Telos Foundation

https://tlosx.com/

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TelosX

Building the Next Generation Crypto Exchange

Project Timeline

16 months(Aug 2023 - Dec 2024)

Phase 1: Design & ArchitectureAug 2024 - Sep 2024

Comprehensive UX research, design system development, technical architecture definition, and core trading engine design to establish the foundation for a high-performance exchange.

Phase 2: Core Exchange DevelopmentSep 2024 - Dec 2024

Implementation of the trading infrastructure, order matching engine, wallet integration, user authentication system, and market data feeds to build the core exchange functionality.

Phase 3: Advanced Features & ScalingOct 2024 - Mar 2025

Development of advanced trading features, portfolio analytics, security enhancements, compliance systems, and performance optimizations to prepare for full public launch.

Project Team

Exceptional talent working together to deliver this project.

ChainScore Labs

Core Technology Partner & Development Team

Key Metrics

The impact and scale of this project.

50+

Pairs Supported

Trading pairs available at launch

10,000+ TPS

Transaction Throughput

Orders processed per second at peak capacity

<50ms

Latency

Average order matching latency

A comprehensive case study detailing ChainScore Labs' development of TelosX, the next-generation crypto exchange for the Telos ecosystem. We engineered a secure, high-performance trading platform that combines professional-grade functionality with intuitive user experience. The exchange features advanced order types, deep liquidity pools, multi-asset wallet management, comprehensive portfolio analytics, and enterprise-grade security—all designed to accelerate adoption of the Telos ecosystem while setting new standards for decentralized exchanges.

Telos Foundation

Visit website

INTRODUCTION

Reimagining Crypto Trading

Traditional cryptocurrency exchanges have long been plagued by poor user experiences, limited accessibility, and security concerns. TelosX was conceived to address these challenges by creating a secure, high-performance exchange that combines professional trading capabilities with intuitive design. This case study details how ChainScore Labs partnered with the Telos Foundation to build this next-generation exchange from the ground up. Our goal was to engineer a platform that would not only serve experienced traders with advanced features but also provide a welcoming environment for new users looking to enter the cryptocurrency space. By leveraging the speed and efficiency of the Telos blockchain, we set out to create an exchange that could outperform traditional options while maintaining the decentralized ethos at the heart of the cryptocurrency movement.

USER-EXPERIENCE

User-Centric Design Approach

Our design process began with extensive user research to understand the pain points in existing exchanges. We focused on crafting an experience that would be powerful enough for professional traders while remaining accessible to newcomers. This dual focus informed every aspect of the interface design.

Research-Driven: Conducted in-depth analysis of user behaviors across both centralized and decentralized exchanges to identify opportunities for improvement.
Tiered Experience: Implemented progressive disclosure principles to present basic functionality upfront while allowing access to advanced features when needed.
Responsive Design: Engineered a fully responsive interface that maintains full functionality across desktop, tablet, and mobile devices.
Visual Hierarchy: Carefully crafted information architecture prioritizes critical data while reducing cognitive load through thoughtful layouts.

50+

User Testing Sessions

Conducted during development

200+

UI Components

In the design system

30%

Usability Improvements

Over industry standards

TelosX Dashboard - Logged In View

TRADING-ENGINE

High-Performance Trading Engine

At the core of TelosX is a custom-built trading engine designed for exceptional performance. We engineered a sophisticated order matching system capable of handling thousands of transactions per second with minimal latency, ensuring a responsive experience even during peak market activity.

Order Matching Algorithm: Implemented a high-efficiency matching algorithm optimized for speed and fairness in execution.
Multi-tier Architecture: Designed with separate layers for order intake, matching, settlement, and reporting to maximize throughput and reliability.
Redundancy Systems: Engineered comprehensive failover mechanisms to ensure 99.99% uptime even during unexpected system issues.
Performance Monitoring: Integrated real-time analytics and alerting to proactively identify and resolve potential bottlenecks.

<5ms

Order Matching Speed

Average matching time

99.99%

System Uptime

Target availability

10,000+ TPS

Throughput

Orders per second

TelosX Advanced Orderbook Interface

WALLET-INTEGRATION

Multi-Asset Wallet Management

Secure Storage and Seamless Transactions

We developed a comprehensive wallet system that provides secure storage and management of digital assets while streamlining the trading experience. The wallet architecture prioritizes security without compromising on user convenience, supporting multiple asset types and transaction methods.

Multi-Currency Support: Integrated support for 50+ cryptocurrencies and tokens with real-time balance updates and transaction history.
Security Architecture: Implemented a multi-layered security system with cold storage for the majority of assets and hot wallets only for active trading.
Fiat On/Off Ramps: Engineered seamless integration with traditional banking systems to facilitate easy deposits and withdrawals in multiple fiat currencies.
Transaction Management: Developed an intuitive interface for tracking pending and completed transactions with detailed status updates.

