What Is Telcoin?
Telcoin is a cryptocurrency based on the Ethereum network, which proposes a solution for the issue of digital money by using mobile networks worldwide and creating its own cryptographic token. The cryptocurrency is distributed to the telephone operator through an efficient alternative to remittances, and the issuance of cryptocurrencies to telecommunications companies is 5% per year. The main objective of the Telcoin network is to become one of the main global financial endeavors of the 21st century through the use of mobile digital money. Among the key aspects of this company is its plan to make telecommunications mobile money conversions, prepaid credit, and postpaid billing platforms easy. In addition, it plans to stay aligned with intercommunal telecommunications companies and will be exclusively distributed by GSMA mobile network operators.
Telcoin is a reliable network fortress thanks to Ethereum's blockchain technology, and it is anticipated for the future of this platform that it will be able to strengthen a potential mobile money gold mine. This company distributes its own token to mobile networks through a highly incentivized agreement, which will be distributed to telecommunications companies at 5% for 10 years. Anyone who adapts to this network is part of a family that may be eligible to receive continuous bonuses from TEL tokens. It should also be noted that different market studies have revealed that TEL's encryption domain has the potential to contribute 500 billion dollars to international remittances. Thanks to the use of cryptocurrencies, this platform provides users with cheap transfers, which can allow the user to earn low quotas in the market.
Pros and Cons of Telcoin
Advantages of the Telcoin
Telcoin (TEL) is the first digital coin to combine the capabilities of incumbent mobile operators with blockchain technology. Due to this symbiosis, users can perform via a smartphone many financial transactions like money transfers, online purchases, and various credit payments, as well as speculative operations with this cryptocurrency. It is a revolutionary technology that will significantly simplify international money transfers and replace expensive banking services in the future. A powerful team is also working on the platform. In the end, everyone will benefit from TelCoin: users receive a reduced commission, Telcoin team has a continuous cash flow, and operators have 5% of the annual financial turnover over the next 10 years.
Disadvantages of the Telcoin
At the moment, the company is faced with such difficult tasks as attracting large mobile operators to cooperation and forming a desire among ordinary users to use this cryptocurrency. This digital currency was designed for permanent household use, not for long-term storage with a chance to make money on it so the prospects are mainly dependent on reaching a custom audience. The success of TEL token completely depends on the interest of large mobile operators in it, as well as on the professionalism of the project team's marketers.