Governance System

Governance System

Developers

Developers propose and vote in governance within their Miner Group based on their pro-rata share of TEL staked on TAN vs other Developers.

Developers: Governance Authority

Overview

As one of the four Miner Groups who collectively possess power within the Telcoin governance system, Developers can exert authority at all three levels of the Telcoin governance system, including at the constitutional level of analysis in which the terms and conditions of governance are set and refined, at the collective-choice level of analysis in which the rules structuring the day to day activities are set, and at the operational-choice level of analysis, where Developers produce and harvest benefits from Telcoin Application Network.

Developers: Political Power and Channel

  • Political Power: An individual developer’s proposal and voting power in governance is based on their pro-rata share of TEL staked on TAN by all registered Developers.
  • Governance Channel: https://snapshot.org/#/telcoinappvote.eth

    • Developers: Collective-choice authority and associated rules

  • Council Member Selection: Possess the right to select the following number of representatives to each Council.
    • Platform Council: 2 of 8 representatives
    • Treasury Council: 1 of 4 representatives
    • Compliance Council: 1 of 4 representatives
    • TAN Council: 2 of 6 representatives
    • TELx Council 1 of 6 representatives
  • Council Member Selection Rules
  • Council Member Participation: Possess the right to nominate themselves, be selected, and participate in Miner Council decision making processes that provide for, produce, and administer operational improvements and rules.

    • Developers: Constitutional-choice authority and associated rules

  • Altering the Governance System: Possess the right, as a part of the Miner Assembly and using the TGIP process, to alter the Telcoin governance system.
  • Representative Improvements: Possess the right, independent of other Miner Groups and using the TRIP process, to alter their representatives’ position titles, roles, responsibilities, nomination applications and selection criterion.

    • Developers: Operational-choice authority and associated rules

  • Develop mobile apps: Developers possess the right to stake TEL on TAN, develop Telcoin applications on the Telcoin Platform, earn transaction fees from customers, and harvest TEL issuance from TAN based on their user base’s adoption of the Telcoin Platform according to harvesting rules determined by the TAN Council.

    • Developers: Decision-making Rules

    Developers: Positions and Eligibility Rules

  • Proposal Authors: Submit proposals to the Developers governance channel for voting.
    • Attributes: All authorized developers and TAO members may submit proposals subject to the following conditions.
    • Conditions: A developer must have at least 2% of the total TEL staked by Developers on TAN and TAO members must possess a TAONFT to submit proposals.
  • Voters: Vote on proposals submitted to the Developer governance channel.
    • Attributes: All authorized developers may vote subject to the following conditions.
    • Conditions: A developer must have TEL staked on TAN at the time of the proposal to vote.

    • Developers: Proposal and Voting Rules

  • Political Power: An individual developer’s proposal and voting power in governance is based on their pro-rata share of TEL staked on TAN by all registered Developers at the time of each proposal.
  • Governance Channel: https://snapshot.org/#/telcoinappvote.eth
    • Collective-choice Rules: Council Member Selection Rules
      • Proposal Rules
        • Liquid Delegation Proposal Rules: Developers with 2% of political power and TAO members may submit liquid delegation proposals at anytime, as long as voting does not coincide with the week-long, annual election.
        • Election Proposal Rules: Once each year, the TAO is required to submit all eligible developer Council Member candidates, in separate proposals for each Miner Council, to the Developer governance channel for elections voting.
      • Voting Rules
        • Approval: Plurality, the candidate(s) with the most votes win.
        • Quorum: 20% of the total TEL staked by developers must participate in the vote, or else the TAO will substitute on behalf of developers until a Council Member is selected.
        • Duration: 7 days
    • Constitutional-choice Rules: TGIP, TRIP
      • Proposal Rules: Developers with 2% of TEL staked on TAN and TAO members may submit TRIP and TGIP proposals to the developer governance channel for voting at any time.
      • Voting Rules
        • Approval: 80% of all votes must be in favor of the proposal in order for it to pass.
        • Quorum: 20% of the total staked TEL balance by Developers must participate in the vote, or else it will be rejected.
        • Duration: 7 days