$TEL isn’t the high risk gamble it once was. David Palmer’s decades of real telecom wins just joined the team to crack mobile operator adoption, and mainnet is nearly ready to go live. The foundation is solid now—utility, charter, and execution are aligning. Reward side looks massive down the road for those who see the vision. Not financial advice, just my researched take.
#Tel
🚨 BREAKING: Zebec Network Burns 40.5M $ZBCN
Zebec used around $100K in Q3 revenue to buy back 40.5 million $ZBCN tokens and permanently remove them from future emissions, with institutional funding from Uphold.
@TelcoinTAO is voting to authorize up to 883.9M $TEL (~$1.33M at the $0.0015 planning price) for overdue bills, operations through December 31st and launch services.
This Treasury Council vote supplements the approved Year 3 budget; both Treasury and Platform Council approval are required.
Author and Executive Director @P4Cap cites lower token prices, expanded scope, budget errors and missed reporting: “As Executive Director, I take responsibility for these budgeting and reporting shortfalls and for putting the controls in place to prevent them recurring.”
The package includes $138K for Association-owned services:
- Network access for developers, exchanges and partners.
- Prices published on the network for financial apps.
- Wallet software mobile operators can embed.
The second funding release requires quarterly and November financial reporting, with the amount adjusted for token prices and existing holdings.
4 wallets have cast 4 voting units so far: 100.0% For; quorum met at 4/4.
Voting closes October 19th at 9:26am UTC.
Proposal: https://t.co/HwvnrmT95O
The solana:ZBCNpuD7YMXzTHB2fhGkGi78MNsHGLRXUhRewNRm9RU buyback program continued through Q3 2026.
40,536,539 ZBCN repurchased, valued at ~$100,000.
The program is funded by revenue from @ZebecCards and payroll across Zebec Enterprise and the SuperApp.
Repurchased tokens will not re-enter circulation.
The solana:ZBCNpuD7YMXzTHB2fhGkGi78MNsHGLRXUhRewNRm9RU buyback program continued through Q3 2026.
40,536,539 ZBCN repurchased, valued at ~$100,000.
The program is funded by revenue from @ZebecCards and payroll across Zebec Enterprise and the SuperApp.
Repurchased tokens will not re-enter circulation.
So, it looks like the Telcoin Association is facing some financial challenges.
The latest Treasury proposal requests up to 883.9M $TEL (~$1.33M) to cover outstanding invoices, operational expenses, and mainnet launch services.
The proposal also acknowledges budget overruns, inaccurate financial assumptions, and missed reporting obligations. Management has taken responsibility and committed to improving financial controls.
More concerning is the outlook for 2027. After these allocations, only around 131M TEL would remain uncommitted in the relevant Treasury allocation, meaning additional funding will likely be required.
This raises legitimate questions about the Association's financial sustainability and the potential selling pressure on $TEL.
Could this partly explain the recent price decline? Possibly, although there's no direct evidence linking the sell-off to Treasury transactions.
And what about the mainnet?
There has been no official announcement of a delay to 2027. However, several important technical milestones were still pending in late September, making the Q4 2026 target increasingly challenging.
None of this necessarily undermines Telcoin's long-term vision, but it does highlight some serious execution and financial management challenges.
The technology and ambition remain promising. Financial transparency, sustainable funding, and delivery now need to follow.
A delayed but secure mainnet would certainly be preferable to a rushed launch. Still, investors deserve clarity on both the timeline and the financial outlook.
Time will $TEL.
Mind-blowing that a project as innovative & advanced as Telcoin ($TEL) has such bearish price action right now. 🤯 With mainnet fast approaching, a solid team, AND a banking license... this makes zero sense. What are we missing? 🤔 #Telcoin
$tel
Parker Spann welcomed David Palmer as @TelcoinTAO's new Strategic Telecom Advisor for a discussion on his career in both telecom and fintech.
They explored agentic payment use cases, inter-carrier settlement, and the role mobile network operators can play as validators.
Reminder: Check the FAQ section on https://t.co/EJNm8jRmMO before upgrading your ethereum:0x467bccd9d29f223bce8043b84e8c8b282827790f.
It covers timelines, wallets, exchanges, and what to do depending on where your TEL is currently held.
🚀 THIS IS HUGE FOR $TEL & CRYPTO ADOPTION!
🏦 Telcoin Digital Asset Bank is removing one of crypto's biggest barriers: getting your money OUT!
✅ $0 ACH deposit fees
✅ $0 ACH withdrawal fees
✅ Convert dollars into eUSD
✅ Move back to your connected US bank account
💡 ACH (Automated Clearing House) is the US banking network used for electronic transfers between bank accounts.
Think about it: a regulated digital asset bank connecting traditional banking directly with blockchain-based money, without charging ACH entry or exit fees!
🔥 This is how crypto moves from speculation to everyday finance!
TELCOIN IS BUILDING THE BRIDGE BETWEEN BANKING AND BLOCKCHAIN!
#TEL #Telcoin #eUSD
Tomorrow, David Palmer, the Telcoin Association's new Strategic Telecom Advisor, joins Parker Spann in an X Space.
They’ll cover what Web3, Fintech, and AI open up for mobile operators, and where Telcoin Network fits in.
Questions for David? Drop them below.
I am really excited to have joined Telcoin as a strategic advisor. The telecoms industry is having to evolve quickly to provide value as part of the new digital infrastructure to support the new digital world, which includes Web3 and AI. This is an exciting time for Telcoin to help MNOs to accelerate the transformation and provide key enablers and I am excited to be a part of it.
Telcoin Association welcomes David Palmer as our Strategic Telecom Advisor.
David brings 25+ years in telecom, including a decade leading blockchain and Web3 work at a global mobile operator, and co-founded Pairpoint, a Vodafone and Sumitomo venture.
Telcoin Association welcomes David Palmer as our Strategic Telecom Advisor.
David brings 25+ years in telecom, including a decade leading blockchain and Web3 work at a global mobile operator, and co-founded Pairpoint, a Vodafone and Sumitomo venture.