I have been very busy lately and hence several news items regarding the world of Transcendence/Telos have not been written. But now that an important offer is almost ending, although it might be extended with the same or different price, I am writing this guide for you people to be able to grab the offer.

I meant to write separate articles about this but didn’t get it done, so here is a brief version of Pascal’s new plans that he has been talking about.

The plan is to take a different approach from before. Before he threw whole loads of things out, and now he finally realized the same thing some of us have said to him long before, as in, how about concentrating on a bit fewer things? And that is basically what he is now doing.

Part of this new plan is that Telos is not dead, but he doesn’t plan on making updates to it currently. Telos will continue to be accepted as a payment option for services, but other than that, there are no plans for Telos currently, and might not be in the future either, unless someone wants to take Telos over.

XBTX on the other hand will be the coin of the future in current plans, although, right now nothing is happening to XBTX.

If you have been following Discord chats in the Telos world, you might have noticed there has been lots of trouble getting the Telos blockchain to sync properly and not fork away. No one knows which fork currently is the Telos fork. I suppose this is part of the reason for moving future development out of Telos.

To get a working blockchain is of course a must to be able to move coins/tokens properly around, and since fixing current blockchain issues are bit difficult in the current state where active users have dropped significantly low, Pascal is now taking a bit of a side step in hopes of fixing the situation by having created PARA Token to BNB-blockchain (BEP20).

The idea is that you can now Swap, or trade, or however you like to look at it, your Telos Coins and XBTX tokens to PARA Tokens.

However, this is only a temporary solution to get things moving again and being able to promote PARA tokens to new people, and some point in the future, when XBTX version 2 is ready, PARA Tokens will be swapped, traded, or however you like to look at it, back to XBTX.

So in a nutshell. You can now trade your XBTX and Telos coins into PARA Tokens, and in the future, you will be able to trade PARA Tokens into XBTX(2) again.

To make it clear. PARA Token is not a new coin that is going to replace XBTX and Teloscoin, it is currently only meant to be a temporary solution to existing problems, and when things are fixed and better again, things will move back to XBTX again. That is the plan.

NOW TO THE ACTUAL OFFER AND HOW TO GRAB IT.

Pascal made a public announcement on the 1st of August making an offer that he said is valid for 30 days, which is in practice probably to the end of this month, as in, ending 4 days later. He did however hint he might extend the offer time, but there is no guarantee it will be for the same price.

Offer is following:

You can trade following coins to get PARA Tokens:

1 PARA (XBTX token) –> 1 PARA (BEP20) Token

5 XBTX –> 1 PARA Token

100 TELOS –> 1 PARA Token

100 KTS –> 1 PARA Token

100 BIRAKE –> 1 PARA Token

100 LCG –> 1 PARA Token

2 SFD –> 1 PARA Token

1 AML –> 1 PARA Token

1 BAM –> 1 PARA Token

1 USDT –> 1 PARA Token

1 UNIPIG -> 100 000 PARA Token

INSTRUCTIONS ON HOW TO GRAB THIS OFFER

First you need to make BEP20 compatible wallet address for yourself, one option would be to use Metamask.io

NOTICE! When you make this address, do remember to copy its Privatekey somewhere to store it, because if you lose access to your wallet, you can use Privatekey to get your wallet back.

But do keep in mind that if someone else gets access to your private key, then he can do whatever he wants with your wallet.

After this is done, you still have to make your wallet to see your Para Tokens (If they are there, they are there regardless if you see them or not, so you could do this at a later point as well).

To start, You need to change the Network you are connected to:

First Click on “Network Selection”-button (RED 1) and you should see the above list of networks.

Choose “Add Network” (RED 2)

This should result in the following page:

Click on “Add“-button (Circled in RED in picture) beside “BNB Smart Chain (Previously Binance Smart Chain Mainnet)” (underlined in RED in picture)

This should result in the Approval page showing up:

Click again on “Change Network”-button like earlier (RED 1)

Choose the now available “BNB Smart Chain“-option from the list (RED 2)

And you are connected to BNB Smart Chain network.
However, while you will now see your BNB coins, you still won’t see your PARA Tokens:

To fix this, click on “+ import Token”: (RED circled)

This will open the “Custom token“-page:

This is the contract address of PARA, which in other words is when PARA token was created, and through this Import Token is able to Import PARA to your wallet.

“Token symbol”-part is a free choice, but I would suggest using for example “PARA” for you yourself to recognize it.

Token decimal you can leave to 10 as it is.

click “Add custom token”, and you should see something like this:

And now, finally, click on “Import tokens”-button, and you are done:

Now that You are able to both see and receive your PARA Tokens from the deal to your just-created wallet address, let’s move on to making the actual Deal.

