About Telcoin ICO
Telcoin ICO is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy. Telcoin is the first cryptocurrency to tap into synergies between the reach of mobile telecoms and the fast, borderless nature of blockchain technology.
According to the World Bank, there are nearly five times as many mobile phones in the world (5 billion), as there are active bank accounts (1.2 billion). It’s a lot easier to access mobile phone services than banking services, and we aim to capitalize on that disparity. We will initially offer Telcoin to our mobile network partners, providing their customers with seamless access to the digital economy: online remittances, transfers, payments, and ecommerce.
The will also provide the necessary marketing and product development resources to nurture the Telcoin ecosystem, in a joint effort with our telecom partners. The objective is not to compete with telecom mobile money, but to cooperatively participate in the overall mobile money ecosystem. We see ourselves as a complementary solution; a tool that will increasingly bring users to mobile money, cryptocurrency-backed solutions, and mobile wallets.
| ICO | DETAILS |
|---|---|
| Company Name | Telcoin ICO |
| Token Symbol | TEL |
| Accepts | ETH |
| Type | Utility |
| Price | 1 TEL = 0.0013 USD |
| Hard Cap | 25,000,000 USD |
| Soft Cap | 10,000,000 USD |
| Accepting | BTC, ETH |
| Platform | Ethereum |
| Status | Active |
| Email Support | Yes |
| KYC | Yes |
| Website | Homepage |
Remittances Reimagined on Mobile
There are nearly five times more mobile phones than active bank accounts, yet people around the world are still lining up to send money from high-cost remittance agents like Western Union. Why waste time and money when you could be using what’s already in your pocket?
Instant Transfers
By leveraging blockchain technology and mobile money infrastructure, Telcoin ICO enable users to transfer money globally in seconds.
Mobile Convenience
Telcoin works with mobile operators and e-wallets globally, allowing us to reach a broad base of users with a contactless service.
Most Affordable
Including fees and FX margin, the global average cost of sending a remittance is over 7%. Telcoin is targeting an average total cost of less than 2%.
Powerful and Secure Network
Built on the Ethereum blockchain, Telcoin combines Telcoin ICO the strength of a decentralized network with multi-signature crypto security.
Send Money Globally
Our user-first design makes the Telcoin Wallet the ultimate way to send money. Simply cash-in, enter the beneficiary country, phone number, amount, and send.
A Solid Model for Telecom Adoption
Telecom operators are issued TEL based on their transaction volume and integration maturity, ensuring the most efficient delivery of an affordable remittance service to their subscribers.
Incentivized Adoption
Telcoin can easily fit into existing fee models for connecting to carrier billing and mobile money platforms, but any fees applied are then deducted from TEL issuance. The model incentivizes Telcoin ICO a low fee service that is attractive to end users but still profitable for networks.
Flexible Telecom API
Telcoin’s pricing and exchange API interacts directly with carrier billing and mobile money platforms through REST APIs, SMS, and USSD.
Expanding Mobile financial Services
Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service aligned with the telecom industry.
Wallet Agnostic
In addition to our proprietary wallet, Telcoin can integrate with existing telecom mobile money wallets. Offering Telcoin to subscribers is as easy as adding an additional remittance merchant.
A Solid Model for Telecom Adoption
Telcoin issuance to telcos will occur at a rate of 5% annually for a period of 10 years following the ICO, distributed to GSMA mobile networks continuously based their stage of Telcoin integration.
- Incentivized adoption
Connecting to Telcoin will make an operator immediately qualify to receive continuous Telcoin issuance. Networks with more Telcoin exchange traffic will receive more. - Flexible Telco API
The Telcoin pricing and exchange API allows interaction with mobile network IN prepaid platforms, postpaid billing systems, and mobile money accounts, via SMS, USSD, REST APIs, and Diameter. - Wallet agnostic
We will immediately offer the TenX wallet, but will also help telecoms release branded Telcoin wallets and will cooperate with any operator proprietary or third-party wallets. - Truly mobile-friendly
Telcoin is designed to be fully integrated with your mobile spending habits, including international remittances, online payments, mobile credit topups and ad hoc transfers.