Question 1

What is Telcoin (TEL)?

Accepted Answer

Telcoin (TEL) is a cryptocurrency based on the Ethereum blockchain. It serves as the native medium of exchange, reserve asset, and protocol token for the Telcoin user-owned, decentralized financial platform. This platform is designed to enable end users to access and power a global suite of decentralized financial products seamlessly.

Question 2

Who founded Telcoin (TEL)?

Accepted Answer

Telcoin was founded in 2017 by Paul Neuner.

Question 3

What is $TEL used for?

Accepted Answer

$TEL has several utilities within the Telcoin ecosystem:

Medium of Exchange: TEL is the native token of the Telcoin Platform and functions as the gas fee token of the Telcoin Network. This means consumers use TEL to pay for transaction fees on the network.

Staking and Governance: Miners and validators stake TEL on the Telcoin Platform. The amount of TEL they stake determines both their earnings from transaction fees and their influence in platform governance. Validators who stake more TEL have a higher probability of securing a block on the blockchain, thus earning more TEL over time.

Revenue Source for Validators: Validators earn TEL in two primary ways. First, they receive gas fees in TEL from consumers to secure their transactions on the blockchain. Second, they can harvest TEL issuance flows from each block they secure.

Liquidity and Transactional Use: Validators can exchange TEL for other assets using TELx liquidity pools. They also pay TEL as gas fees to ensure their transactions are included in blocks and secured on the Telcoin Network blockchain.

Governance Participation: The amount of TEL staked by a validator influences their political power within their Miner Group in the Telcoin Platform's governance. This staking weight affects their proposal and voting power in various governance processes, including Council Member selection and decisions related to the governance system rules.

In essence, $TEL is integral to the operation, security, and governance of the Telcoin Platform, ensuring that it functions efficiently and democratically.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	TEL-USDT TEL-USDT	kucoin	BB	0.001454USDT	1.32%	154,652,749.00TEL	4,922	0.001435USDT	0.001466USDT
2	TEL-USD TELUSD	kraken	AA	0.001460USD	1.46%	51,411,229.42TEL	1,101	0.001439USD	0.001484USD
3	TEL-USDT TELUSDT	bybit	A	0.001465USDT	2.02%	21,253,978.00TEL	1,057	0.001436USDT	0.001486USDT
4	TEL-USDC TEL-USDC	kucoin	BB	0.001451USDC	1.54%	18,612,087.00TEL	906	0.001429USDC	0.001459USDC
5	TEL-EUR TELEUR	kraken	AA	0.001301EUR	1.17%	6,181,084.00TEL	225	0.001286EUR	0.001301EUR
6	TEL-ETH TEL-ETH	kucoin	BB	0.0₆6027ETH	2.76%	865,500.81TEL	267	0.0₆5865ETH	0.0₆6127ETH
7	TEL-BTC TEL-BTC	kucoin	BB	0.0₇1768BTC	2.26%	606,074.89TEL	248	0.0₇1729BTC	0.0₇1789BTC
8	TEL-USDT TELUSDT	mexc	C	0.001461USDT	1.53%	67,702,082.19TEL	5,781	0.001439USDT	0.001474USDT
9	TEL-USDT TEL_USDT	bitunix	C	0.001460USDT	1.39%	49,206,504.10TEL	6,507	0.001440USDT	0.001471USDT
10	TEL-USDT TEL-USDT	bingx	D	0.001456USDT	1.75%	21,353,170.00TEL	4,471	0.001431USDT	0.001467USDT
11	TEL-USDT TEL_USDT	bydfi	-	0.001461USDT	1.88%	14,444,537.60TEL	3,615	0.001434USDT	0.001473USDT
12	TEL-IDR telidr	indodax	E	26.00IDR	0.00%	1,653,196.62TEL	143	26.00IDR	28.00IDR
13	TEL-INR TELINR	coindcx	-	0.1474INR	1.12%	1,598,380.23TEL	82	0.1458INR	0.1487INR
14	TEL-USDT TELUSDT	bitrue	D	0.001440USDT	-4.32%	1,056,068.40TEL	5	0.001505USDT	0.001505USDT
15	TEL-INR TELINR	bitbns	-	0.06100INR	0.00%	0TEL	0	0.06100INR	0.06100INR
16	TEL-XRP TELXRP	bitrue	D	0.001220XRP	0.00%	0TEL	0	0.001220XRP	0.001220XRP
17	TEL-ETH TEL_ETH	bilaxy	-	0.0₆6347ETH	0.00%	0TEL	0	0.0₆6347ETH	0.0₆6347ETH
18	TEL-BTC TELBTC	hitbtc	E	0.0₇2138BTC	0.00%	0TEL	0	0.0₇2138BTC	0.0₇2138BTC