Miracle Tele Changing Telecom Narrative Fabric by Fabric
Why Blockchain-Based MVNO is a Big Deal
MVNO is a Big Deal
Mobile Virtual Network Operator (MVNO) is a subset of a cellular network provider who rent infrastructures from larger communication corps and sells out the same services to their own customers, under their brand name, however, using the network infrastructure of a third-party.
One of the many advantages of MVNOs are the cheap rates of phone bills — this includes both call and data rates, and how they tend to reduce the infrastructural overheads of larger mobile operators, thereby improving communication efficiency and cost of operation.
MVNOs are safer to invest in because they have lower investment commitment due to the fact that they do not have to build the overall communications infrastructures from scratch, and thereby are easy to patronize because of the cheaper services they provide compared to the parent network. This means they are likely to get more traffic, ideally, thereby reducing the time period for return on investments — more like a short to medium term investment opportunity with huge growth potentials.
Blockchain-Based MVNO Matters
Now, while the big deal about conventional MVNOs revolves around great service at a great price — which oftentimes is what most customers prefer, I mean, why pay a premium when you could get as good a service for a lesser price, right? But the downside of it is just that, they aren’t the big communication corps, and can’t afford some of the incentives those guys offer - the periodic promos, handset deals, lotto and other exciting perks that drive marketing. Moreover, the MVNOs don’t offer bundles — where your mobile phone and broadband plans can be a single package.
The main reason these retailers don’t go all in on extreme marketing and promos is to cut cost in their service delivery. Besides, their mode of operation makes it easier for them to transfer those ‘excesses’ into cheaper call rates and data plans.
Though there are many successful MVNOs out there, however, a blockchain-based MVNO is one with the perks of decentralized computing, and an incentivized economy which further facilitates the latent abilities of MVNO framework.
A project with great insight into transforming the MVNO industry and solving bureaucratic roaming challenges is the Czech-based blockchain-enabling MVNO Miracle Tele. The project, currently in its fundraising stages, promises to offer top-notch telecom services like nothing ever experienced in the industry, with an incentive model that works better than loyalty points offered on the open market. And with blockchain accelerating the rate of globalization, Miracle Tele is out to bridge the gaps in the international roaming industry.
Why Invest in Miracle Tele?
There are strong fundamentals on the side of Miracle Tele. As earlier stated, the platform is currently doing its crowdfunding — and soon to be closed; presenting an opportunity to be at the early development stages of the project with an already existing product and a functioning platform.
Current buy-in rates are cheaper — EUR 0.2 per TELE token. TELE token is the utility token for the platform which is used to pay for services such as call credits and data services. A recent newsletter discloses the token will list on some of the major cryptocurrency exchanges at a listing price of EUR 0.5 per TELE token.
More so, holders of the TELE token can choose to stack their tokens to earn bi-weekly rewards from 40% of the network's profits payable in either fiat or cryptocurrency.
The biweekly rewards have grown from around EUR 0.7 per 100 TELE to as high as EUR 3, which will most likely increase as the platform continues to expand.
Forthcoming developments will also see TELE token move from the Ethereum virtual environment to its own proprietary blockchain built on a new consensus called the Proof-of-Potential, thereby conveying more utility to the platform’s token once it switches to its native blockchain.
For the tech-savvy individuals, you can peruse the whitepaper for more detail information about the intended platform, its blockchain design, and consensus model. There’s also a great community with active moderators for quick customer support and inquiry.
