Buy Telcoin TEL

What is Telcoin?

Telcoin (TEL) is a digital cryptocurrency designed to integrate telecommunications and financial services with blockchain technology. It aims to provide low-cost, high-quality financial products for mobile phone users globally, focusing particularly on unbanked populations.

How does Telcoin work?

Telcoin operates on an EVM-compatible public blockchain, utilizing a Proof-of-Stake (PoS) consensus mechanism. It is an ERC-20 token native to the Ethereum blockchain, allowing it to leverage Ethereum's smart contract capabilities. The network is secured by GSMA Operator Member Mobile Network Operators, and its infrastructure includes the Telcoin Network, TELx (DeFi exchange), and the Telcoin Application Network (mobile app).

What are the potential use cases for Telcoin?

Telcoin can be used for a variety of applications, including:

• Remittances: Offering seamless and cost-effective mobile remittances.
• Financial Inclusion: Providing access to financial services for unbanked populations.
• Mobile Payments: Facilitating instant, low-cost money transfers globally.
• E-commerce: Enabling cross-border payments through mobile tech.
• DeFi Integration: Supporting secure digital asset transactions on platforms like Polygon.

What is the history of Telcoin?

Telcoin was founded in Singapore in July 2017 by Paul Neuner and Claude Eguienta. Its primary goal is to improve the speed and accessibility of money transfers using mobile networks and blockchain technology. Notable milestones include its Initial Coin Offering in December 2017, GSMA membership, and various global partnerships. The platform continues to expand its services globally, leveraging blockchain and DeFi protocols to enhance financial inclusion.