What Is Telcoin?
Telcoin is an all new ‘mobile cryptocurrency solution’ that lays particular focus on integrating “cryptocurrencies with mobile networks globally”. Through this mode of action, Telecoin envisions to make conversions between telecom mobile money and, prepaid credit and postpaid billing platforms more easy. Other key aspects of this service include:
Fully Compliant with telecom operator guidelines: this platform stays in line with all international telecom regulations, and will be exclusively distributed by GSMA mobile network operators.
Widespread Availability: Telcoin has partnered with all of the major mobile network providers across the globe to bring this crypto based service to over 5 billion mobile users.
Based on Market Research: the platform has been built upon a solid foundation of the Ethereum blockchain. Analysts have predicted that this market segment has the ability to blossom into a potential goldmine in the coming future. As a result of this, Telcoin inherits the strength of a trusted network.
Telcoin issuance to telcos will occur at a rate of 5% annually for a period of 10 years following the ICO, distributed to GSMA mobile networks continuously based their stage of Telcoin integration.
Incentivized adoption
Connecting to Telcoin will make an operator immediately qualify to receive continuous Telcoin issuance. Networks with more Telcoin exchange traffic will receive more.
Flexible Telco API
The Telcoin pricing and exchange API allows interaction with mobile network IN prepaid platforms, postpaid billing systems, and mobile money accounts, via SMS, USSD, REST APIs, and Diameter
Wallet agnostic
We will immediately offer the TenX wallet, but will also help telecoms release branded Telcoin wallets and will cooperate with any operator proprietary or third-party wallets.
Truly mobile-friendly
Telcoin is designed to be fully integrated with your mobile spending habits, including international remittances, online payments, mobile credit topups and ad hoc transfers.
Through its telecom providers, Telcoin provides their customers with access to the digital economy: online remittances, transfers, payments and e-commerce. At the same time, telecom providers will participate in the overall mobile money ecosystem and provide value added services to their user base.
Telcoin Initial Coin Offering (ICO) Details
According to the company’s official ‘Whitepaper’, the total Telcoin supply will be composed of 100,000,000,000 coins. However, out of this large figure, only 25% of the total supply will be distributed during the ICO. Not only that, even out of this, 25%, 22% will be available for investors to invest in, and 3% will be allocated to the bonus pool mentioned in the pre-ICO section.
Additionally, it should be noted that the “unit value of a coin will be calculated based on the total amount of funds raised during the pre-ICO and ICO phases”. Telcoin tokens will be purchasable in exchange for Ethereum, Bitcoin or TenX Pay tokens, and all purchases can be executed via the use of smart contracts for a limited time and limited amount.
Lastly, the tokens will remain on sale for a maximum of two weeks and we once the deadline is reached, the sale will be ended.
Telcoin2017
Nice concept for an ICO
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