Telcoin (TEL)

Telcoin is currently trading at $0.002051, after a price change of 2.65% in the last 24 hours.

Ranked as cryptocurrency #226 by capitalization today, TEL market cap is valued at $133,431,190. TEL trading volume reached $1,004,724 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on TEL coin price prediction page.

What is Telcoin?

Telcoin is a decentralized finance protocol for mobile remittances that is based on Ethereum. The platform aims to use blockchain technology to offer cheaper and higher-quality financial products for global mobile users. Telcoin has partnered with wireless network carriers to deploy native tokens that power connections to billing and mobile application platforms. The company features an application, Tecoin App, which supports fiat transfers across multiple countries.

Telcoin has also integrated user-centered financial products like The Send Money Smarter Network and a decentralized asset exchange platform, TELxchange. Based on Ethereum, Telcoin benefits from the platform’s proof-of-work consensus algorithm that is set to transition to the proof-of-stake model.

TEL is an ERC20 standardized token native to the Telcoin platform that is used as a medium of exchange. There are 59.32 billion circulating TEL tokens from a total supply of 100 billion and an equivalent hard cap. At inception, 25% of the initial token supply was distributed to investors in a crowdsale. The project team retained 15% with a 5% liquidity fund. The token also acts as an incentive for market participants to contribute value to the Telcoin ecosystem.

Telcoin was unveiled in 2017 in Tokyo by Paul Neuner.