What Is Theos (THEOS)?

Theos (THEOS) is a blockchain-based platform that allows users to use NFTs as mortgages to raise liquidity instantly. According to the whitepaper, Theos aims to build an NFT marketplace that automatically converts NFTs into a mortgage or insurance contract based on their value. 

Nontraditional returns have attracted many people to the NFT space, while empowering artists or owners to govern their distinctive intellectual property. However, in a rapidly transforming blockchain industry, NFTs in their current form do not offer much as an asset when used in isolation. For NFTs to change the status quo of the financial systems, it is imperative to use new ideas to put NFTs to use. To bring innovation to an otherwise static asset class, Theos seeks to build a marketplace that enables raising instant liquidity for NFTs through market mechanisms P6. Theos also seeks to set the price and enable the transfer of start-up tokens that have not yet been open for trade. 

In short, Theos enables minting, auction, and trading of NFTs and focuses on social and environmental responsibility. These features include:

• User-friendly minting protocol: Theos seeks to introduce a user-friendly protocol with simple features for NFT minting. 

• Instant liquidity: The protocol seeks to connect creators and curators of art with patrons, facilitating instant liquidity for NFT owners. 

• Price discovery: Theos seeks to enable price determination of NFTs in decentralized markets. 

• Collaborative creation: The platform intends to create seamless ways of co-creating NFTs. Users can remove NFTs that do not offer much artistic value, thus raising NFT quality and social acceptance. Through unique mechanisms of the protocol, budding artists can gain exposure and approval from leading creators in an open environment. 

• Pre-commitment to social issues: On Theos, artists must commit to social causes irrespective of being recognized for their work. Pre-commitment clauses on smart contracts allow rolling contributions from a creator. 

THEOS seeks to be commercially affordable and at the same time environment friendly. Keeping this in mind, the creators chose to build the platform on the Cardano blockchain because Cardano's proof-of-stake consensus process uses little energy while maintaining high security.

To efficiently run the protocol and attract more users, the platform uses its native THEOS token. The token fuels each transaction and provides a rewards mechanism for users. The token utility involves two fundamental interactions: staking and liquidity mining. Staking THEOS allows access to special features like bidding on verified auctions, access to liquidity mining rewards, facilitating referrals, voting, and more. 

History of Theos (THEOS)

Board members of Theos include Alex Tai, association president and member: David Feo from the legal team; Pablo Lobo, the founder and association member; and Mark Berger, an association member.