What is Telcoin and How does Telcoin work?

What is Telcoin (TEL)?

Telcoin – Send Money Smarter

Telcoin (TEL) is the leading financial technology destination available in the market. The platform leverages the blockchain to offer better speed and low-cost national and international remittances. People around the world are able to send and receive money with ease. TEL is the popular and new cryptocurrency based on Ethereum (ETH) blockchain that is accepted by telecom operators. The Telecom operators are published Telcoin based on transaction volume.

Who are the founders of Telcoin (TEL)?

Telcoin was introduced by Paul Neuner and Claude Eguienta in March 2017. Eguienta completed masters in computer science. During the initial stage, Eguienta worked in start-ups and other tech organizations. These companies focused on cryptocurrency and distributed systems. Before introducing Telcoin, Eguenta introduced Kabotip. Also, served as a system architect in the CyberAgent company. He also acts in a lead advisory capacity to TenX.

How many Telcoins (TEL) are in circulation?

As mentioned earlier, Telcoin (TEL) is probably built on the Ethereum (ETH) blockchain. During the Telcoin launch in Mar 2017, 25% of the Telcoins are distributed in a crowd sale to Telcoin investors. Another 15% are maintained by Telcoin (TEL) employees, with just a 5% liquidity amount.

The current price of Telcoin is $0.02321. Telcoin (TEL) is up 2.32 per cent on the last day. The maximum supply of Telcoins is 100 billion. This maximum number of coins on the blockchain network is fixed. At present, 50% of Telcoins are been issued.

What makes Telcoin (TEL) unique?

TEL strives to productize the decentralized financial system into seamless, user-owned apps and distribute such products or services via Telecoms to each mobile user around the world.

There are more than 5 billion active users on Telcoin. Telecoms are placed to offer the largest number of existing and leading retail users with access to massive amounts of products and services through mobiles users use daily.

DeFi has transformed finance by allowing users to access non-custodial apps with internet connectivity. No intermediary institutions are involved.

Features of Telcoin (TEL)

  • Send money smarter
  • Flexible Telcom API
  • Expanding smart mobile financial services
  • Send or receive the money within few clicks using Telcoin wallet
  • Instant transfers
  • Cost-effective
  • TEL now supports traditional and fiat remittance (Canada to 16 top countries)
  • Securely stores all the digital assets
  • Send or receive TEL to beneficiary account or mobile number
  • Send or receive money anywhere at any time’Send Telcoin to Ethereum wallet address

Entirely digital and socially distanced

TEL enables contactless payments. It promotes comfort, convenience and safety for all the users. This way, users can skip the long queue, send or receive money from anywhere at any time.

Worldwide reach

Telcoin (TEL) operates with 

  • Telcoin
  • E-wallet partners worldwide
  • Enable direct connections

Telcoin is trusted by millions of customers worldwide.

High secured network

As mentioned earlier, Telcoin built on ETH blockchain, TEL connects the financial decentralized network with better multi-signature crypto safety or security.

Telcoin is one of the leading secured computing networks available in the market. Through Telcoin mobile app, TEL end-users can store or perform transactions using a multi-signature ETH wallet. They don’t need to worry about hackers or unauthorized access. They store the asset in an alpha-numeric format and 24 word secret phrase.

Instant transfers

Telcoin leverage smart mobile-money infrastructure and blockchain technology, this will enable end-users to easily transfer or receive the money within a fraction of seconds.

Mobile convenience

The platform TEL work with e-wallet and mobile operators worldwide, it allows TEL to reach a wide range of users and ensure to provide contactless service.

Telcoin (TEL) wallet

Telcoin is the popular mobile wallet available in the crypto wallet. Sending money globally is simple with a Telcoin wallet. With a user-friendly design, users can send or receive assets without hassles. All you need to cash in and enter the mobile number, transaction money and send it. Telcoin wallet is available on AppStore and Google Play.

How does Telcoin (TEL) work?

Telcoin is a decentralized financial destination that offers a unique collection of market users at every layer. Active users will utilize Telcoin (TEL) to provide “supply-side services” to the decentralized network. It will boost the platform and ultimately users will get benefited, who in turn makes the use of Telcoin (TEL) to connect those services.

TEL on the Telcoin Application

Let’s consider V3, the active users on the Telcoin application layer will use TEL as the exchange platform to access products or services.

Medium of exchange – As the native or original reserve digital asset, with liquidity upon all existing assets, TEL (Telcoin) is the affordable digital asset to buy Telcoin’s products or services. Also, active users can send Telcoin to any Ethereum (ETH) address. They can also send TEL to mobile numbers around the world using crypto debit cards.

Financial Inclusion – All the active end-users will get a chance to earn a percentage of issuance whenever they’ve participated in multiple ways on the TEL platform.

Telcoin is the end-user owned and decentralized financial destination powered by

  • Telcoin users
  • Smart mobile network operators
  • Smart mobile financial service providers

By following TEL across the user-owned, Telcoin aim to offer every smart mobile user around the globe will access to cost-effective, user-owned financial services that are far powerful to existing banking service.

Using Telcoin (TEL)

With blockchain technology in Telcoin offers users in popular countries a powerful and cost-effective alternative to payment platforms. As mentioned above, TEL is connected with several mobile and e-wallet operators across the world. Telcoin allows users to get to a wide range of users with secured contactless service.

Telcoin end-users can easily send, receive and store their digital assets from anywhere at any time. Telcoin (TEL) centres around the end-users thereby offering a user-friendly environment. TEL operators that are globally connected to TEL are instantly able to arise Telcoin tokens. Keeping it simple, the more Telcoins traffic an operator receives, the more incentive they will receive from the decentralized network.

Wrapping up

Telcoin is a leading ERC-20 coin based on Ethereum (ETH0 blockchain. Telcoin (TEL) is probably used in the Telcoin ecosystem for making transactions easier on e-commerce websites. The attractive features of Telcoin are global reach, high secured network, mobile convenience, instant transfers and more.

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