Telcoin

Telcoin Application Network

Participants

  • Registered Users: According to rules determined and enforced by Developers, all individuals or corporations who have downloaded and fully registered their identity using a Telcoin mobile application may participate as TAN consumers.
  • Stakers: Stakers are natural consumers of Telcoin mobile application services.
    • Entry Requirements: In order to enter the role of staker, stakers must first be a registered (corporate or retail) user with access to a Telcoin mobile application.
    • Production, Harvesting, Governance: In order to participate in co-production processes alongside developers and other stakers, harvest issuance and fees, and participate in governance, all stakers must use a Telcoin mobile app.
    • Adoption Issuance Basis Formula: Additionally, the basis formula that determines the quantity of TEL issuance stakers may harvest is tied to the total transaction volume by the individual staker during the week.

Consumer Products: Activities, Benefits, and Technology Used

DeFi Products

  • Activity: Transacting across the Telcoin suite of DeFi products, such as decentralized cryptoasset exchange, paying fees on each transaction.
    • Example: A user trades 1,000 USDC for 1,000,000 TEL, paying 7.5 USDC in fees.
  • Benefits: Self-custodial, mobile access to the Telcoin suite of user-owned decentralized financial products at any time. The ability to trade cryptoassets at any time without relying on counterparties to match orders and custody assets.
  • Costs: Users pay fees each time they make a trade or other DeFi transaction.

Secure Self-Custody

  • Activity: Securely storing cryptoassets on the Telcoin Application.
    • Example: A user deposits 1,000,000 TEL to their Telcoin Application wallet and stores it there.
  • Benefits: Cryptographically-enforced, self-custodial private property rights over digital scarcity without having to store a private key off-chain.
  • Costs: Free

Transfers

  • Activity: Sending cryptoassets to other Telcoin users.
    • Example: A user sends 1,000 TEL to another user’s account.
  • Benefits: The ability to transfer assets peer to peer, instantly, at any time without relying on counter-parties.
  • Costs: Free, Applications pay gas fees for users.

Inclusion Issuance

  • Activity: Downloading the Telcoin App, registering with a staker’s referral link and claiming TEL issuance.
    • Example: A user downloads the Telcoin App, integrates an existing staker’s referral link, and claims 250 TEL.
  • Benefits: Income from TEL inclusion issuance, the ability to stake TEL without having to purchase it in order to participate as a staker and earn referral fees and adoption issuance.
  • Costs: Free

Technology Used

  • Telcoin Application: In order to access Application layer benefits, users must download and register on a Telcoin Application.
  • Mobile Phone: The Telcoin Application is available on iOS and Android mobile devices.
  • TEL and other cryptoassets: In order to trade cryptoassets, a user must custody them on their unique multi-signature wallet in the Telcoin Application.
  • Banking: In available countries, users can convert local fiat to local fiat-backed stablecoins.
  • Referral Link: In order to earn inclusion issuance, a new user must register with an existing staker’s referral link.
  • Learn More:

TAN: Production and Consumption Activities and Benefits