Despite the setbacks, resistance, and obstacles that digital currencies have faced, interest among cryptocurrency traders and observers has grown. Blockchain has been crucial in implementing innovative solutions to basic everyday problems, and Telcoin is one of these alternatives (TEL). So what is Telcoin? and is telcoin worth it?
What is Telcoin?
Telcoin is an Ethereum-based blockchain that functions as a decentralized cryptocurrency and a payment system. It was introduced to simplify global money remittances through the assimilation of blockchain and the telecommunications industry. It aspires to be the primary currency used by telecom companies to provide money transfer services to their customers. The introduction of Telcoin marks a significant turning point in an industry where it is easy to point to the benefits of offering remittance services. Still, it is important to note that while many areas have cell phone infrastructures for such services, they are missing the budgetary infrastructure required to provide traditional banking services.
Telcoin’s debut came at the right time because big centralized suppliers now control the remittance market. As fees from the multiple third parties involved in handling international money transfers continue to accrue, these providers keep raising their charges. Telcoin is therefore making use of the current infrastructure for mobile payments to offer a more effective, user-friendly experience and lower prices to the market.
What are Telcoin Remittances?
Telcoin Remittances, Telcoin’s first consumer-facing product, specializes in high-speed, limited-cost digital currency transactions to mobile money worldwide platforms and e-wallets. Telcoin Remittances collaborates with telecom, digital cash, and e-wallet partners worldwide to facilitate remittances. Receiving and sending money is simple, inexpensive, and secure.
What is TEL token utility?
TEL token operates on the Ethereum blockchain and adheres to the ERC-20 token standard. As a result, the TEL token is compatible with the vast majority of DeFi applications, wallets, and transactions. The multi-utility TEL token is important to the Telcoin crypto ecosystem’s smooth operation and security. The TEL token, as the platform’s underlying asset, serves as the primary mean of exchanging and stockpiling assets.
As the sole digital asset with viability for the SMS Network and TELxchange, the TEL token serves as a link currency between these platforms. On the Telcoin platform, all transactions will pass via TEL token pools by default.
Is Telcoin TEL a good investment?
Investing in a down market has benefits and drawbacks. You can purchase a TEL bag to hold onto for the long run, but there is no assurance that the price has bottomed, given that the stock has lost 97 percent of its value from its all-time high, and if you believe the bear market of 2022 is a good time to invest.
Since there are no assurances of success, you should be informed of the dangers involved in investing in such a project. You should always conduct your own research because this is not financial advice.
How to buy the TEL token?
TEL has been registered on several cryptocurrency exchanges that offer a huge selection of crypto assets. But unlike other cryptocurrencies, there is no method to buy it directly. Therefore, if you want to acquire TEL, you must first buy another cryptocurrency before using that money to buy TEL tokens. After purchasing TEL tokens, you can get them in any wallet connected to the platform where you made your transaction. All Ethereum-compatible wallets support Telcoin, so compatibility with currency storage is never a problem.