TEL · nothing can be minted, so the only supply lever is a treasury that votes once a year.
TEL is the token of Telcoin, a mobile remittance and banking platform run by the Telcoin Association. It is a fixed-supply token, minted in full on Ethereum and bridged to Polygon — hard-capped at 100B, with about 98.6B already counted as circulating.
Sell pressure. ~221.9M TEL a quarter — not newly created, but released from the association's pre-minted treasury under a 900M spending plan approved for 2026.
Buy pressure. 0. Nothing buys TEL back and nothing burns it. Staking holds tokens but lets holders leave whenever they want, so it takes nothing off the market.
No new TEL can be created. The whole 100 billion supply was minted at launch in 2017 and the token contract has no working mint. We read the supply straight off the chain at the start and the end of the quarter and it was the same number both times, to the unit. Validator rewards on Telcoin's own network are paid out of pre-minted reserve, so they belong to the treasury row below, not here.
There is no unlock calendar left to run. The 2017 sale and the team's share were released over the years after launch, and no dated cliff sits inside this window. The only recurring release today is the yearly treasury vote described next, which is a decision rather than a schedule.
This is the whole story of TEL's supply. The Telcoin Association votes once a year on how much of its pre-minted treasury to spend, and the 2026 allocation approved in May commits 900M TEL to validator incentives, liquidity mining, operations and council pay. Spread over 90 days that is the figure shown. It is corroborated on-chain: an association-linked safe on Polygon fell from 331.8M to 83.3M TEL across this window in four transfers between Jul 16 2026 and Aug 4 2026. Three overhangs are tracked behind it — the treasury reserve itself (about 1.4B TEL sits outside the market on current classification, against about 8.1B the association's own 2026 filing counted before this year's draw), the council safes that hold each tranche before it is paid out, and the staking contract on Polygon that holds about 4.2B TEL in free-exit custody rather than a lock.
No estate, no trustee distribution and no court-ordered sale touches TEL. Nothing here.
Telcoin buys back nothing. No treasury programme and no protocol contract purchases TEL on a set schedule, and nothing else on the ledger stands in for one. Governance could add one, so this stays watched.
TEL is never destroyed. Telcoin's own network is designed to destroy part of each block's gas and immediately recreate the same amount for the treasury, which cancels out to nothing — and that network is not live yet. The burn addresses on both chains we track held exactly the same balance at the start and the end of the quarter.
No dated treasury purchase of TEL landed inside the window. No public evidence of release in window — monitored.
Staking looks like a lock but is not one. The staking contract on Polygon did grow by about 369M TEL this quarter, yet holders can withdraw whenever they choose — that is custody, not supply taken off the market, so it earns no credit here. It is tracked as an overhang on the treasury row instead.