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Hello EOSLocally Community!
Today, we have a big announcement to make! Among the many coins we have added to our platform during the first month of 2020, we are excited to announce that BOS and Telos are available to trade on eoslocally.com! Users can use our platform to trade innovative coins that will pave the way for a greater future in cryptocurrency.
EOSLocally, Telos and BOS: how does it work?
EOSLocally is one of the best decentralised and secure person-to-person crypto trading platform, where traders are able to buy and sell cryptocurrencies in a fast and efficient way, either in cash or via online payment in the currency of their choice.
On eoslocally.com, BOS, Telos, and EOS are traded in the exact same way! The only extra step you have to do is “switch” from EOS to BOS or Telos (see the gif below).
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Here’s a brief summary of how you can trade BOS/Telos on our platform:
1. Open Trades
Create an offer or choose an existing one to start trading. After the buyer and seller agree on terms, the seller can transfer BOS/Telos to the secure escrow.
2. Peer-to-Peer FIAT transaction
Send the agreed amount of local currency and confirm the payment. Before the payment, trade cancellation and escrow refunds are possible without any hassle.
3. Release funds
Once the funds have been received, the seller can safely release the escrow. The BOS/Telos amount will instantly be transferred to the buyer’s wallet.
Visit our guide to learn more about how to trade BOS/Telos or EOS on EOSLocally!
What is Telos?
Unlike many cryptocurrencies, Telos performed a true grassroots launch and did not have an ICO which means that the Telos network has fewer regulatory concerns than most coins. Currently sitting at a price of around $0.05 per coin, there are 3 primary reasons why Telos is able to dominate in the cryptocurrency market:
Governance features: Telos has the most advanced blockchain governance features in the world and makes its entire suite of Telos Decide governance tools available to any developer building dapps or DACs on Telos.
Dapp adoption: Between its unique developer features and Telos Works seed funding, the Telos chain has launched and attracted more dapps than any EOSIO chain but EOS itself.
User adoption: Telos innovated free user accounts for EOSIO and is now innovating universal basic transactions (UBTX) to ensure casual users can easily join and use the platform. Other tools like Telos Login make for a friendly and convenient user experience.
A word from Douglas Horn, Telos architect & whitepaper author:
“To me, EOSLocally seems to be a needed and elegant solution for people looking to safely buy or sell EOSIO tokens outside of the traditional exchange system. It’s a new and better twist on the old-school concept of “local” exchange. I’m very pleased that Telos will join EOS and WAX as supported chains. People ask me daily how to buy TLOS tokens and EOSLocally creates a unique new option for many users. Telos aims to connect people with purpose through our powerful blockchain tools and I’m grateful that EOSLocally supports us in this mission.”
What is BOS?
BOS is a decentralized cryptocurrency with the objectives to be the ideal platform for decentralized applications that are intended for real-world use-cases and businesses. Currently sitting at a price of around $0.01 per coin, BOS differentiates itself from other coins in a number of ways:
BOS has all the advantages of EOS.IO which includes: flexible and usable; zero transaction fees; human-readable account names, super-fast confirmation time etc…
It is not restricted to the EOS.IO ecosystem. It has developed inter-blockchain communication through which all other blockchains and cryptocurrencies can freely communicate and pass such as Bitcoin, Ethereum…
BOS is also the fastest blockchain available, being able to reach finality in just 3 seconds! This opens a new world of opportunities for dApps, businesses and games which rely on finality
If you have any questions, feel free to reach us on our telegram channel!