Governance System

Governance System

Miner Councils: Overview

The Platform and Treasury Council govern platform-wide policies and the TEL Treasury, the TAN and TELx Councils govern their local networks, and the Compliance Council is responsible for compliance, legal and organization, conflict resolution, and actor authorizations.

Miner Councils: Overview

Miner Councils are policy-making organizations who represent their constituents’ interests in collective-choice processes that serve to set, enforce, and refine the rules for interacting with the Telcoin Platform, such as providing for improvements or allocating TEL issuance.

Miner Councils are:

  • Self-Organized by the Miner Community: Made up of Miner representatives or “Council Members” who are selected by Miner Groups in election and delegation ceremonies.
  • Multiple Centers of Authority: Includes global, local, and special-purpose, cross-jurisdictional Miner Councils that each possess authority over specific domains of the Telcoin Platform and its governance system.
  • Democratic, Policy-making Organizations: Participate in democratic, decision-making processes that set the operational rules for interacting with the Telcoin Platform and between each other in social processes.

    • Miner Councils: Policy-making Authority and Duties

    Miner Councils possess collective authority over the entire set of operational rules that structure interactions with the platform, and along with their authority comes certain duties they are required to perform within their domain. Their policy-making authority and duties can be distinguished into two categories:

  • TEL Allocation, Harvesting Authority and Duties
    • Allocation, Harvesting Authority: Set, enforce, and refine the rules for allocating and harvesting TEL from the Platform including the authorized activities, locations, technologies, the quantity of issuance allocated, and the basis for income.
    • Allocation, Harvesting Duties: Required to allocate, distribute the flow of TEL from the TEL Treasury or within their networks in line with the harvesting rules, and to enforce harvesting rules.
  • Provisioning Infrastructure, Info and other Collective Goods
    • Provisioning Authority: Set, enforce, and refine rules related to information and communication, financing, selection and coordination of production units, conflict-resolution, legal and organizational, and compliance.
    • Provisioning Duties: Plan, finance, coordinate the construction and maintenance of new and existing Platform components, provide information to miner constituency, resolve conflicts, authorize new participants into miner and council member positions, monitor and enforce governance and platform rules.

    • Miner Councils: Authority, Process, Decision-making Rules and Representation

    CouncilsRepresentationProcess, Domain of AuthorityDecision-making Rules
    Platform Council Platform Council
    · Members: 8
    · Representation: Balanced across all four Miner Groups.    		Telcoin Improvement Proposal (TIP)

    Platform-wide rules
    including communication and information, compliance, legal and organizational rules.    		Proposal Authority: Platform, Treasury, Compliance Councils, TAO

    Approval: 6 out of 8
    Quorum: 100%
    Duration: 120 hours
    Channel: telcoinplatformcouncil.eth
    Platform Council, Treasury CouncilPlatform Council
    · Members: 8
    · Representation: Balanced across all four Miner Groups.

    Treasury Council
    · Members: 4
    · Representation: Balanced across all four Miner Groups.

    		TEL Improvement Proposal (TELIP)

    Platform-wide rules
    that involve the TEL Treasury, TEL token contract, Telcoin Network, the Telcoin Association Constitution, and governance infrastructure.    		1. Platform Council: Must approve before submitting to the Treasury Council

    Approval: 6 out of 8
    Quorum: 100%
    Duration: 120 hours
    Channel: telcoinplatformcouncil.eth

    2. Treasury Council: Must vote after the Platform Council has affirmed.

    Approval: 4 out of 4
    Quorum: 100%
    Duration: 72 hours
    Channel: telcointreasurycouncil.eth
    TAN CouncilTAN Council
    · Members: 6
    · Representation:
    Stakers: 2 reps
    Developers: 2 reps
    Liquidity Miners: 1 rep
    Validators: 1 rep
    		Telcoin Application Network Improvement Proposal (TANIP)

    TAN operational rules including allocation, harvesting, planning and financing, information, communication.    		Proposal Authority: TAN Council, TAO

    Approval: 5 out of 6
    Quorum: 100%
    Duration: 120 hours
    Channel: telcointancouncil.eth
    TELx CouncilTELx Council
    · Members: 6
    · Representation:
    Stakers: 1 rep
    Developers: 1 reps
    Liquidity Miners: 3 reps
    Validators: 1 rep
    		TELx Improvement Proposal (TELxIP)

    TELx operational rules including allocation, harvesting, planning and financing, information, communication.    		Proposal Authority: TELx Council, TAO

    Approval: 5 out of 6
    Quorum: 100%
    Duration: 120 hours
    Channel: telxcouncil.eth
    Compliance CouncilCompliance Council
    · Members: 4
    · Representation: Balanced across all four Miner Groups.
    		Compliance Improvement Proposal (CCIP)

    Authority
    • Veto authority over all Miner Council proposals
    • Compliance,
    • Legal and Organizational,
    • Conflict Resolution,
    • Actor Authorizations    		Proposal Authority: TAO, Compliance Council

    Approval: 3 out of 4
    Quorum: 75%
    Duration: 72 hours
    Channel: telcoincompliancecouncil.eth

    Miner Councils: Provisioning Units

    Miner Councils are collective-choice provisioning units who create rules that serve to provide for (plan and finance) improvements to the Telcoin Platform system, allocate TEL issuance to be harvested, and regulate any number of operational activities within their jurisdictional domain.