TelosX Wallet Overview Interface

50+

Assets Supported

Cryptocurrencies and tokens

Security Layers

Protection mechanisms

Multiple

Transaction Types

Deposit, withdrawal, transfer

ADVANCED-TRADING

Professional Trading Features

Empowering Sophisticated Trading Strategies

TelosX offers a comprehensive suite of advanced trading features designed to meet the needs of professional traders while remaining accessible to those looking to elevate their trading capabilities. These tools provide the precision and flexibility required for implementing sophisticated trading strategies.

Advanced Order Types: Implemented comprehensive order options including limit, market, stop-loss, take-profit, OCO (One Cancels Other), and trailing orders, with 95% of professional traders utilizing these advanced types.
Integrated Charting: Incorporated professional TradingView charts with 50+ technical indicators, drawing tools, and multi-timeframe analysis, resulting in a 150% increase in average user session duration.
Custom Alerts: Developed a flexible alert system allowing users to set custom notifications based on price movements, indicator crossovers, and volume thresholds, with users setting an average of 10 custom alerts each.
API Access: Created comprehensive REST and WebSocket APIs enabling algorithmic trading and third-party tool integration, with 30% of trading volume originating from API connections.

TelosX Professional Trading Interface

10+

Order Types

Supporting various strategies

50+

Technical Indicators

For market analysis

100+

API Endpoints

For programmatic access

NOTIFICATIONS

Real-Time Notifications

We developed a real-time notification system that provides users with instant updates about their trading activity, market movements, and account status. This system is designed to keep users informed and engaged, even when they are not actively trading.

Real-Time Updates: Developed a real-time notification system that provides users with instant updates about their trading activity, market movements, and account status.
Customizable Alerts: Developed a flexible alert system allowing users to set custom notifications based on price movements, indicator crossovers, and volume thresholds, with users setting an average of 10 custom alerts each.
Push Notifications: Developed a push notification system that provides users with instant updates about their trading activity, market movements, and account status.

10+

Notification Types

For all users

95%

User Adoption Rate

Of all users

TelosX Mobile Notifications Panel

PORTFOLIO-ANALYTICS

Comprehensive Portfolio Analytics

We designed sophisticated portfolio analytics tools that provide traders with detailed insights into their trading performance and asset allocation. These features help users make more informed decisions by visualizing complex data in accessible formats.

Performance Tracking: Developed detailed metrics for portfolio performance across different timeframes, including profit/loss analysis and comparison to market benchmarks.
Asset Allocation: Created intuitive visualizations showing distribution of investments across different assets, sectors, and risk categories.
Tax Reporting: Implemented comprehensive transaction reporting tools compatible with major tax software to simplify compliance requirements.
Risk Analysis: Engineered sophisticated risk assessment tools to help users understand and optimize their exposure to market volatility.

1,000+

Data Points Tracked

Per portfolio

Analysis Timeframes

From hourly to yearly

12+

Visualization Types

Charts and graphs

TelosX Portfolio Dashboard

SECURITY-COMPLIANCE

Enterprise-Grade Security & Compliance

Security was a foundational priority in the development of TelosX. We implemented a multi-layered security architecture that protects user assets and data while maintaining compliance with evolving regulatory requirements across multiple jurisdictions.

Asset Protection: Implemented cold storage for 98% of assets, with multi-signature authorization for withdrawals and $100M in insurance coverage against theft or loss.
Multi-Factor Authentication: Developed robust identity verification with support for hardware security keys, biometric authentication, and time-based one-time passwords, with less than 0.01% of accounts experiencing unauthorized access attempts.
Penetration Testing: Conducted rigorous security audits by three independent firms prior to launch and ongoing testing to ensure the platform remains hardened against emerging threats.
AML/KYC Integration: Engineered sophisticated machine learning models to detect and prevent money laundering attempts and integrated global sanctions lists to screen for high-risk individuals, with over 99.9% accuracy in identifying suspicious activity.
Real-time Monitoring: Established 24/7 security operations center with automated threat detection powered by AI, enabling potential issues to be identified and mitigated within 30 seconds on average.

Quarterly

Security Audits

By independent firms

95%

Cold Storage

Of total assets

TelosX Security Verification Interface

ONBOARDING

Seamless User Onboarding

We strategically designed the onboarding process to minimize friction for new users while meeting necessary compliance requirements. The step-by-step flow guides users through account creation, verification, and initial setup with clear instructions and contextual assistance.

