Home News Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network

Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network

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Telcoin - Financial Inclusion for a Mobile World (PRNewsfoto/Telcoin Pte. Ltd.)

Telcoin (TEL) is one of the successful projects of 2021. The TEL price started to rally vertically after updating the protocol and moving to the second level, which allowed trading on QuickSwap. The data shows that the price of Telcoin has risen more than 4100% since February 1st. On May 5, the price reached a new all-time high and the altcoin saw a record $ 110 million in 24-hour trading volume.

The updated protocol allowed the launch of money transfer services between the Philippines and Canada. The V2 launch also includes new versions of mobile apps for iOS and Android.

What is Telcoin?

Telcoin cryptocurrency is a digital coin that combines the capabilities of mobile operators and blockchain technology. The development team set itself the task of presenting residents of developing regions with a mobile payment network that will act as a pocket bank. This will reduce the cost of financial services and make it easier to obtain them.

Now, with a smartphone, users have access to a wide range of options, including:

– Implementation of monetary transactions;

– Payments on loans;

– Shopping on the Internet;

– Trading operations with virtual money.

Geographically, the project involves promotion in Asia and the countries of South Africa. Clients of the network don’t need to open a bank account. You just need to have a smartphone and a mobile phone number.

The maximum ease of participation in the Telcoin project helps it quickly spread among the population.

Advantages

The project has attracted additional attention due to such project advantages as:

– Large audience coverage. Digital coins have benefits for holders, due to which the total capitalization of the altcoin regularly grows. The number of network subscribers is increasing, the profit will increase with the emission of tokens.

– A large team of experienced developers who disclosed personal data and doesn’t hide from users. Experts regularly appear in the media with interviews. Telcoin experts maintain a blog that displays information about the situation in the payment system.

– Reliable systems and mechanisms are used, which excludes attacks from interested parties. Developers in tandem with mobile operators use combined security systems.

– Altcoin e-wallet has a number of features. It uses the multisignature method to conduct reliable transactions. It also supports instant conversion of fiat assets to TEL digital coins.

– Providing personal information about users. Operators have the necessary data about their subscribers to control the turnover of assets.

– Information about a large number of partners is another advantage. Some projects hide information about the existence of agreements, but every visitor to the Telcoin website can familiarize themselves with the list of partners and investors.

Technology and algorithm

When creating the Telcoin blockchain, the Ethereum core was used, the altcoin was made according to the ERC20 standard. There is no mining in the project, since new coins are issued using the Proof of Stake algorithm. Tokens are issued thanks to the official partners of the company – mobile operators. This indicates that the basic principle of cryptocurrencies is being violated, there is no decentralization.

What is the main reason for the growth of TEL?

For the most part, the price went up after the token was listed on the QuickSwap decentralized exchange powered by Polygon. And of course, don’t forget about the lower fees on the Polygon network.

The future of the Telcoin

The success of the altcoin will allow Telcoin to quickly break into the TOP-10 of the virtual asset market. The TLC high is still far ahead. In the long term, the organizers of the project will be able to implement their plans. It is important to solve the main tasks – finding partners and expanding the audience. The cryptocurrency deserves the attention of an investor and has good prospects.

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