Telcoin

Telcoin cryptocurrency guide advises where to buy and how to buy Telcoin. This guide also contains the markets, value, trading, investing, buying, selling, transactions, blockchain, mining, technology, advantages, risks, history, legislation, regulation, security, payment, networks and many other interesting facts about Telcoin as well its status in the world of cryptocurrencies.

Telcoin, Friday, 2025-06-13

Telcoin (TEL)

What Is Telcoin?

Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed and accepted by telecom operators, therefore available to billions of users worldwide without extra registration, only using their mobile phones. Telcoin's unique positioning at the frontier of telecom and cryptocurrencies allows us to overcome 3 major difficulties that have prevented many other cryptocurrencies from succeeding on a mass scale: Trust, Market reach, and KYC compliance issues. Telcoin(company) will provide Telcoin for free (Distribution of 50% of our supply over 10 years) to partnering mobile networks in exchange for distributing it to their subscribers. Doing so, Telcoin will provide telecom operators with a big financial incentive to work with it rather than its competitors. Also, being available simply worldwide will naturally make Telcoin the first cryptocurrency being used by everyone on a daily basis. Having access to a large number of users naturally opens the door to a clear business case, international remittances. A $500B market absent from the mobile economy, with only 1% of it going through mobile devices. Telcoin's business model is simple, Telcoin(company) will charge a 0.5% fee when Telcoin is bought or sold by an operator to a subscriber.

Beginner's Guide to Telcoin

Telcoin's vision is to bring financial inclusion to unbanked and underbanked populations, through a very simple and easy to access tool: their mobile phone.

To achieve this mission, we connect with telecom operators. We will initially offer a stack of Telcoin to our mobile network partners for free, providing their customers with seamless access to the digital economy: online remittances, transfers, payments, and ecommerce.

By coupling the power of cryptocurrency and telecoms, we can afford to provide very cheap transfers, which will allow Telcoin to gain market share.

We will also provide the necessary marketing and product development resources to nurture the Telcoin ecosystem, in a joint effort with our telecom partners.

Our long term goal is to create a win/win situation with our telecom operator partners, to bring financial services to those who can't access them right now. We expect to achieve this goal with the market reach and marketing firepower of our telecom partners.

Where and How to Buy Telcoin?

Telcoin is now available on two exchanges, Kucoin and HitBTC.

Telcoin Wallet

Telcoin wallet is not ready yet, but any ERC20 token friendly wallet can store Telcoin token(TEL).

Where to Sell and Trade Telcoin?

Telcoin is now available on two exchanges, Kucoin and HitBTC.

Telcoin Markets

Value of Telcoin

When Telcoin ICO happened in December of 2017, 1 Telcoin was 0.0013 USD (0.000001816484866 ETH). Then it jumped to about 0.01USD when Telcoin got listed on Kucoin in January of 2018. After that, Telcoin had faced a difficult time because the whole crypto market went down but still the Telcoin's price remained above ICO price. The price started going up again gradually when Telcoin got listed on HitBTC at the end of March.

If you want to know current Telcoin's price, you can check at CoinMarketCap. (https://coinmarketcap.com/currencies/telcoin/)

Is It Profitable to Invest in Telcoin?

Telcoin has a finite supply of telcoin (100 billion). Because of Telcoin's customer target, which is market, Telcoin believes that once the product is mature and lands in the hands of hundreds of millions of people, the token value will increase as more and more transactions will be generated, but since the token has a finite supply, its unit value will need to increase to support the amount of transactions generated.

Where to Spend or Use Telcoin?

Telcoin has four Primary Use Cases.

1.Efficient Remittances - Telcoin can facilitate easy and inexpensive remittances via Telcoin to and from mobile money platforms, increasing the adoption of Partner mobile money. Telcoin will strongly focus on International remittances at the first phase of the project.

2.Access to Cryptocurrency - Attract mobile customers interested in easy access to cryptocurrencies, a rapidly growing demand. Increase e-commerce options for underbanked.

