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Dear Telcoin community,

I hope this update finds you and your family well in unprecedented times. I know it is cliche to say it has been a crazy year, but it really has. Despite the ups and downs, I believe Telcoin is in an incredibly rare position to do something very special for both crypto and fintech at large.

In summary, we have built two parallel products that, once brought together in 2021, will enable us not only to compete with traditional remittance players but also centralized financial systems in general — across the globe and in a non-custodial, decentralized way. …


Despite a forecasted 20 percent decline in global remittances for 2020, users are abandoning cash-focused incumbents and flocking to digital services. Telcoin and its mobile money partners will benefit from the exodus.

By: Jeff Quigley

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Back in April, as much of the world began coming to grips with the grim “new normal” created by the spread of the novel coronavirus, the World Bank announced an appropriately negative outlook for remittances. With the pandemic already wreaking physical havoc across the globe, lockdowns and layoffs served a knock-out punch to economies. …


It’s time to initiate Balancer Phase 2: Bootstrap liquidity pools with TEL mining

By Parker Spann

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This article will recap the first month of the Uniswap Liquidity Mining program and the data we’ve captured from it. We will then discuss the launch of the second phase of Telcoin’s Balancer roadmap: bootstrapping liquidity with rewards.

Uniswap Recap

As Telcoin works to bring fast, affordable, and high quality financial services to the mass market, one of our main priorities is to make sure the costs to buy and sell TEL are as low as possible for end users of the Telcoin platform.

Automated Market Makers (AMMs) like Uniswap and Balancer enable token holders to passively make TEL markets more liquid and earn trading fees. More liquid markets means end users deal with less slippage costs when purchasing TEL. …


Send Money Smarter

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Disclaimer:

The following information is being shared in order to outline some of Telcoin’s current product plans. We are hopeful that the roadmap can shed some light on what we are building, but it is important to understand that it is being shared for informational purposes only, and not as a binding commitment. The development, release, and timing of any products, features, or functionality remains at the sole discretion of Telcoin, and is subject to change.


This weekend, the Kucoin exchange experienced a security breach which compromised their hot wallets. We have been monitoring this situation since the beginning.

What happened?

Beginning at 19:05 UTC time on Friday, September 25th, a hacker began withdrawing large sums of BTC, ETH, and a number of ERC-20 tokens from Kucoin to the following wallet address: https://etherscan.io/address/0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23.

Based on our forensic analysis of the ethereum blockchain, TEL tokens at the old smart contract address (0x85e076361cc813A908Ff672F9BAd1541474402b2) were withdrawn from Kucoin:

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These tokens are valueless. TEL migrated from that smart contract address earlier this year. …


Telcoin is now on Balancer! Learn more about our latest DEX, how it works, and how to use it with TEL.

By Parker Spann

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DEXes are one of the key building blocks Telcoin is using to bring TEL remittances, and every other future complementary financial product, to the masses. Balancer is a novel asset management and decentralized exchange platform that offers some unique advantages over traditional Automated Market Makers. This article first discusses Telcoin’s ongoing DEX roadmap, gives an overview of Balancer and how it works, and then provides a simple how-to-guide for TEL holders.

Telcoin’s DEX roadmap takes a phased approach. In phase one, Telcoin creates new markets and teaches TEL holders how to use them. In phase two, Telcoin initiates liquidity rewards in order to capture the data needed to sustainably and efficiently bootstrap TEL pool liquidity and lower transaction costs as much as possible for end users. Subsequent phases and infrastructure additions to the Telcoin platform stack will be announced at time of launch. …


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Dear Telcoin community,

We are about six weeks into our transition to the Telcoin 2.0 team. It has been a tall mountain to climb, and frankly quite frustrating until recently. During the first month of our transition, there was very little under the the new team’s control as we depended on people who are no longer with Telcoin to enable us to overcome numerous issues. I only mention this out of a commitment to complete transparency in sharing with you our progress and current situation.

It has really only been the past two weeks where we have started to feel in control of the ship. This has been a great relief that has truly energized the entire current team. We expect to be completely free of dependence on previous team members by the end of September. …


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The first TEL liquidity mining pool is going live on Uniswap V2!

By: Parker Spann

Today, we are excited to announce the first TEL liquidity mining pilot program!

As we recapped in last week’s Community Update, Telcoin’s first launch on Uniswap has been a resounding initial success. That is just the start.

As we approach the release of our live global remittance product, one of Telcoin’s main priorities is to make TEL exchange and transfer costs lower than any existing remittance product in the world. While initial remittance corridors are being turned on as fiat-only, we are of course also rolling out fiat-crypto rails in parallel with the objective of these eventually merging. …


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Dear Telcoin community,

We are planning a major update at the end of the month, but I wanted to give everyone a brief interim update on progress as the new team is ramping up and also launching our initial corridor. Spirits are much higher now, and I am really proud of how the team has handled everything. In addition to our initial release, a lot of current efforts are organizational to make us function better as well as laying the groundwork for the sort of revolutionary offerings that we want to release in 2021.

We are targeting some big milestones for August and September, and expect to meet them, but I also want to reiterate my goal that by the start of Q4 we will have the ability moving forward to regularly set very clear targets and meet (if not beat) them. I am also working to establish greater internal and external communication and transparency. …


Phase one of our DEX roadmap is simple: create new markets and teach TEL holders how to use them.

By Parker Spann

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DEXes are one of the key building blocks Telcoin is using to bring TEL remittances, and every other future complementary financial product, to the masses. Uniswap is the most successful DEX in the world. This article first outlines key reasons why we chose to integrate DEXes into the Telcoin application, touches on how we will release each phase of our DEX roadmap, and goes into detail on how Uniswap works and how to use it.

Telcoin & DEXes

In Diving into DeFi Volume 2, we explored the decentralized exchange (DEX) market, and announced our intention to utilizes DEXes as a key infrastructure layer of the Telcoin application. …

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