Right now, KuCoin, Quickswap, Balancer, Uniswap, and 1inch Exchange are the leading platforms where you can trade Telcoin. If you're interested in exploring more options, take a look at our crypto exchanges page.
What Exactly is Telcoin (TEL)?
Telcoin (TEL) serves as the core exchange currency, reserve asset, and protocol token within the Telcoin platform—a decentralized financial system owned by its users. TEL offers users an effortless way to access and drive a wide range of decentralized financial services globally. By incentivizing market players, including telecom companies and active users, TEL fosters the provision of essential services to platform users. This alignment of incentives within the Telcoin ecosystem is aimed at ensuring that every mobile phone user worldwide can access fast, affordable, and user-controlled financial tools.
For formal documentation, visit:
https://www.telx.network/about/what-is-telcoin-(tel)
https://www.telx.network/about/how-do-market-participants-use-tel
https://www.telx.network/about/tel-taxonomy
Introducing the Telcoin Platform
Telcoin is a decentralized, user-controlled financial platform supported by its active users, Mobile Network Operators, and Mobile Financial Service Providers. By uniting telecom companies around a user-operated decentralized financial system, Telcoin intends to make accessible to every mobile phone user globally, efficient and economical financial services that greatly surpass conventional banking solutions.
Telcoin Pte. Ltd.
Founded in July 2017 in Singapore, Telcoin uses blockchain technology to deliver decentralized financial services to any mobile device. Its inaugural product, Telcoin Remittances, targets quick and low-cost digital transfers of money to mobile platforms and e-wallets. By partnering with telecoms, mobile money, and e-wallet services worldwide, Telcoin Remittances simplifies the process of sending money, making it easy, cost-effective, and secure.
Recently, Telcoin rolled out Version 3 of its platform, unveiling two new user-owned financial products: The Send Money Smarter Network (SMS), a global remittance network, and TELxchange, a decentralized digital asset exchange.
Telcoin is regulated as a Major Payment Institution by the Monetary Authority of Singapore. It is also compliant in several other international markets, such as Canada and Australia, with main offices located in Singapore, Tokyo, Dubai, and Los Angeles. Since February 2018, Telcoin has been an active member of the GSMA.
Who Founded Telcoin?
In 2017, Paul Neuner, an entrepreneur with over 12 years in telecommunications and cybersecurity, launched Telcoin. He studied at The University of Notre Dame and has lived and worked extensively throughout the Middle East and Asia.
Before Telcoin, Neuner co-founded Mobius, a company that offers fraud management services for mobile network operators. In 2018, he also started Sedona, a telecom fraud management enterprise that provides sovereign mobile financial services.
What Sets Telcoin Apart?
Telcoin strives to transform decentralized financial services into seamless, automated applications that are user-driven, distributing these innovations through telecoms to every mobile phone user worldwide.
With over 5 billion active users, telecoms are in a perfect position to give the largest group of established, global retail users access to financial services through the mobile phones they use daily.
Decentralized finance (DeFi) has transformed the financial landscape by allowing the development of user-owned, automated, and non-custodial applications that anyone with internet access can use, operating via code instead of middleman institutions.
Telcoin capitalizes on this market potential by partnering with telecoms, enabling them to offer improved, decentralized, and automated financial products to their subscribers, while significantly reducing traditional finance risks related to counterparties, execution, and custody.
How Many Telcoin (TEL) Tokens Are in Circulation?
Telcoin operates on the Ethereum blockchain. At its initial launch in 2017, 25% of the tokens were sold to investors through a crowdsale. The Telcoin Team kept 15%, with a 5% liquidity fund set aside.
The total supply of tokens is capped at 100 billion TEL. Currently, about 50% of the tokens (50,270,110,195 TEL) are in circulation.
How is Telcoin Secured?
As an ERC-20 token native to Ethereum, Telcoin benefits from one of the world's most secure computing networks. Using the Telcoin Mobile Application, users can safely store and manage their TEL assets through a 2 for 3 multi-signature Ethereum wallet, eliminating concerns over the secure generation and storage of alphanumeric private keys or lengthy secret phrases.
Where Can You Purchase Telcoin (TEL)?
Despite its popularity, few exchanges offer TEL tokens for purchase with fiat currencies. However, you can buy TEL using cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
The leading exchanges for buying, selling, and trading Telcoin (TEL) currently include:
- KuCoin
- Uniswap
- Balancer
- 1inch Exchange
- Sushiswap
- Sushiswap (Polygon)
- Quickswap (Polygon)
- Bilaxy
