Telcoin

Telcoin

TEL #188
B 56% L1 Protocol
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Project Safety Score: 56%

Updated 3 hours, 56 minutes ago
TelcoinTEL
Market Cap$192583711
24hr Volume$616492
24hr Change0.4%
Price$0.00202555
Coverage: 6 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track Record
83 A
100% · medium
Economic Design
100 AAA
100% · high
Developer Health
0 F
100% · medium
Network Security
60 B
100% · medium
Social Behavioral
63 BB
80% · low
Adoption Liquidity
27 D
100% · high

Community Rating

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TEL Telcoin Details
Type
DeFi, L1, Wallets, Polygon Ecosystem, Arbitrum Eco
Launched
2017-12-11
HQ
Singapore
Team
Unknown
Decentralized Finance (DeFi)Layer 1 (L1)WalletsPolygon EcosystemArbitrum EcosystemEthereum EcosystemPayment SolutionsBase Ecosystem

Telcoin is a multinational fintech company that integrates blockchain technology with telecommunications and digital banking to provide financial services to mobile phone users internationally. The Telcoin Wallet is a multi-signature decentralized finance (DeFi) wallet that supports over 100 digital assets and facilitates remittances to eWallets and bank accounts worldwide. The company is regulated as a Virtual Asset Service Provider in Lithuania and Argentina, a Major Payment Institution in Singapore, and a Money Services Business in the United States, Canada, and Australia.

The Telcoin Association, a Swiss non-profit based in Lugano, governs the Telcoin Platform through a decentralized structure of Miner Councils. This organization manages the Telcoin (TEL) token and focuses on ensuring compliance in various markets while leveraging both traditional and blockchain transaction methods to support their digital financial services.

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 83 out of 100.
Telcoin has a solid track record, with over 8.4 years of operation and no regulatory actions against it. While there is one historical incident, the overall assessment remains strong, supported by the lack of any significant red flags in the research. This performance suggests a level of stability and reliability in the project.

Economic design score 100 out of 100.
Telcoin excels in its economic design, achieving a perfect score. The project has a clearly defined supply cap of 100 billion tokens, with an impressive 95% of that supply currently circulating. This strong economic foundation indicates a well-thought-out model for sustaining its value over time.

Developer health score 0 out of 100.
The developer health score is concerning, as it indicates minimal activity on the project’s development front. With no recent commits in the last four weeks and only 11 GitHub stars, this lack of engagement may pose risks to the project's long-term sustainability and innovation.

Network security score 60 out of 100.
Telcoin’s network security is rated at 60, reflecting a moderate level of safety. While the project has a respectable chain age of 8.4 years, the economic security, represented by a market cap of approximately $192.9 million, raises some concerns. The presence of a historical incident further adds to the need for monitoring.

Social-behavioral score 63 out of 100.
The social-behavioral aspects of Telcoin show a mixed performance with a score of 63. While sentiment around the project is entirely positive, with no negative reports, audience engagement appears limited, especially on social platforms, where some follower data is unavailable. Additionally, there is evidence of negative press, which should be taken into account.

Adoption liquidity score 27 out of 100.
The adoption liquidity score is quite low at 27, indicating potential challenges in market engagement. With a 24-hour trading volume of just over $600,000 and a relatively low market cap, the project's liquidity and active user base may be insufficient for sustainability and growth. This poses a risk for investors regarding active trading and adoption.

Investing in Telcoin carries inherent risks typical of the crypto market, particularly given its low developer activity and adoption liquidity scores. While its economic design is robust, potential investors should weigh these risks carefully, especially considering the historical incidents and current market dynamics that may affect the project's future viability.

  • Paul Neuner - CEO LinkedIn ↗
    Prior: Founder of Telcoin
    Paul Neuner is the CEO and founder of Telcoin. ([coindesk.com](https://www.coindesk.com/tech/2024/01/12/telcoin-restores-user-balances-after-exploit-records-400-increase-in-deposits?utm_source=openai))
  • CertiK 2022-02-07 pass report ↗
    CertiK audited Telcoin's token contracts, but the exploit was due to a vulnerability in the proxy implementation of wallet smart contracts, which was outside the scope of the audit. ([certik.com](https://www.certik.com/blog/post-mortem-telcoin?utm_source=openai))
View whitepaper ↗
Quality: high
Max supply: 10000000000
Team allocation: 20.0%
Investors: 30.0%
Public: 50.0%
Next unlock: 2026-12-31
  • exploit 2023-12-26 · $1250000
    An exploit resulted in the loss of approximately $1.25 million due to a vulnerability in the proxy implementation of wallet smart contracts. ([certik.com](https://www.certik.com/blog/post-mortem-telcoin?utm_source=openai))
  • Successfully restored user balances after exploit
  • 400% increase in deposits post-exploit
  • Project has a history of hacks or exploits
  • No recent code commits
  • Very low L1 trading volume

Price Chart - Telcoin

Contract Security

base · 0x09be1692ca16e06f5…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
polygon-pos · 0xdf7837de1f2fa4631…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
arbitrum-one · 0x0419e8bfbbb262372…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
ethereum · 0x467bccd9d29f223bc…
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Deploy Date
Feb 24, 2021
polygon-pos
Deployer
0x63ec5767f54…
Total Holders
59055
Top 10 Hold
51.0%
Top 50: 71.6%
Top Holders
  • 0x40ec5b33f54e0e8a3… 35.53%
  • 0xbd02c51150a4ab6ce… 3.83%
  • 0xaa9ae53fc7a69fde1… 2.50%
  • 0x2580ccb2be946ad98… 1.43%
  • 0xf35a6bd6e0459a4b5… 1.38%
  • 0x1b14376ee2d46ae5c… 1.35%
  • 0xaa10db8804d076601… 1.34%
  • 0x3154cf16ccdb4c6d9… 1.28%
  • 0x175ce6204bfda2a50… 1.20%
  • 0x6d6cc65e2060d0a28… 1.20%
Source: ethplorer · Etherscan
Discussion
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100%
Profile Status
Data completeness
No missing data
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$0.06
All-Time Low$0.0001
Circulating95077236367
Total Supply100000000000
Launch2017-12-11

Community Sentiment

👍 100% 0% 👎

Crypto Fear & Greed Index

Crypto Fear & Greed Index Source: alternative.me

Telcoin Stories

Reddit

r/Telcoin →

Developer Activity

GitHub stars⭐ 11
Forks3
Watchers7
View on GitHub →

Telcoin GitHub