Telcoin - Powering mobile money transfers

Telcoin (TEL)

What is Telcoin?

Telcoin is a cryptocurrency platform that provides a decentralized way to transfer money, using smartphones. It aims to expose mobile users to cryptocurrencies and to offer a cheaper and faster remittance system.

Why does Telcoin have value?

Transactions on the Telcoin platform are instant and cheaper than traditional remittance companies. You can send money to 16 different countries using the Telcoin app. However, since it is built on the Ethereum blockchain, gas fees can be high at times.

What are the benefits of Telcoin?

●       It has associations with telecom and payment companies around the world.

●       The wallet is very user-friendly.

What are the disadvantages of Telcoin?

●       Despite being active for a few years, the project hasn’t reached wide adoption.

●       Telcoin’s vision may be more easily accomplished by traditional players using different crypto blockchains

What are TEL’s tokenomics?

The total supply of TEL is 100 billion. When the token launched, 25% were distributed in crowd sales; 15% were allocated to the Telcoin Team; and 5% went to a liquidity fund.

Who founded Telcoin?

Paul Neuner.

Who are Telcoin’s investors?

Telcoin conducted two sales rounds, raising over $10 million. The main investor is Batara Eto, founder and partner at East Ventures.

Concise Crypto Grade:

C  :Telcoin’s vision, to change the world remittance system, is one that is often tackled by crypto organizations. Telcoin has a sleek app and wallet and continues to add both payment service providers and new countries to its platform. They are solving some of the key problems of high fees for cross-border remittances. But they are playing in a highly competitive space and so deep market penetration as technology evolves might be tough.

Where can I buy TEL?

KuCoin, Uniswap, Indodax, Balancer, 0x, QuickSwap.

What ecosystem does Telcoin run on?

Ethereum and Rivendell an Ethereum sidechain.