About Telcoin (TEL)
Telcoin (TEL) is an Ethereum-based cryptocurrency and blockchain project that aims to provide accessible, low-cost financial products to users through a combination of centralized and decentralized cryptocurrency features.
Designed primarily as a means of transferring money across international borders while reducing remittance fees, Telcoin aims to use smartphones to give users access to financial services.
Telcoin’s TelX platform grants liquidity miners access to automated market maker-powered DeFi protocols, while Rivendell is a scalable blockchain financial services platform created by Telcoin specifically for mobile network operators.
Telcoin was launched in 2018, after being founded the year prior by Claude Eguienta and Paul Neune. While the platform is community-owned, development of the Telcoin platform began with the assistance and direct support of Telcoin Pte Ltd, based in Singapore.
Telcoin’s smartphone app functions as the application layer of its ecosystem, while TelX provides liquidity. Rivendell operates as the settlement layer, providing users with access to blockchain features. TEL price is updated and available in real-time on Binance.