3.Network Prepaid Airtime Top-up - Purchase and transfer of airtime using Telcoin (denominated in local currency, including any prepaid voice, text and data promo offerings).

4.Crypto-backed Card Payments - Prepaid Visa card that spends Telcoin and other crypto assets in realtime and can also be used in supported ATM machine on the Visa network.

In addition to above four primary Use Cases, Telcoin considers other use cases such as Mobile Game Airdrop, International Aid, Roaming Spending and so on.

Can Telcoin Grow to Become a Major Payment Network?

Telcoin will initially focus on tapping into the US$500B remittance market. Remittances are the first actual direct use case where Telcoin sees feasible market entry opportunity. However, remittance will not be the only thing that Telcoin will provide. Telcoin has several potential use cases as well.

One of the potential use case is Crypto-backed Card Payments, prepaid Visa card that spends Telcoin and other crypto assets in realtime and can also be used in supported ATM machine on the Visa network.

How Does Telcoin Work?

Telcoin will provide Telcoin(TEL) for free to partnering mobile networks in exchange for distributing it to their subscribers.

UserA in countryA can buy Telcoin from their mobile network and send it to userB in countryB. UserB can cash out through their mobile operator or keep Telcoin as a crypto asset. UserB also can convert Telcoin into mobile money or airtime, depending on their mobile networks. Entire transaction fee is only 1%.

Does Telcoin Use Blockchain Technology?

Yes. Telcoin is a cryptocurrency based on the Ethereum blockchain.

Mining Telcoin

Cryptocurrencies typically ensure the integrity of their blockchain by allowing public mining, which amounts to members of the public competing to process blockchain transactions as fast as possible in exchange for receiving newly minted cryptocurrency coins. In addition to autonomously powering the blockchain, this public mining “proof of work” algorithm for distributed consensus protects it from malicious attack (as any blockchain hack would require simultaneously compromising more than half of the global mining operations).

While this proof of work model works well for a purely autonomous blockchain, it has presented scalability issues and requires a significant amount of electricity. Cryptocurrencies based on purely autonomous blockchains also struggle to comply with “know your customer” (KYC) requirements intended for anti-money laundering (AML), combatting the financing of terrorism (CFT), and fraud management(FM).

Telcoin will implement an alternative “proof of stake” algorithm for issuance, whereby only GSM Association Full Member mobile network operators and their virtual network partners (MVNOs) will have a right to be issued Telcoin. Instead of an inefficient competition between telecoms, issuance rights will depend on stages of Telcoin integration. Half of all Telcoin supply will be set aside for mobile network issuance at a linear rate of fivepercent annually based on the following model for issuance rights:

Telcoin Integration Stages

1.Connect with Telcoin (10%)

 • Equal right to any MNO that establishes Exchange Capability with Telcoin

2.Validate Network Size (10%)

 • Proportional rights to MNOs based on network size and capacity

3.Telcoin Exchange Volume (50%)

 • Based on volume of Telcoin exchange between Telcoin and MNO subscribers

4.Compliance Maturity (30%)

 • Compensates MNOs for compliance efforts (KYC, AML/CFT, FM, etc.)

What Are the Advantages of Telcoin?

Telcoin's core service will be remittances. Therefore, Telcoin's competitors would be existing remittance companies such as Western Union(tradittional remittance company) and Transferwise(startup for peer-to-peer money transfer service).

Telcoin thinks the key differentiator compared to other remittance companies is pure convenience. Mobile money is more convenient than connecting your bank account to an online service or going to a physical outlet. By partnering with telecoms and leveraging mobile money infrastructure, Telcoin will be able to offer a service that is not only price competitive but also disruptive from a convenience standpoint.

Is Telcoin Secure?

