EOSP on Telos & TLOSP on EOS.
10,000 Telos for reimbursement to pay back the 30 EOS + 1000 Steem + Telos Ram + time creating the Telos Backed TLOSP on EOS which is set to launch as a peg on newdex and is also trading on steem-engine.com DEX
- 2000 TLOSP for TLOSP airdrop for listing on EOS trading zone + extra 500 telos for Tipit promotion campaign to educate EOS users on the option of buying telos using an EOS account using TLOSP which is backed by Telos and lets them withdraw at any time, since setting up a seperate telos account is a massive roadblock for a large majority of eos users who will simply never come over unless dramatic telos price action happens. So to make it easier we have a TLOSP peg now available and I’d like to be reimbursed for the money I paid and have more available for a campaign to promote this new EOS token that is pegged to telos, backed by telos users can withdraw, and comes with a companion token EOSP on telos.
Overview
TLOSP and EOSP are pegs of Telos and EOS, to allow EOS to be on Telos and Telos to be on EOS in the form of pegged tokens backed by main net Telos and EOS which can be redeemed via privex.io gateway for 1% deposits and withdraw fee. Newdex can also list these TLOSP and EOSP pegs so they will be on a second dex, and funds are requested to pay for customary Airdrop for newdex listing. We can also ask EOS/ Telos South Africa Rory to add EOSP to the bancor liquidity pool and peg that token to EOS price, but its price will naturally arbitrage from users able to get cheap EOSP from depositing EOS to Steem Engine. Users can always withdraw it if the price is too low and spend the EOS main net tokens which you can keep on steem-engine github privex gateway using your own private keys:
https://steemit.com/steemengine/@ackza/steem-engine-is-open-source-and-with-your-help-we-can-add-more-tokens-and-optimize-the-site-for-mobile-browsers-we-can-invest https://cryptotoken-converter.readthedocs.io/en/latest/payments/payments.coin_handlers.html https://github.com/steem-engine-exchange https://github.com/Privex/cryptotoken-converter
Here details surrounding the above 3 links are discussed and the documentation link is included to explain the process and all privex gateway coinhandler details are available on the github.
Goals
To reimburse for the creation of TLOSP on EOS & EOSP on Telos. Both pegs are backed by each others tokens using Steem-engine.com EOSP and TLOSP with EOSIO account on eos and telos steemenginex. New sub goals will emerge for improving this open source system.
https://bloks.io/account/steemenginex https://telos.bloks.io/account/steemenginex
To pay for a newdex Airdrop of TLOSP and EOSP to promote the new feature of being able to purchase a telos pegged token on EOS, or buying an EOS pegged token on telos.
To promote the idea that users can now buy Telos with just an EOS account, no telos account needed, and vica versa, allowing Telos accounts to hold EOS, without needing an EOS account. After this proposal pays for this work and listing airdrop, Telos will have easier EOS Accessibility and privex and steem engine are both willing to work with telos community later on and use tools like TLOSDAC if the token grows too powerful with too much telos in the Steemenginex telos account that backs it for comfort, and the community will be notified of any changes in the steemenginex smart contract. We hope to set a standard for pegged tokens and gateways and I believe the system privex.io has set up is the best in the world with only a few groups like stellarx or bitrex having anything useful in in comparison.
Specifications
Smart Contracts for TLOSP and EOSP on steemenginex account holding all backed telos and eos https://bloks.io/account/steemenginex
https://bloks.io/tokens/TLOSP-eos-steemenginex
https://telos.bloks.io/tokens/EOSP-telos-steemenginex
Steem-engine.com DEX markets for EOSp and TLOSPP
https://steem-engine.com/?p=market&t=TLOSP
https://steem-engine.com/?p=market&t=EOSP
https://steem-engine.rocks/transactions?symbol=tlosp Block Explorer for TLOSP Txs
The TLOSP transactions can be monitored here and at the Steem Engine Privex Token Handler Github
(Example of the Gateway Backend processing a Telos to TLOSP conversion)
Withdraw Telos Main Net from TLOSP on Steem-Engine.com or by sending TLOSP on steem to eos-peg with memo TLOS and eos account. Users can also send Telos to steemenginex and use TLOSP steem account as the memo to receive TLOSP, both have a 1% fee. Users can also now withdraw to TLOSP on EOS, an EOS token, and deposit this EOS TLOSP to Steem Engine for TLOSP. TLOSP will be on Tipit and Newdex, allowing it to be the first EOS token for Telos that no eos user needs a telos account in order to purchase. Newdex may become a very popular place for these pegs. Users of EOS won’t need a telos wallet to simply buy “telos” or TLOSP which will be backed by real telos, and allow users to at anytime to withdraw real telos.
Here we see the withdraw and deposit method at steem-engine.com users can go between EOSP TLOSP and EOS and Telos.
To get TLOSP on EOS, send TLOSP to eos-peg with the memo EOSTELOS your_eos_name . and to get EOSP on Telos, send EOSP to eos-peg with the memo TELOSEOS your_telos_name
TelosP will also be available on Tipit within the next few days, and then TLOSP tipping will allow for the first telos to be sent over twitter. TLOSP will also be available to trade on newdex in early Q1 and we will also see EOSP listing on newdex telos trading zone. If this proposal goes well i can expect a smooth launch of EOS and Telos BTCP to help provide the first Usable Bitcoin Peg on EOS where users can withdraw or deposit to receive the token. Backing of the token is done through steem but with a second proposal we can create a telos dapp or telos.net listed service for steemenginex using some of the features now only available to experienced users on the github.
Zachary Williams 12.30.2019
https://Steemit.com/@ackza https://steemit.com/@telosteem Telos: ackzaontelos
Telos recipient: sandiegocoin Steem: ackza Eos: zackzackzack Telegram: ackza
Email: zackza@gmail.com Telos Funds requested: 12,500 Telos
Purpose: Reimbursement for the creation and deployment and pay for listing airdrop fees of TLOSP on EOS and EOSP on Telos
- Promotion of TLOSP and EOSP as Tipit tokens on Twitter Discord Telegram and Newdex Listing Airdrop Promotion. Users can learn about TLOSP on EOS, and how they can buy Telos with EOS. And telos users will be able to buy EOS with EOSP on telos newdex trading zone.
- At least 2500 Telos will be paid to privex.io to encourage further work on telos, and a new Privex.io telos proposal is being encouraged for Private Server Payments using telos perhaps even using Dstor if possible, however not necessary. EOS is already accepted using scatter for privex.io server so telos payments can be added.
This proposal was brought to you by Telos SAND, San Diego’s Telos Leader! If anyone in San Diego needs advice on Telos call the special Steem Eos Telos SAND Hotline 619 500 3748 https://SanDiegoCoin.org