Store, transfer, exchange their assets from Telcoin mobile applications and pay transaction fees, using the subsidiary levels of the Telcoin Platform as infrastructure.
Participants
Registered Users: According to rules determined and enforced by Developers, all individuals or corporations who have downloaded and fully registered their identity using a Telcoin mobile application may participate as TAN consumers.
Stakers: Stakers are natural consumers of Telcoin mobile application services.
Entry Requirements: In order to enter the role of staker, stakers must first be a registered (corporate or retail) user with access to a Telcoin mobile application.
Production, Harvesting, Governance: In order to participate in co-production processes alongside developers and other stakers, harvest issuance and fees, and participate in governance, all stakers must use a Telcoin mobile app.
Adoption Issuance Basis Formula: Additionally, the basis formula that determines the quantity of TEL issuance stakers may harvest is tied to the total transaction volume by the individual staker during the week.
Consumer Products: Activities, Benefits, and Technology Used
DeFi Products
Activity: Transacting across the Telcoin suite of DeFi products, such as decentralized cryptoasset exchange, paying fees on each transaction.
Example: A user trades 1,000 USDC for 1,000,000 TEL, paying 7.5 USDC in fees.
Benefits: Self-custodial, mobile access to the Telcoin suite of user-owned decentralized financial products at any time. The ability to trade cryptoassets at any time without relying on counterparties to match orders and custody assets.
Costs: Users pay fees each time they make a trade or other DeFi transaction.
Secure Self-Custody
Activity: Securely storing cryptoassets on the Telcoin Application.
Example: A user deposits 1,000,000 TEL to their Telcoin Application wallet and stores it there.
Benefits: Cryptographically-enforced, self-custodial private property rights over digital scarcity without having to store a private key off-chain.
Costs: Free
Transfers
Activity: Sending cryptoassets to other Telcoin users.
Example: A user sends 1,000 TEL to another user’s account.
Benefits: The ability to transfer assets peer to peer, instantly, at any time without relying on counter-parties.
Costs: Free, Applications pay gas fees for users.
Inclusion Issuance
Activity: Downloading the Telcoin App, registering with a staker’s referral link and claiming TEL issuance.
Example: A user downloads the Telcoin App, integrates an existing staker’s referral link, and claims 250 TEL.
Benefits: Income from TEL inclusion issuance, the ability to stake TEL without having to purchase it in order to participate as a staker and earn referral fees and adoption issuance.
Costs: Free
Technology Used
Telcoin Application: In order to access Application layer benefits, users must download and register on a Telcoin Application.
Mobile Phone: The Telcoin Application is available on iOS and Android mobile devices.
TEL and other cryptoassets: In order to trade cryptoassets, a user must custody them on their unique multi-signature wallet in the Telcoin Application.
Banking: In available countries, users can convert local fiat to local fiat-backed stablecoins.
Referral Link: In order to earn inclusion issuance, a new user must register with an existing staker’s referral link.