Telcoin Platform

Telcoin Platform

TELx: Consumer Products

TELxchange: A network of TEL, digital asset exchange markets used for trading TEL with other blockchain goods (e.g. BTC, USDC), and the Send Money Smarter Network (SMS): A network of digital cash markets enabling on-chain FX and remittances.

Summary

Anyone with an internet connection and web3 wallet can access TELx markets, which are used for automated, self-custodial, decentralized TEL exchange with digital assets and on-chain FX with digital cash. TELx products are designed to be user-owned, which means consumers can produce, earn fees, harvest TEL issuance from issuance, and manage the products they use in their daily lives.

Consumer Products Overview

  • TELxchange: A network of digital asset exchange markets used for trading TEL and other blockchain goods (e.g. BTC, USDC).
  • SMS Network: A network of digital cash markets enabling on-chain FX and remittances.

    • TELxchange: Activities, benefits, costs, technology used, infrastructure involved

    Overview: User-owned, decentralized cryptoasset exchange

  • Activity: Traders swap their cryptoassets for other assets using TELxchange liquidity pools, paying swap fees, and liquidity miners provision TEL and other TELx asset liquidity to the marketplace, earning swap fees on every trade through their liquidity pool.
    • Example: A user swaps 100 BTC for 10,000 TEL using the TEL/USDC liquidity pool on Balancer, paying .20 BTC to the liquidity pool which is accrued by liquidity miners.
  • Benefits: Users can exchange cryptoassets at any time, instantly, without relying on third parties to match orders and custody assets, liquidity miners earn swap fees on every trade, and validators earn gas fees on each transaction.
    • Users: The ability to trade TELx cryptoassets at any time, automatically, without relying on third parties to custody or match orders.
    • Liquidity Miners: Income from swap fees paid to exchange assets using a liquidity pool.
    • Validators: Income from gas fees paid to access blockspace.
  • Costs: Users pay fees each time they transact through a liquidity pool.
  • Technology used: Web3 wallet, cryptoassets, TEL, cryptoassets
  • Infrastructure involved: Interface, TELxchange markets, trade router, blockchain

    • SMS Network: Activities, benefits, costs, technology used, infrastructure involved

    Overview: User-owned, decentralized foreign exchange and remittances.

  • Activity: Users swap their fiat-backed stablecoins for other stablecoins using SMS Network liquidity pools, paying swap fees, and liquidity miners provision TEL and stablecoin liquidity to the marketplace, earning swap fees on every trade through their liquidity pool.
    • Example: A user swaps 100 USDC for 129 CADC using the USDC/CADC liquidity pool on DFX, paying .04 USDC to the liquidity pool which is accrued by liquidity miners.
  • Benefits: Users can exchange TEL and fiat backed stablecoins at any time, instantly, without relying on third parties to match orders and custody assets, liquidity miners earn swap fees on every trade, and validators earn gas fees on each transaction.
    • Users: The ability to trade TEL and stablecoins at any time, automatically, without relying on third parties to custody or match orders.
    • Liquidity Miners: Income from swap fees paid to exchange assets using a liquidity pool.
    • Validators: Income from gas fees paid to access blockspace.
  • Costs: Users pay fees each time they transact through a liquidity pool.
  • Technology used: Web3 wallet, cryptoassets, TEL, cryptoassets
  • Infrastructure involved: Interface, SMS Network markets, trade router, blockchain