TEL · a fixed-supply telecom payments token with no new issuance.
TEL is the native token of Telcoin, a mobile-money and DeFi platform on Polygon, Ethereum and the new Telcoin Network — ~95.08B circulating of a fixed 100B supply, with no protocol minting and a supply-neutral gas mechanism.
Sell pressure. None from the protocol. There is no minting above the cap, no vesting left to unlock and no dated treasury release in the window — validator rewards come from an existing reserve, not new TEL.
Buy pressure. None booked. The network gas mechanism destroys then equally re-issues TEL to the Treasury, so it is net supply-neutral — no true burn while throughput is still small.
Net. About 0% to market over the next 90 days — supply roughly flat on a hard 100B cap, with no new TEL entering or leaving the float.
TEL has a fixed 100B supply and mints no new tokens above that cap. Validator rewards on the Telcoin Network are paid out of the existing pre-minted Treasury reserve, not by creating new TEL, and the block-level gas mechanism destroys then equally reissues TEL to the Treasury, which is supply-neutral. Nothing here expands total supply.
Telcoin has no remaining team or investor cliff vesting. The pre-launch allocations were distributed years ago and roughly 95% of supply is already circulating, so no scheduled unlock cliff falls inside the window and nothing is waiting to vest into the float.
The TEL Treasury reserve — about 4.9B held back from circulating — and the 2026 governance budget of 900M TEL (320M to validators, 200M to TELx liquidity, 350M to launch operations, 30M to council) are the standing team-controlled overhang. The budget is spread across the year with no dated release, and the supply monitor shows circulating flat-to-down over the trailing 90 days, so no net discretionary release is observed inside the window. Tracked as scope, monitored.
No bankruptcy estate or court-ordered distribution applies to TEL.
Telcoin runs no programmatic open-market buyback of TEL. There is no contract or treasury programme accumulating TEL off the market, so nothing is booked here.
The Telcoin Network gas mechanism destroys a portion of TEL each block but then reissues an equal amount to the TEL Treasury, so it is net supply-neutral rather than a true burn. With the mainnet only just launching, network throughput is not yet large, and no net removal of TEL from total supply is observed in the window.
There is no discretionary open-market purchase programme. The Telcoin Association directs governance budgets into ecosystem incentives and operations, not into accumulating TEL. Monitored.
Staking TEL removes some tokens from free float, but no new fixed lockup with a disclosed amount fired inside the window, so nothing is booked as a separate offset here. Monitored.
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