Telcoin

Halal Rating :
Comfortable
Last Price $0.01 Last updated:
Rank 210
1D Change -2.14 %
Market Cap $619.03m
Circulating supply 91,649,420,414
Maximum supply 100,000,000,000

Crypto Overview

Categories
  • Medium of Exchange
  • Polygon Ecosystem

Project Overview

Telcoin is a decentralized financial technology platform focusing on facilitating international remittances and mobile money transfers through blockchain technology. The project partners with telecom operators and e-wallet providers to enable fast, low-cost cross-border transfers.

Intended Utility

The primary purpose of TEL tokens is to facilitate international remittances and payments through telecom operators' mobile money platforms. The token serves as a medium of exchange within the Telcoin ecosystem, enabling users to send money internationally at lower costs than traditional remittance services.

Actual Utility and Implementation

Telcoin has established partnerships with various telecom operators and e-wallet providers, particularly in Southeast Asia. The platform has launched operations in several countries, including the Philippines, where it operates through partnerships with local mobile money providers. The project has obtained necessary regulatory compliance, including registration as a Virtual Asset Service Provider (VASP) in multiple jurisdictions.

Token Distribution and Governance

The token distribution shows a relatively balanced allocation, with no concerning concentration among founders. The project maintains transparency regarding token vesting schedules and team holdings. Development activity is consistent, with regular updates to the platform and expansion of services.

Revenue Model

Telcoin generates revenue through transaction fees on remittances and transfers, which is permissible under Islamic finance principles as it represents a fee for service rather than interest-based income. The business model focuses on providing real utility through cost-effective financial services.

Ecosystem Development

The project demonstrates ongoing development with regular updates to its mobile applications and backend infrastructure. The team maintains active communication with the community and provides transparent progress reports on business development and technical implementations.

Crypto Impact

To assign a comfort level investing in Telcoin from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Telcoin.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating