TESlacoin (TES) represents one of crypto’s many cautionary tales—a now-defunct digital asset launched circa 2014-2015 with renewable energy aspirations. Initially employing a hybrid PoW/PoS consensus mechanism before switching to pure PoS, TES offered theoretical 7% staking rewards while its value ironically plummeted 98.32% to effectively zero ($0.0004). With anonymous developers, nonexistent liquidity, and scam allegations, this MIT-licensed ghost project continues its spectral existence on various wallets despite its terminal financial condition.
A cautionary tale etched in blockchain ledgers, TESlacoin represents one of cryptocurrency‘s more perplexing entries—a digital asset that exists in technical specification while effectively vanishing from practical value.
Digital ghosts of crypto past—technically alive yet practically worthless in the vast blockchain graveyard.
Launched either in 2014 or December 2015 (the discrepancy itself being rather telling), TES originated with a hybrid Proof-of-Work/Proof-of-Stake consensus model before shifting entirely to PoS, offering 7% annual staking rewards to those still maintaining wallets in this ghostly ecosystem.
The technical architecture appears sound on paper: a native blockchain sporting 30-second block times, multiple algorithms, and a maximum supply capped at 100 million TES coins.
Its open-source code remains accessible on GitHub under MIT license—a transparent framework for a seemingly opaque project.
Yet despite these foundational elements, TES has collapsed to effectively zero value across tracking platforms, with daily trading volumes that wouldn’t cover a decent espresso ($0.95 reported by one source).
Storage options theoretically exist across desktop applications like Electrum and Atomic Wallet, mobile options including Trust and Coinomi, and even hardware support via Ledger and Trezor—though one wonders why anyone would deploy military-grade security for an asset with no market value.
The project’s self-reported mission centers on supporting decentralized renewable energy initiatives, though no verifiable partnerships or implementations substantiate this claim.
The warning signs accumulate relentlessly: scam allegations from multiple sources, nonexistent liquidity, anonymous development team, regulatory question marks, and a catastrophic 98.32% price collapse.
While the project’s GitHub repository shows historical activity, current maintenance remains questionable at best.
Unlike legitimate tokens such as the theoretical Tesla Token which enables fractional ownership of Tesla stock through blockchain technology, TESlacoin appears to offer no genuine connection to the Elon Musk-led electric vehicle company.
For investors surveying the cryptocurrency landscape, TESlacoin serves less as an investment vehicle and more as a cautionary exhibit of speculative excess—a digital artifact that, despite technical specifications suggesting utility, has been effectively abandoned by markets and developers alike. The current price listed as £0.00 is shown for illustrative purposes only and may not reflect actual cryptocurrency values. The coin’s current USD valuation of $0.0004000000 further underscores its virtual worthlessness in today’s crypto ecosystem.
Those still holding TES might find their coins make better conversation pieces than portfolio assets, as both liquidity and adoption metrics paint a picture of terminal decline rather than nascent opportunity.
Frequently Asked Questions
How Does Teslacoin Differ From Other Cryptocurrencies?
TeslaCoin distinguishes itself through its pure Proof of Stake mechanism, eschewing the energy-intensive Proof of Work phase that plagues many competitors. With a swift 30-second block time and moderate 7% annual interest rate, TES positions itself in the renewable energy narrative—though these environmental claims remain conspicuously unverified. Its integrated automated trading platform (Evex Pro 3.0) further differentiates it, offering novice-friendly interfaces for trading major cryptocurrencies despite lingering questions about its institutional legitimacy.
What Security Measures Protect Teslacoin Transactions?
TeslaCoin transactions benefit from a robust security architecture combining hybrid Proof of Stake consensus (with its 30-second block time) and encrypted verification processes.
The platform deploys SSL encryption, mandatory 2FA, and transaction confirmation steps—table stakes in today’s crypto landscape.
What’s remarkable is TeslaCoin’s integration of dedicated brokers paired with trading bots that monitor for suspicious activities, while also offering hardware wallet compatibility for those (wisely) preferring to keep private keys offline.
Can Teslacoin Be Mined?
No, TeslaCoin can no longer be mined.
Originally launched with a hybrid consensus model incorporating both Proof of Work and Proof of Stake mechanisms, TeslaCoin has since switched exclusively to PoS after concluding its mining phase.
Investors seeking to participate in the network must now resort to staking their existing coins—a process that purportedly yields a 7% annual return.
This evolution (rather predictably) follows the path of many altcoins seeking energy efficiency and network stability.
Which Exchanges Currently List Teslacoin?
Based on available data, TeslaCoin (TES) appears to be listed on virtually no recognized exchanges.
The token shows negligible market activity with near-zero trading volumes (under $1 reported) and no verifiable market capitalization.
While some tracking platforms like CoinPaprika may display its price, TES lacks presence on mainstream platforms such as Coinbase.
Anyone seeking to acquire this obscure cryptocurrency would likely need to resort to peer-to-peer transactions or extremely niche platforms—assuming they exist at all.
What Is the Maximum Supply of Teslacoin?
TeslaCoin’s maximum supply presents a curious case of crypto ambiguity—sources report wildly divergent figures.
While official documentation allegedly cites 100 million TES as the hard cap, other reputable platforms either display no maximum (“–“), show zero (suggesting no predetermined limit), or report figures as low as 60.8 million.
Meanwhile, the circulating supply hovers consistently around 79.15 million across platforms.
This incongruity might reflect either poor information standardization or intentional tokenomics obscurity—sadly typical in altcoin ecosystems.
