe because of plagiarism and unauthorised access to work from others. However, all efforts of content writers will not go down the drain because wordproof .io creates a reliable internet for them using blockchain technology.
Wordproof.io is founded by Sebastiaan Van der Lans along with other team of members.
Features of Wordproof.io
Wordproof.io has a time machine which helps to show how content changes over time and as such, tools for verifying the information given are supplied to avoid fake news.
Wordproof.io also has a verifiable trust that allows visitors to see when last you edited your content, so they would be updated, thus making information got more accurate. Visitors can even verify what was changed.
Wordproof.io has copy right protection . It makes use of time stamp that protects the right of publishers because they get notified in case of anyone trying to infringe on their right.
KOIN
This is another crypto token used on Tlos platform. Its community is called bettors.
In Koin, all benefit equally, no free token is set aside for the founder. Members and founder alike all hold their token and convert at same rate.
KOIN blockchain DApp has a KOIN smart contract where TLOS tokens are saved. In KOIN DApp, small withdrawal fees are charged but no transaction nor deposit fee are vharged using TLOS block explorer.
In KOIN, games are played and tokens won. For members who play in a game, when they win, the KOIN token supply is increased while price goes down. But if a bettor loses, token price will go up while the supply decreases.
However, to participate in KOIN token, it has to be a legal thing in your country. So do your findings.
CONCLUSION
Since Telos mainnet inception in 2018, many more DApps are working now on Telos blockchain. These three mentioned above are for the purpose of the challenge. Many more will be highlighted and featured from time to time because DApps are important part of Telos community.
Thanks for the long read.
*For image sources and more read, visit 1, 2 and 3
Written by @adoore-eu
Telos id: adorable1234