Rubic takes the best of crypto and integrates the best blockchains in the market. The Telos blockchain has become one of these long ago, as it aims to build fast, scalable, distributed applications with feeless transactions. We’re happy to have such a great partner in our ecosystem, and on December 19th, in honor of Telos, Rubic is launching a grandiose one-week NFT giveaway with Telos and OmniDex!
Read more to catch up on all the highlights.
What’s behind the scenes?
The Rubic & Telos Giveaway starts on December 19th and will last for one week, during which every participant that completes all the steps will get their piece of the prize — exclusive NFTs made by Rubic, in tandem with the Telos blockchain and its partnered DEX — OmniDex! In the future, holders of these NFTs can participate in airdrops from Rubic or its partners.
Get prepared for a cross-chain journey with Telos and OmniDex within Rubic! The first part of the journey includes several steps:
- Perform any swap from any network to the Telos blockchain at https://rubic.exchange/, taking into account the list of tokens available.
- Subscribe to Telos’ and Rubic’s Twitter.
- Prove your swap with a screenshot on Twitter, like and quote tweet the announcement post from Rubic.
4. Claim a Rubic x Telos NFT at https://galxe.com/Rubic/campaign/GCinXUwmuV
Claimable Period — 2022/12/19 00:00–2022/12/26 00:00 GMT+03:00
The second part features OmniDex as a participating provider and contains the following:
- Make an on-chain swap using the below-listed pairs on Rubic via OmniDex, choosing it as the provider on Rubic’s interface.
The list of pairs:
2. Prove your swap with a screenshot on Twitter, like and quote the announcement post from Rubic.
4. Claim a Rubic x OmniDex NFT at https://galxe.com/Rubic/campaign/GCiTQUwZ74
Claimable Period — 2022/12/19 00:00–2022/12/26 00:00 GMT+03:00
Before diving in, let’s have a look at the participating projects, Rubic’s partners, and how they complement Rubic’s family.
Telos: Built to Power Web 3.0
Telos EVM is a scalable solution for Solidity-based applications, intending to revolutionize the DeFi landscape. The Telos blockchain was integrated into Rubic in September 2022, improving Rubic’s infrastructure with one more scalable, fast blockchain for cross-chain and on-chain swaps.
What is Telos?
Telos EVM is not just a fork of the original Ethereum code, but an entirely new EVM redesigned from the ground up. Despite its unique design, Telos EVM offers feature parity with Ethereum, which makes it a good solution for developers and users looking for an Ethereum Virtual Machine to keep up with the demands of mass adoption.
The Telos Network is a real-world-ready blockchain. Through years of challenges and innovation, Telos has grown into a network capable of supporting the extreme demands for the DeFi of tomorrow. Launched in 2018 without an ICO and through a fair token distribution, the lead development team initially utilized the Antelope.io source code and debuted a specialized version with additional layers of governance, tooling, and node configuration requirements.
Through the years, the development team has continued to innovate based on the needs of builders and, in late 2021, launched the first bespoke Ethereum Virtual Machine (tEVM), which runs using a smart contract on the native chain’s quick finality and node infrastructure. The launch of the tEVM has given builders and users two networks, native supporting C++-based applications, and the tEVM, allowing for complete compatibility from any traditional EVM/solidity-based applications.
Features of Telos
Telos EVM avoids the scaling issues that many major EVM alternatives struggle to solve:
Uptime: Operational integrity of the Telos network has maintained a 100% uptime since December 2018 without any breaks, forks, or outages.
No Front Running: Telos is designed to not have a mempool and allows for transactions to be processed on a “First In First Out” basis, eliminating the ability for transactions to be front run.
Transaction Finality: 0.5 second block times. It takes half a second to complete a transaction.
Transaction Throughput: Telos has successfully proven over 10,000 Transactions Per Second in 2 blocks (1 second).
Security: DPOS consensus mechanism provides strong security protection against a 51% attack. Telos requires 2/3s + 1 of the validators to sign blocks.
Fixed Gas Rate: Telos Gas Fees average 0.01 per transaction. In addition, gas fees do not fluctuate with network volume. As a result, costs are more predictable and affordable for users and infrastructure.
Sustainable: Low carbon footprint. A typical transaction currently only consumes 0.000001 kWh to execute.
Smart Contract Support: Developers can build smart contracts on Telos in multiple languages, including Solidity, C++, Go, and Rust. This makes Telos the most compatible and versatile blockchain to build on (Additional language support to be added soon).
Telos Ecosystem: OmniDex
One thing that can’t go unnoticed about the Telos blockchain is its fastly-developing ecosystem consisting of powerful projects, with the Telos Foundation offering grants and various programs for developers. OmniDex is one of these projects. This is the first native DEX built on Telos, and we’re pleased to have it among our giveaway participants!
OmniDex is a decentralized exchange built on the Telos EVM blockchain. By choosing this super-fast, scalable network, OmniDex offers investors rapid low-cost transactions and enables them to avoid many of the potential pitfalls of investing on other networks. Built on the highly scalable Telos EVM, OmniDex offers a suite of decentralized financial tools. Through OmniDex, Telos EVM users are able to earn interest on their assets, obtain credit through over-collateralized loans, and earn CHARM tokens as rewards for providing liquidity in the protocol.
Last but not least!
By integrating Telos and OmniDEX, Rubic allowed users to make cross-chain swaps of the most popular tokens between the Telos and Ethereum, BNB, Polygon, Avalanche, Fantom, Kava, Bitgert, Moonbeam, Cronos, Boba, Oasis, Metis, and Bitcoin chains! Enjoy the new opportunities with one more highly-developed infrastructure which is now a part of Rubic!
Wait for more news & updates in the next upcoming days and prepare for the giveaway!