Telcoin

A cryptocurrency distributed by your mobile operator and accepted everywhere.

About Telcoin

Telcoin aims to provide a cryptocurrency solution for mobile networks, enabling them to provide their customers with access to online remittances, transfers, payments, and ecommerce. Telcoin will partner with telecom companies in order to avoid “key points of friction”, such as trust, reach, and KYC compliance, and provide a mobile solution for the unbanked. TEL coins will be used as a general means of exchange with a focus on rapidly reaching high levels of adoption via telecom integration.

Token Sale Use of Blockchain

Product

3.0
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.

Product

Telcoin’s ultimate target user base is the mass market. The level of competition that Telcoin faces is quite high, as it wishes to become a general purpose means of exchange. The strongest aspect of the platform is the potential for widespread adoption via mobile network operator partnerships; high adoption rates have yet to be achieved. The Telcoin GitHub page can be found through a manual search and shows fairly low levels of content and activity.

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

TEL is an ERC20 compliant token and is used as a general means of exchange. It is stated that TEL will be distributed at no charge to partner mobile operators in order to reduce risks associated with partnering with the organization. The use of blockchain technology is not particularly innovative: Telcoin plans to use blockchain technology to simply issue/exchange tokens. It is stated that each year, TEL will be rewarded to mobile operators based on TEL transaction volume, thus incentivizing adoption among telecommunication companies.

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.

Whitepaper

The whitepaper is 50 pages in length. The technology plan is presented with moderately low levels of detail. Technical aspects of the platform, such as the Telcoin Exchange API, are discussed using layman terminology. The business plan is presented with high levels of detail. The marketing strategy is thoroughly discussed and includes considerations specific to different geographical areas or populations. The document also exhibits transparency by discussing the challenges that the organization faces (monetary regulation, mobile network security, cryptocurrency volatility, software security, telcom relationships, and education of customers) and how these issues will be addressed. The fee structure for remittances is also specified (1% transaction fee, half of which goes to Telcoin). Overall, the whitepaper is fairly comprehensive, but could be improved with more specific technical discussion of the platform.

Whitepaper Compliance

Roadmap

2.6
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

1.0
N/A
1 - Not-yet-available or questionable.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

Three fairly comprehensive roadmaps are presented in the whitepaper, with regard to regulatory compliance, product development, and business development. Most of the milestones related to regulatory compliance involve the acquisition of various licenses (banking, money transmission, cryptocurrency exchange, etc). It is stated that in Q3 2018, Telcoin will initiate integration with at least two partner wallets. In Q4 2018, the Telcoin wallet for iOS is planned to be released. Developments span from Q4 2017 to Q1 2019.

Roadmap Company and Team

Compliance

2.4
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

The whitepaper contains a disclaimer section that is approximately 2 pages in length. It is not explicitly stated whether TEL coins should be considered securities. However it is stated that after the ICO, the organization may “consider private equity investment through a series A round”. It is unknown if KYC will be used for the token sale.

Compliance Token Sale

Company and Team

2.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

The core team is comprised of 10 individuals who are listed on the Telcoin website, along with their profile pictures, short descriptions and links to social media profiles. In addition, the whitepaper also provides a fairly thorough discussion of future team growth, and estimates the number of team members expected to operate in different areas of the organization. There is a fair number of individuals with a background in business as well as technology. In addition, there are individuals with professional experience in telecom. The two co-founders are the CEO, who is an advisor at TenX, and the Chairman, who is also the founder and CEO of Mobius Wireless Solutions (telecom software solutions for mobile operators, specializing in business analytics and revenue assurance).

Company and Team Product

Token Sale

2.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

2.0
N/A
2 - Only loosely related to plans.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.

Token Sale

The total number of TEL tokens is 100 billion (25% is for the ICO, 50% is for telco issuance over the span of 10 years, 15% is for the organization, 5% is for liquidity and 5% is for the Telcoin foundation). The allocation of funds is described in moderate detail. It is stated that the organization has “developed an operational budget of roughly US$25,000,000 to kickstart Telcoin during the first 36 months” and that they “have thought of several ways to allocate them efficiently”. However the allocation is discussed in qualitative terms and lacks specificity. The soft cap was $10MM USD and the hard cap was $25MM USD. It is stated that “Telcoin issuance to telcos will occur at a rate of 5% annually for a period of 10 years following the ICO, distributed to GSMA mobile networks continuously based their stage of Telcoin integration”.

