Interactions and Outcomes
Interactions and Outcomes
TAN: TEL Harvesting Activities and Benefits
TEL harvesting levels of the various users and groups on Telcoin Application Network and the outcomes they generate.
TAN: TEL Harvesting Activities 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 to harvest TEL from TAN. We then provide a descriptive analysis of TEL harvesting levels across the various user groups, and propose evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.
Contextual Factors
TAN: TEL Harvesting Interactions and Outcomes
TAN Governance System: Relationship to Harvesting Activities
The TAN Council sets, enforces, and refines the day to day operational rules for interacting with the Telcoin Application Network rules, including setting TEL harvesting rules. The TAO, the Telcoin Association’s wholly-owned production and administration unit, services to produce and administer collective goods at the direction and financing of the Association and all of its Miner Councils.
TAN Council: Authority, and Decision-making Rules
TAN Council governs TAN harvesting rules using the TANIP process. The Platform and Treasury Council use the TELIP process to govern TEL Treasury distribution rules, which dictates the TEL available to be harvested on TAN.
| Council | Representation | Process, Domain of Authority | Decision-making Rules |
|---|---|---|---|
TAN Council | TAN Council · Members: 6 · Representation: Stakers: 2 reps Developers: 2 reps Liquidity Miners: 1 rep Validators: 1 rep | Telcoin Application Network Improvement Proposal (”TANIP”) TAN operational rules including allocation, harvesting, planning and financing, information, communication. | Proposal Authority: TAN Council, TAO Approval: 5 out of 6 Quorum: 100% Duration: 120 hours Channel: telcointancouncil.eth |
TAN: TEL Harvesting Rules
Merchant and Retail Stakers and Developers stake TEL, produce Platform adoption and mobile apps respectively, and each harvest 333.33M TEL from TAN in year one at a rate of 6.41M TEL per week according to rules that are set, enforced, and refined by the TAN Council and self-execute in code built into the system itself.
TAN: TEL Harvesting Interactions
| Miner | TEL Harvesting Activities | Participants | Y1 TEL Allocation | Basis formula for income | Maximum TEL Rewards |
|---|---|---|---|---|---|
| Developers | TAN: Mobile application development Produce mobile apps which integrate with the Telcoin Platform and securely connect users to its services. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | All GSMA members located in non-sanctioned jurisdictions who are approved by the Compliance Council using the CCIP process, stake TEL on TAN, and deploy a compliant Telcoin mobile application may participate as a Developer. | Total: 166.66M Flow: 3.2M per week | Pro-rata share of their mobile application’s (referral fees + TELx exchange fees + Telcoin Network gas fees paid by user base) vs other developers each week. | Developers may mine their accrued weekly issuance if their: staked TEL balance > lifetime TEL issuance harvested plus TEL issuance income during the entire week |
| Merchant Stakers | TAN: Platform adoption Use the system, market to and connect with their business, customer networks to establish the Telcoin Platform as infrastructure for settling payments. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | All Telcoin mobile application customers who enter another user’s referral code and stake TEL on Telcoin Application Network may participate as Stakers. | Total: 166.66M Flow: 3.2M per week | Pro-rata share of their (fees paid + their referred users’ fees paid) vs other merchant stakers each week. | Stakers may mine their accrued weekly issuance if their: staked TEL balance > lifetime TEL issuance harvested plus TEL issuance income during the entire week |
| Retail Stakers | TAN: Platform adoption Use the system, market to and connect to their social networks to establish the Telcoin Platform as infrastructure for settling payments. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | All Telcoin mobile application customers who enter another user’s referral code and stake TEL on Telcoin Application Network may participate as Stakers. | Total: 166.66M Flow: 3.2M per week | Pro-rata share of their (fees paid + their referred users’ fees paid) vs other retail stakers each week. | Stakers may mine their accrued weekly issuance if their: staked TEL balance > lifetime TEL issuance harvested plus TEL issuance income during the entire week |
| Total | 500M |
TAN: TEL Harvesting Outcome Indicators
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.
General Performance Indicators
Sustainability
Proportional Equivalence
Are TAN harvesting rules suitable to TAN Network conditions? Are the benefits obtained by TAN miners proportional to the amount of inputs required in the form of labor, material, or money?
Fiscal Equivalence
Total costs to produce improvements < total fees earned by miners
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