At its core Telos Works is a mechanism for funding community projects. The following is a high-level guide to making a simple proposal and how to navigate the platform along the way.
Any Telos Blockchain Network account holder may publish a project proposal with a designated amount of total required funding, earned across a set number of milestones. Each milestone included in a proposal will run an open ballot that lasts 29 days, and TLOS token holders can vote on these proposals through the Telos Decide contract.
Each proposal is broken up into one or more milestones, configured during the proposal drafting stage. Every milestone included in a proposal will contain a vote that lasts 29 days, and each milestone can request an amount of funding for deliverables unique to that milestone.
Once a proposal has been set up it can be launched for a vote by the Telos Community! If the proposal passes, the first milestone will have been completed and the first round of funding granted. If the vote fails, the proposal is cancelled.
If a proposal contains more milestones beyond the first, they will continue to be launched and voted on in order. Every milestone that passes will reward the predefined amount to the proposer. Note that only 1 milestone will be active at a time.
Telos Works uses a simple deposit/withdraw system for handling funds within the contract and charging payment for service fees.
To make a deposit to cover service fees, simply transfer TLOS to the
works.decide account. Telos Works will catch the transfer and automatically create a deposit balance, if one doesn't already exist. Further deposits and withdrawals will automatically flow from this deposit balance.
5% of total requested funds
The proposal fee required to submit a proposal.
To make a withdrawal from Telos Amend, call the
withdraw action on the