Governance System
Governance System
Governance System
The Telcoin Platform governance system is the prevailing set of processes through which the rules shaping the behavior of miners within the Telcoin Platform and between each other are set and revised. Constituted, represented, and protected legally by the Telcoin Association, Telcoin Platform governance is a polycentric, democratic system of self-governance in which the four miners, through various organizations, share collective power and control.
The Telcoin Platform governance system refers to the processes through which collective decisions are made, implemented, interpreted and reformed for Telcoin Miners. Broadly, “governance determines who can do what to whom, and on whose authority.”
Review and click the below cards to learn more about the Telcoin Platform Governance System:
View Diagram
Policy Area
The Telcoin Platform governance system is a set of institutions tailored towards managing and governing human and technological interactions with the Telcoin Platform and the flows of TEL it generates.
Range of the Telcoin Governance System
The spatial areas of the Telcoin Platform which are under the jurisdiction of governance.
Population
The Miners, including Stakers, Developers, Liquidity Miners and Validators, are the primary population that participates in and is subject to the decisions made by Telcoin Platform governance system.
Regime Type
Telcoin Platform governance is a polycentric, democratic system in which four constituent Miner Groups elect officials to a diverse set of Miner Councils who each possess considerable autonomy to make and enforce rules within their own circumscribed domain of ...
Governance Organizations
Miners, including Stakers, Developers, Liquidity Miners and Validators, through various collective organizations, share full power and control in Telcoin Platform Governance.
Rules-in-Use: Overview
Formal rules (e.g. legal and platform rules) and norms (e.g. Association values) that shape interactions with the Telcoin Platform and govern social interactions between Telcoin stakeholders.
Operational-choice Rules
The operational-choice rules are the set of rules that structure day-to-day human and technological interactions with the Telcoin Platform and between miners in social processes, including TEL harvesting, maintenance, construction, communication rules, and oth...
Collective-choice Rules
The set of rules used to change the operational rules, including Council Member selection and
Constitutional-choice Rules
The set of rules used to set the terms and conditions of governance and certain positions at the collective-choice level.
Association Values
The Telcoin Association Constitution articulates a Mission, Vision, and set of Values to serve as a guidepost for the community to order its behavior towards a common cause, vision for the future, and set of ethical standards.
Property Rights System
Common Property Rights System: Unlike a private, public, or open-access ownership systems, the Telcoin Platform governance system is a common property system in which four distinct types of miners, as a part of a communal entity, share ownership over the Telco...
Network Structure
Four distinct types of miners, including developers, stakers, liquidity miners, and validators, produce, consume and harvest benefits horizontally across spatial areas of a nested structure of three blockchain infrastructure networks. The miners govern, manage...