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:
https://www.telx.network/about/what-is-telcoin-(tel)
https://www.telx.network/about/how-do-market-participants-use-tel
https://www.telx.network/about/tel-taxonomy
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
How to Buy TEL on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing TEL. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing TEL.
Step 5: Purchase TEL
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of TEL you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy TEL.
Step 6: Store Your TEL
After purchasing, you can choose to store your TEL in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and TEL assets, be sure to use a strong password and enable two-factor authentication.
TEL Price:Telcoin (TEL) is the native exchange medium, reserve asset, and protocol token of the decentralized financial platform owned by Telcoin users.The price fluctuates daily, and as of March 30, 2024, the highest price for TEL was $0.0649.
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