Telcoin (TEL) is a cryptocurrency used as a medium of exchange, reserve asset, and protocol token on a user-owned, decentralized financial platform. The platform enables users to access and use decentralized financial products globally, and Telcoin incentivizes telecoms and active users to provide value-added services to end-users. By aligning around this platform, Telcoin aims to provide every mobile phone user in the world with fast and affordable, user-owned financial products, which are better than traditional banking services.