Telcoin Price

What Is Telcoin

The Telcoin Platform can be defined as a user-owned as well as a decentralized financial platform that is powered by its active users, mobile network operators, and mobile financial service provider.

It aligns telecoms and decentralized financial platforms in order to provide every mobile phone user in the world with access to quick as well as affordable products which are superior when compared to traditional services. It was originally established in 2017 in Singapore and uses blockchain technology with the intention of providing access to decentralized financial services across just about any mobile device out there.

The company originally launched a product known as the Telcoin Remittances which connects on high-speed, low-cost digital money transfer to mobile platforms as well as e-wallets. Telcoin is also regulated in Singapore as a major payment institution through the Monetary Authority. It is also registered as well as regulated in a number of global markets such as Canada and Australia and maintains its primary offices within Singapore, Tokyo, Dubai, and even Los Angeles, and has been a member of the GSMA since 2018.

Telcoin runs on the Ethereum blockchain and as such, uses the best features it has, such as proof-of-concept (PoC) instead of validators in order to ensure consistency when it comes to the transactions. In other words, it verifies whether or not a transaction has real-world feasibility before validating it, and has three components. The first component is the network, the second is the telecommunications companies and the third one is the subscribers. It also even ensures the care of the wallets and the implementation within the network. A token owner can reserve their right to directly transfer tokens to a peer account from theirs.

Telcoin Founders

Telcoin was founded by Claude Eguienta and Paul Neuner.

Eguienta had experience in working as the Chief Executive Officer at Mimo, as well as being the co-founder of Kabotip and being a software and system architect at CyberAgent.

Neuner on the other hand was also the co-founder of Sedona and was the founder and CEO of Mobius Wireless Solutions Ltd.

 

How Does TEL Work

Telcoin has the aim of providing decentralized finance through seamless, automated, and even user-owned applications while also being able to distribute those products as well as services through telecoms to every mobile phone user out there. Telecoms have over 5 billion users and are positioned to provide the largest base of global retail users that have access to financial products through mobile phones on a daily basis.

Decentralized Finance (DeFi) has managed to revolutionize finance by enabling the creation of non-custodial applications that can be accessed from anyone, anywhere, just with the use of an internet connection that can execute in code instead of through an intermediary institution. The TEL price or Telcoin price is a reflection of this demand, and as a national telecom operator, Telcoin aims to revolutionize the Telcoin ecosystem through telecom providers and TEL tokens. In other words, the telecom providers can get to the end. Users through a borderless nature, which increases the Telcoin price or TEL price in the process and can be seen as telecom mobile money.

In other words, Telcoin is an Ethereum-based cryptocurrency that operates a decentralized cryptocurrency as well as a remittance payment system that was introduced with the intention of streamlining the global remittance of money through the integration of blockchain and the telecommunication industry. It aims to be the major currency that will be used by telecom providers that want to offer their clients money transfer services. This is due to the fact that there has actually been an upsurge when it comes to the rate of blockchain integration within the sector, and it is a financial lifeline in many places.

There are features that help Telcoin stand out, such as incentivized adoption, which means that Telcoin can fit into existing models for connecting to carrier billing as well as a money platform. The fees applied here are then deducted from TEL issuance and this service appeals to end-users and is profitable to the network. Then it has a flexible telecom API, which interacts directly with the carrier billing and mobile money platforms through USSD, REST APIs, and SMS. Then you have wallet agnostic features, which allows Telcoin to integrate with existing mobile money wallet in addition to a proprietary wallet.

Where Can You Buy TEL

Telcoin has an available supply of 56,969,406,904 and a total supply of 100,000,000,000 coins.

If you want to buy, sell or trade Telcoin, you can do so on the following exchanges: KuCoin, Indodax, Bilaxy, Uniswap V2, and Bitrue.