TELTLK Token Price Rises 303% In 2023 As App Struggles With Glitches

Key Takeaways:

• Teltlk is a firm that provides an instant messaging service with AI integration.
• The platform has a native namesake token TELTLK.

NEW DELHI (CoinChapter.com) — Teltlk coin is a lesser-known crypto project that aims to provide a “communication tool” that combines AI and instant messaging.

Considering the global hype around AI technology, Teltlk’s seemingly incognito presence seems surprising. A platform that allows users with different native languages to communicate without the need for a common language should have likely garnered more attention.

However, Teltlk token remains shrouded in mystery, with its native namesake token a bigger mystery.

Why TELTLK Token Could Be A Risky Investment

The TELTLK token launched on PancakeSwap on Dec 29, 2022, with an opening price of $0.000000000002528. TELTLK coin price has fared well since its launch, gaining nearly 304% to reach a daily high near $0.00000000001021 on July 27.

While it may seem a healthy gain for nearly seven months of trading, TELTLK’s tokenomics remain a mystery. The Teltlk website claims the app “was born for Web 3.0” but has no information about the platform’s whitepaper.

Furthermore, CoinMarketCap warns users that it has not verified the TELTLK token, and all data, including the TELTLK coin price, comes from the DEX on which the token is trading. Furthermore, per CoinMarketCap data, the token has a fully diluted value of, wait for it, $967.41.

Interestingly, the TELTLK coin has a total supply of 100 trillion tokens. Moreover, a security scan of the project by Goplus Labs stated they could not verify the TELTLK token contract’s source code.

Unsourced token contracts are likely to have malicious functions to defraud their users of their assets.

Goplus Labs warned users on CoinMarketCap

All these factors raise the question, “Is TELTLK legit?“

It might be difficult to pass judgment on the project’s authenticity, but given the lack of transparency, traders would be wise to remain wary of the project.

Teltlk App Also Has Issues

The legitimacy of the project became more questionable after several users pointed out various problems they faced with the platform.

One user noted a possible bug in the platform’s app. The complaints reached a level where Teltlk had to come up with a justification that it was “like a newborn baby.”

However, the firm promised that it would “eventually live up to expectations.”

The $TELTLK ticker has no results on X’s search page, highlighting the near-zero media presence of the token. Web 3.0 and the crypto sector thrive on transparency, which is why Teltlk’s secrecy raises many red flags.

Moreover, the platform has also faced access issues, with users reporting problems logging into the official website in June 2023. Furthermore, several fake TELTLK tokens are doing rounds in the market, with the platform warning users to be cautious.

CoinChapter reached out to Teltlk and crypto sleuth ZachXBT but did not receive any reply till the time of writing.

FAQs