Interactions and Outcomes

Interactions and Outcomes

Telcoin Network: Production and Consumption Activities and Benefits

Telcoin Network Validators secure blocks of transactions to the Telcoin Network blockchain, earning TEL fees.

Telcoin Platform Production and Consumption: Introduction

The following section first describes the factors that encompass all aspects of the material, social, and institutional environment which set the context for the various actors and user groups that produce and consume Telcoin Platform goods and service. We then provide a Platform-wide overview of the productive and consumptive interactions across the various user groups and sub-systems of the Telcoin Platform, and propose evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.

Contextual Factors

  • Telcoin Platform and TEL: Characteristics of the Telcoin Platform system and the TEL benefits it generates.
  • Attributes of the Actors: The attributes of the community of Telcoin Platform TEL Miners.
  • Governance System: The organizations and rules that structure and control TEL harvesting activities.

    • Telcoin Platform Production and Consumption: Interactions and Outcomes

  • Table Overview: The involved actors, the benefits they enjoy, the activities they undertake, using what technologies, the basis formula determining how benefits are calculated, and the infrastructure involved in the situation.
  • Evaluative Criteria: Criteria that may be used by miners or external observers to determine which aspects of the observed outcomes are deemed satisfactory and which aspects are in need of improvement.

    • Resource System: Telcoin Network

    The characteristics of the resource system involved in generating benefits. Telcoin Network is an EVM-compatible, public blockchain secured by GSMA Operator Member, Mobile Network Operators globally using proof of stake consensus. The system serves as underlying blockchain architecture securing private property rights over digital assets and enabling on-chain protocols and applications such as TELx.

    Telcoin Network: Sector, Infrastructure, Productivity

    Resource Units: TEL

    The characteristics of the units extracted from the Telcoin Platform that can then be used to consume platform services, held for later use, or used as an input in production, harvesting, governance, or exchanged for other goods or services.

    Telcoin Network: TEL Attributes

    Telcoin Actors: Attributes

    Validators

    Role: Blockchain Security
    GSMA Operator Member, mobile network operators (MNOs) who manage nodes on Telcoin Network, earn TEL gas fees and issuance from each time they secure a block to the blockchain, and participate with others in their Miner Group in governance.

  • Eligibility and Authorization Rules: All GSMA Operator Member, Mobile Network Operators members who are approved by the Compliance Council, stake TEL for proof-of-stake consensus and deploy, manage a node on Telcoin Network may participate as Validators.
    • Technology Used: Private technologies used by Validators to harvest TEL from Telcoin Network
    Infrastructure Involved: The Telcoin Network systems Validators interact with to produce, consume services and harvest TEL issuance.
  • Outcomes: Total number of validators, fees per block, total TEL burned, total users, total transaction volume.
  • Cost-Benefit Analysis: (Total costs to operate a full node + total fees earned + total TEL harvested)/time

    • Users

    Role: Transact using Telcoin Network blockspace, verify their ownership activity, and store their assets using Telcoin network.

    Participants, Eligibility and Authorization: Anyone with cryptoassets, an internet connection, and web3 wallet may transact using Telcoin Network.
    Activities, Benefits, Costs: Transacting cryptoassets using decentralized applications, protocols, and the blockchain generally, benefitting from self-custody, instant and affordable transaction processing, and automated, immutable record-keeping.
    Technology used: TEL, web3 wallet, internet connection
    Infrastructure involved: Telcoin Network

    The TAO

    Role: Construction and maintenance

    As authorized, directed and financed by the Platform and Treasury Councils, the TAO is responsible for maintaining existing infrastructure, constructing new systems including Telcoin Network, and coordinating with third-parties to produce and administer collective goods on behalf of the Telcoin Association.

    Telcoin Network Governance System: Attributes

    Platform and Treasury Councils

    Role: Governance and management

    The Platform and Treasury Councils, using the TELIP process, possess shared authority to set, enforce, and refine the rules for interacting with Telcoin Network, and they are responsible for providing improvements and for allocating TEL within Telcoin Network to be harvested by Validators according to those 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

    Interactions and Outcomes

    ActorsBenefitActivityFlow of BenefitsBasis
    ValidatorsIncome from blockchain transaction fees (“gas”)Stake TEL to participate in proof of stake consensus (PoS), operate a validator node to create and verify new blocks to the Telcoin Network blockchain.Earn gas fees, paid in TEL by users to transact using the network, from each block they secure to the Telcoin Network blockchain.
    		Base Fee: A portion of gas fees in each block are regenerated by Telcoin Network in equal quantity to the TEL Treasury.

    Priority Fee: Users can choose to pay an extra “fee” that increases the likelihood that their transaction is included in the next block.
    UsersThe ability to self-custody and transact digital assets at any time without relying on intermediaries.Transacting on the blockchain, paying gas fees in TEL.Blocks per second: 1 block every six seconds

    Transactions per second: 5,000    		Users pay gas fees based on the current gas price. valued by the market based on supply and demand.

    Outcomes

    Evaluative Criteria

    General Performance Indicators: Staked TEL, volume, fees, TEL burns, gas costs
    Sustainability: Can the quantity of TEL issuance units available to be harvested by Validators according to Telcoin Network Harvesting Rules sustain at current levels over time?
    Participation: How many Validators have staked TEL for validation and are actively producing blocks on the Telcoin Network?
    Proportional Equivalence: Are Telcoin Network harvesting rules suited to Telcoin Network conditions? Are the benefits obtained by Validators proportional to the amount of inputs required in the form of labor, material, or money?

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