Spotlight: Telcoin

The fifth project featured in Polylastic’s ‘Spotlight’ series is Telcoin, an open-source project aimed to provide users with a low-cost, efficient, yet secure experience for users to send digital remittances via mobile platforms and e-wallets.

Telcoin Beginnings

Telcoin was launched by Claude Eguienta, before launching Telcoin, he was the lead systems architect at CyberAgent and co-founded a crypto start-up called Kabotip. He is also an advisor at TenX.

Paul Neuner is the current CEO, co-founder, and chairman of Telcoin and has been a tech entrepreneur for twenty years in the telecom field. In 2006, he founded a telecom fraud management company called Mobius, and today Mobius is installed at over thirty mobile operators worldwide.

What Is Telcoin?

Telcoin (TEL) is a decentralized financial platform run by active Telcoin users, GSMA mobile network providers, and instant finance providers. The platform aims to build decentralized applications and distribute them to mobile phone users globally with the help of telecom providers. Telcoin's mission is to provide every mobile phone user in the world with access to high-quality, user-owned financial products.

Telcoin is regulated in Singapore as a Major Payment Institution by the Monetary Authority of Singapore. Telcoin is also registered and regulated in a number of other global markets, including Canada and Australia, and maintains primary offices in Singapore, Tokyo, Dubai, and Los Angeles. Telcoin has been an active member of the GSMA since February 2018.

Telcoin App In a Nutshell:

The Telcoin App provides end users with compliant, mobile-based access to the Telcoin Platform and its suite of decentralized products. It is full stack, featuring traditional banking rails, a multi-signature Ethereum wallet, and an intuitive interface connecting users to TELx powered use cases through the comfort of their mobile devices.

What is The Telcoin Tokens Usecase?

Telcoin’s native token, TEL, is used as the unit of account and medium of exchange across every layer of the platform, as the liquidity bridge connecting users to products across TELx, and as the native gas and staking token securing Rivendell.

How Many Telcoin (TEL) Tokens Are There in Circulation?

Telcoin is built on the Ethereum blockchain. At its launch in 2017, 25 percent of the tokens were distributed in crowd sale to investors. Another 15 percent were retained by the Telcoin Team, with a 5 percent liquidity fund.

The maximum number of tokens on the network is fixed at 100,000,000,000 TEL. Approximately 50 percent of the tokens (50,270,110,195 TEL) have been issued.

Where Can I Buy The Telcoin Token?

The exchanges for buying, selling, and trading in Telcoin (TEL) are currently as follows:

• KuCoin
• Uniswap
• Balancer
• 1inch Exchange
• Sushiswap
• Sushiswap (Polygon)
• Quickswap (Polygon)
• Bilaxy

This concludes the fifth Polylastic ‘Spotlight.” The Polylastic team hopes that you enjoyed this exclusive insight into Telcoin. As always, stay tuned for future ‘Spotlight’ featured Polygon-built projects.

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