Keep an eye on Telcoin
Get instant alerts for major price changes.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Telcoin is on the decline this week.
The price of Telcoin has fallen by 3.95% in the past 7 days. The price increased by 1.36% in the last 24 hours. In just the past hour, the price shrunk by 0.39%. The current price is $0.001379 per TEL. Telcoin is 97.70% below the all time high of $0.06.
The current circulating supply is 62,968,700,557.96 TEL.
What Is Telcoin (TEL)?
(TEL) is a decentralized financial platform run by active Telcoin users, GSMA mobile network providers, and instant finance providers. The platform to build decentralized applications and distribute them to mobile phone users globally with the help of telecom providers.
According to the , Telcoin (TEL) takes advantage of technology and mobile financial structure to transfer funds worldwide instantly. The platform collaborates with mobile network operators and e- worldwide to reach a wide range of users and give contactless service. Further, Telcoin aims to reduce the global average cost of transferring payments from 7% to 2%. To ensure complete security, Telcoin combines decentralization with a security system as well.
is the native utility of the Telcoin platform and acts as a primary medium of exchange, reserve, and protocol asset. The token acts as the link between the users of the platform. The platform provides efficient delivery of affordable to the users by issuing the token based on the transaction volume and level of integration.
Telcoin chooses remittance because remittance is a huge addressable market ready for disruption. In 2016, remittance worldwide surpassed $500 billion, and despite this, the telecom industry has a minimal footprint in this space. Although many telecom mobile finance companies collaborated with foreign banks, the actual tapped potential of remittance remains less than 1%.
As stated in the , Telcoin’s primary use case is giving prompt and inexpensive remittance to and from the mobile finance platform. This, in turn, becomes fruitful for the platform, as their popularity rises due to usage from Telcoin users. Another use case of Telcoin is giving interested people easy access to .
Telcoin also enables the purchase and transfer of airtime denominated in local currency; airtime means text and data promo offers and any prepaid voice services. Telcoin and other cryptocurrencies are spent in real time using the prepaid Visa card supported by selected ATMs and Visa networks. Other use cases include sharing game revenues with mobile operators by offering targeted SMS campaigns for promoting mobile games.
Telcoin also aims to provide tourists easy access to local currency, increasing the value of inbound and outbound roaming, increasing roaming revenues. Furthermore, Telcoin also delivers payment of funds to underfunded aid recipients. Knowing how these funds are used for noble causes, Telcoin prevents fraud by restricting disbursement to certain areas.
Lastly, since Telcoin wallets get linked to a user’s phone number, the remittance of funds is selected based on the destination country code and central bank requirements. Also, Telcoin uses smart contracts to automatize real-time revenue share for related Telcoin payments.
History of Telcoin (TEL)
was launched by Claude Eguienta, the current CEO of the platform. Eguienta has experience in working with start-ups and large corporations. Before launching Telcoin, he was the lead systems architect at CyberAgent and cofounded a crypto start-up called Kabotip. He is also an advisor at TenX.
Paul Neuner is the cofounder and chairman of Telcoin and has been a tech entrepreneur for twenty years in the telecom field. In 2006, he founded a telecom fraud management company called Mobius, and today Mobius is installed at over thirty mobile operators worldwide.
Other members of the Telcoin team include Simo Kinnunen (lead developer), Adam Kull (lead mobile developer), Naim Boughazi (product director), Yacime Farouk (marketing director), Nobusuke Matsuoka (business development: telecom), Lee-Ann Cassie (regional manager, Africa), Alix Zerd (business development, crypto), Eric Chung (executive director), and Christopher Rizanow (community manager).
How Is TEL Created?
of the TEL token is structured and based on rules, and TEL is issued to monetize market participants to provide decentralized services to the Telcoin platform. The idea behind offering economic incentives is to motivate future participants to contribute to the platform and maintain the ecosystem. All active users provide services to benefit the platform, the ecosystem, and all the partner exchanges for issuance and transaction fees.
The maximum total supply of TEL tokens is 100,000,000,000 coins, and 25% of the total supply will be distributed during (ICO). This 25% of the total supply is reserved for Telecoin’s ICO contributors and will be distributed through general crowd sales and bonuses allocated for them.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
What is the current price of Telcoin?
The price of 1 Telcoin currently costs $0.0014.
What is the market cap of Telcoin?
The current market cap of Telcoin is $86.69M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Telcoin?
The all-time high of Telcoin is $0.0600. This all-time high is highest price paid for Telcoin since it was launched.
What is the 24 hour trading volume of Telcoin?
Over the last 24 hours, the trading volume of Telcoin is $744.57K.
What other assets are similar to Telcoin?
How many Telcoin are there?
The current circulating supply of Telcoin is 63 billion.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.