Telecoin (TCN): ICO Review

“The De Facto Crypto Currency for the Telecom Industry”

The telecommunications industry is very competitive and includes wireless companies, traditional telephone companies, cable companies, internet service providers, and software and application providers. The telecommunication services market, which includes both fixed and mobile network services, was estimated to be worth approximately 1.4 trillion U.S. dollars in 2017. The sector forecasts a 5% continued growth to 2020 to $ 1.46 trillion USD. The biggest markets for telecom services are in Asia, Europe and North America.

Companies in this industry sector work to deliver services such as voice, data, text, sound, and video transmission through wired, wireless, or satellite networks. Many of the major companies in this space are well known including: AT&T, Comcast, and Verizon Communications in the United States, China Mobile in China, Deutsche Telekom in Germany, Nippon Telegraph and Telephone in Japan, Telefónica in Spain, and Vodafone in the United Kingdom.

Telecoin is a revolutionary blockchain company that seeks to establish itself as the main cryptocurrency to be adopted and used throughout the global telecommunication industry. The “use case” for its token as a “one-stop” digital currency for a myriad number of services and ease of transactions ensures it will be the industry standard cryptocurrency as a means of exchange and barter for this sector.

The token will facilitate purchasing, subscribing and making payments for telecommunication products and services. Use case services include recharging their mobile phones with tokens to buy services, paying for data subscriptions, paying for telecommunication services, purchasing sim cards and telecom services, buying cable television services (which can be streamed to various devices), and payment of cable television bills from their wallet using their coin balance.

The Telecoin Token and ICO

The token is an ERC20 Standard Token and the symbol for Telecoin is TCN. The ICO has a soft cap of 250 million dollars and a hard cap of 400 million dollars. The ICO has a total of 2 billion TCN coins. The funds generated from the ICO will be used to achieve the road map projects and products the company has planned.

The ICO coins will be tradable on external cryptocurrency exchanges as part of the telecom blockchain economy for barter and exchange however the TCN coins will not be used for future planned staking programs. The main ICO has 3 stages with increasing token price: Stage 1 500M Telecoins @ 0.30USD, Stage 2 with 300M Telecoins @ 0.40USD and stage 3 with 300M Telecoins @ 0.50USD. The total number of coins available during the staged ICO sale is 110 million set to generate slightly more than the hard cap value (420 million USD in tokens). Mining and staking of coins is set to begin 6 month after the end of the ICO.

Details of the ICO and purchasing tokens can be found on the Telecoin website here: https://telecoin.co. Tokens can be purchased after registering.

Summary

Telecoin is building a decentralized service and payment platform for the telecommunications sector. The future success of Telecoin will be directly linked to the adoption of the token by telecommunications companies and users of telecommunications services. Switching larger institutions from fiat payment to include crypto-payments would be a significant step to integrating Telecoin tokens in to the telecommunications industry. Having all telecommunications businesses, customers and service providers using the same cryptocurrency will provide ease of transactions and will link customers to services they want. However, there may be resistance from bigger players who may not be ready to make the jump to cryptocurrency usage.

Telecoin website: https://telecoin.co

Telecoin whitepaper: https://telecoin.co/default.aspx#whitepaper