With the advent of blockchain technology and digital assets along with crypto pairs including TELUSDT and VID USDT, there is a growing trend of companies launching their own cryptocurrencies. Telcoin (TEL) is one such example. It is a cryptocurrency that has been designed to be used in mobile phones across the world.
What is Telcoin (TEL)?
Telcoin is a cryptocurrency that is designed to make it easy to send money to anyone in the world. Telcoin was created by The New York-based company, Telecommunication Company of America (Telcoa), which has been in business since 1975.
Telcoin was created as part of an effort by Telcoa to help people transfer money around the world, whether they have access to bank accounts or not. It can be used for remittances and bill payments, though it does not support transferring funds from one person’s bank account directly into another person’s bank account.
How Does Telcoin Work?
Telcoin is a stable coin that is backed by the value of the telecom industry. It’s a digital currency that can be used to send money to mobile phones. Telcoin allows you to send money through SMS or USSD on any mobile phone in the world, even if it doesn’t have access to the internet or traditional banking services.
The company behind Telcoin wants to use cryptocurrency as an alternative method for sending funds across borders quickly and easily, as well as offering people who don’t have access to traditional banking services an easier way of sending money back home. This could help develop financial inclusion by giving these individuals more opportunities for economic growth and improved quality of life.
What Makes Telcoin Unique?
Telcoin is a cryptocurrency that is used to make instant, secure and low-cost international payments.
Telcoin is a global currency that can be used to send money to anyone in the world, anytime, anywhere.
The Telcoin network is supported by its own blockchain technology, which makes it possible for users to send any amount of money instantly with no need for an intermediary or middleman.
Unlike other cryptocurrencies that are built on top of existing blockchains (like Ethereum), Telcoin uses its own blockchain technology for payments processing and storage.
How is Telcoin Secured?
In order to be able to work as an operator on the Telcoin blockchain, you need at least 10,000 TEL in your wallet. This is why we call them “masternodes”—a portmanteau between master and node (the computer that processes all the transactions). The operator’s job is to confirm blocks containing all transactions made in it as valid or invalid for inclusion into its local copy of the blockchain.
As long as there are enough masternodes on a network (and no one tries to overpower them), we can guarantee that it will always be secure from 51% attacks. If someone were trying to attack our network with less than 50%+1 shares available for mining at any given time then their chances of success would be quite slim indeed.
Telcoin Siginificant Features
Remittances Reimagined on Mobile
Telcoin is a cryptocurrency that is designed to make international remittances more affordable and efficient. Telcoin is airdropped to mobile users in developing countries, where it can be used as a mode of payment. Mobile users in developed countries also receive the airdrop, but they are able to purchase Telcoin on exchanges starting in March 2019.
Instant Transfers
Telcoin is one of the few cryptocurrencies that allows you to make instant transfers, both within and outside of the network. These transfers are free, secure and easy to use.
Most Affordable
Telcoin is the most affordable cryptocurrency in the market. It’s also the cheapest cryptocurrency to send money to a mobile phone.
If you’re looking for a cryptocurrency that can help your family and friends receive money on their phones, Telcoin is your best choice. Not only does it have low fees, but it’s also one of the cheapest cryptocurrencies on earth.
Mobile Convenience
Telcoin’s mobile app, wallet, and payment services make it a highly convenient option for users around the world. The app can be downloaded from Google Play or the Apple App Store.
The mobile wallet supports multiple currencies including TEL and Bitcoin (BTC). Members can send money via text messages or e-mail to recipients with accounts in any country where Telcoin is accepted by vendors.
Powerful and Secure Network
Telcoin is built on the Ethereum blockchain and IPFS, a decentralized protocol for storing data. The project also uses the EVM (Ethereum Virtual Machine) to execute smart contracts and PoS consensus algorithms for transaction processing. In addition, there are three types of nodes: master nodes, witness nodes and normal nodes. The Telcoin token has been fully integrated into its network since its launch in November 2018.
Expanding mobile financial services
Telcoin aims at solving this issue by giving people access through their phones–a device that everyone owns–but without requiring them to go through any kind of bureaucratic process (allowing them greater mobility). You can download their wallet app onto your Android or iOS device and start sending money instantly.
Wallet Agnostic
Telcoin is compatible with any wallet that supports ERC20 tokens. This includes MyEtherWallet, MetaMask, and other wallets.
It is not compatible with hardware wallets like Ledger Nano S or Trezor.
How and Where to Buy Telcoin (TEL) ?
The first thing you should do is to buy TEL on an exchange.The second option is to use fiat currency as a form of payment for your purchase of Telcoin (TEL). You can use any major credit card or debit card, but it’s more likely that you will be able to get better rates if you use your bank account as opposed to using a credit card or debit card.
Because most banks offer some sort of bonus when making purchases through their accounts such as cash back rewards or interest free periods on purchases made with certain cards
