[Crypto projects](https://revain.org/projects/) › Telcoin

# Telcoin (TEL): how it works, supply and reviews

## In short

- **Type**: Telcoin Network: EVM-compatible public blockchain secured by GSMA mobile network operators with proof of stake.
- **Maximum supply**: 100 billion TEL.
- **Risks and caveats**: Telcoin does not provide MiCA-regulated crypto-asset services to EU/EEA users since 1 July 2026.
- **Checked**: 1 November 2026

## Key facts

- **Ticker**: TEL
- **Official site**: [telco.in](https://www.telco.in/)

Key facts checked on 1 November 2026 against official sources.

## What is Telcoin

Telcoin is a company that combines a mobile wallet, cross-border remittances and bank-issued stablecoins with blockchain technology. TEL is the native token of the Telcoin Platform, used for Association governance and planned as the gas token of Telcoin Network, an EVM blockchain to be validated by GSMA mobile network operators.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | Telcoin Network: EVM-compatible public blockchain secured by GSMA mobile network operators with proof of stake. |
| Launched | Public testnet Adiri; mainnet not yet launched (planned for 2026). |
| Mainnet plan | Telcoin Network says the network goes live in 2026. |
| Runs on | TEL today is an ERC-20 token on Ethereum. |
| Programming language | Open-source Rust protocol and Solidity contracts. |
| Wallet network | Telcoin Wallet stores ERC-20 assets on Polygon, including TEL and Digital Cash. |

## Supply and issuance

| Parameter | Details |
|---|---|
| Maximum supply | 100 billion TEL. |
| Circulating (vendor figure) | About 91.8 billion TEL circulating and about 8.2 billion TEL in the Association Treasury (1 November 2026). |
| Issuance | TEL is issued from the Treasury at a declining annual rate to miners (validators, developers, liquidity miners, stakers). |
| Fee burn | Part of each block's gas fees is destroyed and regenerated to the Treasury. |
| Legacy contract | Legacy TEL on Ethereum: 100,000,000,000 TEL with 2 decimals; Etherscan shows a migration notice. |
| Token upgrade | June 2026 proposal: 18-decimal TEL with one unified address on Ethereum, Polygon, Base and Telcoin Network; balances 1:1. |

On 1 November 2026: 91,800,000,000 TEL in circulation, 100,000,000,000 TEL in total (source: [Telcoin Network website (approximate figures)](https://www.telcoin.network/)).

## What TEL is used for

- Gas fee token of Telcoin Network once mainnet launches.
- Staked by validators, application developers, liquidity miners and stakers to take part and earn TEL fees and issuance.
- Voting weight in Telcoin Association governance, set by TEL staked in each Miner Group.

## Who develops and governs Telcoin

- **Company**: Telcoin Holdings Inc. and its subsidiaries; site footer: Telcoin Holdings Pte. Ltd.
- **Foundation**: Telcoin Association, a non-profit Swiss Verein in Lugano, Switzerland, governs the Telcoin Platform.
- **Governance**: Four Miner Groups govern the platform through five elected Councils.
- **Bank**: Telcoin Digital Asset Bank holds a Nebraska digital asset depository charter issued in November 2025 and issues eUSD.
- **Founders**: Paul Neuner is Telcoin's founder and CEO.
- **Open source**: Telcoin Network protocol code is on GitHub under Apache-2.0 and MIT licences.
- **EU/EEA**: Telcoin Poland's VASP authorisation expired on 1 July 2026 without MiCA authorisation; its EU/EEA activities are being wound down.

## History

| Date | Event |
|---|---|
| 2017 | Telcoin is founded. |
| January 2020 | The TEL token contract is updated to a new contract. |
| 19 October 2023 | Telcoin launches the Telcoin Association and the Telcoin Network testnet. |
| 7 February 2025 | Telcoin Wallet V4 is released. |
| 30 May 2025 | Telcoin completes a SOC 2 Type I examination audited by BD Emerson. |
| 12 November 2025 | Nebraska's governor and the Department of Banking and Finance issue a digital asset depository charter to Telcoin Digital Asset Bank. |
| 23 June 2026 | Telcoin Digital Asset Bank opens US bank accounts in Telcoin Wallet tied to eUSD. |
| 1 July 2026 | Telcoin stops providing MiCA-regulated crypto-asset services to EU/EEA users; Telcoin Poland begins an orderly wind-down. |
| 29 June 2026 | A proposal to upgrade TEL to an 18-decimal token for Telcoin Network mainnet is posted. |

## Security and audits

- Telcoin completed a SOC 2 Type I examination audited by BD Emerson (May 2025).
- Telcoin says it runs ongoing third-party penetration tests and smart-contract audits.
- Upgraded TEL bridging uses LayerZero; the Telcoin Association multisig can revoke bridge authority.

## Security incidents

| Date | What happened | Source |
|---|---|---|
| 26 December 2023 | Exploit: Telcoin said it had identified the root cause of a security incident: not the Telcoin Wallet code itself but the proxy implementation of the wallet on Polygon, primarily affecting wallets that had never initiated transactions. Telcoin's post does not state an amount. Funds returned: not stated | [x.com](https://x.com/telcoin/status/1739582160053682597) |

## Official TEL contracts

| Network | Contract address |
|---|---|
| Ethereum | [0x7E13B43065380aCdeC1c2d138c579cbBbafA0731](https://etherscan.io/token/0x7E13B43065380aCdeC1c2d138c579cbBbafA0731) |
| Ethereum (legacy) | [0x467Bccd9d29f223BcE8043b84E8C8B282827790F](https://etherscan.io/token/0x467Bccd9d29f223BcE8043b84E8C8B282827790F) |

The TEL upgrade gives one address on Ethereum, Polygon and Base; Polygon and Base addresses are not listed on the Association token page.

