TELx is a global network of decentralized financial markets which serves as the liquidity engine of the Telcoin platform. In V1, TELx is built on a network of AMM DEX markets and incentives which make the system work and sustain itself over time.
AMM liquidity pools earn swap fees on every transaction through their pool and are designed to economically sustain themselves on fees over time. Issuance of TEL is used to incentivize decentralized exchange liquidity across TELx in the early phases to meet the liquidity required to enable two user-owned exchange products:
Send Money Smarter Network (SMS): a user-owned, decentralized global remittance network.
TELxchange: a user-owned, decentralized digital asset exchange.
Please find detailed information about each TELx market including the product they power and incentives schedules below.
Resources
For additional information about TELx markets and incentives review:
The TELx Issuance Schedule here
Review Addresses and Contracts for each TELx market here
TELx Market Participants & Incentives here
TELx Ecosystem Assets & Protocols here
TEL/USDC on Quickswap
Overview
Primary Product: SMS Network
TELx Addition: July 7th, 2021
Analytics: info.quickswap.exchange
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL & QUICK
Issuance Period 1: July 7th-ongoing
1,500,000 TEL a week
56 QUICK a week
TEL/QUICK on Quickswap
Overview
Primary Product: TELxchange
TELx Addition: July 7th, 2021
Analytics: info.quickswap.exchange
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL & QUICK
Issuance Period 1: July 7th-ongoing
1,500,000 TEL a week
91 QUICK a week
TEL/wETH on Quickswap
Overview
Primary Product: TELxchange
TELx Addition: July 7th, 2021
Analytics: info.quickswap.exchange
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL & QUICK
Issuance Period 1: July 7th-ongoing
1,500,000 TEL a week
70 QUICK a week
TEL/wMATIC on Quickswap
Overview
Primary Product: TELxchange
TELx Addition: July 7th, 2021
Analytics: info.quickswap.exchange
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL
Issuance Period 1: July 7th-August 11th, 2021
1,000,000 TEL a week
Issuance Period 2: August 11th-ongoing
500,000 TEL a week
TEL/AAVE on Quickswap
Overview
Primary Product: TELxchange
TELx Addition: July 7th, 2021
Analytics: polygonscan.com
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL
Issuance Period 1: July 7th-August 11th, 2021
750,000 TEL a week
Issuance Period 2: August 11th-ongoing
500,000 TEL a week
TEL/wBTC on Quickswap
Overview
Primary Product: TELxchange
TELx Addition: July 7th, 2021
Analytics: info.quickswap.exchange
Swap fees
Total Fee: 0.30% total per swap
Fee to LP: 0.25% paid to liquidity pool
Issuance
Rewards Tokens: TEL
Issuance Period 1: July 7th-August 11th, 2021
750,000 TEL a week
Issuance Period 2: August 11th-ongoing
500,000 TEL a week
USDC/CADc on DFX
Overview
Primary Product: SMS Network
TELx Addition: July 19th, 2021
Add Liquidity: https://app.dfx.finance/pools
Swap fees
Total: 0.05% dynamically adjusted
Issuance
Rewards Tokens: TEL & DFX
Issuance Period 1: July 19th-August 21st, 2021
55,055 DFX/32 days
470,016 TEL/32 days
Issuance Period 2: August 22nd-ongoing
47,395.8 DFX/month
470,016 TEL/month
USDC/xSGD on DFX
Overview
Primary Product: SMS Network
TELx Addition: July 19th, 2021
Add Liquidity: https://app.dfx.finance/pools
Swap fees
Total: 0.05% dynamically adjusted
Issuance
Rewards Tokens: TEL & DFX
Issuance Period 1: July 19th-August 21st, 2021
55,055 DFX/32 days
470,016 TEL/32 days
Issuance Period 2: August 22nd-ongoing
47,395.8 DFX/month
470,016 TEL/month
USDC/EURS on DFX
Overview
Primary Product: SMS Network
TELx Addition: July 18th, 2021
Add Liquidity: https://app.dfx.finance/pools
Swap fees
Total: 0.05% dynamically adjusted
Issuance
Rewards Tokens: TEL & DFX
Issuance Period 1: July 19th-August 21st, 2021
55,055 DFX/32 days
470,016 TEL/32 days
Issuance Period 2: August 22nd-ongoing
47,395.8 DFX/month
470,016 TEL/month
TEL/USDC on Balancer
Overview
Primary Product: SMS Network
TELx Addition: August 18th, 2021
Pool Tokens: TEL/USDC
Pool Weights: 80/20
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18, 2021-ongoing
750,000 a week
TEL/BAL on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/BAL
Pool Weights: 50/50
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18, 2021-ongoing
750,000 a week
TEL/wETH/USDC on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/WETH/USDC
Pool Weights: 60/20/20
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18th, 2021-ongoing
500,000 a week
TEL/BAL/USDC on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/BAL/USDC
Pool Weights: 60/20/20
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18th, 2021-ongoing
750,000 a week
TEL/wBTC/USDC on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/wBTC/USDC
Pool Weights: 60/20/20
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18th, 2021-ongoing
500,000 a week
TEL/wMATIC/USDC on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/wMATIC/USDC
Pool Weights: 60/20/20
Analytics: polygon.balancer.fi
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18th, 2021-ongoing
500,000 a week
TEL/AAVE/USDC on Balancer
Overview
Primary Product: TELxchange
TELx Addition: August 18th, 2021
Pool Tokens: TEL/AAVE/USDC
Pool Weights: 60/20/20
Swap fees
Total: 0.20% dynamically adjusted
Issuance
Rewards Tokens: TEL
Issuance Schedule: August 18th-ongoing
500,000 a week
