$TEL’s answer to crypto adoption is to make it easy and intuitive to send crypto payments over mobile phone networks. It’s a great idea and has huge potential if the team can execute.
#Telcoin will issue $TEL at a rate of 5% annually for a period of 10 years following the ICO to mobile network operators. Networks with more Telcoin exchange traffic will receive more, thus incentivising networks to encourage $TEL’s use.👇
To further mitigate fraud and illicit activities, telcos will be able to leverage GPS and call data.
Subscribers convert mobile money to $TEL. To mitigate hacking risk, $TEL will be stored in multi-sig wallets, preventing large $TEL movements without.
$TEL is built on @ethereum so inherits $ETH’s security but also scalability issues.
Through its API Telcoin will provide a number of integration options from initally simple connectivity to existing mobile money APIs to more complex integrations👇
Price: $0.000838 / 13 sats
Market Cap: 155
Circulating Supply: 32,051,138,545
Max Supply: 100,000,000,000
Max theoretical tps: same as $ETH
Algo: $ETH token
The most interesting metric to me = the supply/low price
$TEL has been busy putting in place partnerships and getting its regulatory compliance sorted, including:
-Applied for Singapore money remitter license, applied for Philipines license
-Met with regulators in France, Canada👇
$TEL has split its road map into 3; compliance, development and business development. This makes good sense since $TEL’s success will be driven by much more than purely dev work.
$TEL’s roadmap is ambitious and has a lot on schedule for the next 6 months or so. It looks like it might miss a few of its Q3 deadlines, so it will need to be sure to deliver/be more realistic in q4.
-$ETH scalability/gas payments/solidity is difficult to make bullet proof
-Business model is entirely dependent on Telecommunications networks adopting and integrating the technology into their own platforms👇
Claude Eguienta -Co Founder/CEO- Distributed sys and crypto background. former CyberAgent. Advisor at TenX.
Paul Neuner-Co Founder/Chairman-12 years in the telecom space, founded Mobius, fraud management solution used by Veon, Ooredoo, Etisalat & more.👇
Telcoin offers a great solution for crypto adoption by leveraging the global mobile phone network. It has strong completion from established remittances players like Western Union and other crypto start-ups. 👇
$TEL’s plan is one of the more realistic, logical, and sensible in the space and you can imagine a world where we transact cryptos from phones.
The key to $TEL’s success will be delivering on its ambitious roadmap. Not delivering is a big risks.