Telcoin: To Know More About This Crypto Read Our Article

Telcoin: In this article, we cover a detailed review of Telcoin. How does Telcoin work & Are important features?

About Telcoin

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.

 The Telcoin Point Table

Decentralized Financial platform

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, The leverages blockchain technology to provide access to decentralized financial services on any mobile device. The company’s launch product, The Remittances, is focused on high-speed, low-cost digital money transfers to mobile money platforms and e-wallets. The Remittances connect with telecom, mobile money, and e-wallet partners globally to make sending money convenient, affordable, and secure.

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?.

The 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.

This 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.

The Decentralized Liquidity Engine of the Telcoin Platform

TELx provides the liquidity that powers the user-owned, decentralized Platform. Interested in providing liquidity and earning fees on users’ trades? Learn more at the TELx staking portal.

How Many Telcoin (TEL) Tokens Are There in Circulation?

The 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 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?

The is an ERC-20 token native to Ethereum, one of the most secure computing networks in the world. Via the The 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).

Telcoin Remittances

An exceptionally affordable way to send remittances to mobile money platforms globally. Send money to 16 countries and counting with the App.

Telcoin Conclusion

Telcoin (TEL) stands out as a key figure in decentralized finance, offering an effective and user-centric financial platform. TEL is at the core of this innovative ecosystem as its native medium of exchange, reserve asset, and protocol token; through seamless integration it enables individuals worldwide to take advantage of a range of user-owned decentralized financial products.

TEL is more than a technical solution; it also serves as an enabler of collaboration among market participants. Telecoms, active users and other stakeholders come together through TEL’s unique incentives, encouraging tailored services with value-add for end users of the platform. This harmonious coexistence within the ecosystem paves way for an inclusive mission: providing each and every mobile phone user around the world with fast, cost-effective financial solutions under their ownership.

The transcends traditional finance, envisioning a future where financial empowerment is no longer just an exceptional privilege but instead part of global society as a global norm. TEL is driving force of this vision of accessible finance that the and TEL represent; with decentralized innovation gaining steam globally They will leave its mark, shaping financial systems for human progress.

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