In order to secure Telcoin and Telcoin related transactions, Telcoin approaches security issue as following:

Ethereum Blockchain

In the wake of the recent Ethereum attacks, we cannot possibly talk about Telcoin being secure without addressing the state of this precise blockchain. Here is a summary of the recent attacks that the Ethereum ecosystem has faced:

• CoinDash had their website hacked. Hackers replaced the target address for ICO and hijacked the equivalent of US$7M.
• Parity, an Ethereum wallet, got exploited by hackers. A Flaw in the smart contract gave hackers the possibility of sending money to an arbitrary address, which they exploited to steal $32M.
• Bithumb, the largest South Korean cryptocurrency exchange, got hacked. An employees laptop was compromised, resulting in US$1M stolen from users, and personal information leakage.

Most of those attacks do not directly result from issues with Ethereum itself, but from security breaches of third parties, which is why we will appoint security experts and rely strictly on trusted technology. During the ICO period, our website is going to be static and hosted on a provider that allows secure 2-Factor authentication, which will inherently limit hacking risks. Moreover, we designed following secure infrastructure principles such as separation of concerns (modular architecture in which each module does only one thing) and the least privilege (modular architecture in which each sub-part in the system only has access to the subset of data it needs). Following these principles, and other general security best practices, even if our staff gets their SIM hijacked, their computer compromised, or their phone compromised, user data will theoretically be unreachable.

Another issue that needs addressing when considering security, is the smart contract language problem. Solidity, the language used to write smart contracts makes it notoriously difficult to secure. The current solution is to rely on audited open source contracts available on Github. The problem inevitably arises in the process of adapting these audited contracts to meet their desired proprietary business logic. We plan to not only base our smart contracts on audited code, but to also have our final contracts audited following the integration of business logic. A paper written by Jack Pettersson and Robert Edström from Chalmers University of Technology in 2016 makes a very interesting point about how much safer smart contracts would be if they were written using languages implementing recent PL research.25 Telcoin commits to pursue research in this area as we believe it will not only benefit us, but secure the entire Ethereum economy. Researching security issues on the EVM is also part of the scope we intend to cover.

Wallet security

In order to store and spend cryptocurrencies, users normally use software wallets. Those wallets typically hold keys that allow users to execute transactions on the blockchain. Traditionally, a user can execute any sort of transaction on his addresses using their keys. As normal as it sounds, this model exposes the user to the risk of losing all of their coins instantly if their private key is compromised. On the Ethereum blockchain, those issues can be mitigated using smart contracts acting like multi-signature wallets. A multi-signature wallet, or multisig, requires a certain number of participants to sign for a certain subset of operations to be executed. An example could be a wallet in which you would have daily limits, and require several participants to sign in order to withdraw larger amounts. We have partnered with multiple cryptocurrency wallet companies, which will allow us to provide Telcoin users with the best experience of the cryptocurrency ecosystem. Telcoin is planning to only work with wallet partners that support multi-signature wallets, which will benefit all of our users instantly. The intended security default for Telcoin is that users’ wallets are multisig with one key held by their mobile operator, and another held by Telcoin. This mechanism would prevent loss of coins due to SIM-jacking and stolen phones. This will be the default setting, which can be changed by users if they intend to manage security themselves.

Hot and cold wallet strategy

The best accepted practice for storing any large amount of cryptocurrency is to use a strategy of hot and cold wallets. Moving coins from a hot wallet to any colder wallet should be simple, but moving coin out from a cold wallet must absolutely require more involved processes. Those processes can include getting a keys from safes in remote locations, using specific cryptographic hardware and even biometrics. As our issuance model will allow us to manage partner telecom wallets, it will inherently help us to enforce a responsible hot and cold wallet strategy by default. Expertise from our wallet partners has also been valuable in designing these processes. Securing key management on devices We want to provide the most secure and pleasant mobile experience to our users. An essential part of this is to give users a way to encrypt their keys securely on their phones. We’re not the first company trying to solve this problem, and recent phones provide secure encryption frameworks.

Although we are not a wallet company, we intend to build a reference implementation to provide mobile operators with white-labeled wallets or at the very minimum, guidance on how to build their own wallets using our in-house experience. We will do everything in our power to ensure every wallet accepting Telcoin is secure, as it is very important to generate much-needed trust. The following methods are basic blocks we consider to be necessary to be compliant with our security model.

