Send Money Smarter (SMS) Network
Description: The SMS Network is a user-owned, decentralized international money transfer platform disrupting the US$700 billion remittance industry.
How it works: Miners deposit self-custodial liquidity reserves composed of TEL and a global basket of asset-backed stablecoins in AMM liquidity pools and end users transfer through those markets as swap & send transactions to the recipient, paying a swap fee to liquidity providers on every transaction. Upon reaching product viability, each individual SMS market is integrated into the Telcoin application, powering a new, user-owned remittance corridor.
Market opportunity: SMS decentralizes foreign exchange to active Telcoin users on DeFi protocols, enabling remittance senders to capture fees they now exclusively award to legacy financial institutions, at a fraction of the cost, instantly.
DeFi protocols: DFX (Polygon) and Quickswap
Initial assets: TEL, USDC, CADc, EURS, xSGD
Description: TELxchange is a user-owned, decentralized utility token exchange network that uses TEL as the reserve asset and medium of exchange.
How it works: Miners deposit self-custodial liquidity reserves composed of TEL and other TELx cryptoassets in AMM liquidity pools, which are then integrated into the Application upon reaching viability and exclusively power token exchange for end users. The default requirement for any TELxCHANGE liquidity pool is that TEL must be a reserve asset, quantifiably driving its utility as a medium of exchange as the product succeeds. Click here to learn more about TEL on TELx.
Market opportunity: TELxCHANGE decentralizes token exchange to active Telcoin users on DeFi protocols, enabling traders to capture fees they now exclusively award to centralized exchanges, without giving up custody of their assets.
DeFi protocols: Quickswap
Initial assets: TEL, WETH, WBTC, WMATIC, QUICK, AAVE