The Telcoin team has indicated that they are unlikely to issue roadmaps that specify timelines. This is to maintain a competitive advantage in the industry. Instead, they give regular Community Updates, which, when read carefully, provide some ideas of what is to come. However, this requires the community to methodically engage with the Community Updates, a painstaking task that most community members do not do. As a result, some community members have ill-informed expectations, which lead to disappointment when not met.
To address the above challenges, I’ll take a brief look at the two most recent Community Updates and give my views on what can be expected from the Telcoin team in the coming months.
In the recent Community Updates, the Telcoin team sets at least three primary goals for the next few months. These are a) global expansion, b) integration of platforms and c) revenue generation. Looking closer at each of these, particularly on when they might take place, I expect a Q1 Telcoin Big Bang. Let’s look at each of these.
a) Global expansion.
In the Community Updates Volume 6, the team states that they are “preparing for global expansion by rapidly maturing our global operations and compliance teams and systems.” In this statement, three areas can be identified as fundamental to global expansion: operations, compliance, and systems. Regarding operations and compliance, the team has seen significant recruitments, including the appointment of David Stuart as VP Operations, who will oversee both operations and new market entry in the UK and Europe. The operations side will also see newly recruited Natsumi Bolton lead the Asia Regional Operations. Many other experts have joined the team to oversee global operations. Perhaps the area that has seen significant growth in personnel is compliance, where Tim Mahota has been appointed as the Chief Compliance Officer, leading a team of compliance experts worldwide.
By beefing up its global operation and compliance teams, it is clear that Telcoin is readying itself to expand its reach beyond the existing corridors. While most team members joined in the second half of 2021, a realistic expectation is that their work will be clearly seen from Q2 of 2022. My expectation, however, is that new corridors will soon be opened. In particular, I expect a US-Latin America corridor to be opened no later than Q2.
b) Integration of platforms
Global expansion, however, will rely on a reliable and efficient platform. This is perhaps where much attention has been, as reflected in Community Updates Volume 6 and 7. In Volume 6, the team states that "From January 2022 forward (e.g., V3.2+), we expect to have a version of the product that will be primed and ready for greatly increased marketing and deeper global scalability". There are a few takeaways here. Firstly, the team expects to release V3.2 sometime in January 2022. That said, it would be fair to say V3.2 will be released sometime, generally, in Q1. This is because V3.1 needs to be released first. Secondly, V3.2 will be primed for global expansion. Since V3.2 will be released in Q1, it is fair to expect much global expansion and marketing from Q2 onwards. It is possible to have these in Q1, but a realistic expectation would be Q2. Thirdly, the team mentions that V3.2 will be “primed and ready for greatly increased marketing." One expects, therefore that, V3.2 will be the driver for "greatly increased marketing." Again, this may take place in Q1; however, it does no harm to give the team up to Q2 to scale up its marketing. Allowing more time, could give the team a chance to ensure that all systems on V3.2 are ready before global expansion and marketing gains much steam. That said, there is a possibility of a Telcoin Big Bang in Q1, where everything could be launched provided that the new team members are ready to deliver in their respective portfolios.
What can one expect V3.2 to have given its importance for global expansion and marketing? The team has been relatively explicit about this issue. For example, in Community Updates Volume 6, the team states that “from V3.1 forward, TELx markets will be accessible from the Telcoin Application to form a suite of incentive-aligned, decentralized financial products — including TELxchange swaps and Send Money Smarter remittances”. This view is reiterated in Community Updates Volume 7, where the team states that, “When the application layer integrates with TELx, it will form a first of its kind suite of mobile-based, user-owned exchange products with TEL at the center as the primary medium of exchange, unit of account, and liquidity bridge asset.”.
Therefore, one expects TELx to be integrated into V3.1, which should be released early in Q1.
Regarding V3.2, the team indicates in Community Updates Volume 6 that “(from V3.2 forward we) will be focused on optimization as we engage new partners and enter additional geographies". In this regard, engaging new partners and entering additional geographies likely refers to remittances and new corridors. Perhaps it is for this reason that the team said, "From January 2022 forward (e.g., V3.2+), we expect to have a version of the product that will be primed and ready for greatly increased marketing and deeper global scalability”.
Therefore, one expects that V3.2 (released in Q1) will allow for the opening of new corridors for remittances and new partnerships, followed by significantly increased marketing, which will gain full momentum in Q2.
The team made an interesting statement in Community Updates Volume 7, saying, “as of Jan 1st, 2022, the remaining supply of TEL issuance will sit at 30B". I say this statement is interesting because, according to the Telcoin Issuance Model, there are 100 Billion Tel. Fifty billion (i.e., 50%) of these will be issued to "GSMA Member Mobile Network Operators (MNOs) who will earn an ongoing pro-rata percentage of weekly issuance based on how many blocks they secured during the week, their user's transaction volume, and activity.” Twenty percent will be issued to "MNOs, MMSPs, and DeFi protocols with live applications on Rivendell earn an ongoing pro-rata percentage of weekly issuance-based on their application usage during the period." The question then is, has the team started issuing TEL to MNOs, MMSPs, and DeFi protocols in the Rivendell Network?
Might we expect an announcement of Rivendell Network partner MNOs, through which the opening of new corridors for remittances and significantly increased marketing may occur? Now, that would be another Telcoin Big Bang. In my estimation, we will know more about this at the launch of V3.2.
c) Revenue generation
The third area that the team has highlighted is that "Telcoin's next phase will be heavily focused on revenue generation, and from V3.2 forward, we expect to begin generating serious revenue” (Community Updates Volume 6). The choice of words here is interesting: “heavily focused”; “serious revenue." Clearly, the team seems to have a clear objective and timing regarding revenue. Revenue generation is expected to increase significantly starting from V3.2 onward.
However, it is not clear how revenue will be measured or defined. There are various possibilities, including significant increase liquidity in the TELx markets, significant growth in remittances through the opening of new and profitable corridors, and marketing. Since these are ongoing projects, one expects that as a result of the Q1 Big Bang, they will gain much momentum late in Q1 to Q2.
Overall, based on the new team members recruited recently, one expects that corridors in South America, Africa, and South Asia will be opened soon after the release of V3,2, but certainly by Q2. Together with TELx, these corridors will lead to increase revenue generation.
Bottom line
Based on the analysis of Community Updates Volume 6 and 7, I do not doubt that 2022 will see Telcoin make significant progress. With the team that has been assembled, I expect a Telcoin Big Bang in Q1 - i.e., launching V3.1, V3.2, announcement of new corridors, resumption of global marketing, possible Rivendell partner announcements. From where I stand, Telcoin is primed to reach greater heights and possible challenge for a spot in the Top 50 cryptocurrencies.
BAAAANG! It’s gonna be BIG.
Very Nice!
I like it good read