TO MAKE THE DEAL, YOU NEED TO FILL THE CONTRACT. You can download that contract from here:

This contract is mostly quite self-explanatory, however, couple of places to note:

First of all, don’t forget to put your wallet address where to receive your Para Tokens (RED 1), and notice that if you are exchanging more than one Coin into Para Tokens, it is enough that you put the wallet address just once to the first line.

“Destination address to send your coins to Papara International AG” (RED 2) I suppose you left it empty and wait for the contract to be sent back to you after it is accepted, however, do notice about next note.

“Source” (RED 3) is a bit trickier and requires a longer explanation because of BUTs regarding this.

Basically, it is quite simple. You tell where your coins are, for example, your Teloscoin wallet address, so that when you send them from that address to Pascal, he will then know those are coins from you, and that your part of the deal is done and he can start sending PARA Tokens to you.

BUT, it isn’t quite that simple. For as already mentioned earlier, people are not able to sync their wallets, and hence not able to send their coins either. Bitdorado is also having problems and currently coins are stuck there.

So while the idea basically is that you would send your coins to Pascal, and then Pascal would send PARA Tokens to you, due to this not being really possible, there are now some options on how to do this.

Bitdorado – You can take a screenshot of your current balance, and then add it as an attachment to the email in which you are sending the contract too. The idea with this is that Pascal accepts that you have for example 100k Teloscoins in your Bitdorado balance, and the deal is basically that as soon as it becomes possible to send those coins to Pascal, you will send them, and Pascal will trust that you will do so in a timely manner and give you your PARA Tokens already now.

Teloscoin Wallet – Since it is quite difficult currently to get your wallet to sync and without it forking, and therefore send the coins, you could alternatively, especially if you are exchanging all your coins in your wallet to PARA Tokens, send Pascal your Private Key instead.

Remember how I mentioned earlier when making Bep20 wallet about never giving your Private Key to anyone, This is exactly why, since by giving your Private Key to Pascal, he is able to fully control your wallet, and therefore that is one way to “send your coins” to Pascal, but remember, he gets access to your whole wallet, so I would suggest using this only if you are exchanging all your coins in your wallet to PARA Tokens.

Regarding Stuck Exchanges or Similar, I guess you could try if the same applies as to Bitdorado, maybe Pascal accepts the deal.

After you have filled and saved the contract, send it to the email address: dennis@papara.vision

and wait for the answer. As long as you send this contract with possibly the required attachments before month changes, I suppose you will get the deal, even if the answer would come much later.

Should I change my Coins to PARA Tokens?

I meant to have a longer, separate, article about this, but will now write just shortly.

Teloscoins are at their bottom, and since Pascal isn’t planning on working on it in the future, except for adding for payments, I would say switching to PARA is likely the better chance to get some value out of them. If you have lots of Teloscoins, like I do, then you could look at leaving some of them for yourself, depending on your plans. For example, Bitdorado Turkey is hosted by third parties, and at least so far they have not shown signs of stopping to use Teloscoins for their TIERS leveling, so if you are after the TIERS, then might be a good move to leave some for yourself. Also, you could leave maybe 100k coins left to be able to run a master node in the future, if things start going on again. Other than that, I would suggest changing your Teloscoins to PARA coins, but remember, this is just my opinion, not financial advice, and it is your own stupidity if you decide to do as I say.

There is also one more reason to do so. For Pascal has said there will be an airdrop of 10 million PARA coins to the top 500 users, of which how to claim this airdrop for yourself you can read more from this Telosnews.com article.

If these are evenly distributed, it could mean 20 thousand PARA Tokens per top 500 users, and with the current 100 to 1 offer, that would mean 2 Million Teloscoins. So even if you are planning on hanging to Teloscoins, it might still be worth changing them to PARA Tokens at this point, and after airdrop, back to Teloscoins, to get significantly more Teloscoins possibly, which of course depends upon how the price of PARA Token and Teloscoin develops. Anyway, Pascal has said he is planning on adding an automated system of being able to swap between PARA-XBTX/Teloscoin, so should be doable.

Regarding the chances of being one of the top 500 users. Well, right now there is one bit higher paying bounty which gives you 1000 PARA Tokens, but it is difficult, you need to have 100 followers on twitter to do it, which most won’t. Other bounties are giving only 50 PARA Tokens, although some can be done more than once.

So basically getting past 50 PARA Tokens might be enough already, and especially if you get past 1000, I think even if more people join, and no more high-paying Bounties come, then I guess that is quite a guarantee to get to the top 500 Users and receive the Airdrop. Now 1000 PARA Tokens can be obtained by having 100k Teloscoins. Would say that if you have at least 20k Teloscoins, then at least now it would look like you would quite likely be getting to the top 500 users for the airdrop, unless things change in the middle.

