TELCOIN is built on Ethereum blockchain network and designed as the main utility token for TELCOIN network. The main function of the coin is to transfer money across the country with low fees. Besides operating as a store of value and medium of exchange, there is no other feature offered by TELCOIN. TELCOIN is Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project aims to empower fast, secure, and less cost through the Ethereum network only by using phone numbers. in V3 version Telcoin integrates their network with DeFi protocol, despite that, no prohibited services are offered Telcoin project. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token is used as a medium of exchange and can be transferred across mobile phones. | Passed |
| Staking Method | Telcoin staking can only be made in third-party protocol. | Passed |
Read the source document and verify project fundamentals.