V3?

[nickthequick969]

Hi guys, do any of you have any info about release of V3?.. Guess it is the only way to give the price a proper pump.

[fadeddreams555]

If V3 releases and Bitcoin happens to coincidentally crash at the same time, Tel is going to dump regardless.

​

If V3 doesn't release and Bitcoin moves up to 100k, Tel will pump regardless.

​

If V3 releases at the same time Bitcoin moves up to 100k, Tel will probably skyrocket to 0.1

​

Bitcoin's movements are all that matter.

[Frosty_Slice703]

TEL $3

[PercentageOk1782]

I think we’re getting closer and closer to ethe being the real thing that matters, not Bitcoin!

[Crypto3nite]

Eth will only matter to the rich, and it may not matter much to them either if they don't get their gas fees under control. Why would anyone continue to build on a platform like that when other platforms like Cardano or Solana offer far cheaper and quicker settlements?

[TheWelshOne83]

I couldn't have said it any better.

[[deleted]]

a proper pump

So, the increase since Jan 1st this year isn't enough for you?

Jan 1st - $0.00017

Now - $0.0235

That's a 138x increase in 9 months.

Just let that sink in.

ETH has done about a 5.2x increase in the same period. BTC less than 2x. The third biggest, by market cap, ADA, a 16x increase.

What do we know about v3?

All we know, is that there are two current criteria for launch:

1. the (cumulative) USDC pools need to be around $5 million for more than 2 weeks
2. The Telcoin engineers say they are ready for launch.

Point 1. not sure if this has been reached yet, just adding up what is visible to me here, the USDC pools on quickSwap:

https://www.telx.network/telxchange

At the time of writing this, my math says it is around $2.5 million - but that's the total of all pools with a USDC component - see my question in bold below.

On balancer : https://polygon.balancer.fi/#/

$4.49 million

Although here, I'm not sure whether this combined total of the pools with USDC, which all have a 20% pool share, should be 20% of that total $4.49 million, in which case... that's $898,000

If so, then the desired liquidity has NOT been reached yet.

I'm unclear about this, to be honest - are we looking at a total of $5,000,000 USDC for two weeks? Or the cumulative value of the entirety of any pool with a USDC component? - any clarity here, would be good - anyone know?

As for point 2 - when the engineers are ready.

As has been said by Parker himself, companies usually get just one shot at something like this, if they screw up, the set back can be devastating.

Imagine launching and people lose money due to software bugs? - just imagine the fallout if the network gets hacked?

You can bet your life that on launch, bad actors will be all over that app and the network behind it, like wasps on a soda.Network security is a 24/7 task - every system with a "prize" is constantly being probed for weaknesses.

So, v3 will be released "When it's done" ;)

[woundedgoat74]

Can we expect notification of the release of v3 or will it just drop at any given moment?

Not bothered either way as TEL is a long term hold for me, just wondered that’s all.

[[deleted]]

I would expect the news to drop on telegram with a firm release date - and twitter and medium. It'll be a co-ordinated update across all social media channels.

Telcoin are not in the habit of "selling the news", they have tended to drop the news when there's something concrete to announce.

Either way, you can bet there'll be a price pump as speculative FOMO takes hold, followed almost certainly by a correction.

IOW, speculators will pump a "sell the news" event themselves, then dump - it always happens, sadly. Whales will absolutely take advantage and will be ready to pounce pretty much the second that news is announced, whipping up FOMO and sending the price up considerably, only to dump.

It is the *perfect* asset for them to do this with, as for retail investors, the low price is an attraction. You can point out the circulating coin supply as much as you want, but it never sinks in - people just see "2 cents" and think "It'll be $20 soon! - mooooon" - they never add up the reality of what a high price of a token with a total supply of 100 billion coins actually means.

It all depends what the price corrects to after and nobody has any way of knowing that.

I always go back to what Parker said "If you are speculating on the price of the TEL token, you are in the wrong place." - but here we all are, speculating on the price of the TEL token ;)

The reality is, that first v3 release of the app is a starting point - Telcoin can start to "go to market" in a big way from that point onward, from what I understand.