What comes to XBTX, this one is a bit trickier, since PARA Tokens will eventually be exchanged back to XBTX Coins if the plan goes as I have currently understood it, so it could happen that one or the other is more expensive. So one way would be to switch half of your XBTX to PARA tokens to guarantee getting to the top 500 users (supposing you have a good amount) and that way split the risk of price development favoring one or the other greatly.

PARA (XBTX) is obvious to change into PARA Tokens (Bep20), since these are essentially the same thing, but PARA (XBTX) to my understanding will disappear now in favor of PARA Token (Bep20)

It is unknown if nothing is going to happen with KTS, so could consider exchanging them all to make sure at least something happens.

AML seems to be buried too based upon Pascal’s last talks about it, if I understood right. BAM and LCG I don’t know enough to comment.

BIR is owned by a third party, so I have no clue what their plans are nor if it would be wise to exchange or keep them.

SFD I don’t even know what it is, and USDT is USDT, If you wish to use them to buy some PARA, you can, but it isn’t like USDT wouldn’t be useful in the future too.

As a last thing, Discord username Micke pointed me out that if you exchange to PARA Tokens with the idea of getting your share from the airdrop, you should also prepare a small amount of BNB to your wallet to be able to get this airdrop. And after checking a bit more, there are other things you need to do as well to be eligible for the PARA Token airdrop, which you can find in this small Telosnews.com article detailing them better.

edit 2023-08-29: Original instructions to see your PARA Tokens weren’t enough to see them yet, it was missing the part about changing your Network to BNB Smart Chain network in metamask, article now updated to include that part too.

As official Telos Explorer is currently not working, it is good that Discord username GünterFaltin announced the availability of unofficial Teloscoin Explorer available at the following URL:

https://explorer.1337.cx/

And he also made an unofficial Bitcoin Subsidium (XBTX) explorer which is available at:

https://xbtx.1337.cx/

Thank you very much GünterFaltin!

As far as I know, Pascal is mainly stuck in bureaucracy, more specifically on taxes.

That however haven’t prevented things from happening, but things have happened, although I haven’t wrote about them much, mainly since most of the stuff have been in Germany to germans, and since there haven’t happened big enough concrete stuff that I have felt as being report worthy.

Add to this that I have been quite busy myself, and hence have left all the smaller news without a report.

But fear not, things may be moving slowly, but they are moving, and forward.

It appears we have a new roadmap for this year ready based upon that Pascal tweeted it, well, actually not so new since this was tweeted already a month ago.

It appears to be very similar in style to the previous Roadmap for 2020 in that it tells only about some technical things and mainly leaves all the fun stuff out, like Cryptomages. But then again, Cryptomages didn’t come out in 2020, so maybe it was for accuracy.

When reading this roadmap, it is good to compare it to the previous one to have some idea how well these plans will come together. I would say, without actually thoroughly checking it, that about half of what was in roadmap 2020, did happen, and then another 1/4th happened in some different form than originally planned, and another 1/4th didn’t happen. So perhaps this is what we can expect from this one too.

But what is there now:

TELOS WALLET isn’t really telling us much anything. It mentions there are going to be two votings, one about Telos fundamentals (rewards, collateral, split) and another about a hard fork, which actually sounds pretty much the same as the first one, except that it adds voting about magnet links, which seems to be connected to the third thing mentioned, which is to add Transcendence Cloud to wallet I suppose, although the wording is just talking about adding magnet links to use in Transcendence Cloud (which it says will be voted on hard fork part?)

In short. Seems the plan from technical stuff is to add Transcendence Cloud (used to be Amicloud) to Wallet and add a Magnetic link feature to be able to use it with the blockchain. And non technically to have votes about telos fundamentals, which will probably happen through Dashboard actually, although they technically are Wallet features.

XBTX WALLET section mentions only DYNANET being added, more about that in the DYNANET DEX part.

XBTX ASSETS section mentions a couple of Assets that are planned to be created using the XBTX Asset creation system:

AML token is for the AML-Now KYC system
BAM (Brick And Mortar) is meant for real estate stuff
EUREX is to my understanding Euro Bound token, meaning the price of one Eurex should always be exactly one Euro
CO2 token is meant for Greenbox (a different version of a Bluebox).

DYNANET DEX tells in more detail about the DYNANET that is mentioned in the XBTX Wallet part. It is planned that next month first trusted nodes will be put up for this Dynanet DEX, and I suppose these are the same trusted nodes that I have mentioned in “Telos R – What is it?”-article, which also tells you more about the part where it mentions Telos R as one of the roadmap features in DYNANET.

