Industry: telecommunication
The blockchain platform Miracle Tele is designed for use in the mobile data and broadcasting industry. The main idea of the project is the way to connect thousands of consumers with hundreds of local mobile operators that offer inexpensive services at better prices.
Thus, customers can enjoy lower rates for high-quality communication services and additional tools based on advanced technologies. In addition, customers will be rewarded as a token holder thanks to decentralized technology and a shared economy.
The blockchain platform of Miracle Tele will be based on the use of solutions based on Ethereum, such as Plasma and Sharding innovative technologies or the graphene protocol. This will significantly improve the scalability and the speed of transactions, which will practically lead to the absence of transaction fees, reduced transaction confirmation time and power consumption compared to Bitcoin or Ethereum blockchain.
Tokenisation of the company's assets, which are on the one hand virtual, but at the same time highly measurable resources, such as mobile traffic and airtime, will provide a stable growth of the cost of Miracle Tele tokens and help protect its value from market shocks and increased volatility, as well as emit prepaid debit cards that would support both Miracle Tele tokens and other altcoins and will be available for usage throughout the world.
All the above said makes Miracle Tele an attractive, multi-faceted, inter-sectoral product that will provide its customers and investors with an user-friendly and effective way to use complex communication instruments and innovative financial services in one place, following global trends, such as digitalization and decentralization of the most important aspects of our daily life.
Founded: 2018, Czech Republic
| Industry | Communications |
|---|---|
| Start | October 15, 2018 |
|---|---|
| End | October 15, 2019 |
| 51 days left |
Miracle Tele indeed displays a clear vision of the telecommunication market and its problems. Moreover, the project offers a clear and precise business and revenue model for the company and for the users. They are licensed by the Czech Ministry of Telecommunication, which adds more credibility points. I reckon that they should have included a bar that shows the progress of the token sale so that everyone would know whether the project is going to reach the funding targets or not, and make their investment decisions accordingly. After all, we are in a blockchain space, where transparency is the key.
As far as I understood, the core of Miracle Tele technology stack is based on the Ethereum sharding features, which would be properly implemented only after the launch of Ethereum 2.0, which is ages away. Certainly, this upgraded version of currently second most popular blockchain in the world would probably take it to the number one spot, making Miracle Tele a genuinely innovative solution, but that won’t happen tomorrow or next year. While the project yearns for investment now. I think that I would play it smart and not rush into buying these TELE tokens.
Miracle Tele is pressing all the right pain points, but I think that they will face more than one obstacle on the way to the full realization of this quite an ambitious project. First and foremost, I think that they have set the hardcap way too low. $300 million is peanuts for a global project. Certainly, they may hope to get additional funding from the partnering companies in the future, but if they fail to do so, the project will most certainly go into oblivion, like many other crypto startups. Moreover, the core team doesn’t seem to have enough experience in this field, so I am wondering how they plan to achieve such a far-reaching goal.
We list the most relevant upcoming crypto market ICOs from the industry leaders
Pcore Limited is the London-based IT company that is currently working on the development of the blockchain-based smart platform that enables transparent peer-to-peer invoicing.
2 days left
BitOrb is an up-and-coming crypto exchange that offers an option for derivatives trading as well as a host of other unique features, like the one called Orchestrator, that can make it potentially luring for investors and traders alike.
4 days left
CCUniverse is a Polish crypto project that has set itself a goal of entering not one but three areas where cryptocurrencies, and their utility token named UVU, can be applied at a large scale.
5 days left
The revolution of cryptocurrencies and blockchain technology has brought a lot of new ideas regarding potential ways of advancing current systems in countless industries. In some industries, that would mean an entirely new way of doing things. In others, things would remain pretty much the same, only with more security, efficiency, and speed.
5 days left
