1 Level
53 Review
-31.5 Karma
Review on Telcoin by Ana A
Decentralized telephone service.
It's a cryptocurrency that works with cell phones. That is, it uses blockchain technology in cell phones, where people will be able to transfer money quickly and automatically to anywhere in the world. Built on Ethereum blocks, this has combined the strength of mobile network, and has renewed the security of the crypto world.
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Telcoin can easily fit into existing tariff models to connect to mobile billing and mobile money platforms, which allow a redesign of the classic way of mining and trading, but the applied tariffs are deducted from the issuance of TEL, which are usually high. The model encourages a low - cost service that is attractive to end-users but remains cost-effective for networks. Therefore, I recommend using it on people who are already trained and knowledgeable in the crypto world, as it will be easy to carry out their transactions and exchange of goods and services. But, those who are not knowledgeable or do not have a high amount of cryptos, it is not recommended.
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Pros
- Provides blockchain services to cell phones
- Allows fast and secure transfers from your mobile to everyone
- The price of their transactions and their transaction rates is lower, equivalent to 2%. One of the lowest on the market.
Cons
- It is not available for all international mobile networks. Something that undermines the vision of the project.
- They have a limit on transactions and small amounts
- Their transaction prices are often very expensive, for those who do not have many digital assets, they are not an option.
