In this blog, we show you how to add Telos to MetaMask wallet. First, we talk a bit about what Telos is and what it does, etc. If you do not want to read about that and directly want to see how to add Telos to MetaMask. You can go down this page and start reading “Getting Telos on MetaMask”.
What is Telos?
Telos is one of the EVM blockchains around that calls itself the home to the fastest EVM. With a battle-tested TPS (Transaction Per Second) of 10,000+. Telos wants to be cheaper, greener, and honest. And beyond its functions, be the leader for a better Web 3.
Telos was originally built on the EOSIO software and thus supports its own native C++ smart contracts. But can also run EVM solidity contracts on its chain. As the first-ever EOSIO chain to do so. On top of that, it improves on many other EVM-competible blockchains, not only with its high TPS. But also with its eco-friendliness, fixed gas fees, community governance, and capability to stop front running.
All these features add to its uniqueness in a multi-chain ecosystem that is ever-expanding. With active development under the lead of Jesse Shulman and Justin Giudici.
For more info check out their website.
How to pay fees on Telos
Like most layer 1 blockchains and some sidechains, Telos has its own token. The $TLOS token, this token works not only for governance on the network but is also used as their main fee token to pay for any kinds of transactions. This means that if you plan on using the layer 1 blockchain, you will need to acquire some $TLOS tokens to transact with DeFi protocols and all other Dapps on the network.
Fees paid on the Telos network in return will be paid back to the validators of the transactions. And these validators also need to hold their own fair share of $TLOS tokens. Because the blockchain uses a Proof Of Stake consensus model.
Smart Contracts on Telos
Smart contracts on Telos work can be built with Solidity like with any other EVM-compatible blockchain. This means that Dapps built on BSC, Terra, or Ethereum can easily switch over to Telos if they change the code just a tiny bit. Making it easy for Dapps on other blockchains to switch to Telos if they think that this will benefit their end-users. And because Telos has quite the TPS compared to other layer 1’s this could be interesting for some.
Besides that the network uses an EVM, it also has its own native smart contract capability built with C++. This means that not only Solidity developers can build on top of it. But also developers that are skilled in C++. This can be great for many as C++ is already a well-known developer language used by many.
Dapps on Telos
As we mentioned before, Telos can run both Solidity and C++ smart contracts, giving it Dapps from basically 2 ecosystems. One is its own native ecosystem and the other is the EVM ecosystem. Which often comes from other chains to the Telos ecosystem.
With projects such as Xpell, Tswaps, and Alcor being built on top of the native C++ base and projects such as Zappy, Tsquirls, and AreaXNFT on its EVM. With a large variety in its ecosystem and the capability to bridge to other EOSIO chains and other EVM blockchains. The Telos Dapp ecosystem could see more growth in the future as crypto adoption rises around the world.
The $TLOS token
You will need the $TLOS token if you plan on using the Telos ecosystem. Luckily the token is already available on some good exchanges like Kucoin and gate. But they have also bridged the token to some other big layer 1 blockchains like Ethereum and BNB Smart Chain. So you can trade it on their large DeFi protocols.
The $TLOS token is held by many in the crypto space with:
- Total Wallet Holders: 984K +
- Native Wallet Holders: 977K +
- ERC-20 Wallet Holders: 1.2K +
- BEP-20 Wallet Holders: 6.6K +
The project never had an ICO or any VC funding and started out with a total supply of 355 million tokens.
Wallets that support Telos
Like all other EVM compatible blockchains Telos can be added to basically any EVM wallet out there. You can add it to many of these wallets as a Custom network. This way you can not only use Telos in that wallet. But also many other EVM blockchains like Polygon at the same time. Down below we take a look at how you can add a network like this one to Metamask. But how you add this to Metamask works more or less the same way as with any other EVM wallet. And will need the same data.
But besides wallets that support the network through a manual add. You can also find some web, desktop, and mobile wallets that support it directly/natively. This means that you will not have to add the network yourself. But can start using it right away with a new or old address. You can find all these wallets here.
If you decide to start using $TLOS in your own wallet instead of a crypto exchange. Please do make sure that you created a good backup. So that if you would lose your device or the wallet software, you can still access your crypto.
Getting Telos on MetaMask
So to add the Telos to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).
Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the Telos.
Now Metamask will ask you for the data needed to connect the wallet to the Telos. Please fill in the list below.
Network Name:TelosAstar RPC URL:https://mainnet.telos.net/evmAstar ChainID:40Symbol: TLOSBlock Explorer URL:https://teloscan.io
When you have done this, you can just click save. And now you have added the Telos to your MetaMask wallet.
If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain.
Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc.
We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use Telos as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting Telos. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how you can add the Telos to your MetaMask wallet. But in case you have Questions regarding Crypto or Ethereum? Feel free to ask them on our socials. Because we are happy to help whenever we can!
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