Telcoin (TEL) | Buy Telcoin Now |
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Telcoin (TEL) is an Ethereum-based decentralized crypto established in July 2017 in Singapore to be the bridge between cryptos, blockchain and the telecommunication industry... |
CVIX | 88 |
Current price | $0.002418 |
Change 24h | 0.58% |
Change 7d | -3.47% | Market Cap | $148 132 069 |
Available supply | 61 253 700 558 TEL |
Volume 24h | $1 633 913 |
Updated | Sunday, May 22, 2022 5:00:06PM UTC |
Nature | Coin |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.002365 | -2.22% |
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General TEL facts, technical details and Telcoin Cryptocurrency information
Telcoin (TEL) is an Ethereum-based decentralized crypto established in July 2017 in Singapore to be the bridge between cryptos, blockchain and the telecommunication industry. The project aims to partner with leading names in the telecoms industry like Verizon and AT&T to remove the hassle that exists between billing platforms and mobile money.
The main focus of Telcoin is the remittance market, where Western Union is currently the clear leader. Telcoin is partnering with global telecoms and mobile money platforms to provide users with high-speed, low-cost digital remittances to mobile money platforms and e-wallets.
Telcoin (TEL) is an ERC-20 token based on the Ethereum blockchain. TEL is used in the telecoin ecosystem for making payments on e-commerce websites.
In 2017, Paul Neuner and Claude Eguienta co-founded Telcoin to help users transfer money globally in seconds. Paul Neuner, who serves as the chairman & CEO of Telcoin, has amassed over 12 years in the field of telecommunication before venturing into the world of blockchain.
His earliest involvement as a tech entrepreneur in the telecom space starts with Mobius, a startup that provides fraud management services for mobile networks. In 2012, he founded Pangea K.K., a software mobile application development company based in Tokyo, Japan.
Before establishing Telcoin, in March 2017, he started Ikou, a mobile app for creating and organizing events. In 2018, he started Sedona, a next-gen telecom fraud management service that focuses on securing sovereign mobile financial services.
The main focus of Telcoin is the remittance markets. While there are almost five mobile phones to a bank account in existence, people still queue up to send money from high-cost remittance agents, with Western Union being the largest. Leveraging the power of blockchain, Telcoin is bringing people in the developing world a faster, low-cost alternative to remittance services. To achieve this, Telcoin works with mobile operators and e-wallets globally, allowing them to reach a broad base of users with a contactless service.
Like every other decentralized digital asset, Telcoin gives its user complete access to their money via their phones. At will, users can send and receive money from anywhere in the world. The project is also centered around the user, keeping the platform as user friendly and as familiar as possible.
Telecom operators that connect to the Telcoin network are immediately able to issue TEL tokens. The network gives incentives; the more the TEL token traffic an operator has, the more incentives he gets from the network. The incentivized model of Telcoin offers extremely low fee services that are attractive to end-users but still profitable for networks, according to Telcoin.
Telcoin is built on the Ethereum blockchain. At its launch in 2017, 25 percent of the tokens were distributed in crowdsale to investors. Another 15 percent were retained by the Telcoin Team with a 5 percent liquidity fund. The telecom operators' incentives described above makes up 50 percent of all the tokens. Community incentives and ongoing developments get on 5 percent of all TEL tokens.
The project launched with a fixed amount of TEL tokens. The max tokens on the network are fixed at 100,000,000,000 TEL. Currently, approximately 50 percent of the tokens (50,270,110,195 TEL) have been issued.
Telcoin runs on an Ethereum-based blockchain. While it benefits from the security in the decentralization of the network, staking is not yet available on the Telcoin network. There are also no validators on the network; instead, it uses a proof-of-concept model. The partners of Telcoin, the telecoms that sign up to integrate TEL, are the equivalent of validators on the PoS blockchains. The telecoms get the rewards on the network.
To achieve better security, Telcoin implements multi-signature crypto security or a multisig model. This means that to complete a transaction on the Telcoin network, you would need at least two private keys. Users can set the number of keys required before a transaction is completed.
In addition to the proprietary Telcoin wallet, there is also an option of integrating other existing telecom mobile money wallets.
Although TEL is a very popular crypto asset, few exchanges provide the facility to purchase TEL tokens against fiat. You can buy TEL tokens against cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The top exchanges for buying, selling, and trading in Telcoin (TEL) currently are:
Date | Open, $ | Min, $ | Max, $ | Market cap, $ |
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May 13 | 0.002196 | 0.002196 | 0.003303 | 153 373 089 |
May 14 | 0.002416 | 0.002213 | 0.002461 | 147 856 953 |
May 15 | 0.002472 | 0.002414 | 0.002725 | 166 215 685 |
May 16 | 0.002790 | 0.002441 | 0.002790 | 154 380 300 |
May 17 | 0.002531 | 0.002530 | 0.002658 | 159 369 644 |
May 18 | 0.002624 | 0.002349 | 0.002669 | 143 278 620 |
May 19 | 0.002301 | 0.002301 | 0.002562 | 151 371 276 |
May 20 | 0.002491 | 0.002329 | 0.002526 | 142 937 504 |
May 21 | 0.002342 | 0.002342 | 0.002433 | 147 054 072 |
May 22 | 0.002399 | 0.002390 | 0.002479 | 148 132 069 |
* Crypto Rating accepts no liability for any errors in the Telcoin information, TEL Prices and TEL's Market Cap. For the most up-to-date prices please visit the Telcoin's official website.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 59.2% | 84 | $29 906.45 | 1.19% | -0.93% | $569 615 124 749 | ||
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Ethereum predictions | 59.2% | 88 | $2 006.73 | 1.31% | -3.60% | $242 575 430 000 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $0.998861 | 0.02% | 0% | $73 191 653 422 | ||
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USD Coin predictions | 95.2% | 1 | $1.000391 | 0.01% | 0% | $53 095 646 398 | ||
5 | ![]() |
Binance Coin predictions | 56% | 88 | $316.79 | 1.33% | 4.98% | $51 725 100 830 | ||
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XRP predictions | 57.6% | 89 | $0.417070 | 0.10% | -2.43% | $20 162 437 867 | ||
7 | ![]() |
Binance USD predictions | 94.8% | 1 | $0.999756 | -0.07% | -0.22% | $18 513 212 786 | ||
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Cardano predictions | 56% | 91 | $0.535071 | 0.10% | -4.15% | $18 052 780 745 | ||
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Solana predictions | 60.8% | 88 | $51.57 | 2.05% | -5.27% | $17 496 824 554 | ||
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Dogecoin predictions | 58% | 92 | $0.085116 | 0.07% | -5.10% | $11 292 451 422 | ||
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Polkadot predictions | 58.4% | 87 | $10.08 | 0.86% | -9.13% | $9 955 703 739 | ||
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Avalanche predictions | 58.8% | 90 | $31.39 | 4.58% | -10.83% | $8 448 611 482 | ||
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Wrapped Bitcoin predictions | 63.2% | 84 | $29 892.78 | 1.26% | -0.99% | $8 268 429 569 | ||
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TRON predictions | 72.8% | 53 | $0.076139 | 2.55% | 10.86% | $7 366 589 571 | ||
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Dai predictions | 96% | 1 | $1.000541 | -0.05% | 0.02% | $6 532 230 569 |
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