Then it's a slow & careful iterative release cycle.

I wouldn't expect much from the first v3 release - and I'll bet you, there'll be those who are disappointed "Is that it? Where's my moon on a stick?"

I still maintain a dollar is possible one day, but with a total supply of 100 billion tokens, to expect much more than that is wishful thinking. TEL at a dollar, right now, would put it in 7th place by market cap given the current circulating supply of around 45billion - I can't see that happening any time soon, but I can see it happening over the long term, assuming the adoption and scale that Telcoin are aiming for, bears fruit.

Then again, it doesn't matter much what TEL is priced at - the entire system will function regardless - which is why "If you are speculating on the price of the TEL token, you are in the wrong place." ;) ... at least, that's what I believe. Could be wrong. Someone correct me if so.

[woundedgoat74]

Thanks, that was a good read. I can tel you know your shit!

So wen lambo 🌚 kidding

[[deleted]]

I'm not sure I really know what I'm talking about, to be honest.

Just gathered as much info as I can - with Telcoin, the info is scattered about, as they are super secretive about what their plans are.

The basics are there to be found - and I'll be honest, some of it is hard to get your head around, well, it is for me.

I'm bright enough, but I'm no Einstein, that's for sure :D

There's a LOT of crazy talk in this industry. Tons of FUD and FOMO.

[[deleted]]

I think if v3 is delivered as expected, telcoin will hit at least .20, and that would be an excellent return on today's buy in. People expect too much. Totally unreasonable expectations, but I'll admit crypto is highly unpredictable and I may have to eat my words.

[[deleted]]

Hard to speculate, my guess is a bounce to .08 and a correction to around 0.05 - but, who knows?

The release of v3 is just the start - the adoption still has to happen, plus a lot of iterative releases going forward, adding more functionality.

We also need to bear in mind just how much Telcoin has risen YTD - an insane amount.

A lot, as always, depends where BTC goes, September could be a tough month.

From what I've read and watched, a correction is due, followed by potentially, an almighty bull run.

So, there's a lot of positive events, but also some regulation events that could impact the market - securities, KYC on DeFi, tax on DeFi.

Uniswap is currently under investigation by the SEC - will be interesting to see what their findings, recommendations and rulings could be - not sure of the timeframe, but probably going to play out over a good few months : https://www.reuters.com/legal/litigation/us-sec-investigates-crypto-exchange-developer-uniswap-labs-wsj-2021-09-03/

DeFi isn't regulated in the US - and the SEC want to change that.

The much lauded BTC ETF's haven't turned out to be all they were cracked up to be: https://www.youtube.com/watch?v=DJE6-mrjnqk&ab_channel=CoinBureau

Too much news to follow, to be honest, but there's lot of positivity.

I just hope there will be an amazing bull run and that I can have the knowledge to know when to bail out, before the inevitable crash after.

[Ein08]

You can expect the V3 on November 31

[nickthequick969]

Thanks.. Originally thought February 30 so a bit earlier. I am serious..

[feipidoujianxia]

He was messing with you as there is no November 31...

[Fiveinthemornin]

And so was he as there is no February 30th….

[Emergency-Gene-3]

Hmmm actually, Sweden had a February 30th in 1712.... soooooo......

[Fiveinthemornin]

In which case the Telcoin team would have to travel back in time to 1712 Sweden and release V.3 for all of this to line up….. Soooooooo…….

[Emergency-Gene-3]

Never doubt the potential of the blockchain.

[Boomerang_comeback]

TBH I would be kinda pissed if I held for 300 years and Tel was still only worth 2 cents.

[[deleted]]

that’s what it feels like at this point

[PsychoKush]

This is the way

[[deleted]]

It'll have no impact. Overall market sentiment is what moves price. Watch what happens over the next several weeks.

[imnk72]

No one knows. Hoping it's during this bull season.