Platform

Platform

TAN: Consumer Products

Mobile, self-custodial access to the Telcoin Platform, its decentralized financial products, other blockchain services, and the unique products offered by each Telcoin mobile application.

Summary

Situated at the highest layer of the Platform, the products available at the application layer to be consumed by users are the resulting material outputs generated by all three networks simultaneously and the standalone services produced by Developers and offered to consumers through their proprietary mobile applications.

Product Overview

From their mobile device, Telcoin apps enable users to securely access (1) DeFi, (2) traditional, crypto, and hybrid payments and banking (3) secure self-custody.

  • User-owned, decentralized financial products: Cryptoasset exchange, foreign exchange, remittances, and any other use case enabled by TELx.
  • Payments and Banking: Crypto payments, fiat remittances, local and global fiat to stablecoin on and off ramps.
  • Self-custody: Secure self-custody over cryptoassets without having to generate and store a private key in a physical location.
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    DeFi: Activities, benefits, costs, technology used, infrastructure involved

    Overview: Cryptoasset exchange, foreign exchange, remittances and any other future use cases enabled by TELx.

    User-owned, decentralized cryptoasset exchange (TELxchange)

  • Activity: Trading cryptoassets for other assets, paying fees on each transaction.
    • Example: A user trades 1,000 USDC for 1,000,000 TEL, paying 7.5 USDC in fees.
  • Benefits: Users benefit from the ability to trade at any time, instantly, at low costs and miners at every layer earn fees.
    • Users: The ability to trade cryptoassets in a self-custodial way, at any time, instantly, without relying on counterparties to match orders or custody assets, at low costs.
    • Developers: Income from transaction fees.
    • Stakers: Income from referral fees.
    • Liquidity Miners: Income from swap fees when trades utilize TELx liquidity pools.
    • Validators: Income from gas fees paid to access blockspace.
  • Costs: Transaction fees and gas fees
    • Transaction fees: Users pay transaction fees when they trade cryptoassets on Telcoin Applications.
    • Gas fees: Developers pay gas fees for users.
  • Technology used: Telcoin application, mobile phone, cryptoassets, TEL, cryptoassets
  • Infrastructure involved: Interface, multi-sig wallet, Defi markets, trade router, blockchain

    • User-owned, decentralized foreign exchange (FX)

  • Activity: Trading fiat currency backed stablecoins for other stablecoins, paying fees on each transaction.
    • Example: A user trades 1,000 USDC for 1,010 CADC, paying 5 USDC in fees.
  • Benefits: Users benefit from the ability to trade fiat currency backed stablecoins for each other and miners at every layer earn fees.
    • Users: The ability to trade stablecoins in a self-custodial way, at any time, instantly, without relying on counter-parties to match orders or custody assets, at low costs.
    • Applications: Income from transaction fees.
    • Stakers: Income from referral fees.
    • Liquidity Miners: Income from swap fees when trades utilize TELx liquidity pools.
    • Validators: Income from gas fees paid to access blockspace.
  • Costs: Transaction fees and gas fees
    • Transaction fees: Users pay transaction fees when they trade stablecoins on Telcoin Applications.
    • Gas fees: Applications pay gas fees for users.
  • Technology used: Telcoin application, mobile phone, cryptoassets, TEL, cryptoassets
  • Infrastructure involved: Interface, multi-sig wallet, Defi markets, trade router, blockchain

    • User-owned, decentralized crypto remittances (Send Money Smarter)