## Risks and caveats

- Telcoin does not provide MiCA-regulated crypto-asset services to EU/EEA users since 1 July 2026.
- Telcoin Network mainnet has not launched; TEL's role as gas token depends on that launch.
- Legacy TEL must be upgraded during announced windows; unclaimed legacy TEL may later be recovered to the Treasury.
- The Telcoin Association multisig controls bridge authority for the upgraded TEL.
- Telcoin warns that users can lose money when they transact in digital assets.

## Official links

- Website: [www.telco.in](https://www.telco.in/)
- Telcoin Network: [www.telcoin.network](https://www.telcoin.network/)
- Docs: [docs.telcoin.network](https://docs.telcoin.network/)
- Telcoin Association: [www.telcoin.org](https://www.telcoin.org/)
- Governance forum: [forum.telcoin.org](https://forum.telcoin.org/)
- Source code: [github.com/Telcoin-Association/telcoin-network](https://github.com/Telcoin-Association/telcoin-network)
- TELx: [www.telx.network](https://www.telx.network/)
- Bank: [bank.telco.in](https://bank.telco.in/)
- Blog: [telcoin.medium.com](https://telcoin.medium.com/)
- Block explorer: [etherscan.io/token/0x7E13B43065380aCdeC1c2d138c579cbBbafA0731](https://etherscan.io/token/0x7E13B43065380aCdeC1c2d138c579cbBbafA0731)

## Questions and answers

**What is Telcoin?**

Telcoin is a company founded in 2017 that offers a mobile wallet, remittances and Digital Cash stablecoins. TEL is the token of its platform and the planned gas token of Telcoin Network.

**Who runs Telcoin?**

Telcoin Holdings Inc. and its subsidiaries run the company; the Telcoin Association, a Swiss Verein in Lugano, governs the platform. Paul Neuner is founder and CEO.

**What is the maximum supply of TEL?**

Telcoin states a total supply of 100 billion TEL, with about 91.8 billion circulating and about 8.2 billion in the Treasury (1 November 2026).

**Is Telcoin regulated?**

Telcoin Digital Asset Bank, a separate Telcoin entity, received a Nebraska digital asset depository charter in November 2025 and issues eUSD; the charter does not cover TEL. In the EU/EEA, no Telcoin entity provides MiCA-regulated crypto-asset services since 1 July 2026.

**Is Telcoin Network live?**

Not yet. Telcoin Network runs the Adiri public testnet; mainnet is planned once final audits are complete, with a 2026 target.

## Sources

- [Telcoin - home](https://www.telco.in/en)
- [Telcoin - About Company](https://www.telco.in/en/about-company)
- [Telcoin - Digital Cash](https://www.telco.in/en/digital-cash)
- [Telcoin - Wallet](https://www.telco.in/en/wallet)
- [Telcoin - Terms of Use](https://www.telco.in/en/terms-of-use)
- [Telcoin - Website Disclosures](https://www.telco.in/en/legal/website-disclosures)
- [Telcoin Newsroom - On-chain bank accounts (2026-06-23)](https://www.telco.in/en/newsroom/2026-06-23/telcoin-launches-first-regulated-on-chain-bank-accounts-in-the-us)
- [Telcoin Newsroom - SOC 2 (2025-05-30)](https://www.telco.in/en/newsroom/2025-05-30/telcoin-strengthens-security-with-soc-2-certification-and-ongoing-audits)
- [Telcoin Newsroom - Wallet V4 (2025-02-07)](https://www.telco.in/en/newsroom/2025-02-07/telcoin-wallet-v-4-is-now-available)
- [Telcoin Digital Asset Bank](https://bank.telco.in/)
- [Telcoin Network - home](https://www.telcoin.network/)
- [Telcoin Network - Roadmap](https://www.telcoin.network/roadmap/)
- [Telcoin Network - Docs](https://docs.telcoin.network/)
- [Telcoin Association - TEL token](https://www.telcoin.org/documentation/telcoin-platform/telcoin-tel-token)
- [Telcoin Association - home](https://www.telcoin.org/)
- [Telcoin Medium - Introducing the Telcoin Association (2023-10-19)](https://telcoin.medium.com/introducing-the-telcoin-association-and-the-formal-decentralization-of-the-telcoin-platform-1623feb14a43)
- [Telcoin Medium - Community Update Vol. 12](https://telcoin.medium.com/telcoin-community-update-volume-12-52e9362c17e4)
- [Telcoin forum - TELIP: The TEL Token Upgrade](https://forum.telcoin.org/t/telip-the-tel-token-upgrade/847)
- [TELx](https://www.telx.network/)
- [GitHub - Telcoin-Association/telcoin-network](https://github.com/Telcoin-Association/telcoin-network)
- [Office of the Governor of Nebraska - Digital asset bank charter (2025-11-12)](https://governor.nebraska.gov/gov-pillen-signs-first-nation-digital-asset-bank-charter)
- [Etherscan - TEL (upgraded)](https://etherscan.io/token/0x7E13B43065380aCdeC1c2d138c579cbBbafA0731)
- [Etherscan - TEL (legacy)](https://etherscan.io/token/0x467Bccd9d29f223BcE8043b84E8C8B282827790F)

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Page updated: 2026-11-01

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Source: https://revain.org/projects/telcoin/