Telcoin (TEL) is a cryptocurrency that aims to enable fast and affordable remittances and mobile transactions. It was founded in 2017 by Claude Eguienta and Paul Neuner. Telcoin operates under the Telcoin Foundation, with the goal of leveraging telecom infrastructure to provide financial services to unbanked populations. The name "Telcoin" originates from its focus on telecommunications and digital currency. TEL can be used for cross-border money transfers and as a means of digital payment.
Telcoin is a blockchain-based project that aims to facilitate low-cost and seamless international remittances using mobile money and cryptocurrency. Telcoin operates on the Ethereum blockchain, leveraging its smart contract capabilities to execute transactions securely and efficiently.
At its core, Telcoin acts as a bridge between telecom operators and blockchain technology. It partners with mobile network operators worldwide to integrate its service into their existing mobile money platforms. This integration allows users to convert their mobile money into Telcoin and vice versa, enabling them to send and receive cross-border remittances swiftly.
Telcoin utilizes blockchain oracles to access real-time fiat currency exchange rates and update its conversion rates accordingly. This ensures that users get accurate and up-to-date exchange rates when converting between Telcoin and mobile money.
When a Telcoin user initiates a remittance, the transaction is recorded on the Ethereum blockchain. The Telcoin platform then seeks out the most cost-effective route using the available telecom partners' networks. This routing process is based on factors such as fees, accessibility, and liquidity. Once the transaction reaches the recipient's network, it is converted back into mobile money on their end.
The underlying blockchain technology provides transparency, immutability, and security to Telcoin's remittance system. By leveraging the Ethereum blockchain, Telcoin eliminates the need for intermediaries, reducing transaction costs and increasing accessibility for users.
In summary, Telcoin facilitates low-cost international remittances by leveraging the Ethereum blockchain and integrating with telecom operators' mobile money platforms. Its use of blockchain oracles ensures accurate exchange rates, while the underlying blockchain technology ensures transaction security and transparency.
Telcoin, a blockchain-based cryptocurrency, offers several benefits that set it apart from its direct competitors.
One of Telcoin's key benefits is its focus on providing financial services to the unbanked and underbanked populations. By leveraging the power of blockchain technology, Telcoin aims to create a more inclusive financial ecosystem by connecting mobile network operators with users who lack access to traditional banking services. This focus on financial inclusion sets Telcoin apart from its competitors.
Moreover, Telcoin aims to offer low-cost, fast, and secure cross-border remittance services. By utilizing blockchain technology, Telcoin can streamline the remittance process, reducing costs and transaction times compared to traditional remittance platforms. This benefit makes Telcoin an attractive option for individuals and businesses seeking efficient cross-border payment solutions.
In addition, Telcoin has formed strategic partnerships with various mobile network operators globally, which further enhances its competitive edge. These partnerships enable Telcoin to leverage existing telecommunication infrastructure and reach a wider user base more effectively.
When compared to its direct competitors, such as Ripple's XRP and Stellar Lumens (XLM), Telcoin's focus on financial inclusion and partnerships with mobile network operators give it a unique advantage. While Ripple and Stellar also offer cross-border payment solutions, Telcoin's specific focus on the unbanked and underbanked populations sets it apart.
Overall, Telcoin offers benefits such as financial inclusion, low-cost cross-border remittances, and strategic partnerships that differentiate it from its direct competitors in the cryptocurrency market.
Telcoin is a blockchain-based cryptocurrency that is specifically designed for use in the telecommunications industry. It aims to provide affordable and accessible financial services to unbanked and underbanked populations around the world. Telcoin serves as a bridge between the telecommunications network and the banking system, enabling the seamless transfer of value across borders.
There are several common use cases for Telcoin. One of the most prominent is cross-border remittances. Many people working in foreign countries send money back home to support their families. However, traditional remittance services often come with high fees and long transfer times. Telcoin offers a faster and more cost-effective alternative for these individuals, allowing them to send money directly to their loved ones using their mobile phones.
Another use case for Telcoin is micropayments within the telecommunications ecosystem. With the increasing popularity of digital content and services, there is a growing demand for a seamless and secure payment solution. Telcoin can be integrated into mobile apps, allowing users to make small payments for digital goods such as music, videos, and in-app purchases.
Furthermore, Telcoin can also be used for mobile top-ups, bill payments, and facilitating access to financial services such as savings accounts and microloans. By leveraging blockchain technology, Telcoin provides a transparent and secure platform for these transactions, reducing the costs and complexities associated with traditional banking systems.
In summary, Telcoin is used as a digital currency within the telecommunications industry, offering solutions for cross-border remittances, micropayments, mobile top-ups, and access to financial services. Its ability to leverage blockchain technology makes it a promising tool for enhancing financial inclusion on a global scale.
DIA's Telcoin API is one of the many API endpoints provided by DIA that offers real-time price feeds of crypto assets. These price feeds are created by sourcing raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and accurate representation of the market. DIA's API endpoints are available for free, allowing developers to test and access standardized price feeds.
However, the true power of DIA's API lies in its ability to create custom feeds. These custom API data feeds can be tailored according to specific requirements, such as sources, methodologies, and update mechanisms. To request a custom feed, users can get in touch with DIA via Discord or Telegram.
The applications of DIA's API are diverse and can be utilized across the blockchain ecosystem. Some potential use cases in the DeFi space include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, in the NFTfi space, DIA's API can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.
In summary, DIA's Telcoin API, along with its other API endpoints, provides real-time price feeds for various crypto assets. While the free API endpoints are available for informational purposes and testing, the true value lies in the ability to create custom feeds tailored to specific needs. These customizable feeds offer flexibility and versatility to developers within the blockchain ecosystem. By leveraging DIA's API, developers can access reliable and accurate price data to power their applications.
DIA's Telcoin price oracle is a smart contract that provides real-time price feeds of crypto assets, including Telcoin. DIA is capable of deploying price oracles in over 35 blockchains as it is integrated with multiple layer 1 and layer 2 networks. The price feeds offered by DIA are constructed using data from billions of individual trades obtained from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges. This extensive data collection allows DIA to deliver comprehensive and accurate information that sets them apart from other web3 data providers.
While DIA offers demo oracles for developers to test, these are solely for testing purposes and cannot be used in production applications. However, DIA also provides custom price oracle data feeds that can be tailored according to specific requirements. Users can request custom feeds through Discord or Telegram. These custom oracles allow for customized configurations in terms of sources, methodologies, update mechanisms, and more. Thus, users have the flexibility to create price feeds that suit their individual needs.
DIA's price oracles have a wide range of applications within the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and much more. Similarly, in the NFTfi realm, DIA's oracles can be used for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other applications.
In summary, DIA's custom oracles offer users the ability to tailor their price feeds to specific requirements, ensuring flexibility and accuracy.
DIA's TEL API and TEL Price Oracle offer a range of benefits for users in the blockchain ecosystem. One of the primary advantages is the high level of customisation available. Users can tailor each oracle and API endpoint to suit the specific needs of their decentralised applications. This includes configuring the data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency for the price feed. By customising these settings, DIA ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.
Transparency is another major benefit of using DIA's API and Oracle feeds. They provide full and granular transparency throughout the entire data journey. This level of transparency allows users to trust the integrity and accuracy of the data being provided. Additionally, DIA offers tracking and monitoring tools that enable users to closely monitor the performance of their oracle and API feeds.
Overall, DIA's TEL API and TEL Price Oracle offer a customisable and transparent solution for accessing accurate and reliable price data in the blockchain ecosystem. With these tools, users can confidently build and operate decentralised applications that require up-to-date and trustworthy price information.