What is TLOS token?

The token also serves as the fuel that drives transactions within the network, known as gas fees. These fees ensure the smooth functioning of the blockchain by incentivizing miners to process and validate transactions, thereby maintaining the security and integrity of the network.

Resource allocation is another vital function facilitated by TLOS. It enables developers and users to acquire the necessary resources to build and deploy dApps, smart contracts, and other decentralized applications on the Telos Network.

The TLOS token, the fundamental currency of the Telos Network, holds a pivotal position in the intricate workings of its ecosystem. This digital asset is not merely a means of exchange but a cornerstone upon which the network's various functionalities are built.

Staking, a popular feature among cryptocurrency enthusiasts, is also supported by TLOS. By staking their tokens, users can contribute to the security of the network while earning rewards in the form of additional TLOS or other incentives. This process not only strengthens the network but also provides an opportunity for passive income generation.

Network governance, a crucial aspect of maintaining a decentralized and efficient blockchain, relies heavily on TLOS. Holders of TLOS can actively participate in shaping the future of the Telos Network by voting on proposals and contributing to decision-making processes.