Governance System

Governance System

Platform Council

The Platform Council is a global, system-wide, general-purpose governance organization with authority over and duties towards platform-wide policies and, in cooperation with the Treasury Council, the TEL Treasury and token contract, Governance Infrastructure, and Telcoin Network.

Overview

The Platform Council is a general-purpose, system-wide governing body with authority to improve the Platform, regulate the flow of TEL issuance from the TEL treasury, and determine and enforce a wide-variety of system-wide rules.

Platform Council (8 members: balanced representation; 12 month term)

  • Overview: Accepts, develops and votes on TIP, TELIP proposals to change or introduce elements of the overall platform, proposes rules for distribution of issuance to the Treasury Council, coordinates developers, and otherwise acts in the best interest of the ecosystem.
    • Domain: TEL Treasury Inventory, Treasury storage and distribution facilities, communication, information, Intellectual property rights, governance infrastructure, Telcoin Network, and other system-wide components.
    • Policy Area: System-wide policies including maintenance, construction, communication, information, Treasury issuance, distribution, conflict resolution, compliance, and other general purpose policies and improvements. Telcoin Network harvesting rules after the network goes live with 10 authorized validators.
    • Decision-making rules and processes
      • Deliberation Processes: TIP, TELIP Proposals
      • Proposal Rules: All Platform Council members in possession of a PCNFT and TAO members may submit TIP, TELIP proposals to the Platform Council snapshot for voting, and may submit TELIP proposals to the Treasury Council snapshot after the proposal has been affirmed by the Platform Council.
      • Voting Rules: All Platform Council members in possession of a Platform Council NFT (1) may vote on TIP, TELIP proposals submitted to the Platform Council Snapshot, (2) and the Council must achieve a 6/8 approval rate with a 100% quorum within 120 hours to affirm the proposal.
        • Approval Rate: 6/8
        • Quorum: 100%
        • Duration: 120 hours
      • Proposal and Voting Location: Platform Council Snapshot

    • Platform Council: Authority, Duties, Activities, Benefits

    Authority

  • Independent Authority: As a collective unit and using the TIP process, the Platform Council possesses autonomous(independent) authority to improve Platform components, the rules that regulate interactions with the Platform and between relevant actors.
  • Bi-Cameral Authority: In cooperation with the Treasury Council and using the TELIP process, the Platform Council possesses the authority to provide for improvements to the system including Telcoin Network(after 10 authorized validators are producing blocks on the main Telcoin Network), regulate the flow of TEL issuance from the TEL treasury, and rules that regulate interactions with the Platform and between relevant actors that involve the TEL treasury.

    • Duties

    The Platform Council is required to (1) provision(plan, finance) and coordinate implementation of improvements to the Platform system, (2) regulate the flow of TEL issuance from the TEL Treasury (3) introduces, alters, and enforces Platform-wide operational rules including Treasury distribution, Telcoin Network harvesting, platform-wide information and communication, maintenance and construction (4) informs Miners of the activities and outcomes related to the overall Platform.

    Platform Council: Activities Overview

  • Telcoin Improvement Proposals (TIP): Using the TIP process, the Platform Council is permitted or required to undertake the following activities that do not involve the TEL Treasury. Learn more here:

      Telcoin Improvement Proposal (TIP)

    • Platform System Improvements: Plans for improvements to Platform-wide components that do not require financing.
      • Infrastructure: Add, remove, alter Platform components that do not involve the TEL Treasury inventory, storage, distribution facilities.
    • Platform-wide Rule-making and enforcement: Determines and enforces conflict-resolution, compliance, legal and organizational, communication and information, and maintenance and construction rules.
      • Maintenance and Construction Rules: Selects and coordinates with production units to implement improvements to the system.
      • Compliance: Improvements to the Telcoin compliance and legal regime.
      • Legal & Organizational: Structures legal and organizational structures to meet the needs of the Telcoin Association and its diversity of actors.
      • Intellectual Property: The Platform Council may authorize individuals to use Telcoin intellectual property including brands, logos, and trademarks.
      • Communication and Information Rules: Determine and enforce platform-wide communication rules for all Councils including what information should be communicated using what channels and when, and sets the agenda for meetings and schedules for recurring system-wide council meetings, notifies the Compliance Council when a Council Member misses a scheduled meeting.
  • TEL Improvement Proposals (TELIP): Using the TELIP process, in cooperation with the Treasury Council, the Platform Council is permitted or required to undertake the following activities that do involve the TEL Treasury. Learn more here:

