Telecoin puts peer-to-peer telecommunications transactions on the blockchain and seeks to establish itself as the world leader for all intents and purposes when it comes to online telecommunications services and payments built around its Telecoin ecosystem.
For further details on the Telecoin inital coin offering (ICO) see my previous post here:
https://icochat.wordpress.com/2018/05/02/telecoin-tcn-ico-review/
There are several advantages to using Telecoin – both from the end user side and the commercial business side.
Advantages of A Global Telecommunications Cryptocurrency
First, Telecoin transactions can be anonymous with the user having control over their anonymity. The transactions carried out on the Telecoin platform can all be seen but they remain anonymized if the user wants, so that the exact user (name, location and other personal details) are not revealed. The owner of the Telecoin address remains unknown should the owner not wish to disclose this information publically. Each Telecoin user can choose whether or not his name will appear associated with a transaction, but even if the user wants to keep his identity secret, all of his transactions are still recorded and can be monitored through blockchain.
Second the Telecoin platform provides an instant Peer-to-Peer (P2P) transfer system. Using a P2P platform means that it uses a decentralized model there is no central server. The decentralized storage across the network of users provides added security as data is distributed being divided into various servers run by each user connected to the network.
Third, the Telecoin platform allows for seamless, transparent and easy money transfer. The TCN coin in this respect acts much like bitcoin. The Telecoin token can be transferred anywhere in seconds at any time. Money transfer with Telecoin can happen just with a Smartphone and internet connection. The transfer fee to use Telecoin is very small. Transfer fees can be removed allowing for slower but free transactions, but to speed up transactions, you can set the cost in Telecoin wallet as needed no matter how much coin is sent.
Fourth, the coin offers an “ease and convenience for payments and transfers”. Transactions can be used for any number of payments such as subscribing for data and internet services, paying for digital products and digital satellite cable television subscriptions, paying for hosting and domain name services, paying for voice and data/cloud services.
Fifth, is that the Telecoin platform and mobile app provides a high degree of convenience. All transactions can be done using one mobile application and its associated token. The company will develop the token payments to include sim card purchases with telecom based companies that will allow their users to use this coin for their spending and daily transactions.
Sixth, the Telecoin supply is limited with only 55 million POW/POS coins and 1,000,000,000, ERC20 standard coins/token globally. Given the global usage of Telecoin the development team believes that the prices of this token is likely going to rise over time. Telecoin like other limited token prices tend to rise, when demand (from usage) increases but the number of coins remains fixed in number.
Seventh, Telecoin is the “coin of the people” and not controlled by institutions or governments. Telecoin that uses the blockchain database is not controlled by anyone. The token and network is open to the public.
And finally, using the blockchain ensures veracity, it is impossible for anyone to fake transactions on the Telecoin blockchain. All transactions are recorded in real time, transparent, and distributed across multiple servers. Anyone wanting to change or falsify Telecoin transaction data would have to hack multiple servers at the same time.
The Telecoin ICO is running in three stages (with token bonuses) and you can register and buy tokens from the Telecoin website at: https://telecoin.co .
Summary
Telecoin presents a new decentralized platform for peer to peer global telecommunications transactions for audio, video, texting and other telecommunications services. The company envisions a bright future with the use of a telecommunications specific token that provides many benefits. The advantages of an all-encompassing industry-wide token include user anonymity, fast transactions, convenience, transaction security, data veracity, data security, a limited global token supply for speculative value, and instant money transfers for easy payment of telecommunications services.
Telecoin website: https://telecoin.co
Telecoin whitepaper: https://telecoin.co/default.aspx#whitepaper
Social Media Links
Bitcointalk forum: https://bitcointalk.org/index.php?topic=3262718.msg33995884#msg33995884
Facebook: https://www.facebook.com/telecoin.co/
Linkedin ; https://www.linkedin.com/in/telecoin-community-33ab95160/
Reddit: https://www.reddit.com/user/officialTelecoin/
Telegram: https://t.me/telecoincommunity