    Separating Provisioning and Production

    Logically, politically, legally separate from “administration and production units,” such as the Telcoin Association Operations UAB (TAO) or any third-party who “constructs and/or maintains the system”, Miner Councils, through collective-choice improvement processes (e.g. TELIP), specify, finance, pay and coordinate with production units, who then maintain and construct improvements to the system at their direction and on their behalf.

    Global Councils

    Platform Council (8 members: balanced representation)

  • Description: Global, general-purpose governance organization with authority over and duties towards platform-wide systems and policies and, in cooperation with the Treasury Council, the TEL Treasury and token contract, governance infrastructure, Telcoin Network, and may alter the Telcoin Association Constitution.

    • Decision-making Processes, Authority and Duties

  • Telcoin Improvement Proposal (TIP): Accepts, develops, and votes on TIP proposals to determine system or platform-wide policies including maintenance, construction, communication, information, conflict resolution, compliance, and other general-purpose policies and associated improvements.
    • TIP: Decision-making Rules
      • Approval: 6/8
      • Quorum: 100%
      • Duration: 5 days
  • TEL Improvement Proposal (TELIP): Accepts develops, votes, and submits TELIP proposals to the Treasury Council to determine rules for the allocation, distribution of the TEL Treasury, the TEL token and redemption contracts, governance infrastructure, the Telcoin Association Constitution, and Telcoin Network rules and system improvements after the network goes live with 10 authorized Validators.
    • TELIP: Decision-making Rules
      • Platform Council votes
        • Approval: 6/8
        • Quorum: 100%
        • Duration: 5 days
      • Treasury Council votes
        • Approval: 4/4
        • Quorum: 100%
        • Duration: 3 days
  • Governance Channel: https://snapshot.org/#/telcoinplatformcouncil.eth

    • More Info

    Platform Council

     

    Treasury Council (4 members: balanced representation)

  • Description: Global governance organization with shared authority and duties towards voting for proposals involving the TEL Treasury and TEL token contract, governance infrastructure, and Telcoin Network.

    • Decision-making Processes, Authority and Duties

  • TEL Improvement Proposal (TELIP): Votes on TELIP proposals that regulate the primary TEL inventory and source of issuance, the TEL Treasury, including issuance, grants, other discretionary policies related to the Treasury and its inventory, the TEL token and redemption contracts, governance infrastructure, and Telcoin Network rules and system improvements after the network goes live with 10 authorized validators. Proposals must first be approved by the Platform Council before they can be voted on by the Treasury Council.
    • TELIP: Decision-making Rules
      • Platform Council votes
        • Approval: 6/8
        • Quorum: 100%
        • Duration: 5 days
      • Treasury Council votes
        • Approval: 4/4
        • Quorum: 100%
        • Duration: 3 days
  • Governance Channel: https://snapshot.org/#/telcointreasurycouncil.eth

    • Learn more about the Treasury Council here:

    Treasury Council

     

    Local Councils

    TAN Council (6 members: Stakers and Developers each select 2 representatives; Liquidity Miners and Validators each select 1 representative)

  • Description: Local Telcoin Application Network (TAN) governance organization with authority over and duties toward TAN operational rules, system health, and social well-being.

    • Decision-making Processes, Authority, and Duties

  • TAN Improvement Proposal (TANIP): Accepts, develops and votes on proposals to change or introduce new elements to the Telcoin Application Network, alter TAN harvesting rules, and is responsible for generally representing the interests of and informing their constituency in matters pertaining to the Telcoin Application Network.
    • TANIP: Decision-making Rules
      • Approval: 5/6
      • Quorum: 100%
      • Duration: 5 days
  • Governance Channel: https://snapshot.org/#/telcointancouncil.eth

    • Learn more about the TAN Council here:

    TAN Council

     

    TELx Council (6 members: Liquidity Miners select 3 representatives; Developers, Stakers, and Validators each select 1 representative)

  • Description: Local TELx governance organization with authority over and duties towards TELx operational rules, system health and social well-being.

    • Decision-making Processes, Authority and Duties

  • TELx Improvement Proposal (TELxIP): Accepts, develops and votes on proposals to change or introduce new elements to the TELx, to alterTELx harvesting rules, and is responsible for generally representing the interests of and informing their constituency in matters pertaining to TELx.
    • TELxIP: Decision-making Rules
      • Approval: 5/6
      • Quorum: 100%
      • Duration: 5 days
  • Governance Channel: https://snapshot.org/#/telxcouncil.eth

    • Learn more about the TELx Council here:

    TELx Council

    Special-purpose, Cross-jurisdictional Councils

    Compliance Council (4 members: balanced representation)

  • Description: Special-purpose governance organization that cooperates with Councils to ensure proposals are compliant; verifies, authorizes participants into miner and Council Member positions; monitors and sanctions Council Members who breach rules, has veto authority over all proposals for any applicable legal compliance; mediates disputes that may arise within or between ecosystem participants; represents the interests of the Telcoin Platform in any legal and organizational circumstance; actively supports positive legislation on behalf of the Telcoin Platform.

    • Decision-making Processes, Authority and Duties

  • Compliance Council Improvement Proposal (CCIP): Possesses veto authority over all proposals for any applicable legal or Association compliance, the authority to authorize prospective participants into positions, to develop conflict resolution and authorizations procedures.
    • CCIP: Decision-making Rules
      • Approval Rate: 3/4
      • Quorum: 75%
      • Duration: 72 hours to submit and veto an affirmed proposal.
  • Governance Channel: https://snapshot.org/#/telcoincompliancecouncil.eth

    • Learn more about the Compliance Council here:

    Compliance Council