  • Activity: Sending international crypto remittances, paying fees. The underlying local stablecoin swaps for the receiving user’s local stablecoin through TELx liquidity pools, and the beneficiary receives the local currency backed stablecoin, all in the same transaction.
    • Example: A USA user sends 1,000 USDC to a Canadian user paying 5 USDC in fees, under the hood 1,000 USDC swaps for 1,290 CADC through TELx liquidity pools, and the canadian user receives 1,290 CADC, instantly.
  • Benefits: Users benefit from the ability to send automated, decentralized international remittances at any time, instantly, at very low costs. Miners at every layer earn income from fees.
    • Users: The ability to send international remittances with near instant settlement finality, at low costs, at any time without having to rely on third parties to transfer and exchange currencies on the interbank market.
    • Developers: Income from transaction fees.
    • Stakers: Income from referral fees.
    • Liquidity Miners: Income from swap fees when fx trades utilize TELx liquidity pools.
    • Validators: Income from gas fees paid to access blockspace.
  • Costs: Transaction fees and gas fees
    • Transaction fees: Users pay transaction fees when they trade stablecoins on Telcoin Applications.
    • Gas fees: Applications pay gas fees for users.
  • Technology used: Telcoin application, mobile phone, cryptoassets, TEL, cryptoassets
  • Infrastructure involved: Interface, multi-sig wallet, Defi markets, trade router, blockchain
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    Payments and Banking: Activities, benefits, costs, technology used, infrastructure involved

    Overview: Crypto payments, fiat remittances, local and global fiat to stablecoin on and off ramps.

    Crypto payments

  • Activity: Sending cryptoassets to other Telcoin users.
    • Example: A user sends 1,000 TEL to another user’s account.
  • Benefits: Users benefit from the ability to transfer assets peer to peer, instantly, at any time without relying on counter-parties. Validators earn income from gas fees.
    • Users: The ability to transfer assets peer to peer, instantly, at any time without relying on counter-parties.
    • Validators: Earn income from gas fees paid to access blockspace.
  • Costs: Gas fees
    • Users: Free
    • Developers: Pay gas fees for users.
  • Technology used: Telcoin application, mobile phone, cryptoassets, TEL, cryptoassets.
  • Infrastructure involved: Interface, multi-sig wallet, blockchain

    • Fiat remittances

  • Activity: Sending international fiat remittances, paying fees.
    • Example: A USA user sends $250 to a canadian user, paying fees, the canadian user receives $250 worth of CAD minus fees and fx costs.
  • Benefits: Users benefit from the ability to send international fiat remittances at low costs and Applications earn income from transaction fees.
    • Users: The ability to send international fiat remittances at any time at low costs.
    • Developers: Income from transaction fees.
  • Costs: Users pay transaction fees each time they send an international fiat remittance.
    • Transaction fees: Users pay transaction fees to developers when they send international fiat remittances.
  • Technology used: Telcoin application, bank account
  • Infrastructure involved: Interface, traditional banking rails

    • Global and local fiat to stablecoin on and off ramps

  • Activity: Trading fiat currency for on-chain currency backed stablecoins and vice versa.
    • Example: A USA trades $1,000 USD for 1,000 USDC in their Telcoin wallet.
  • Benefits: Users benefit from the ability to cash in and out of stablecoins to local fiat currency at low to no costs. Validators earn gas fees paid to access blockspace.
    • Users: The ability to cash in and out of stablecoins to local fiat currency at low to no costs at any time.
    • Validators: Earn gas fees paid to access blockspace.
  • Costs: On/off-ramp fees, gas fees
    • On/off-ramp fees: Users or Developers pay fees to on/off-ramp providers depending on the market.
    • Gas fees: Users or Developers pay gas fees when the stablecoin moves between accounts.
  • Technology used: Telcoin application, mobile phone, cryptoassets, bank account
  • Infrastructure involved: Interface, multi-sig wallet, blockchain, traditional banking rails.
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    Self-Custody: Activities, benefits, costs, infrastructure involved

    Overview: Secure self-custody over cryptoassets without having to generate and store a private key in a physical location.

  • Activity: Securely, self-custodying cryptoassets on the Telcoin Application using a 2 for 3 multi-sig implementation native to the app.
    • Example: A user deposits 1,000,000 TEL to their Telcoin Application wallet and stores it there.
  • Benefits: Cryptographically-enforced, self-custodial private property rights over digital scarcity without having to store a private key off-chain.
  • Costs: Free
  • Technology used: Telcoin application, mobile phone, cryptoassets
  • Infrastructure involved: Interface, multi-sig wallet, blockchain