Home / Crypto Currency / Blockchain Mobile Operator That Wants to Set New Standard and Tokenize Telecom Industry

Blockchain Mobile Operator That Wants to Set New Standard and Tokenize Telecom Industry


Advertisement

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

Founders of Miracle Tele—a Prague based mobile virtual network operator powered by Ethereum blockchain—believe that the conventional telecom service providers have long outlived themselves.

Andrew Burchik, the company’s founder, explains that currently fewer and fewer people look at their mobile phones simply as at a means of communications and claims that the new era of telecom services is coming where mobile operators will have to provide their customers an ultimate solution that would include free telco features, financial tools, and other services based on the use of emerging technologies.

Miracle Tele launched in late April and offers its members high-quality worldwide calls at only €0.2 per minute and traffic from €0.01 per MB, biweekly token holder rewards thanks to its proprietary ERC20 token named TELE, and a range of distinctive telecom features which, as Andrew told us, ‘every other mobile operator will offer to its customers in as early as five years from now on’.

Quality telecom services and token holder rewards

The company’s telecom services are available in 213 countries all over the world where Miracle Tele has signed contracts and agreements with local mobile operators that provide it with surplus call time and traffic, ensuring low rates and high quality of services.

As a rule, MVN operators have no additional costs like infrastructure development or branding—therefore making their operations cost-efficient and sustainable—and in case of Miracle Tele fusing their telecom services with blockchain technology and tokenizing the assets through a token sale seemed more than logical.

All holders of TELE, an ERC20 utility token, receive biweekly rewards that equal to 40% of the net profit of Miracle Tele divided between all token owners. Apart from adding a community element to the system, TELE token serves as a foundation for blockchain based solutions and tools that Miracle Tele plans to launch in the near future.

Ensuring privacy and getting rid of bureaucracy

One of the biggest bets that Miracle Tele made is on complete privacy and lack of bureaucracy for its users. Unlike most conventional mobile operators who ask for your ID upon purchase of a mobile plan, Miracle Tele does not require its members to verify their identity in order to purchase, activate, and use a SIM card.

Customers can sign up at Miracle Tele using only their email address and the whole registration procedure is very quick, taking just a couple of seconds.

The same way, ID verification is not necessary if a user wants to participate in the company’s token sale and purchase TELE tokens.

The future of the telecom industry

The idea behind the future of the telecom industry that Miracle Tele founder cherishes is about offering the customer complete privacy as well as freedom of access to information over the Internet and to financial tools via cryptocurrency.

Although currently such claim may sound too ambitious as there are still no similar offers on the telecom market, in the near future Miracle Tele promises to launch its proprietary wallet with integrated prepaid debit cards, VPN services that will come together with all SIM card plans, and smaller features like free messengers, one free website/service a month, free virtual numbers from any country, voice change, and so on.

And if we look a bit further into the future, the technology that Miracle Tele’s development team is particularly interested in is the Internet of Things (IoT), which can be used together with AI algorithms in order to extend the range of use cases of the company’s services by incorporating them into home automation systems.

Ongoing token sale

Miracle Tele began its token sale last month, during which the company plans to distribute 150,000,000 TELE at €0.1 per token. The duration of the token sale, which is not limited in time and will end when all available tokens are sold out, becomes yet another important conceptual distinction between the start-up and other crypto-related projects on the market.

Such format of the token sale has been adopted because Miracle Tele lets users choose either to use its telecom services as if it was a common mobile operator or tokenize their assets and purchase mobile plans using TELE tokens.

This way Miracle Tele protects itself from risks of closure as it usually happens with 90% of crypto projects who go for ICO but then disappear in less than a year because of technical inefficiency, misappropriation of funds, or lack of interest to their projects.

Read more

Check Also

IOTA Price Analysis: EOS, Litecoin, Lumens Open for Buyers

The accumulation in altcoins is bullish and shows the strength of underlying buy pressure. Therefore, with every decline in TRX, Litecoin, EOS and Stellar, savvy traders should find opportunity to buy with stops below immediate support. Let’s have a look at these charts: EOS Price Analysis Even with the widespread use of Bancor’s PEG Network that allow third party developers to integrate and create in-app autonomous trading and liquidity of any tradable digital assets. Besides this simple integration, users can create custom asset peg tokens, EOS is yet to recover. In fact, the accumulation of the last five days means our previous EOS trade plan stay the same unless there are sharp declines or revivals above $7. Needless to say, we expect the latter to be the case and that would be a breather for traders who have had to content with +80 percent drops of the EOS holdings. The reasoning is simple: EOS is moving inside Oct 15 high low. Because the bar is bullish and has high trading volumes, it’s likely that EOS bulls would have an upper hand. Litecoin Price Analysis That Litecoin stand a chance in the face of marauding bears is an understatement. Fundamentals as Litecoin core 0.17 and steadying of Bitcoin prices could contribute to resurgence but it’s more than that. From the chart it’s clear that the correction has been deep and even with that bears didn’t manage to break the $50 mark. In fact, it’s up roughly one percent in the last day. This is where LTC bulls are jumping in and yesterday’s rejection of lower lows attests to underlying bulls. As it has been the case, we maintain a neutral to bullish stand until after there are gains above $60 and $70 on the upside. This could provide the necessary impetus for further gains towards $90 and $110. Conversely, losses below $50 is a trigger that precipitates further losses towards $30. Stellar Lumens Price Analysis On a weekly basis, Stellar Lumens is up eight percent. Most notably though is the lack of momentum for prices to break and close above 25 cents, our minor resistance and bull trigger line. Moving on, yesterday’s doji means our last XLM trade plan is valid and until there are gains above 25 cents ushering in first catchers eyeing 30 cents, we shall retain a neutral to bullish outlook all thanks to Oct 15 price and market participation spikes. Similarly, losses below Oct 15 lows or 20 cents could see XLM sink to 8 cents further disillusioning the market. Tron Price Analysis The launch of TronBet, an on-chain gambling dApp has see TRX daily volumes eclipse that of Ethereum’s for the first time. As reported by NewsBTC, the game runs on top of the Tron blockchain and because of incessant demand, TRX related transactions stemming from the game topped 500,000 after being played over 10,000 times. What’s encouraging is the simple fact that Tron didn’t experience any down time because of its stellar throughput of 2,000 TPS. From the chart, we suggest risk-off traders to buy TRX at spot prices. This is so because of the long lower wick which signals demand in lower time frames. Then again, it’s steadying and the failure of sellers completely reverse Oct 15 gains points to underlying bulls. Alternatively, another loss risky route is to buy once there are gains above Sep highs or 3 cents as we align with previous TRX trade plans. First targets remain at 4 cents while drops below 2 cents bins this projection. IOTA Price Analysis As long as prices are consolidating as it is with IOTA, we retain a bearish stand. Backing this stand is the lack of price movements with the most notable being the failure of bulls to build enough momentum and reverse Oct 11 losses. Technically, this is bearish for IOTA but considering this year’s losses, it could as well be an ecstatic moment marking the end of a bear trend. That’s why we should stay neutral until there are gains above the minor resistance trend line and Oct 11 highs at 60 cents. Thereafter, traders can load up on dips with first targets at 90 cents in line with our previous IOTA price analysis. Conversely, losses below 50 cents affirm bears leading to losses towards 40 cents and even 30 cents for a 99 percent reversal of 2017 super gains. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post IOTA Price Analysis: EOS, Litecoin, Lumens Open for Buyers appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.