Last Updated 30/08/2021
Official website: https://www.telco.in/
Telcoin (TEL) is a blockchain based mobile payment service with a primary purpose to provide an alternative to the legacy payment infrastructure which currently dominates most online payment systems. The Telcoin (TEL) network provides a comprehensive, user-friendly payment platform with blockchain reinforcement to certify and enable funds access to user-owned, high-speed financial products, including low-cost digital remittances without a third-party intermediary.
The project is also targetting leading company names in the telecommunications space; Telcoin's (TEL) ambition is to become the first successful blockchain technology to implement their protocol alongside mobile telecom operators. Some of these names include Verizon and AT&T, in a bid to enhance borderless transactions between billing platforms and mobile payments.
Telcoin (TEL) is built on the Ethereum blockchain as an ERC-20 token. Telcoin (TEL) uses a proof-of-concept (PoC) model to validate transactions, similar to a Ethereum's conventional proof-of-stake. The full security benefits of running on the Ethereum network have been reaped; Telcoin (TEL) have reinforced the already robust network security by implementing a further safeguard via multi-signature integration.
The appeal for this alternative payment method is a response to the vast number of owned mobile devices and users. Telcoin are utilising this infrastructure to asisst pre-existing businesses in their outreach strategy and acquiring new customers. This will help overcome current hurdles, particularly those who do not have bank account access depending on their geographical circumstances, limiting users to high-cost remittance providers who commonly charge the industry standard of 5-7%.
Telcoin's (TEL) solution and poroptocol will address this and provide a lower cost payment method with a committment to ensure fees are under a 2% threshold. By tackling regional limitations and global outreach, Telcoin (TEL) are set to deliver enhanced accessibility to rural and infrastructure deficient communities with its contactless mobile service.
Telcoin (TEL) have already established many partnerships with web and mobile remittance providers as well as many Crypto platforms. Telcoin's (TEL) collaborative efforts are to demonstrate its model to the telecommunications industry in hopes its services will become wildly adopted. Telcoin (TEL) is the native cryptocurrency used in the telecoin ecosystem for sending funds on e-commerce platforms. The Monetary Authority of Singapore is the regulating body from the same location who recognises Telcoin as a Major Payment Institution. The platform is regulated in other worldwide markets, including Australia and Canada.
Paul Neuner is one of the Co-Founder's and CEO of Telcoin (Tel), with extensive knowledge in the cybersecurity and telecommunications industries. He demonstrates a successful entrepreneurial background, having been involved in the start-up telecoms organisation Mobius, a financial fraud managment service provider. He also founded Pangea K.K., a Japan based mobile software applicatoin business.
Telcoin's Head of Product Officer is Ryan Tully, who previously had the same title at the crypto exchange platform Kraken, for their OTC services. Tully brings to Telcoin over a decade of experience in High Frequency Trading expertise, building and designing algorithmic arbitrage platforms, and long-standing knowledge in mobile applications for major retail giants including Expedia.
Claude Eguienta is another Co-Founder of the network, with an education and background in distributed protocols and an MS in Computer Science. He is currently the Chief Executive Officer at Mimo, a blockchain organisation that has introduced the first stablecoin algorithmically pegged to the EURO.
Q4 - 2020
Telcoin app V2 public beta ralease
First corridor public beta release (Canada - Philippines)
First Fiat-Tel on-ramp
Q1 - 2021
Telcoin application upgrade V2.2 with remittance intergrations.
Expansion of both sending and receiving markets aswell as an initial single market campaign
Telcoin application upgrade V3.0 named Project Rivendell.
Additional markets are introduced with three more fiat-TEL on-ramps and off-ramps.
Further Telcoin upgrades are applied to V3.1 and V3.2 with implmentations of more fiat-TEL on-ramps and off-ramps. Marketing campaign and strategies are in further developed and released.
As Telcoin (TEL) is built on the Ethereum network, they can be stored in any wallet compatible with Ethereum-based (ERC-20) transactions. Alternative options to keep your Telcoin (TEL) secure can therefore include the leading hardware wallet providers Ledger and Trezor, as well as My EtherWallet.
Trust Wallet is a mobile-app wallet and supports the Avalanche mainnet token AVAX. This option is available on both Andoid and iOS and requires users to create and securely store their own recovery phrase. AVAX can be stored on The Trust Wallet by using a simple 5 step process which is specified in our Wallet Guide here.
Atomic Wallet is another alternative decentralised multi-currency wallet that providers user-friendly access. Atomic Wallet is a software wallet that can be downloaded on to a desktop or mobile device. Further feature and interface guidlines can be found on our wallet guide.
You can Buy & Sell Telcoin (TEL) by heading over to the Buy Coins page of our website. Telcoin (TEL) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Dogecoin has never been easier, simply place your order and provide your wallet address.
Once your payment arrives Telcoin (TEL) will be sent directly to your wallet. If you choose to Sell Telcoin (TEL) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.