Telcoin
About Telcoin
Telcoin (TEL) is an innovative digital asset powered by the Ethereum blockchain, aiming to bridge the gap between the telecom industry and blockchain technology. This decentralized project aims to establish advantageous partnerships within the telecommunications field, such as with AT&T and Verizon, in order to improve the interaction between billing and mobile money platforms. This focus allows Telcoin to provide high-speed, low-cost digital remittances into a market currently dominated by traditional providers such as Western Union.
In the last hour, Telcoin's price has seen a change of +4.75%, and over the past 24 hours, its price has moved by +8.07%. Over the previous week, Telcoin's price has moved by +13.82%. The current price of Telcoin is $0.001745, accompanied by a trading volume of 1.335M in the last day. Telcoin's price is currently 97.31% below its all-time high of $0.06490, which remains the highest price Telcoin has achieved since its launch. The circulating supply of Telcoin stands at 96.17B, translating to a total market capitalization of 167.8M.
Market stats
Frequently asked questions
What is the Telcoin network?
Telcoin and its trading symbol (TEL) are a blockchain-based payment network developed on the Ethereum blockchain and utilizing a Proof-of-Stake (PoS) consensus mechanism. This platform focuses on mobile money transfers, stablecoins, and decentralized banking services. It allows anyone with a mobile phone to send money across borders and access fully regulated financial services directly on the blockchain. The platform simplifies the process by using phone numbers for identity verification, sparing users the need to deal with complex cryptocurrency transactions. Telcoin focuses on the remittance market, which is dominated by Western Union and other major banks. It aims to address the issues of long transfer times, high fees, and delays when sending money.
How does the Telcoin network work?
Telcoin operates on the Ethereum network and leverages smart contracts to execute transfers and manage crypto assets securely and reliably. The network allows users to retain full control over their assets and send them directly between wallets without the need for an intermediary. It also supports multi-signature wallet technology, which requires more than one private key to approve a transaction, thereby enhancing security. Telecommunications operators participate in operating the system and verifying transactions, and they receive TEL token rewards based on the level of their contributions and the integration of their services with the network. This model aims to integrate telecommunications network infrastructure with blockchain technology to provide fast, low-cost, encrypted financial transfers.
Is TEL available on Rain?
We are constantly working to expand our list of available assets, and although we cannot provide a specific date for the listing of the Telcoin (TEL) network at this time, you can follow the latest updates through our official social media channels, such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulatory framework for trading digital assets in the region.
What are the risks and considerations?
Before purchasing TEL, it is important to understand the associated risks:
• Price volatility risk: The coin may be subject to sharp price fluctuations.
• Liquidity risk: Liquidity may affect the coin’s price movement.
• Governance and regulatory risk: The coin’s value may be affected by legislation and regulation.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not buy TEL based solely on price predictions. Instead, you should study the whitepaper, the coin’s use cases, the project’s vision, and your risk tolerance before making any decision.
What is Telcoin?
A platform designed specifically for mobile phones that connects telecommunications infrastructure to the blockchain to provide user-owned financial services.
What is the TEL token?
The service’s native token, used as gas to secure the network, pay fees, and power liquidity pools.
How do money transfers work on the network?
Users can instantly send money from the app to more than 40 mobile payment platforms and e-wallets in multiple countries.
What is a Telcoin wallet?
A Telcoin wallet is where you can securely store Telcoin. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Telcoin address?
A Telcoin address is a string of unique characters that is tied to your Telcoin wallet. The address functions just like a bank account number and it is what you use in order to send Telcoin from your wallet, or to receive Telcoin to your wallet.
What are the most popular cryptocurrencies besides Telcoin?
Besides Telcoin, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Telcoin be in next 5 years?
Price predictions for Telcoin over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Telcoin taxable?
Trading Telcoin may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Telcoin's ATH?
Telcoin’s all-time high (ATH) was $ 0.06490 on 11 May 2021. This represents the highest recorded market price of the asset to date.
When will Telcoin be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Telcoin just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Telcoin?
With a market capitalization of 167.8M, Telcoin is ranked 140 among other crypto assets.
What is the all-time high of Telcoin?
The highest valuation of Telcoin since its launch was at $0.06490, marking its all-time high.
What is the 24-hour trading volume of Telcoin?
The trading activity of Telcoin over the last 24 hours was at 1.335M, highlighting its liquidity in the market.
How many Telcoin are there in circulation?
There are approximately 96.17B units of Telcoin currently in circulation, affecting its market dynamics.
What is the relative popularity of Telcoin?
Telcoin market cap is around 167.8M.
When was Telcoin created?
Telcoin was introduced on 28 Dec 2017.
Website
White paper
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