Asset Selection

Assets must satisfy one of the following requirements to be considered for addition to the TELx ecosystem:

1. The native token of any protocol on the Telcoin Application Network.
2. Asset-backed stablecoins with reserves in local bank accounts and domestic payment rails.
3. Compliant digital assets with strong consumer demand and institutional acceptance.

TELx Assets

TEL: TEL is the native utility token of the Telcoin Platform and is used to coordinate and incentivize user-owned products as well as bridge between stablecoins on the SMS Network and TELxCHANGE assets.

ETH: Telcoin was originally deployed to Ethereum and ETH is the native token of the network.

POL: The Telcoin mobile application, the first developer on the Telcoin Platform, has been live on Polygon since July 2021. POL is required for users to pay network fees, so having TEL/POL markets is crucial to the successful operation of the Telcoin platform.

WBTC: Wrapped Bitcoin is a 1:1 tokenized representation of Bitcoin (BTC) on Ethereum and Polygon. TEL/WBTC markets will enable end users to own, and seamlessly swap to/ from, the largest digital asset by market capitalization in the Telcoin Application. Given Bitcoin’s institutional acceptance in the USA, we view it as a compliant asset for consumers with strong demand characteristics. 

Stablecoins: USDC, eMXN

TELx Protocol Selection

TELx protocols are selected based on their ability to enable new products for end users of the Telcoin Application. In order to be considered, the protocol must be sufficiently decentralized with no “back doors.” Their code must be battle tested and open source, with evidence of smart contract audits by reputable firms, and the system must be self-custodial, where users custody their assets at all times. 

For more information about specific TELx Protocols, AMMs, and DeFi in general, please review the FAQ section.