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Checking Out Telcoin (TEL) by g-dubs

View this thread on: hive.blogpeakd.comecency.com
· @g-dubs ·
$80.59
Checking Out Telcoin (TEL)
[Telcoin](https://www.telco.in/) is a cryptocurrency that wants to be distributed over mobile networks and available globally.

The idea is that it’ll be distributed by GSMA mobile network operators and their 5 billion mobile users. Then TEL token is the mobile money that can be used for minutes, prepaid credit, billing, and other financial services.

<center> https://s14.postimg.org/mkk0qllcx/TEL01.png </center>

Telcoin wants to be the first cryptocurrency that taps into the synergies between mobile telecom reach and the borderless nature of blockchain. There are 5 billion mobile phones versus just 1.2 billion active bank accounts. 

The benefit for customers is that they will have seamless access to the digital economy. With a mobile token they can do online remittances, transfers, payments, and e-commerce.

Telcoin doesn’t want to compete with telecom mobile money. Instead, they want to cooperatively participate in the overall mobile money ecosystem.

To that end they are working directly with the telecom companies and believes it’s an advantage as you can leverage their trust, reach, and KYC compliance. Per Telcoin they are already in discussions with mobile operators and will eventually deploy a pilot project.

TEL is an ERC20 token and there’s a total supply of 100 billion. As of this writing just about 21 billion are in circulation.

As for the rest of the coins 50% will go to the mobile operators over a 10 year period, 15% to Telcoin Pte Ltd., 5% to a liquidity fund, and 5% for the Telcoin Foundation.

<center> https://s14.postimg.org/u0jacfbn5/TEL02.png </center>

Overall I like the idea of leveraging off mobile operators. One drawback though is that after reading the whitepaper is apparent Telcoin will have a lot of regulatory hurdles to get this off the ground.

I’m going to watch and see if they can get a pilot project off the ground.

_____________________________________________________
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vote details (76)
@akbarbadsha ·
$0.09
learned something about this coin from your very informative post.
Thanks dear @g-dubs
👍  
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@g-dubs ·
Thanks!
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@akbarbadsha · (edited)
$0.08
You're most welcome😊
👍  
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vote details (1)
@aksdwi ·
$0.22
<p>This post has received a 5.45 % upvote from @aksdwi thanks to: @g-dubs.</p>
👍  
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vote details (1)
@memesteemit ·
Sounds like a very promising coin.  With everything on mobile now, cell phones are the future of arguably everything.  

If this coin is adapted by a major provider, it would see huge returns.  Something to think about and research.  Thanks for posting!
👍  
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@antonsteemit ·
this is very interesting. I really think the future will be so different as there are already lots of people working on blockchain-based Wifi, Internet, TV and now mobile net. 
I'll invest a little. maybe it will become my 30th birthday gift for myself lol!
👍  
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@growingpower ·
Hi! Thanks for your support, @growingpower just upvoted your comment!
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@appreciator ·
<p>This post has received gratitude of 2.08 % from @appreciator thanks to: @g-dubs.</p>
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@asqal ·
$0.11
this info is very useful. I hope many other important info. thank you
👍  
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@g-dubs ·
Cheers!
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@blueorgy79 ·
$0.11
I wouldn't bite unless there's proof of agreement, or at least memo of understanding, with at least one executive from a telecom company.
👍  ,
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@g-dubs ·
yea i'd at least like to see a pilot project
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@cryptoiceman ·
$0.17
This is actually a VERY solid concept!
👍  ,
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@g-dubs ·
Going to take some time but it could work.
👍  
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@cryptonz ·
$0.10
Hi going to check this coin out thank you g-dubs
👍  
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@g-dubs ·
Thanks!
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@cuthamza · (edited)
$0.10
i want to check now. @g-dubs thanks you for information
👍  ,
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vote details (2)
@emrewhale ·
I think the rate of decline is more than
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@enahsgeaux ·
$0.10
This is huge, great intel my man. Might be another alt coin I add to the portfolio.
👍  
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@g-dubs ·
No problem... yea might make a good small spec
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@halcyondaze ·
$0.17
Hmmm...checking this out! Where are you finding out about all of these coins dude? P.S. Are you on Steemit.chat?
👍  
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vote details (1)
@g-dubs ·
They did an ICO Pitch at TNABC 2018. Interesting concept. Will probably get pumped just because it's a 'cheap' coin lol.
Not on steemit.chat really, discord on occasion.
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@halcyondaze ·
$0.10
Ah nice, which ones? I am on there every so often and wanna chat about some ICO stuff if you have a few mins sometime!
👍  
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vote details (1)
@hamzatuliqbal ·
Thankyou for information
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@jerrybanfield ·
$0.22
re-g-dubs-checking-out-telcoin-tel-20180126t003104852z
Thank you @g-dubs for making a transfer to me for an upvote of 0.84% on this post! Half of your bid goes to @budgets which [funds growth projects for Steem](https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals) like [our top 25 posts on Steem](https://steemit.com/budget/@jerrybanfield/the-top-25-steem-posts)!  The other half [helps holders of Steem power earn about 60% APR](https://steemit.com/budget/@jerrybanfield/new-automatic-daily-payouts-of-60-apr-for-steem-power-delegations) on a delegation to me!  For help, will you please visit [https://jerrybanfield.com/contact/](https://jerrybanfield.com/contact/) because I check my discord server daily?  To learn more about Steem, will you please use [http://steem.guide/](http://steem.guide) because this URL forwards to my most recently updated complete Steem tutorial?
👍  
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@kingscrown ·
$0.10
its still cheap i believe it will raise much
👍  
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@g-dubs ·
Under a penny, traders love that
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@kryptonaut ·
$0.10
I took a look at it and you flagged the difficulty due to regulations but they also need Telcom companies to play ball and partner with them.  That will be a even bigger challenge. 