It also mentions that DYNANET will have Crosschain feature that will be used by bitdorado, probably meaning that Bitdorado could be used as an exchange basically.

Swap & Merge part I leave uncommented, since I am too unsure what exactly it is talking about.

TRANSCENDENCE DASHBOARD tells about stuff that has actually partially been even done already (I saw the first work-in-progress version of this Roadmap already at February I think). It mentions built-in KYC, which might be the AML there already, or maybe something else, Built-in Masternode hosting, meaning you can easily set up master nodes without tech-how just using the dashboard, and hash power renting using the dashboard, which is basically the same as we have in Bitdorado already but would be doable directly from the dashboard.

Cloud I suppose is the same as Transcendence Cloud in the TELOS WALLET section, and Multiservice is just vaguely without details mentioning that there is a plan to merge Indiego, Cloud, and dashboard all into the same. That basically I suppose Indiego store would work through the dashboard. Last, CO2 token is mentioned again, as it was mentioned in XBTX ASSETS already once.

GENERAL UPDATES mentions built-in arbitrage trading, does it mean that users can do it automatically or something else, is not told. Tax reporting is mentioned, and have also to at least some part even added to the dashboard already, I myself used it for end of year tax reporting already. And then there is mention of antifraud on the on-chain analysis level. I am not sure how exactly that works, but I guess this vague description gives already quite a good idea of the general idea.

This is the plan, and hopefully it works out fully and more stuff comes too. Based upon how the 2020 roadmap happened, I suppose we can expect quite many of these to become reality and some more stuff too that are not mentioned here at all.

There’s a new writer in town writing about the best subject available – Teloscoin!

The writer’s name is Onat_42 and he has dedicated a whole section in Publish0x for Telocoin.

His first article is, as the title of the article suggests, about Vpiggys which have been covered by TELOSNEWS.COM before as well. However, onat_42 approaches the subject from a more practical point of view, like how to get them in practice.

So if you got interested in Vpiggys having read about them from TELOSNEWS.COM, it might be a wise next step to head on to read onat_42’s article about both how to actually get them and use them.

Head on to read it from:

Publish0x

and based upon his own writing, in the future, there should be more articles coming from onat_42 which we will be looking forward to reading.

Thanks to Bitcoin_Bond_007 of YourBrainOnBlockChain who asked for it, and G0dz0r who showed the plugin, you have now been able for a week already to share TELOSNEWS.COM articles very easily on social medias by just clicking on one of those social media share buttons above TELOSNEWS.COM articles, the ones like in this one.

Its been existing for about three weeks already but it is never too late to join it: the Telegram Group for Transcendence/Telos (and XBTX) have been set up by ZenH2O and you are free to join it.

If you feel Discord is just not enough or you just prefer Telegram otherwise, this is a good option and as far as I have checked it, there is usually quite a load of unread messages waiting there every time I remember the thing exists and check it.

http://t.me/teloscointranscendenceblockchain

Obviously my German wasn’t that good when I in news about the previous part wrote they might have mentioned a week for the next part to come out, for next part already did come out, a day apart, and actually, the third and last one is about to start too about same time as this article is published, so get on there now and read this later.

Also, I guess the competition wasn’t for each video separately, but I guess from parts 1 and 2 together, and part 3, the one about to start, would be announcing the winner.

So if you are really quick you can still join the competition, check the rules from part 1s description.

Part 2 was all about use cases. It starts by showing a wonderful news media around 1-minute location and goes on to talk about it at a later point again, definitely TELOSNEWS.COM favorite part of all three videos.

After this, it moves on to tell about Aeguana Vending machines (not covered by TELOSNEWS.COM yet) and Telos Pay (which neither have been covered yet), so well worth a watch. But do remember, in German only, so check this article for instructions on how to get the subtitles.

As expected, Lucky Seven has once again delivered Telos related article on this Monday too.

This time article is giving a nice roundup on what has happened lately in Telos world, so basically same stuff as TELOSNEWS.COM have already been talking about, but now in one place and in shorter form. Not to mention that whole TELOSNEWS.COM was originally inspired by Lucky Sevens previous one week round up of things that had happened at Telos land, which brought a thought of, wouldn’t it be handy having some place where all things Telos would always be gathered in such a short and handy way? And here we are full round telling here about Lucky Sevens article.

Pick where you want to read it:

CryptoAcid

Publish0x

Medium

Steemit

Minds

Today is the day we see the birth of a new news media called TELOSNEWS.COM – The best way to keep up to date on all things related to Transcendence/Telos, or to just get to know what all is happening around it without previous knowledge.

And that was pretty much the idea of this site.

Expect to see News, Rumors, and perhaps even interviews of happenings.