Governance System
Governance System
Governance Organizations: Overview
Miners, acting as part of Miner Groups, within the broader Miner Assembly, acting through Miner Councils, constituted legally under the Telcoin Association, possess full power and control over and within Telcoin Platform governance.
Introduction: Telcoin Platform Governance Organizations
The follow section describes the capabilities and responsibilities of the various community-led organizations that operate collectively over, with, and within the Telcoin Platform governance system.
Governance Organizations: Summary
Miners, including Stakers, Developers, Liquidity Miners and Validators, collectively share power and control within the Telcoin Platform governance system, which they exercise as a part of their Miner Groups, within the broader Miner Assembly, acting through Miner Councils, and Constituted, represented, and protected legally by the Telcoin Association.
Telcoin Platform governance includes all of the following organizations:
Miner Groups and the Miner Assembly: Plural Community Interest Groups
Each of the four Telcoin Platform Miners (“Miner Groups”), including Stakers, Developers, Liquidity Miners, and Validators, represent a sub-group of the broader miner community with shared rights and interests in the Telcoin Platform. Each Miner Group represents distinct segments of the larger community, each possessing distinct interests, power, and role in the production and governance of the Telcoin Platform. Collectively, Miner Groups share full power and control over and within the Telcoin Platform governance system.
Miner Councils: Policy-making Organizations
Governance organizations, made up of elected officials from each Miner Group, that possess authority to set, enforce, and refine the operational rules for interacting with their jurisdiction and are required to perform duties towards providing and allocating collective goods within their domain of the Telcoin Platform and its governance system.
- Global Councils: Platform Council, Treasury Council
- Local Councils: TAN Council, TELx Council
- Special-purpose, Cross-jurisdictional Councils: Compliance Council
Telcoin Association: Legal Organizations
Entities with legal personhood that serve a function within Telcoin governance.
The TAO and others: Administration and Production units
Organizations that perform specialized, operational functions at the financing and direction of the Telcoin Association.
Telcoin Governance Organizations: Overview
Miners: Governance Overview
Miners, as part of Miner Groups, within the broader Miner Assembly, acting through Miner Councils, constituted legally under the Telcoin Association, possess the authority to:
Miner Groups
Overview
Stakers, Developers, Liquidity Miners, and Validators are the constituent interest groups or “Miner Groups” that vote as units to represent their distinct, functional interests, and, collectively, share full power and control over, with, and within the Telcoin Platform Governance System, including:
Collective-choice authority
Learn more about the collective-choice rules that structure these rights:
Collective-choice Rules: Overview
Council Member Selection Rules
Constitutional-choice authority
- Learn more about the constitutional-choice rules that structure these rights:
Constitutional-choice Rules: Overview
Telcoin Representative Improvement Proposal (TRIP) Rules
Miner Assembly
Overview
The Miner Assembly is a collective decision-making unit composed of the four Miner Groups, including Stakers, Developers, Liquidity Miners, Validators. A Miner Assembly is formed when all Miner Groups submit and vote on the same Telcoin Governance System Improvement Proposal (TGIP), which may be used to alter any aspect of the Telcoin Platform governance system.
Constitutional-choice authority
- Learn more about the constitutional-choice rules:
Constitutional-choice Rules: Overview
Telcoin Governance Improvement Process (TGIP)
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:
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:
- 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 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: 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)
Decision-making Processes, Authority and Duties
- TIP: Decision-making Rules
- Approval: 6/8
- Quorum: 100%
- Duration: 5 days
- 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
More Info
Platform Council
Treasury Council (4 members: balanced representation)
Decision-making Processes, Authority and Duties
- 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
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)
Decision-making Processes, Authority, and Duties
- TANIP: Decision-making Rules
- Approval: 5/6
- Quorum: 100%
- Duration: 5 days
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)
Decision-making Processes, Authority and Duties
- TELxIP: Decision-making Rules
- Approval: 5/6
- Quorum: 100%
- Duration: 5 days
Learn more about the TELx Council here:
TELx Council
Special-purpose, Cross-jurisdictional Councils
Compliance Council (4 members: balanced representation)
Decision-making Processes, Authority and Duties
- CCIP: Decision-making Rules
- Approval Rate: 3/4
- Quorum: 75%
- Duration: 72 hours to submit and veto an affirmed proposal.
Learn more about the Compliance Council here:
Compliance Council
The Telcoin Association
Overview
The Telcoin Association, a Swiss Verein domiciled in the Canton of Ticino in the City of Lugano, Switzerland, is the legal entity which enables and protects miners coming together to run the Telcoin Platform, legitimizes the community’s rights to organize and create, enforce their own rules for interacting with the Platform and each other with legal recognition and basis. The Verein is an Association of persons and/or entities coming together to facilitate a business or activity. It has minimal requirements as to formality, which allows for flexibility as the community evolves, but also provides necessary formality and legal status so that other persons will be able to interact with it and its limited liability structure enforced. An association business model has been around for a very long time and many international businesses use this for their operations. Switzerland’s Verein structure is well supported and recognized throughout the world. It is particularly well-suited for the varied needs of a decentralized organization and its participants.
Objectives: To wrap Telcoin governance in a legal association structure and empower the community of Telcoin Miners with:
Administration and Production Units
Miner Councils are “providers” of improvements. On the other hand, administration and production units are financed, authorized, and directed by Miner Councils and the Miner Assembly to construct, maintain and administer improvements on behalf of and at the direction of the Telcoin Association. Unlike Miner Groups, the Assembly, and Councils, who make rules, administration and production units implement and enforce rules that are made by the Telcoin Association.
Telcoin Association Operations UAB (TAO)
(5 members: Telcoin Holdings Pte. Ltd. selects all members in the first term)
- Governance: Facilitates governance activities,
- Agency, Coordination: Contracts and coordinates with third parties to implement proposals and maintain existing systems,
- Development: Produces and maintains code including the initial development of Telcoin Network and the ongoing maintenance of various other network components as directed by the Association,
- Administration: Takes on administrative and compliance tasks on behalf of the Association, and
- Ecosystem Development: Drives ecosystem development internal and external within and to the association.