Teloscoin is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Teloscoin are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Teloscoin token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Teloscoin?
Transcendece combines an open-source, decentralized blockchain with several community projects like Games, merchant tools and more. TELOS Blockchain replaces a centralized financial system as present in ordinary nations.
The main goal is to combine different aspects of blockchain technology like proof of stake with proof of storage and AI driven solutions to offer a maximum of usability and community benefits as foundation of a universal basic I come experiment which finally lead to Project Nano a virtual Nation paying a UBI.
TELOS is part of the Transcendence Blockchain Project and the main decentralized coin. Users are able to generate TELOS through the process of staking or rubbing Masternodes. Soon the Alexandria protocol adds also Proof of Storage.
There are 167,399,820.60 TELOS in supply worldwide.
Pros and Cons of Teloscoin
Pros of Teloscoin
- There is a surge in the market price currently
- There is a community
- Contract on Binance Smart Chain
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Teloscoin
Cons of Teloscoin
- The coin is still under research and development
- Project whitepaper unavailable
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Teloscoin Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Teloscoin have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Teloscoin Safe?
Being willing to invest in any token is a question entirely up to you to answer. Teloscoin token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Teloscoin on the comment section below. Don’t forget to rate and leave Teloscoin a review.