What is Telcoin?
Telcoin is a telecom-focused cryptocurrency with a mission of expanding financial inclusion by way of partnerships with mobile network operators. Telcoin aims to leverage the reach of mobile phones to rapidly scale access to cryptocurrency globally. — Paul Neuner, Chairman and Co-founder
There is a pre-ICO that is available for those wishing to purchase $100,000 or more worth of Telcoin. The pre-ICO will end when the ICO begins. In order to participate, contributors should reach out to the team on one of their social media channels below or email them at firstname.lastname@example.org
5% of all tokens created are being reserved as bonus tokens for contributors who participate in the presale.
The ICO begins on December 11, 2017 and ends on February 11, 2017. The unit value of a coin will be calculated based on the total amount of funds raised during the pre-ICO and ICO phases. This total amount will stand for 22% of the coins in circulation, and so the unit price will be calculated as follows:
(Total funds raised across pre-ICO and ICO / 20%) / 100,000,000,000
For example, if $10,000,000 is raised:
($10,000,000 / 0.20) / 100,000,000,000 = $0.0005 per token
Bitcoin and Ethereum are accepted as contribution. 20% of the total tokens being created will be available during the ICO. There is a soft cap of $10,000,000 and a hard cap of $25,000,000. If the soft cap is not reached across the pre-ICO and ICO, refunds will be given to contributors.
There is a whitelist registration that can be completed by any contributor. The whitelist registration requires an email address, passport, and wallet address information in order to register. There is a minimum contribution amount of 0.3 Ether for the ICO.
Token Distribution Information
There are a total of 100,000,000,000 Telcoin tokens being created, with the following allocation occurring:
20%: Pre-ICO and ICO
5%: Pre-ICO bonus
50%: Issuance of Telcoin over a five year period
15%: Telcoin organization
5%: Telcoin foundation
5%: Liquidity fund
Use of Crowdsale Proceeds
The Telcoin team has developed an operational budget of roughly $25,000,000 to kickstart Telcoin during the first 36 months, but if they were to raise more funds, the funds would be allocated this way:
A large part of the extra funds will be allocated to additional marketing spending in order to maximize reach to at least one telecom in as many countries as possible — particularly important remittance corridors.
In a number of markets, the team expects to need a formidable effort to overcome regulatory challenges, and extra funds will help build a strong lobby team with the necessary resources and top notch respected legal support.
In the mid to long term, extra funds will help execute strategic M&A when the team will have a need for it, for example to acquire their way into a strategic market or engage in strategic joint ventures with large telecom groups.
In general, a larger ICO raise will help the team gain leverage in negotiations with telecom operators. They feel that a collective coordinated global effort to lobby telecoms and regulators will be required, and this will be expensive.
In their long term strategy, they don’t close the door to becoming a MVNO in some countries if it makes sense for their growth strategy their. After the ICO is over and once they have kick started activity, they will also consider private equity investment through a series A round if it makes sense regarding a financing plan.