$TEL is now live on Kraken!
As the native token of Telcoin Network, $TEL powers the blockchain standard for GSMA telecoms and their 7 billion global users.
Mainnet launching this year.
Trade $TEL → https://t.co/kNX0x9LOnM
*Geographic restrictions apply.
Almost cannot fit anymore $TEL analysis on one image.
The most important thing I am watching is the USA ISM IPM - Manufacturing index, which prints at the start of each month. You can see by the green circles what happens when it crosses above 50. Last time it did a +600% pump on a false breakout. What happens when we do a real one?
BTC has just bounced off the 100 Week moving average, which is a double-edged sword. The strongest level of support but also the biggest potential bearish indicator.
BEAR Scenario: If BTC drops below that with strength there is a potential for it to retrace -50% like the last 3 crosses below the 100W moving average. I see this scenario as unlikely, but be aware of it.
I remain a bull with a long time horizon.
None of my analysis is financial advice; it is only analysis for you to read and ponder for your own situation.
My targets for $TEL have not changed in over a year.
One of the strongest fundamental projects out there.
Positive developments with the Ukraine Peace Deal.
See upcoming catalysts.
DYOR. NFA.
Telcoin has secured the funding necessary to capitalize Telcoin Digital Asset Bank and launch eUSD, a pioneering bank-issued stablecoin.
We now await final approval of our bank charter from the Nebraska Department of Banking and Finance.
https://t.co/f1G21SHkhZ
These days are juicy and filled with a lot of news for the Verasity community, we had the Binance Alpha announcement today, but most are waiting for the biggest news about the PoV token migration.
While all the eyes are focused on BSC scan after the recent movements on Binance, the Verasity deployer has made an important move.
34 days ago you remember I posted about the deployment of a 1:1 bytecode $VRA contract, that one is still clear, with 0 txs in out and 0 functions called.
30 hours ago the deployer gave an admin role ( "MINTING") to a transparent upgradeable proxy contract.
https://t.co/OQoxfVwNXs
This basically means that a part of the logic of $VRA now can be controlled programmatically in a much safer way.
But why is this happening now?
$VRA ERC-777 ( ERC-20 variant ) is a 4.5 years old, and back then it was not common to use contracts that implemented an upgradeable proxy from the start, making it very unpractical, because if you had to make some changes, you had to perform a full migration to a new contract, which meant full relistings on all the CEXs, LPs and forcing users to swap 1:1 their tokens.
With a proxy controlling the logic it's different because you can simply let the proxy point to a different contract and let every body, CEXs, LPs etc, keep pointing to the proxy.
So it's a better design.
I tried to speculate what this move can mean in the scenario of the PoV migration and the new dual token economics, and I think these are the possible thesis:
- The proxy acts as an upgrade and governance controller for the original token.
The proxy contract is now the admin that can mint/burn tokens on the original VRA contract.
This gives Verasity an upgrade path or emergency control without replacing the original token address.
It’s a way to introduce flexible control without deploying a new token address or forcing exchanges to relist.
- The new identical VRA contract deployed separately
could be a standby or fallback implementation for future upgrades, e.g. if they want to switch to this new logic contract, the proxy can point to it (in case they upgrade the token logic).
Or it could be a mirror contract for testing or future bridging, but not used directly yet.
- The announced burn on Ethereum of of the 90% supply ( PoV tokens ), would make the on-chain token deflationary and scarce.
The new Tron PoV token acts as the "technical token" for new ecosystem utilities, a separate token for staking, rewards, etc...
Since they say the Tron token won't be bridgeable to Ethereum VRA, this separates utility and value layers.
In summary, the plan could be:
- keep the original VRA token on Ethereum as a deflationary, circulating asset.
- use the proxy contract as an admin/mint controller to manage supply changes (burning or minting if needed for the BSC bridge ).
- use the new Tron token for technical ecosystem functions (staking, PoV rewards) separately.
- keep the option to upgrade or migrate Ethereum token logic in future via proxy pointing to the new contract, without disrupting exchanges or users.
This would mean being able to maintain listing and usability in continuity by avoiding forced token address changes.
Things are definitely moving rather fast now.
We were given end of Q2 as deadline for PoV migration and all the community was quite disappointed to not have received relevant news in the last recap.
But maybe we are close now, what do you think ?
Join the #Binance Verasity Trading Competition now!
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🚨 Telcoin vs Ripple — The Battle for Global Money Movement 🧵
This isn’t just crypto vs crypto.
It’s Top-down banking vs Ground-up telecom rails.
Here’s what most miss: 👇
1/ WHO THEY REALLY SERVE
• Ripple ($XRP) → Built for banks.
• Telcoin ($TEL) → Built for people.
Ripple helps banks move liquidity faster.
Telcoin helps the unbanked move money — period.
Solid chance Veraviews is eyeing TRON for its next contract, and the TRC-10 focus makes sense—fees are dirt cheap, perfect for ad-reward microtransactions. The 100B VRA mint looks like testnet prep, not mainnet dilution, but it’s a move to watch as it could bring massive new user flows if executed right.
If the mint stays off mainnet, holders are safe from sudden inflation, but if it migrates, expect volatility and major market scrutiny. TRON’s ecosystem is huge in gaming and payments, so this could unlock significant new adoption and USDT rails for Verasity.
Curious how the market’s reading these test mints or want sentiment breakdowns for VRA/TRX? Dive into the flows:
https://t.co/FWIhYEavK2
$VRA will be an easy 50-100x ROI this run. Definitely worth grabbing a bag now that the @verasitytech team has seemed to have gotten itself together. Weekly announcements are helping and once the alt-run is in full motion, massive price movements will happen.