      TEL Improvement Proposal (TELIP)

    • Platform and TEL System Improvements: Provides for (plans and finances) and coordinates improvements to the Platform.
      • Infrastructure: Plans, finances, and coordinates the addition, removal, and alteration of Platform components that do involve the TEL Treasury inventory, storage, distribution facilities, or components under the jurisdiction of network councils.
    • Telcoin Network Improvements: Provides for and improves Telcoin Network components
      • Infrastructure: May provide for improvements to Telcoin Network including altering existing and adding new Telcoin Network components (after the network has 10 authorized, validators producing blocks).
    • TEL Treasury Inventory, Storage and Distribution: Regulates and Distributes issuance from the TEL treasury
      • Regulate, Distribute TEL Inventory and Flows: Allocate and distribute TEL issuance from the TEL Treasury safe or other platform-wide safes to network council safes, alter Treasury storage and distribution facilities, and to finance operational activities by administrative personnel.
    • Platform-wide and TEL Treasury Rule-making and enforcement
      • Distribution Rules: Determine and enforce distribution rules from the TEL Treasury to network council safes, council members, and any distribution schedules and mechanisms originating from the TEL Treasury.
        • Platform Distribution Rules: link
      • Telcoin Network Harvesting Rules: After 10 authorized validators are producing blocks on Telcoin Network, determines and enforces (1) who can harvest (2) how much TEL issuance from Telcoin Network (3) based on what formula (4) by what means (4) using what technology (5) and the infrastructural mechanisms involved in the calculation and distribution of TEL issuance to miners.
      • Maintenance and Construction Rules: Selects, finances and coordinates with production units to implement improvements to the system.
  • Communication and Information-sharing: Schedules and attends recurring meetings, disseminates proposal updates, provisions and disseminates data & analytics.
    • Communication: All Platform Council Members are required to attend all recurring meetings, to keep their constituency and the broader Telcoin community apprised of all improvements to the system and flow of issuance, and changes to the operational-rules.
      • Recurring Meetings: Schedule recurring meetings at least every two weeks, set the agenda for each each meeting, and attend all system-wide Council meetings, or else after missing more than one meeting the Compliance Council may instruct the TAO to revoke the absent member’s NFT and vote on behalf of their constituency until a replacement is found.
      • Proposal Updates: Proposal authors are required to (1) update the Telcoin community each time a TIP or TELIP proposal has been submitted to a Council for voting, (2) inform of the outcome of a Council vote, (3) inform the community of the status and progress of proposals in the implementation phase including when it has been implemented.
    • Information-sharing: The Platform Council is required to provide for the construction and maintenance of data and analytics systems that deliver real time and historical data relevant to the Platform, and must analyze and update the community periodically based on historical activities and outcomes.
      • Data Analytics Systems: The Platform Council is required to provide for the construction and maintenance of data analytics systems that deliver real time and historical data relevant to the Platform.
      • Data Analysis & Updates: The Platform Council is required to provide updates to the community pertaining to the overall economic health of the Platform as a production system.

    • Forbidden Actions

  • Violating Telcoin’s mission, vision, values, and code of general conduct.

    • Platform Council: Benefits Overview

    Upon selection and subsequent transfer of a governance NFT to their wallet address, Platform Council members possessing a PCNFT are streamed a flow of 2,272,727.273 TEL annually on a per block basis to their wallet.

    Platform Council: Technologies used

    Platform Council members use the following private technologies to exercise their authority.

  • TEL
    • Description: Council members must use TEL as an input in production processes, as a private technology for harvesting TEL issuance, and as a private technology used to vote for Council members.
  • Web3 Wallet
    • Description: Council members must use a web3 wallet to conduct their voting activities.

    • Infrastructure involved

    The following infrastructural components of the platform enable the Platform Council to perform its activities.

