Review on Telcoin by Olgay Neke
How Telcoin different from other cryptocurrencies?
Telcoin is based on Ethereum Blockchain, and it is an ERC20 token. The model of the coin is consists of network providers, Telcoin app, and subscribers. Telcoin customers are given full access, after the registration phase, to the money via their phones.
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Partnering with mobile operators is key to this operation, and these partnerships are planned to lead to a lower transaction fee. But still, with their high %2 transaction fee for conversions inside the app, they can not compete with other popular exchanges.
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It has a massive supply of coins, and it makes it volatile. When it comes to management, it becomes weak, and that is connected to the lack of speed in registration and synchronization process. There are a lot of coin exchanges out there that you can easily do transactions with any fiat or card/bank services within minutes.
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Pros
- Built on Etherium Blockchain (ERC20) for increasing the strength of the decentralized network.
- Applications gives you the ability to control your mobile payments with your Telcoin holdings.
Cons
- Planned partnership with mobile operators still leads to a high transaction fee (%2) for conversions.
- Coin is highly dependent on the mobile operator policies.