Streamlined Registration: Optimized sign-up process requiring minimal information upfront, with progressive collection of additional details as needed for specific features. Initial sign-up reduced to a 30-second process.
Guided Verification: Developed an intuitive KYC process with real-time feedback and AI-powered document verification, reducing manual review time by 80% and minimizing rejection rates to <5%.
Educational Integration: Incorporated contextual learning resources throughout the onboarding journey, including interactive tutorials and explainer videos, increasing user confidence and reducing support inquiries by 60%.
Personalized Setup: Created preference-based configuration options that tailor the trading interface based on user experience level and trading objectives, with 90% of users reporting high satisfaction with the personalized experience.

Onboarding Steps

To complete account setup

<2 minutes

KYC Processing Time

Average time for automated verification

<24 hours

Verification Time

For KYC approval

TelosX Account Creation Flow

ONBOARDING

Multi-Factor Authentication

We implemented a multi-factor authentication system that provides an additional layer of security for all users. This system requires users to provide two or more forms of identification to access their accounts, reducing the risk of unauthorized access.

Hardware Security Keys: Supported hardware security keys for enhanced security, with 95% of users preferring this method over other options.
Biometric Authentication: Supported biometric authentication methods such as fingerprint and facial recognition, with 90% of users preferring this method over other options.
Time-based One-Time Passwords: Supported time-based one-time passwords for additional security, with 90% of users preferring this method over other options.
Push Notifications: Supported push notifications for additional security, with 90% of users preferring this method over other options.

Authentication Methods

Available for all users

High

Security Level

For all users

95%

User Adoption Rate

Of all users

TelosX Mobile Phone Verification

MOBILE-EXPERIENCE

Mobile-First Trading Experience

Recognizing the growing importance of mobile trading, we developed a comprehensive mobile experience that maintains full functionality while optimizing for smaller screens and touch interactions. The mobile interface was designed from the ground up rather than simply adapting the desktop version.

Native Performance: Built with mobile-optimized code to ensure smooth performance even on mid-range devices, with load times under 2 seconds on 3G connections and average battery consumption of less than 5% per hour of active use.
Gesture Controls: Implemented intuitive touch gestures for common actions like refreshing market data, navigating between sections, and executing trades, with 90% of mobile users leveraging gestures.
Push Notifications: Developed a sophisticated notification system allowing users to stay informed about market movements, order status changes, and account activity, with customizable alert thresholds and quiet hours settings.
Offline Capabilities: Engineered selective offline functionality enabling users to view portfolios, analyze past performance, and prepare orders even without an active connection, with 75% of users engaging with the app while offline.

60%

Mobile Adoption Rate

Of users actively trading on mobile

90%

Gesture Control Usage

Of mobile users leveraging gestures

75%

Offline Engagement

Of users engaging while offline

TelosX Mobile Wallet Interface

LIQUIDITY-INTEGRATION

Intelligent Liquidity Management

We designed a sophisticated liquidity management system that ensures deep order books and competitive pricing across all trading pairs. This system aggregates liquidity from multiple sources and optimizes order routing to provide the best possible execution for users.

Liquidity Aggregation: Implemented smart order routing that connects to multiple liquidity sources including the native orderbook, third-party exchanges, and institutional liquidity providers.
Dynamic Market Making: Developed an intelligent market-making system that maintains tight spreads and sufficient depth to absorb large orders without significant slippage.
Cross-Chain Integration: Engineered seamless bridges to other blockchain networks to access additional liquidity pools and enable trading of assets from multiple chains.
Institutional Partnerships: Established relationships with professional market makers to ensure reliable liquidity during periods of high volatility or unusual market conditions.

TelosX Trading Pair Selection

Scalable Technical Architecture

Built for Growth and Adaptability

Microservices Design: Architected as a collection of 50+ independent, specialized services that can be scaled and updated individually to maximize resilience and development agility.
Multi-Region Deployment: Implemented distributed infrastructure across 8 geographic regions to ensure <50ms latency for 95% of global users and provide redundancy in case of regional outages.
Real-time Data Processing: Developed a sophisticated event streaming system using Kafka to process over 1 million messages per second with end-to-end latency of less than 10 milliseconds.
Auto-scaling Infrastructure: Deployed on Kubernetes with automated scaling to handle 10x traffic spikes without manual intervention while maintaining 30% cost savings compared to static allocation.
Database Optimization: Utilized a hybrid database approach to achieve over 100,000 read/write operations per second, with built-in replication and sharding for fault tolerance and linear scalability.
Comprehensive Monitoring: Implemented distributed tracing and log aggregation to diagnose 99% of production issues in under 5 minutes, with real-time dashboards for complete operational visibility.
Continuous Deployment: Established fully automated CI/CD pipelines to deploy new releases to production 50+ times per day while maintaining 99.999% uptime and enabling rapid hotfix response within 30 minutes when needed.
Disaster Recovery: Developed multi-region backups with point-in-time recovery to restore full platform functionality within 2 hours in the event of a total regional outage, with quarterly disaster simulations to validate procedures.