  • Platform Council Snapshot: https://snapshot.org/#/telcoinplatformcouncil.eth
    • Description: The governance mechanism used by Council members to propose and vote on TIP, TELIP proposals.
  • Treasury Council Snapshot: https://snapshot.org/#/telcointreasurycouncil.eth
    • Description: The governance mechanism used by Platform Council members to propose TELIP proposals to the Treasury Council after they have already been affirmed by the Platform Council.
  • Platform Council NFT (PCNFT)
    • Description: Platform Council members are transferred a PCNFT upon selection by Miner Groups, conferring them proposal and voting authority over their domain and a flow of council member issuance.
    • Link to Contract: 0x9D5Ba103122bcbcd1A2868461Ab66Da5d98009Bf
  • Discord
    • Description: The communications channel used by members to deliberate proposals with and communicate proposal updates to the community.
  • Telcoin Forum:
    • Description: Communication channel used to submit and deliberate forum proposals prior to formal voting procedures.
  • Telcoin Documentation:
    • Description: Information channel used to document the Telcoin Platform, TEL issuance, Actors, Governance System, and the resulting interactions and outcomes between those components.

    • Platform Council Members: Selection, Authorization, Representation and Roles

    Council Member Selection

    Each miner group selects other individual or corporate miners into Council Member positions in on-going liquid delegation and periodic election processes. Council members must nominate themselves to the relevant Council forum channel using the proper format to be considered, and, if selected, are transferred a Council NFT conferring them proposal and voting authority over their Miner Council Snapshot and a stream of council member issuance in TEL.

    Council Member Authorization

    Council Members must submit a compliant Council Member authorization form to the Compliance Council within 1 month of being selected to a Council, or else the Compliance Council will instruct the TAO to revoke their NFT and vote on their behalf.

    Council Members: Representation and Special Duties

    Council Members are assigned duties based on the specialization of their constituency(”miner group”). These special duties are as follows can be altered at any time by Miner Groups in constitutional-choice processes, and are in addition to, not a replacement for, duties required by each Council as a collective body.

  • Staker Representatives (2): Represent the interests of, communicate with, and inform Stakers in on-going decision-making processes and day to day activities and outcomes. Stakers may vote to add/alter special duties and overall operational responsibilities required by their delegates at any time.
    • Specialization: Marketing and Education
    • Special Duties:
      • Marketing: Responsible for the research, design, and implementation of platform-wide marketing initiatives, systems, and processes.
      • Education: Responsible for the research, design, and implementation of platform-wide education initiatives, systems, and processes.
  • Developer Representatives (2): Represent the interests of, communicate with, and inform Developers in on-going decision-making processes and day to day activities and outcomes. Developers may vote to add/alter special duties and overall operational responsibilities required by their delegates at any time.
    • Specialization: Product, Data and Information
    • Special Duties:
      • Product: Responsible for designing, proposing, implementing new products and associated production systems.
      • Data & Information: Responsible for analyzing, implementing and administering information systems for the broader Telcoin community including Telcoin.org documentation and data analytics.
  • Liquidity Miner Representatives (2): Represent the interests of, communicate with, and inform Liquidity Miners in on-going decision-making processes and day to day activities and outcomes. Liquidity Miners may vote to add/alter special duties and overall operational responsibilities required by their delegates at any time.
    • Specialization: Communication and Ecosystem Development
    • Special Duties:
      • Communication: Responsible for sharing information related to TIP, TELIP proposals on social media and communication channels including the Telcoin forum and Discord and scheduling Miner Council meetings.
      • Ecosystem Development: Responsible for interfacing with the broader crypto ecosystem in order to drive alignment and adoption. (E.g. crypto exchanges, crypto communities)
  • Validator Representatives (2): Represent the interests of, communicate with, and inform Validators and the TAO in on-going decision-making processes and day to day activities and outcomes. Validators (TAO in the interim) may vote to add/alter special duties and overall operational responsibilities required by their delegates at any time.
    • Specialization: Production coordination and Governance
    • Special Duties:
      • Production Coordination: Responsible for coordinating with the TAO and other third parties to implement TIP and TELIP proposals.
      • Infrastructure: Responsible for analyzing existing and alternative technologies in order to improve existing systems and processes.