Category Archive : Bounties

3 Bounty Votings on Dashboard

There are currently 3 different Bounty/Votings on Dashboard that you can participate in.

First one to close, less than a week later, is TELOS LED-SCREEN ADVERTISINGS voting.

Which, as the name already suggests, is about collecting some Telos to Fund some modern-day billboard advertising, which nowadays is being handled by LED-Screens instead of actual physical posters.

I first thought what a silly idea to use Billboards to advertise Cryptos until Discord user Bitcoin_Bond_007 told me how these things work nowadays. Apparently, due to the LED-Screen nature, you could have them show only for one specific hour, and only in some specific locations, making it both cheap and effective.

As an example, suppose there is a Crypto coin conference in Berlin. Now imagine then that this conference opens on Friday at 7 PM. Well, how about having LED-screens showing Telos from 5 pm to 7 pm on all the roads that lead to the conference place?
You only need a couple of those Led-Screens and only for a very short time, meaning the price is not that high, and yet, the audience is very targeted!

I admit, I had completely missed where modern day billboards are nowadays, but likely not everyone was as out of date like me and this have so far received 150 votes, which in Telos means 150k Telos since one vote costs 1k Telos. So looking good, but could use some more still.

Second one to close, bit less than a month later (21st April), is “New Listing at Probit Exchange”-voting

This is about getting Telos listed at Probit Exchange, which CoinMarketCap seems to be ranking as number 26 exchange at the time of writing this.

Similar to the previous voting, in this one too each vote costs 1k Telos and so far it has got only 9 votes. So if you like to see Telos listed on more Exchanges, here is your chance to make it happen by giving it some more votes.

Last one to close (22nd April) is “Creating Complete WhitePaper”-vote

This is for all you who have been complaining about Telos not having proper White Paper.

As you might know, Pascal doesn’t really like making a White Paper, hence there is now a vote/bounty for this specific purpose to hire someone proper to make a proper White Paper.

Like in the previous two, each vote costs 1k Telos and the vote target is 50 votes, but the real target is actually 100k Telos. It is just that BitCoin_Bond_007 has promised to give the other 50k, as long as voting gets the first 50k.

Currently Whitepaper vote has 0 votes, meaning that either you people who complain about missing proper white paper stop complaining about it, or you go and do some voting.

Biki 2.5 Million TELOS give away!

Biki Exchange, that was told about in one of the previous articles in TELOSNEWS.COM, and which rushed TELOS price up a bit to make it a top gainer in coinmarketcap for a while, have now announced a 2.5 Million TELOS give away!

This give away is separated into two different events.

The first one that started the 10th day, and that ends already tomorrow, is the Invite your friends part whereby inviting at least 10 people to Biki Exchange, you will get 1 000 TELOS as a reward. This is open for the first 1 000 people only, and 1 Million TELOS is reserved for that.

The second part will start tomorrow, and lasts one week until the 22nd of Jan.

In this second part, it is all about trading. There are 1.5 Million TELOS given to people who trade TELOS at Biki Exchange during that time, and this means both buys and sells, and this 1.5 Million is divided based upon how much each trade. So if you traded 1 Million Telos during that time, you will likely be getting quite a big chunk of that 1.5 Million to yourself.

In last 5 days time, there have been roughly 1 Million Telos per day traded, which would mean that if same continues, in a week there would be 7 Million TELOS traded, and that would mean that if you bought (or sold) TELOS during that time, then for each 5 TELOS you would buy (or sell), you would get 1 extra TELOS on top of that. So 20 percent extra TELOS for your buys. Now that’s some cheap TELOS!

Expect the price to rise again I guess.

Governance.rocks has 1 new voting and 1 new bounty

Governance.rocks is currently having 1 new vote and 1 new bounty.

Voting has to do with Stakegrinding, which in simple terms means that someone is able to get much more staking rewards than he should and which was reported by TELOSNEWS.COM in an earlier article.

This problem can be fixed immediately, and it can be done in two different ways.

The hard way is that a new fork is needed which means that all the nodes and all would need to be set up again for the new fork.

The easier way is to simply turn the staking off completely. No staking, no rewards, not even for the stake grinders, but this means no staking then.

However, since Telos anyway has 70 percent of its coins locked to master nodes, and damage isn’t that bad, instead of doing an immediate fix, the problem can be fixed next summer when next fork is anyway going to happen.

Personally I think this problem is such a minor one, and we can expect more similar-sized problems to happen in future, that I don’t really see sense in fixing every small problem with such heavy features but let the problem exist until next natural fork and while that happens, fix the small problem along.

