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alex-brown

What is the benefit of storing TEL on the new

wallet app?

#cryptocurrency #english #tel #telcoin
0

5 ответов

8 просмотров
Jonny Telcoin (Will never DM you)-

It all depends on what you want to do with your tel. If you just want to hold them and then maybe trade them on a centralised exchange then there is no benefit. The Telcoin wallet is on polygon which is a side chain of eth, as a result tokens have to be migrated to the polygon network via the app. This means that when you hold tel in the wallet, the tokens are no longer erc20 so you can’t send to centralised exchanges which use erc20 tokens. The benefits of being on polygon are much faster transfers, lower fees and also the ability to use DEX’s like quickswap. Currently the v3 app is really about migrating to polygon, the ability to send remittances from Canada and the USA and also the ability to hold a selection of other polygon based crypto tokens. Future updates will allow users to do so much more and start to integrate TELx as well as many other things

0
08.11.2021
ViramDev-
Jonny Telcoin (Will never DM you)
It all depends on what you want to do with your te...

Sir I have hold my telcoin in MEW so it's OK or I want to swap into new token ? I mean if I hold my telcoin into MEW it's still valid because you said telcoin migrating polygon network. Pls sir help & guide I am a long-term holder

0
08.11.2021
Jonny Telcoin (Will never DM you)-
ViramDev
Sir I have hold my telcoin in MEW so it's OK or I ...

You don’t need to migrate your tel to polygon, only the Telcoin wallet uses polygon. If you want to keep your tel on MEW it is fine, you don’t have to do anything

0
08.11.2021
S-S
Jonny Telcoin (Will never DM you)
You don’t need to migrate your tel to polygon, onl...

How long this feature will be available? For example, if i keep my tokens in MEW and want to transfer to Telcoin wallet after 1 year, do i need to pay the gas fee for migration or will it e taken care by the Telcoin wallet?

0
08.11.2021
Jeroen-
Jonny Telcoin (Will never DM you)
You don’t need to migrate your tel to polygon, onl...

Is it then still possible to send it to exchanges like before?

0
08.11.2021

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