The development of cryptocurrencies is moving in interesting ways. The Telcoin project is intended to partially replace fiat money and combine blockchain technology with the capabilities of cellular operators.
Team
The team is headed by Claude Eguienta. At one time, he founded the Japanese company CyberAgent (video game development) and the social application Kabotip.
Co-founder and Chairman Paul Neuner. He founded the telecommunications company Mobius and has been in this business for 12 years.
Project
The project is aimed at clients without an open bank account for the constant use of digital currency as payment via a smartphone. The goal of the Telcoin platform is to begin to actively cooperate with cellular operators and transfer payments to a digital basis. The project is designed to make cryptocurrency payments available everywhere and gradually switch from traditional banking to mobile cryptocurrency. To implement the project, it is planned to use digital money in the existing mobile network. This involves significantly simplifying international money transfers and replacing expensive banking services.
Token
TEL is a valid token that will be used on the Telcoin platform. It is built according to the ERC 20 (Ethereum) standard and distributed among system participants.
Telcoin (TEL) - will allow users to make many financial transactions through a smartphone. The developers are announcing the possibility of not only mobile payments, but also payment for telecommunications services, issuing microloans or small loans, and access to other blockchain projects through a regular smartphone.
The ICO release took place on December 11, 2017. A total of 100 billion TEL were put into circulation.
The first addition to the exchanges took place on January 15, 2018, at a price of 1 TEL = $0.0046.
Today, the token is traded at $0.001898, the total capitalization of the project is about $56 million. More than 97% of all trading takes place on the Kucoin exchange.
Summary
Digital currency was developed for constant everyday use, and not for long-term storage with a chance to make money on it. Prospects mainly depend on the reach of the user audience. Today, more than 5 billion mobile phones are used around the world. Compared to the number of bank clients, this number is approximately 5 times larger. So there is potential for the development of this platform, subject to close cooperation with mobile operators.. Therefore, it is better to consider long-term contributions in the context of project implementation. That is, the success of this, in our opinion, interesting token depends entirely on the interest of large mobile operators in it and on the professionalism of the marketers of the project team.
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