Interactions and Outcomes

Interactions and Outcomes

TEL Improvement Proposal (TELIP)

The process used by the Platform and Treasury Councils to set, enforce and refine the rules related to the TEL Treasury, Telcoin Network, governance infrastructure, the Telcoin Association, and all other platform-wide policies.

Overview

The following section describes the context and procedure encompassed by the TEL Improvement Proposal (TELIP), the process used by the Platform and Treasury Councils to set, enforce and refine the rules related to the TEL Treasury and token, Telcoin Network, and all other platform-wide policies.

TELIP Proposal Authors
TELIP Voters
TELIP Implementation units

TELIP: Authority and Decision-making Rules

CouncilsRepresentationProcess, Domain of AuthorityDecision-making Rules




Platform Council, Treasury Council		Platform 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
TELIP: Authority Rules

TELIP Process and Outcomes

  • TELIP Forum Proposal: Forum members submit a proposal to TELIP channel on the Telcoin forum.
  • Platform Council Proposal: A Platform Council, TAO member, or other designated author on the Platform Council snapshot page decides to submits the proposal to the Platform Council Snapshot for voting.
  • Platform Council Vote: The Platform Council must vote with 6/8 approval within 120 hours (5 days) from Platform Council snapshot proposal submission, or else the proposal will not pass.
    • Approval Rate: 6/8
    • Duration: 120 hours (5 days)
  • Treasury Council Proposal: After the TELIP has been affirmed by the Platform Council, the proposal author may submit the TELIP to the Treasury Council snapshot for voting.
  • Treasury Council Vote: The Treasury Council must vote with 4/4 approval within 120 hours (5 days) from Treasury Council snapshot proposal submission, or else the proposal will not pass.
    • Approval Rate: 4/4
    • Duration: 72 hours or 3 days
  • Compliance Council Veto Proposal: At any point during the TELIP voting process and within 72 hours after it has been affirmed by the Treasury Council, Compliance Council or TAO members may submit a veto proposal to the Compliance Council snapshot using the CCIP process.
  • Compliance Council Vote: The Compliance Council must vote to veto the proposal within 72 hours after it is approved by the Treasury Council, or else the proposal will be approved.
    • Approval (Veto) Rate: 3/4
    • Duration: 72 hours (3 days)
  • Implementation:
    • Off-Chain: The Platform Council, Treasury Council, or Compliance Council either implements the proposal itself or works with the TAO or other third parties to implement the update.
    • TEL Transfers: TEL is transferred from the Treasury Wallet to the intended address as a result of the affirmation of the proposal.
  • Documentation: The Proposal Author from the Platform Council coordinates with the TAO (or another administrator as determined by the Platform Council) to update Telcoin.org TELIP documentation.
    •  

    Outcomes

  • Approved by the Platform Council: The proposal author may submit the TELIP proposal to the Treasury Council snapshot for voting.
  • Rejected by the Platform Council: Council members who vote against a proposal or abstain must provide a rationale and changes that would be needed to pass a proposal.
  • Approved by the Treasury Council: The proposal will be automatically submitted to the Compliance Council guard for review.
  • Rejected by the Treasury Council: Treasury Council members who vote against or abstain from a proposal must share their rationale and constructive feedback with the proposal author when they submit their vote.
  • Veto by Compliance Council: The proposal will be vetoed. Compliance Council members who voted to veto the proposal must provide their rationale and constructive feedback at the time of the vote.
  • No Veto(Approved): If the Compliance Council fails to veto a proposal, it will be affirmed, implemented, and documented.

    • Evaluative Criteria

    Consistency with Shared Values: Is the proposed improvement consistent with the the Mission, Vision, Values defined in Article 4.1 (a-c) of the Telcoin Association Constitution?
    Feasibility: Technical, Economic, Financial, Legal, Political
    General Performance Indicators: Staked TEL, actors, volume, fees
    Sustainability: Can the quantity of TEL issuance units distributed from the TEL Treasury according to issuance distribution rules sustain at current levels over time?
    Participation: To what extent are (1) the community of miners and (2) the Platform, Treasury Councils and its members participating in co-production and deliberation processes?
    Economic Efficiency: How economically efficient is the proposed improvement as measured by the magnitude of the change in the flow of net benefits associated with an allocation or reallocation of resources?
    Legitimacy: Do miners view the deliberation process undertaken by the Platform and Treasury Councils related to a particular TELIP as legitimate?
    Proportional Equivalence: Are TEL Treasury distribution levels suitable to Platform conditions? Are the benefits obtained by miners proportional to the amount of inputs required in the form of labor, material, or money?
    Accountability: Are the Platform, Treasury Council and their members accountable to Miner Groups concerning the policies and rules they choose?