Telcoin Update: Official Airdrop
August 17, 2018

At Telcoin, we believe that tokens are most useful when they are as widely distributed as possible. In the case of accessing, managing and paying with a range of different cryptocurrencies, a wide distribution is also critically important for network security. Unfortunately, not everyone has the time, opportunity, and technical proficiency necessary to get into the earliest moments of a token generation event. The question becomes: how can a given token find its way into more hands?

In Telcoin’s case, 4% has been set aside from the total issuance, ready to be distributed by an automatic airdrop. That is, now every address on the Ethereum blockchain that has a balance over a minimum threshold of 0.1 ETH will receive a share of this 4% that is proportional to their share of ETH.

For every 1 ETH that you hold, you can receive 50,000 TEL tokens as an airdrop. Existing TEL holders will also benefit from this airdrop, for every 1 TEL that you already have, you can receive an additional 0.3 TEL.

My TEL is on an exchange. How can I receive the airdrop?

Exchanges will not support the TEL airdrop and we will not be able to airdrop the tokens to your wallet. In order to receive the TEL airdrop you need to:

1. Have a personal Ethereum wallet (like MyEtherWallet, Parity and etc.) where you hold the actual private key.
2. Withdraw your TEL and ETH balance from the exchange you have them on to your personal wallet.
3. Enter your address, balance and follow the steps above to claim your tokens.

What is Telcoin?

Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy. Telcoin is the first cryptocurrency to tap into synergies between the reach of mobile telecoms and the fast, borderless nature of blockchain technology.