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What is Telcoin (TEL)?
Telcoin basic info
What is Telcoin (TEL)?
Telcoin is a decentralized financial platform that allows users to access a global suite of user-owned financial products. It serves as a medium of exchange, reserve asset, and protocol token, incentivizing market participants such as telecoms and active users to provide value-added services to end-users.
The Telcoin ecosystem is aligned towards providing every mobile phone user in the world with access to fast and affordable financial products that are user-owned. Telcoin Remittances, the company's launch product, provides low-cost, high-speed digital money transfers to mobile money platforms and e-wallets. The recently launched Version 3 of the platform includes two user-owned financial products, The Send Money Smarter Network (SMS) and TELxchange, a decentralized digital asset exchange.
Who are the Founders of Telcoin (TEL)?
Paul Neuner, an experienced entrepreneur in the telecommunications and cybersecurity industry, founded Telcoin in 2017. He has lived and worked in various parts of the world, including the Middle East and Asia, and is a graduate of The University of Notre Dame. Prior to his involvement with Telcoin, Neuner co-founded Mobius, a startup that provides fraud management services for mobile network operators. He also founded Sedona, a next-generation telecom fraud management service that offers sovereign mobile financial services.
What makes Telcoin (TEL) Unique?
Telcoin's objective is to make decentralized finance into simple, automated, and user-owned applications, and distribute those products and services through telecoms to mobile phone users worldwide. Telecoms have more than 5 billion users, making them the largest existing base of known global retail users. DeFi has already transformed finance by allowing user-owned, automated, non-custodial applications that are accessible to anyone with an internet connection and that execute in code rather than through intermediary institutions. Telcoin is capitalizing on this opportunity by partnering with telecoms and allowing them to offer superior, decentralized, automated financial products to their subscribers while assuming only a fraction of traditional finance counterparty, execution, and custody risk.
How do Network Consensus and Validation Work on Telcoin (TEL)?
Telcoin operates on the Ethereum blockchain and employs a hybrid consensus mechanism comprising Proof-of-Stake (PoS) and Proof-of-Concept (PoC). In PoS, validators are motivated to participate in the network by submitting a stake of ETH, which they can use to earn rewards for helping to secure the network.
What is TEL Used For?
TEL is a cryptocurrency that is commonly used for quick and affordable international money transfers among Telcoin users. Additionally, TEL is utilized for staking and liquidity farming on Telcoin's TelX DeFi platform.
Conclusion
With its growing partnerships and innovative solutions, Telcoin has the power to transform the global financial industry. By offering accessible and efficient financial services, Telcoin can provide millions of individuals with the support they need.
TEL supply and tokenomics
Uniqueness
The top exchanges for trading in Telcoin are currently KuCoin, Quickswap, Balancer, Uniswap, and 1inch Exchange. You can find others listed on our crypto exchanges page.
What Is Telcoin (TEL)? Telcoin (TEL)
Telcoin (TEL) is the native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform. TEL enables end users to seamlessly access and power a global suite of user owned, decentralized financial products. TEL incentives coordinate market participants, such as telecoms and active users, to provide specific value added services to end users of the platform, aligning the incentives of the Telcoin ecosystem towards providing every mobile phone user in the world with access to fast and affordable, user-owned financial products.
Formal Documentation can be found here:
The Telcoin Platform Telcoin is a user-owned, decentralized financial platform powered by active Telcoin users, Mobile Network Operators, and Mobile Financial Service Providers. By aligning telecoms around a user-owned, decentralized financial platform, Telcoin aims to provide every mobile phone user in the world with access to fast and affordable, user-owned financial products far superior to traditional banking services.
Telcoin Pte. Ltd. Established in July 2017 in Singapore, Telcoin leverages blockchain technology to provide access to decentralized financial services on any mobile device. The company’s launch product, Telcoin Remittances, is focused on high-speed, low-cost digital money transfers to mobile money platforms and e-wallets. Telcoin Remittances connect with telecom, mobile money, and e-wallet partners globally to make sending money convenient, affordable, and secure.
