Telcoin is a new "Mobile Cryptocurrency Solution" with a special focus on "Integrating Cryptocurrencies and Mobile Networks Worldwide". With this mode of action, Telecoin hopes to make it easier to switch between telecom mobile money and prepaid credit and postpaid billing platforms. Other key aspects of this service include:

Fully Compliant with Telecom Operator Guidelines: The platform complies with all international telecom regulations and will be released exclusively by GSMA Mobile Network Operators.

Wide Availability: Telcoin has partnered with all major mobile network providers worldwide to bring this password-based service to over 5 billion mobile users.

Based on market research: The platform is built on the solid foundation of the Ethereum blockchain. Analysts predict that this segment has the ability to be a potential gold mine in the future. Therefore, Telcoin inherits the advantages of a trusted network.

Project Highlights

The company operates a model where it distributes its own tokens to mobile networks based on a highly incentivized model. Telcoin tokens will be distributed to telcos at a rate of 5% per annum for 10 years after the ICO. This phase will be considered a consolidation period and will allow the currency to slowly enter the mobile market. Other key features include:

Incentivized Adoption: Anyone who adopts the network immediately becomes part of a group that is eligible for token rewards.

System flexibility: A flexible "token pricing and exchange API" allows the platform to fully interact with mobile networks.

Secure Wallet: The company provides "TenX Wallet" to all customers, but also stated that in the future, their goal is to help launch their own wallet brand, these wallets will work hand in hand with any carrier or third-party partners, third-party Payment platform.

Mobile Friendly: Telcoin is unique in the sense that it has fully integrated with our mobile consumption habits. The platform allows us to conduct international remittances, online payments, mobile credit top-ups and ad hoc transfers.

Telcoin combined with AI (Artificial Intelligence)
Handling Anti-Money Laundering and Fraud Management
In case of an unfortunate customer who lost his phone while traveling abroad. Malicious characters find it and start transferring tokens. Since blockchain is here, we have access to vast amounts of data and AI can understand the standard behavior of customers and therefore detect anomalies.

As a liquidity provider, mitigating Telcoin's foreign exchange risk
With the latest advances in AI in the field of quantitative finance, efficient hedging strategies have been proposed and successfully applied to the foreign exchange market. An immediate benefit of using AI is lower foreign exchange risk and lower spreads, directly benefiting mobile operators willing to buy and sell Telcoin.

Managing volatility in the cryptocurrency world
By analyzing prices, volumes and news from different exchanges, AI can fairly price future contracts The purpose of these contracts is to freeze the price of a currency for a fixed time. Users are advised to purchase the contract to cancel the volatility of the currency over a period of time for a small premium.

Automatically adjust the remittance threshold that customers must complete the transfer
Since Telcoin is based on the Ethereum blockchain, most of the AI ​​services exposed here require Oracles. In blockchains and smart contracts, oracles are agents that find and verify real-world events, and submit this information to the blockchain used by smart contracts. In our AI environment, oracle can provide external data input, such as price volatility forecast, dynamic remittance threshold for each customer, etc.

Application scenario

Analie is a Filipino nanny living and working in Canada, who sends 200 Canadian dollars to her mother in the Philippines every month. She walked to the bank, deposited actual wages from her employer, withdrew $200, waited in line at a brick-and-mortar store, filled out paper forms, and finally had the money transferred. For a transfer of $200, iRemit charges $10 at an exchange rate of about 2%. Lost 7% of its initial value in the process (and still below the 7.45% average). But the actual cost was far greater, as Analie had to leave work early to get it to iRemit before bank closing time, a two-hour journey that equated to another $40 in lost wages. For older mothers, they also have to go through a series of procedures to collect money, and the actual charges may be worse than the financial charges. The $10 fee alone could have bought her food for a week in Manila.

Using the example above, Analie can send $200 CAD via Transferwise for a fee of $4 (or 2%), using the more attractive mid-market exchange rate. With a linked and verified bank account, transfers could arrive the next day.

Blockchain-based money transfers could potentially be faster and cheaper, saving users billions in fees and countless hours of wasted time at brick-and-mortar banks and payment processing stores. All users need is a smartphone and a cryptocurrency wallet.

If transferring Canadian dollars from Canada to Philippines smartphone to smartphone happens almost instantly and without any fees. Since her mother loves cash, she searches for nearby Abra users on her app and finds four within a four-square radius of her home. One "teller" offered a 3% commission, two 1.5%, and a fourth 2%. She chose to offer 2% because he offered to meet halfway and had a five-star review on the app. The cashier's "fee" ends up being the same as Transferwise, but Analie's mother gets the cash faster and doesn't have to go to the bank.

Opportunities

Huge market potential: Market research shows that this crypto space has the potential to bring in at least $50 billion in "international remittances."

Growing demand: Thanks to the extensive infrastructure developed by Telcoin engineers over the years, more than 5 billion users now have the opportunity to participate in this unique business activity.

Low Fees: By using cryptocurrencies, this platform has the ability to provide users with very cheap transfers, allowing them to gain a small market share.

This project is from Japan. The recent blockchain environment in Japan is very good. The Japanese projects launched recently have performed very well. Japanese ICO projects have become synonymous with high quality.

Risk

This project focuses on research and development, not publicity. There are more than 9,000 followers on Facebook, but the telegram group has just reached 3,600 members, and the popularity of the community needs to be strengthened.

Due to China's strict restrictions on virtual currency, the project is temporarily unable to enter the Chinese market.

Summary

Telcoin distributes electronic currency to telecom partners who in turn sell these tokens to their user base. And, thanks to the telecom operator's incentive model, Telcoin's focus on trust, coverage, and KYC (know your customer) compliance will be key factors for its market success.

There are currently 2.6 billion smartphone users in the world, and it is expected to reach 6.1 billion by 2020. Blockchain-based remittance services have proven to reduce time and cost in sending and receiving funds. By educating the global community about blockchain and its potential economic benefits, a revolution in financial inclusion is at hand.

Telcoin has an experienced elite team in various fields. The famous ICO commentator Ian Balina commented that this is an "All-Star" team. There are also reasonable development milestones. I believe that in the long run, the investment value is very high, and the market of 25 million US dollars is not too big. I look forward to the good performance of the online exchange.