The TelcoIn (TEL) crypto asset will become a new crypto asset that will be listed on Indodax. TEL can be purchased on Thursday, July 15, 2021.
These crypto assets are telecommunications-based crypto assets residing on Ethereum’s ERC-20 network. Is this crypto asset really worth owning?
Before you buy this crypto asset, let’s discuss in detail what a TEL crypto asset is.
Definition of Telcoin (TEL) Crypto Asset
Telcoin (TEL) is an Ethereum-based decentralized crypto asset that was founded in July 2017 in Singapore. TEL to be a bridge between crypto, blockchain and telecommunications industries.
The project aims to examine leading names in the telecommunications industry such as Verizon and AT&T, the leading telecom. This is to remove the hassle that exists between platform billing and mobile money.
Telcoin’s main focus is the remittance market, of which Western Union is currently the clear leader. Mobile telcoin with global telecommunications and money platform to provide digital and cheap money. Telcoins send users to mobile money platforms and electronic wallets.
Telcoin (TEL) Crypto Asset Founders
Paul Neuner and Claude Eguienta founded Telcoin to help users transfer money globally in seconds. Paul Neuner, the Founder & CEO of Telcoin, has been in the telecommunications industry for more than 12 years prior to the blockchain era.
The Uniqueness of Telcoin (TEL) Crypto Asset
Telcoin’s main focus is the remittance market. Even though there are nearly five cell phones to bank accounts, people are still queuing up to send money from high-cost money transfer agencies, with Western Union being the largest.
the power of blockchain, Telcoin brings people in developing countries a faster and cheaper alternative to remittance services. To achieve this, Telcoin works with mobile operators and e-wallets globally, enabling them to reach a broad user base with contactless services.
Like every other decentralized digital asset, Telcoin gives users complete access to their money via their mobile phone. As desired, users can send and receive money from anywhere in the world. The project also remains user-centric, keeping the platform as user-friendly and as familiar as possible.
Telecommunications operators connected to the Telcoin network can issue TEL tokens immediately. Networks provide incentives; the more TEL token traffic an operator has, the more incentive he gets from the network.
The incentivized Telcoin model offers a very low-cost service that is attractive to end users but is still profitable for the network, according to Telcoin.
Telcoin (TEL) Crypto Asset Supply
Telcoins are built on top of the Ethereum blockchain. At its launch in 2017, 25 percent of the tokens were distributed in a crowdsale to investors. Another 15 percent is held by the Telcoin Team with 5 percent liquidity funds.
The telecommunications incentive operators described above constitute 50 percent of all tokens. The incentive and sustainable development community gets 5 percent of all TEL tokens.
The project is launched with a fixed number of TEL tokens. The maximum token on the network is set at 100,000,000,000,000 TEL. Currently, about 50 percent of tokens (50,270,110,195 TEL) have been issued.
Telcoin Crypto Asset Security (TEL)
Telcoin runs on an Ethereum based blockchain. However, despite benefiting from security in a decentralized network, staking is not yet available on the Telcoin network.
There is also no validator on the network; as, he uses a proof of concept model. Telcoin partners, telcos that register to integrate TEL, are equivalent to validators in the PoS blockchain. Telecommunications earn rewards on the network.
To achieve better security, Telcoin implements a multi-signature crypto security or multisig model. This means that to complete transactions on the Telcoin network. You need at least two private keys. can set the required number of keys before the transaction is completed.
Apart from the exclusive Telcoin wallet, there is also the option to integrate other existing telecommunication mobile wallets.