Telcoin recently launched Version 3 of the platform, which introduced two user-owned financial products including The Send Money Smarter Network (SMS) a user-owned, global remittance network and TELxchange, a user-owned, decentralized digital asset exchange.
Telcoin is regulated in Singapore as a Major Payment Institution by the Monetary Authority of Singapore. Telcoin is also registered and regulated in a number of other global markets, including Canada and Australia, and maintains primary offices in Singapore, Tokyo, Dubai, and Los Angeles. Telcoin has been an active member of the GSMA since February 2018.
Who Are the Founders of Telcoin?. Telcoin was founded in 2017 by Paul Neuner, a serial entrepreneur with more than 12 years of experience in the telecommunications and cybersecurity space. A graduate of The University of Notre Dame, he has lived and worked across the globe, primarily in the Middle East and Asia.
Neuner previously co-founded Mobius, a startup that provides fraud management services for mobile network operators. In 2018, he also founded Sedona, a next-generation telecom fraud management service that offers sovereign mobile financial services.
What Makes Telcoin Unique?. Telcoin aims to productize decentralized finance into seamless, automated, user owned applications and distribute those products and services through telecoms to every mobile phone user in the world.
With over 5 billion users, Telecoms are positioned to provide the largest base of existing, known global retail users with access to financial products via mobile phones they use every day.
DeFi has revolutionized finance by enabling the creation of user owned, automated, non-custodial applications accessible to everyone with an internet connection that execute in code rather than through intermediary institutions.
Telcoin is capturing this market opportunity by aligning with telecoms and enabling them to distribute superior, decentralized, automated financial products to their subscribers, taking on a fraction of traditional finance counterparty, execution, and custody risk.
How Many Telcoin (TEL) Tokens Are There in Circulation? Telcoin is built on the Ethereum blockchain. At its launch in 2017, 25 percent of the tokens were distributed in crowdsale to investors. Another 15 percent were retained by the Telcoin Team, with a 5 percent liquidity fund.
The maximum number of tokens on the network are fixed at 100,000,000,000 TEL. Currently, approximately 50 percent of the tokens (50,270,110,195 TEL) have been issued.
How Is Telcoin Secured? Telcoin is an ERC-20 token native to Ethereum, one of the most secure computing networks in the world. Via the Telcoin Mobile Application, TEL users can securely store and transact their assets using a 2 for 3 multi-signature ethereum wallet and never have to worry about secure generation and store of alpha-numeric private keys or 12 to 24 word secret phrases.
Where Can You Buy the Telcoin (TEL)? Although TEL is a very popular crypto asset, few exchanges provide the facility to purchase TEL tokens against fiat. You can buy TEL tokens against cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
The top exchanges for buying, selling, and trading in Telcoin (TEL) currently are:
KuCoin
Uniswap
Balancer
1inch Exchange
Sushiswap
Sushiswap (polygon)
Quickswap (polygon)
Bilaxy
Token utility
Telcoin (TEL) is the native medium of exchange, reserve asset and protocol token of the Telcoin user-owned, decentralized financial platform. TEL enables end users to seamlessly access and power a global suite of user owned, decentralized financial products. TEL incentives coordinate market participants, such as telecoms and active users, to provide specific value added services to end users of the platform, aligning the incentives of the Telcoin ecosystem towards providing every mobile phone user in the world with access to fast and affordable, user-owned financial products.
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What is the development prospect and future value of TEL?
The market value of TEL currently stands at $256.65M, and its market ranking is #119. The value of TEL is widely recognized by the market. When the bull market comes, the market value of TEL will likely continue to increase.
Moreover, if TEL can play a greater role in practical applications, such as Telcoin builders fully leveraging the potential of TEL, partnering with more businesses, and increasing its user base, the long-term value of TEL will be significantly enhanced.
Is TEL worth investing or holding? How to buy TEL from a crypto exchange?
How to get Telcoin through other methods？
What is Telcoin used for and how to use Telcoin?
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