Review on Telcoin by francis fernandez
Telcoin: a secure connection between blockchain and telecommunications
Telcoin is a decentralized platform for global mobile network trading; through the security provided by a chain of blocks to connect the telecommunications system, payment methods, and billing mechanisms with digital money.
The mission of its founders is to tokenize the mobile telecommunications system through the encrypted international trade of the ERC-20 token.
In this sense; the trade in mobile encryption networks involves telecommunications operators, subscribers of mobile services and roaming services and payment rates.
The token used by the chain is known as TEL and has a total supply of 100,000,000,000 TEL.
This ERC-20 token is the mechanism that drives exchange, trade and reward operations on the network.
Utilities:
• Serves as a payment mechanism for telephone services.
• Allows you to transfer assets worldwide.
Technology:
Telcoin has an infrastructure that includes the use of smart contracts due to the support of the Ethereum chain.
It also uses an encrypted protocol to communicate between different software known as the Application Programming Interface (API).
Chain operation:
The provision of rewards to network operators is carried out by Telcoin through the management of wallets to them.
These tokens are sold to subscribers, being able to enjoy their funds through the chain's native wallet (TelWallet). The cryptocurrency is not mined but the coins not sold in its ICO are released over the course of 10 years.
Pros
- The cryptocurrency is backed by Ethereum technology.
- Allows the connection of digital money and mobile networks worldwide.
- It allows the development of a monetary system for the commerce of mobile networks without borders or geographical limitations.
- It is a secure platform for the exchange of mobile network transactions through a cryptocurrency
Cons
- It currently has a very low market value.
- It is not a stable currency