• iOS - On iOS, the recommended way is to use Secure Enclave in wallets. This way, data is directly encrypted using dedicated hardware (since iPhone 5S, all iPhones have encryption built-in). When a user needs to access encrypted data to make a payment, they identify to their Keychain using TouchID, which also makes use of hardware to decrypt the data if the user is recognized. After this authentication step, the app will execute the transaction. Every key stored on the device must be encrypted using this method.
• Android - Android in general tends to be much more fragmented than iOS, and this fragmentation forces application developers to choose between reducing the security level of their software and providing to a lower amount of users, as only a few devices implement security primitives comparable with Apple’s TouchID. The most rational approach in this case is to put a minimum of trust on the device by default, and design applications in such a way that the device can be compromised without risking the user’s balance. This essentially means not storing sensible data on the users phones. on the users phones.

Has Telcoin Ever Been Hacked?

No.

How Can I Restore Telcoin?

Telcoin is currently working on own in-house wallet, but it's not released yet. It will be released the second half of 2018, according to Roadmap.

In the meantime, you can use any ERC20 friendly wallet. For example, a hardware wallet like Nano ledger S, or an online solution like myetherwallet would be fine to store your Telcoin.

History of Telcoin

• Telcoin PTE.LTD. was founded in July 2017 by Claude Eguienta and Paul Neuner.
• Telcoin went through ICO and raised US$ 25,000,000 which is 100% Hard Cap Reached.(December 2017)

Who Created Telcoin?

Telcoin was founded by Claude Eguienta(CEO) and Paul Neuner(Chairman).

Claude: MS in Computer Science and focused on distributed systems, Claude has been working for startups and large tech companies for a decade. After a stint as a lead systems architect at CyberAgent he co-founded Kabotip, a crypto startup which went through the OnLab incubator. Advisor at TenX.

Paul Neuner: Paul has more than two decades of experience as a tech entrepreneur in the telecom space, including a successful exit. In 2006 Paul founded Mobius, a leading provider of telecom fraud management solutions that is now installed at more than 30 mobile operators globally.

In addition to Claude and Paul, Telcoin has marvelous team members as well. Here are Telcoin's core members, VP of each division.

Naim Boughazi: VP of product, the co-founder and lead designer for tantan, one of the most successful dating application in China.

Simo Kinnunen: VP of engineering, Rust expert and former CTO of HouseCare. Also ex-system engineer at Cyberagent.

Yacine Farouk: VP of Marketing, a pro of consumer marketing. Co-founded his own fashion brand, and has worked for Nike, Jordan Brand or Parrot.

Eric Chung: VP of compliance, former vice-president at DENA and Barclays capital. Launched japan offices for several successful foreign start up.

Alix Zerd: VP of business development, ex-LINE game business development manager for US and Europe.

Telcoin Videos and Tutorials

https://www.youtube.com/watch?v=oc7xTtTnXxs https://www.youtube.com/watch?v=s93V0aWNE_I https://www.youtube.com/watch?v=IgHeyV73rzM https://www.youtube.com/watch?v=EJ_LEh2Ag_A

See Also

• Bitcoin | Ethereum | Ripple | Bitcoin Cash | Litecoin
• Cardano | NEO | Stellar | EOS | NEM | VeChain Thor
• Monero | Dash | IOTA | TRON | Tether | OmiseGO
• Bitcoin Gold | Ethereum Classic | Nano | Lisk | ICON
• Qtum | Zcash | Populous | Steem | Ontology | Waves
• DigixDAO | Bytecoin | Bitcoin Diamond | Binance Coin
• Bytom | Verge | Crypto Humor
• Cryptocurrency Dictionary | List of Cryptocurrencies | CEX.io
• Binance | Coinbase | Changelly | Coinmama | Bitpanda
• LocalBitcoins | Kraken | Paxful | Ledger Nano S | TREZOR