Telcoin (TEL) Price

What Is the Telcoin Platform?

Telcoin's primary goal is to ensure that every mobile phone user worldwide has access to low-cost yet efficient financial products that are owned by the users themselves. The platform aims to achieve this by offering self-custodial financial products in collaboration with mobile network operators on a global scale.

Telcoin also strives to establish a globally adopted and self-sustaining financial infrastructure that can effectively cater to the needs of its vast user base.

Finally, Telcoin aims to empower individuals with mobile phones, regardless of their financial resources and technical knowledge, by enabling them to access products, contribute value, and earn incentives.

The Telcoin Platform employs a multi-tier structure consisting of the Telcoin app at the application layer, TELx as the liquidity engine, and the Telcoin Network for settlements. These components, driven and coordinated by the TEL token, synergistically create a collection of decentralized financial products owned by the users and accessible through mobile devices.

The TEL Token

Telcoin (TEL) is an ERC-20 token created by Telcoin Pte. Ltd., a Singapore-based telecommunications company.

If you are wondering how many Telcoin coins exist, the digital asset has a max supply of 100.00B TEL tokens (the total supply), with a current circulating supply exceeding 77B TEL tokens.

The TEL token serves multiple utilities within the Telcoin platform.

It is the native token used for gas fees on the Telcoin Network, where consumers pay TEL gas fees to have their transactions included in blocks and secured to the blockchain.

Validators earn TEL fees from transactions and harvest TEL issuance flows based on their staking levels and political power within their Miner Group. TEL is also used by traders to access DeFi exchange markets and pay for gas fees on TELx.

Liquidity Miners earn TEL exchange fees and harvest TEL issuance based on their share of liquidity in pools.

Developers and Stakers can earn TEL fees and harvest TEL issuance based on their staked TEL levels.

Additionally, mobile application customers can use TEL coins to settle payments, exchange assets on TELx, and pay gas fees on the Telcoin Network.

View the current price of the Telcoin cryptocurrency on the chart above, provided by our cryptocurrency exchange platform. Read our Telcoin price forecast before making any investment choices in the TEL cryptocurrency.

The Telcoin App

The Telcoin App is a mobile money platform that provides a gateway to a range of user-owned financial products of the Telcoin ecosystem. It offers a fast and affordable fiat remittance portal and a digital wallet on the Polygon Network.

With the Telcoin App, users can securely store compliant digital assets, purchase USDC, trade digital assets, and send fiat remittances to 16 countries.

The app re-imagines remittances for a connected world, with fees as low as 2% for Telcoin remittances in fiat currencies and 0.1% for supported digital assets. Telcoin works with trusted telecom and mobile money providers globally, providing direct connections to millions of users.

Additionally, the Telcoin App allows you to secure your assets and save money through decentralized TELx liquidity pools.

TELx

TELx is a decentralized liquidity network that utilizes the participation of active Telcoin users on decentralized finance (DeFi) protocols. It is basically a decentralized digital asset exchange that serves as the self-custodial "liquidity engine" for user-owned applications on the Telcoin Platform.

TELx aims to provide user-friendly and affordable financial services, allowing mobile device users worldwide to benefit from incentives traditionally reserved for legacy financial institutions.

Unlike traditional financial markets that rely on intermediaries and institutions charging high fees and experiencing slow settlement times, TELx Markets operate in a self-custodial manner. They are powered by a decentralized network of Telcoin users (known as TELx Miners) on DeFi protocols, enabling automated transaction processes through smart contracts for instant settlement.

The Telcoin Network

The Telcoin Network is a public blockchain that is secured by mobile network operators (MNOs). It represents the convergence of telecommunications and blockchain technology, enabling inter-carrier settlements and providing a distributed ledger for the telecom industry. The network is scalable, secure, and compliant, allowing telecoms to launch customized financial applications tailored to specific markets.

The Telcoin Network also offers network validators incentives through Telcoin (TEL) issuance, fostering a secure and efficient financial ecosystem. Deploying a node on the network is exclusive to GSMA MNOs, who can earn network fees and contribute to the growth of the platform.

How Does Telcoin Work?

Telcoin leverages blockchain technology to facilitate fast and secure remittances. It aims to bridge the gap between the telecom and financial sectors by partnering with mobile operators. Through these partnerships, Telcoin enables users to send and receive remittances using their mobile phones and existing telecom infrastructure.

The process involves converting fiat currency into the Telcoin token, transferring it across borders instantly, and then converting it back into local currency at the receiver's end. This helps to reduce the cost and time involved in traditional remittance methods.

Telcoin is a regulated payment institution authorized by MAS (the Monetary Authority of Singapore) in Singapore. It is also registered and regulated in different global markets, including the US, Canada, and Australia. Telcoin has offices in Singapore, Tokyo, and Los Angeles, and has been a member of GSMA since February 2018.

Who Created Telcoin (TEL)?

Telcoin (TEL) was founded in 2017 by Paul Neuner, a serial entrepreneur with a strong background in the telecommunications and cybersecurity space. Having lived and worked in different regions, such as the Middle East and Asia, Neuner brings a diverse perspective to his role as the founder of Telcoin. Graduating from The University of Notre Dame, he possesses a solid educational foundation.

Before his venture with Telcoin, Neuner co-founded Mobius, a startup specializing in fraud management services for mobile network operators. Additionally, he established Sedona, a cutting-edge telecom fraud management service that provides sovereign mobile financial services. With his extensive expertise and entrepreneurial drive, Neuner plays a vital role in shaping the success of Telcoin.

What Makes Telcoin (TEL) Unique?

Telcoin (TEL) is unique because it aims to fill the missing link between traditional telecommunications and blockchain technology. It aspires to substitute traditional remittance providers by delivering low-cost financial services directly through mobile carriers.

By integrating distributed ledger technology into the telecom industry, Telcoin offers a simple and inclusive solution for individuals to send money, access financial services, and participate in the global economy using just their mobile phones.

What is the Current Telcoin Price?

Changelly offers an interactive chart that reflects the live TEL-USD price with real-time updates and essential TEL price market statistics. We provide access to the latest data of the TEL coin performance, including its current market cap (market capitalization), 24-hour trading volume, and recent price change.

Our handy TEL price chart also includes the Telcoin price history that allows users to track the fluctuations and trends in the Telcoin price over time. Through it, you can easily see the all-time low and all-time high price of the TEL coin. For example, the highest price paid for Telcoin (TEL) is $0.06. The lowest price paid for Telcoin (TEL) is $0.000064. The average price Telcoin is hovering at today is $0.0013.

To decide if the TEL token is a good investment for you, do not hesitate to read our Telcoin price prediction that predicts the future performance of the crypto asset based on various crypto market analyses and indicators.

Our Telcoin forecast will provide you with valuable insights to make an informed decision about investing in TEL. However, our TEL price prediction is subject to market volatility and should not be considered as financial advice. It is always recommended to conduct thorough research and consult with a professional financial advisor before making any investment decisions.

Along with offering the live price of Telcoin today, our platform also allows you to easily swap TEL coins to other cryptocurrencies, like Binance Coin or Bitcoin Cash, at a great exchange rate. More than that, through our crypto exchange platform, you can buy Telcoin with traditional payment methods, enjoying instant processing and the ultimate transaction security.