Bottom line:  i agree with you that it should be watched only at this point.
👍  
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@g-dubs ·
$0.09
I'm afraid because it's a 'cheap' coin it will get pumped.
👍  
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@kryptonaut ·
Yes the price point is great if you think it will hit $1 or even 0.10 one day.  I had same thought that you did, perhaps i could buy for short term play.  ultimately i choose to pass but maybe buy the dip. or buy KIN over this one.  i haven't pulled the trigger on either idea ha
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@mintberrycrunch ·
$0.10
Great info!
👍  
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vote details (1)
@g-dubs ·
Thanks!
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@myeasin ·
$0.10
Thanks for the information of Cryptocurrency @g-dubs
👍  
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@g-dubs ·
Thank you @myeasin!
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@nxtblg ·
$0.10
Hmm.... Call me embittered, but the plan is reminiscent of vapourware coins. 

> To that end they are working directly with the telecom companies and believes it’s an advantage as you can leverage their trust, reach, and KYC compliance. Per Telcoin they are already in discussions with mobile operators and will eventually deploy a pilot project.

I wouldn't bite unless there's proof of agreement, or at least memo of understanding, with at least one executive from a telecom company.
👍  
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vote details (1)
@g-dubs ·
$0.22
I agree, that's why I said at the end I'm going to watch and see if they can get the pilot off the ground.
👍  
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vote details (1)
@nxtblg ·
$0.10
Good for you!
👍  
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vote details (1)
@ordosjc ·
$0.10
interesting, I was not informed, but your concepts are very understandable, thanks to the information. Greetings.
👍  
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vote details (1)
@postpromoter ·
re-g-dubs-checking-out-telcoin-tel-20180126t013925233z
You got a 1.04% upvote from @postpromoter courtesy of @g-dubs! Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)
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@sneaky-ninja ·
re-g-dubs-checking-out-telcoin-tel-20180126t012430128z
Sneaky Ninja Attack! You have been defended with a 1.18% vote... I was summoned by @g-dubs! I have done their bidding and now I will vanish...Whoosh
properties (22)
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@sumonsha ·
$0.10
Wonderful cryptocurrency nees,thanks
a lot for sharing us.
👍  ,
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vote details (2)
@g-dubs ·
Cheers!
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@syavash ·
$0.10
thanks for sharing
👍  
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vote details (1)
@vismonkey · (edited)
$0.18
There is a country in Africa that's been using something very similar for some time now.
Let me look it up and I'll edit this post with a link!

Followed!

Don't forget to take a look at my blog ;)




Edit:

It's called M-pesa and it's very popular in Kenya specifically.
Here's a link I found https://www.cnbc.com/2013/11/11/cashless-africa-kenyas-smash-success-with-mobile-money.html

But you can of course Google M-pesa for more info.

Cheers!
👍  , ,
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vote details (3)
@g-dubs ·
mPesa - Kenya
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created2018-01-26 00:09:12
last_update2018-01-26 00:09:12
depth2
children0
last_payout2018-02-02 00:09:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length13
author_reputation137,049,031,659,694
root_title"Checking Out Telcoin (TEL)"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id32,328,272
net_rshares0