Blockchain based Mobile operator Miracle Tele to end its token sale on May 15th after raising $15.5 Million

Prague based mobile operator Miracle Tele is all set to end its token sale on May 15th.

Miracle Tele is a Blockchain based mobile operator that is hoping to disrupt the mobile network industry with its decentralized platform. The company plans to use Blockchain technology to allow users to create mini telecommunication networks which can provide network creators an additional revenue.

The company launched its product in late April last year and has been functional since offering customers worldwide calls at only €0.2 per minute and traffic from €0.01 per MB.

The users are rewarded with its own ERC20 TELE token every two weeks that equals 40% of the net profit of Miracle Tele divided among token holders. Till date, the network has reached over 100,000 registered users with over 20,000 active sim card users.

After eight months of a successful ICO (Initial Coin Offering), the company has decided to end its token sale on May 15th, 2019. They have raised $15.5 Million and have sold over 50,000,000 TELE tokens so far. The token is all set to hit the exchanges with an initial price of €0.50 per token.

Read the whitepaper Here.

Disclaimer: The above information is for information purposes only and does not constitute financial or investment advice in any shape or form.

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