Product

Telcoin’s ultimate target user base is the mass market. The level of competition that Telcoin faces is quite high, as it wishes to become a general purpose means of exchange. The strongest aspect of the platform is the potential for widespread adoption via mobile network operator partnerships; high adoption rates have yet to be achieved. The Telcoin GitHub page can be found through a manual search and shows fairly low levels of content and activity.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
3.0

Use of Blockchain

TEL is an ERC20 compliant token and is used as a general means of exchange. It is stated that TEL will be distributed at no charge to partner mobile operators in order to reduce risks associated with partnering with the organization. The use of blockchain technology is not particularly innovative: Telcoin plans to use blockchain technology to simply issue/exchange tokens. It is stated that each year, TEL will be rewarded to mobile operators based on TEL transaction volume, thus incentivizing adoption among telecommunication companies.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
3.0

Whitepaper

The whitepaper is 50 pages in length. The technology plan is presented with moderately low levels of detail. Technical aspects of the platform, such as the Telcoin Exchange API, are discussed using layman terminology. The business plan is presented with high levels of detail. The marketing strategy is thoroughly discussed and includes considerations specific to different geographical areas or populations. The document also exhibits transparency by discussing the challenges that the organization faces (monetary regulation, mobile network security, cryptocurrency volatility, software security, telcom relationships, and education of customers) and how these issues will be addressed. The fee structure for remittances is also specified (1% transaction fee, half of which goes to Telcoin). Overall, the whitepaper is fairly comprehensive, but could be improved with more specific technical discussion of the platform.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

5.0
N/A
5 - Candid openness.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.
Whitepaper Score:
3.8

Roadmap

Three fairly comprehensive roadmaps are presented in the whitepaper, with regard to regulatory compliance, product development, and business development. Most of the milestones related to regulatory compliance involve the acquisition of various licenses (banking, money transmission, cryptocurrency exchange, etc). It is stated that in Q3 2018, Telcoin will initiate integration with at least two partner wallets. In Q4 2018, the Telcoin wallet for iOS is planned to be released. Developments span from Q4 2017 to Q1 2019.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

1.0
N/A
1 - Not-yet-available or questionable.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.6

Compliance

The whitepaper contains a disclaimer section that is approximately 2 pages in length. It is not explicitly stated whether TEL coins should be considered securities. However it is stated that after the ICO, the organization may “consider private equity investment through a series A round”. It is unknown if KYC will be used for the token sale.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
2.4

Company and Team

The core team is comprised of 10 individuals who are listed on the Telcoin website, along with their profile pictures, short descriptions and links to social media profiles. In addition, the whitepaper also provides a fairly thorough discussion of future team growth, and estimates the number of team members expected to operate in different areas of the organization. There is a fair number of individuals with a background in business as well as technology. In addition, there are individuals with professional experience in telecom. The two co-founders are the CEO, who is an advisor at TenX, and the Chairman, who is also the founder and CEO of Mobius Wireless Solutions (telecom software solutions for mobile operators, specializing in business analytics and revenue assurance).

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

3.0
N/A
3 - Minimally sufficient.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
2.8

Token Sale

The total number of TEL tokens is 100 billion (25% is for the ICO, 50% is for telco issuance over the span of 10 years, 15% is for the organization, 5% is for liquidity and 5% is for the Telcoin foundation). The allocation of funds is described in moderate detail. It is stated that the organization has “developed an operational budget of roughly US$25,000,000 to kickstart Telcoin during the first 36 months” and that they “have thought of several ways to allocate them efficiently”. However the allocation is discussed in qualitative terms and lacks specificity. The soft cap was $10MM USD and the hard cap was $25MM USD. It is stated that “Telcoin issuance to telcos will occur at a rate of 5% annually for a period of 10 years following the ICO, distributed to GSMA mobile networks continuously based their stage of Telcoin integration”.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

2.0
N/A
2 - Only loosely related to plans.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

3.0
N/A
3 - Some presence, lukewarm reception.
Token Sale Score:
2.4

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