In this article, we’re going to talk about what is Telcoin crypto, and how does it work. The cryptocurrency world is full of innovations. Let’s take a look at what is Telcoin.
Telcoin Crypto: What is Telcoin?
Many cryptocurrencies are based on the Ethereum blockchain. Telcoin too is a cryptocurrency that is based on the Ethereum blockchain. The coin was launched in the year 2017. The aim is to be the connection between cryptos, blockchain, and the telecommunication business. It professes to promote money transfers at extraordinary speed and at a low cost.
The foremost aim of Telcoin is to become a payment market leader like Western Union. Telcoin runs with mobile operators and e-wallets, enabling users to touch a large base of users with contactless assistance. It connects the power of a decentralized network with multi-signature crypto security. According to its website, Telcoin is targeting an average total cost of less than 2%. Telcoin (TEL) is an ERC-20 token and it is used for making payments on e-commerce websites.
Telcoin’s approach is to give coin issuance as an incentive to encourage more comprehensive adoption of Telcoin by an administrator’s subscribers. By already combining operators globally via aggregators, Telcoin can simply request operators in a prioritized method, based on the level of Telcoin interest in each market. Telecom operators that join the Telcoin network are instantly ready to issue TEL tokens. The network provides incentives.
Telcoin Crypto: How Many Telcoin (TEL) Tokens Are in Circulation?
At the time of its launch in 2017, 25 percent of the TEL tokens were distributed in crowdsale to investors. Next, 15 percent were preserved by the Telcoin Team. The max tokens are set at 100,000,000,000 TEL. Right now, roughly half of the tokens (50,270,110,190 TEL) have been issued.