You anyway now have a chance to voice your opinion by picking one of 4 options:

  1. Fix immediately by removing staking.
  2. Fix Immediately by making a new fork (requires reinstalling all nodes)
  3. Wait until next fork, but fix it by removing staking completely.
  4. Wait until next fork, and just fix it.

The second new one in governance.rocks is a Donation bounty for marketing.

Telos is going to be listed at biki.com exchange, and instead of usual just get listed, this time plan is to list Telos by specific timing (decided mainly by biki.com), and by a marketing campaign.

Marketing campaign, however, costs, especially when idea is to place banners at places like MNO and coinmarketcap.

Therefore if you like the marketing campaign to be bigger, you now have a chance to donate to it.

As an additional incentive, I myself promise to donate 1 telos for every 2 Telos put to that bounty up to 100 000 Telos by the last day of this year.

Right now there are 100 000 Telos, so on the last day of this year I will be putting 50 000 Telos there more, but if you readers put there another 100 000 Telos still, then instead of putting just 50 000 Telos, I will be putting 100 000 Telos there.

Hurry up and fill up that donation Bounty!

Android Wallet is now free – Bounty Coins moved to make iOS Wallet free Bounty

Now there is no more excuse for you to not having Telos Wallet in your Android devices since Android Wallet has now become free for everyone to download.

However, Bounty intended to make Android Wallet free never got filled and the collected bounty amount is now moved to serve another purpose, to make the iOS Wallet free.

Right now iOS Wallet costs you 9,99, but that can all be changed by filling up the governance.rocks bounty that is now concentrating on getting iOS Wallet free of charge like its companion Android Wallet now is.

So hurry up people and donate your share of Telos to the bounty before the price of Telos goes up even more making donations that much more expensive to make. Had you done it back in time already, you would have got it done for half the price than it is now.

kiva.org bounty – Join Kiva Telos team to earn some Telos

“Give a man a fish, and he be hungry tomorrow – Teach him to fish, and he is never hungry again”

This is basically the principle upon which Kiva operates.

Some peoples fathers and forefathers choices didn’t bring the same amount of fruit out as some others, especially western fathers, choices did.

Is it fair? that depends upon your view. The only way to be equal is to leave all the babies to the hospital’s floor right after they are born and let them survive themselves as they can (and that still doesn’t rule out the possibility that the hospital floor of some babies happen to disappear due to earthquake, making it still unfair to those ones). If this is not the choice we decide to make, then some will have better and more capable parents than others, and that is the reality.

However, that doesn’t mean that we who happened to be born to a more successful line of fathers shouldn’t give a damn about those who didn’t.

There has been a lot of good criticism in giving direct help to people since that is like giving the before mentioned fish, making them both hungry tomorrow, and perhaps even helpless to find anything else than expecting to get another fish from us.

Kiva, however, operates with a different principle.

In Kiva, you don’t even donate money to people, but you are actually giving them a loan.

And the principle of this loan is that this loan is a life-changing loan to them, making it possible to make their dream of earning their own living come true.

While westerns dreams might be pretty expensive and vain, like dreaming a world round trip, many peoples dream is simply to have a relatively cheap tool for us to make up a living. A tool of 25 USD might be out of reach for many people, especially for the bankless people who might make even less than 1 USD a day, and this price of couple of hamburgers left uneaten by us can make these peoples dream of making their own living a true.

Not only does it make them be able to make a living, but also feed their families, and sometimes even resulting in businesses that will bring living to even more people than just themselves.

On top of that, since we are talking of a loan here, this one 25 USD will not just change a life of one man, but when he is able to pay it back you can use that same 25 USD to loan for the next unbanked poor man.

When taking into account the cumulative effect of some of these growing into businesses supporting more than just one man, by loaning this same sum again and again after getting it back, you might well be making even 1000 people be able to make it possible to earn their living during your lifetime, with just 25 USD.

To support this idea, there is now a new TELOS bounty.

Kiva has a TELOS team. Join this Telos Team, and you will get 50 TELOS.

Even better, Lend to one of the Kiva credit projects and choose to do this as a TELOS team member, and you will get 1000 TELOS.

So now you don’t need to loan 25 USD anymore, but less, since you are getting 1050 TELOS back right after you loan.

This bounty has a total amount of one million Telos to be claimed and can be claimed only once per person.

As an additional incentive, part of Devs idea is that if TELOS team can have enough people there, even KIVA will notice this and then when Dev contacts KIVA to introduce them to the benefits that Telos can offer to bankless world (as example fight against hyperinflation), they will be much more willing to hear as they see TELOS has already done something to them.

Now go and make your life make a difference!