Wrapped Telos wallet

What is Wrapped Telos (WTLOS)?

Telos runs as two environments over one coin. There is the original chain with its account-name model, and there is Telos EVM, where Solidity contracts run and TLOS behaves the way ETH behaves on Ethereum. Because contracts on an EVM expect the token standard rather than a native coin, TLOS gets wrapped there into WTLOS at one to one, and unwrapped back the same way whenever the holder wants the plain coin again.

The balance covered by this page is not that internal wrapper, though. It is WTLOS as an ERC-20 token on Ethereum, a representation of Telos value parked on a chain that knows nothing about Telos. Two things follow. First, it cannot pay for anything on Telos - no resources, no transactions there - until it is moved back across. Second, every move it makes is an Ethereum transaction charged in ETH, and the trip back to Telos is one of those transactions too.

So this is a token that tends to sit still, then one day needs to be signed back over a bridge. Tangem holds the signing key in the card's secure element, where it stays through all of that: the Ethereum address you receive at is the same address that later authorises the unwrap, whether that happens next week or in three years, and a paired backup card reproduces the same wallet if the first one goes missing. Continuity of that one key is the whole point of keeping it this way.

Supported networks in Tangem (1): Ethereum.