Miners
TELx
Participants, Eligibility, and Authorization
Anyone with cryptoassets, an internet connection, and web3 wallet may transact using TELx markets.
Activities & Benefits
Transacting cryptoassets at any time using decentralized systems, storing cryptoassets using self-custody without relying on third party custodians to secure their property.
- Activity: Traders transact their cryptoassets using TELx liquidity pools, paying fees to the liquidity pool they utilize each time they make a transaction.
- Example: A user trades USDC for TEL on the TEL/USDC liquidity pool on Quickswap, paying a swap fee in USDC to the liquidity pool.
- Benefits: The ability to trade TELx cryptoassets at any time, automatically, without relying on third parties to custody or match orders.
- Costs: Users pay fees(or, theoretically, interest on money markets) each time they transact with TELx markets.
Technology used
TEL, TELx assets, gas tokens, liquidity provider tokens, web3 wallet, internet connection.
- TEL: TEL is the primary liquidity pair in most TELx markets and is therefore used in some form to access liquidity pools.
- TELx assets: Traders swap their existing assets for other TELx-approved pool assets.
- Gas Tokens: Users need TEL or other governance approved gas tokens in order to pay gas fees and have their transactions included in a block and secured to the blockchain by validators.
- Web3 Wallet: Users need an EVM-compatible wallet to securely store and transact assets using their public-private key pair.
- Internet Connection: Users need an internet connection to access the Telcoin Network and its benefits.
Infrastructure involved
TELx marketplace, Telcoin Network
- Marketplace: A diverse network of decentralized exchange liquidity pools across three DeFi protocols- Balancer, Quickswap, and DFX.
- Telcoin Network: Underlying blockchain architecture securing private property rights over digital assets and enabling on-chain protocols and applications such as TELx.
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