TEL Telcoin

Main Use Cases

Telcoin has several key use cases:

Remittances

Telcoin allows for fast and low-cost international money transfers. Users can send funds across borders to friends and family using just their mobile phones, avoiding high fees charged by traditional remittance services.

Mobile Payments

The platform enables easy mobile payments and transactions for the many people worldwide who have mobile phones but lack traditional bank accounts. This brings financial services to underbanked populations.

Cryptocurrency Exchange

Through its TELxchange feature, Telcoin provides a decentralized way for users to swap various digital assets. TEL tokens serve as the medium of exchange on this platform.

Fiat On/Off Ramps

Telcoin offers ways for users to convert between fiat currencies and cryptocurrencies, making it simple to move between traditional and digital money systems.

DeFi Access

The platform aims to bring decentralized finance products and services to mobile users globally, expanding access to these new financial tools.

Advantages of Telcoin

Telcoin offers several benefits:

• Fast and cheap international money transfers, with fees much lower than traditional remittance services
• Easy to use mobile app for sending funds globally
• Partnerships with telecom companies to reach billions of potential users
• Built on the Ethereum blockchain for security and transparency

Disadvantages of Telcoin

Some potential drawbacks include:

• Still a relatively new and unproven project in a competitive market
• Relies on partnerships with telecom companies which could limit growth
• Price volatility common with cryptocurrencies
• Less decentralized than some other crypto projects

Key Features

Telcoin aims to improve remittances through:

• Integration with mobile money platforms and e-wallets
• Compliance with regulations to enable wider adoption
• Use of blockchain technology for fast, low-cost transfers
• Focus on serving unbanked and underbanked populations globally

Future Potential

If successful, Telcoin could:

• Disrupt the multi-billion dollar remittance industry
• Provide financial services to billions of mobile phone users
• Become a widely used payment method, especially in developing countries
• See significant growth in usage and token value over time

Founders

Telcoin was founded in 2017 by:

• Claude Eguienta: Co-founder and CEO. Claude has a background in computer science and experience working with startups and tech companies focused on distributed systems and cryptocurrencies. He previously founded Kabotip and worked as lead systems architect at CyberAgent.

• Paul Neuner: Co-founder and Chairman. Paul brings extensive experience in telecommunications and technology to Telcoin.

Key Team Members

The Telcoin team also includes:

• Eric Chung: Executive Director with experience in business development, design, and strategy across Eastern and Western markets.
• Simo Kinnunen: Lead Developer who is an expert in Rust programming and speaks 5 languages.
• Adam Kull: Mobile Lead with a Master's in Computer Science and experience leading iOS development.
• Naïm Boughazi: Product Director with expertise in UI/UX design.

Advisors

Telcoin has brought on several advisors to provide guidance, including:

• Michimasa Naka: Former banking executive with 28 years of experience.
• Batara Eto: Co-founder of Mixi and East Ventures, an early-stage venture capital firm.

The diverse backgrounds of Telcoin's founders and team members in areas like telecommunications, blockchain, finance, and product development aim to support the project's goal of increasing financial inclusion through partnerships with mobile network operators.

Telcoin Investors

Telcoin has received funding from a few key investors:

• Batara Eto: Invested in Telcoin's seed round in September 2017
• Unnamed investors: Provided $10 million in seed funding in July 2021
• ICO participants: Raised $25 million from public token sale in December 2017

The exact details of other investors are not publicly disclosed. Telcoin has raised a total of around $35 million across its funding rounds to support development of its mobile-focused cryptocurrency and remittance platform. The company continues to work on expanding its global network of telecom and financial partners.