Recent years have witnessed a significant transition in the telecommunication industry. The sector has undergone essential change with the shift from ISDN to SIP trunks, increase in the number of mobile virtual network operators, the launch of SD-WAN and the gradual influences to kick start the operation 5G networks. All these positive factors have somehow contributed to the surge of the multi-million industry today.
In today’s report, we are going explore more on the first-ever Mobile virtual network operator (MVNO) powered by the blockchain, its business model and how it seeks to utilize the Ethereum blockchain in its telecom ecosystem and the services it has to offer the demanding consumers in the telecommunication sector and the cryptocurrency community as a whole.
What is a Mobile Virtual Network Operator (MVNO)
MVNOs are wireless communication service providers that in some sense do not own the network infrastructure (eg. Mobile switching centers, base transceiver station, radio access networks, etc.) they use in rendering telecom services to its customers. This is what really happens; in most cases, the MVNO goes into strategic partnerships with local mobile network operators in order to acquire network services at wholesale rates and then sells at a markup rate to its personal customers.
Throughout the entire process, the MVNO acts as an autonomous entity which allows it to set its own price structure in reference to what is being charged by the mobile network operators. In addition, they also have the capability of deploying and managing its own payment systems, customer service personnel, and other things needed in business operations.
MVNO can also be categorized based on their business model, and some of which may include business MVNOs which render telecom services to business, MVNOs that are focused on providing calls at lower rates, advertising-funded MVNOs, and several others.
M!racle Tele – The Blockchain-based Mobile Virtual Network Operator
Miracle Tele is the first ever mobile virtual network operator with a working system and powered by the Ethereum blockchain to tokenize its assets. The company currently provides call and browsing services to its active consumers in over 160+ countries with the plan of expanding to other parts of the world. Having one of the lowest rates for calls and traffic, these services are possible thanks to the issuance of the miracle tele SIM card to clients and also plays an important role in the telecom ecosystem. Users who are interested to use these amazing services will have to go through a swift and undemanding process to order a SIM. The miracle tele online platform grants users access to their dashboard with other functionalities like managing assets, purchasing and staking your tokens, activating and topping up your SIM card, etc.
Miracle Tele charges a flat rate of €0.2/minute from the call party for all worldwide outgoing calls, which traffic rate starting from €0,007/MB depending on the user’s geographical location. The SIM cards are delivered to your doorstep worldwide and have the capability of receiving incoming text messages, ordering multiple international virtual numbers, and other featured to be incorporated in the coming years.
The Ethereum blockchain has made it possible for Miracle Tele to tokenize their asset by deploying the TELE token on the Ethereum network. The TELE is an ERC-20 utility token that could be purchased on their online platform with cryptos (BTC, ETH) and fiat. Token holders are entitled to receive a bi-weekly reward by staking their TELE on the platform and also using their tokens to pay for services offered by Miracle Tele.
In the subsequent years, Miracle Tele will be creating its own blockchain to facilitate and improve its workflow structure, state of the art communication tool and introducing interesting value-added services. The blockchain will provide a real-time and swift update of activities in a user’s account, promote decentralization and transparency in the ecosystem and support the integration of communication, better reward programs and value-added services (eg. Prepaid debit cryptocurrency cards, cloud storage, multimedia capabilities, etc.)
The years ahead for Miracle Tele
There will be more development update from Miracle Tele such as mobile applications for easy access to services and management of an account, development of a proprietary wallet, increase of user base through mass marketing and advertising, launching campaign to foster the adoption of TELE token a recognized mode of payment in the telecom industry and a whole lot of interesting value-added services.
Be reminded that, stage 3 of the TELE token sale is underway. Become part of the early birds and grab your cut of the company’s 40% income they share with the community every two weeks!
Links
Website: https://miracletele.com/
Facebook: https://www.facebook.com/MiracleTele/
Whitepaper: https://miracletele.com/files/whitepaper.pdf
Bitcointalk Username: thinkright
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2328259