Interactions and Outcomes

Telcoin Network: TEL Harvesting Activities and Benefits

TEL harvesting interactions on Telcoin Network, the levels which Validators harvest over time, and outcome indicators.

Telcoin Network 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 that harvest TEL from Telcoin Network. It then provides an overview of the TEL harvesting levels across the various user groups, and proposes 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.
  • TEL Harvesting 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.
  • Telcoin Network Governance System: Relationship to Harvesting Activities

    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




    Compliance Council
    Compliance Council
    · Members: 4
    · Representation: Balanced across all four Miner Groups.
    Compliance Improvement Proposal (CCIP)

    Authority
    • Veto authority over all Miner Council proposals
    • Compliance,
    • Legal and Organizational,
    • Conflict Resolution,
    • Actor Authorizations
    Proposal Authority: TAO, Compliance Council

    Approval: 3 out of 4
    Quorum: 75%
    Duration: 72 hours
    Channel: telcoincompliancecouncil.eth

    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, and coordinating with third-parties to produce and administer public goods.

    Further details: for more information about Validators and the relevant Telcoin Network organizations, review

    Telcoin Network Harvesting Rules

    GSMA Operator Member, mobile network operators stake TEL for PoS consensus on Telcoin Network, manage a validator node, and harvest TEL in year one from an allocation of 400M TEL per year at a rate 1.095M TEL per day, based on their pro-rata share of blocks secured to the blockchain. Telcoin Network harvesting rules are set initially by the TAO and then by the Platform and Treasury Councils.

    Telcoin Network Harvesting Rules

    Telcoin Network Harvesting Levels: Interactions

    MinerHarvesting ActivitiesY1 TEL AllocationBasis for Income
    ValidatorsBlockchain Security
    Manage a validator node to create and verify blocks of transactions to the Telcoin Network blockchain.

    Stake TEL on Telcoin Network
    Stake TEL on Telcoin Network to participate in proof-of-stake consensus.
    Total: 200,000,000
    Weekly: 3,846,153.85






    Basis Formula
    Pro-rata share of blocks secured to the Telcoin Network blockchain each day.

    Evaluative Criteria

    General Performance Indicators
    Sustainability
    Participation
    Proportional Equivalence

    View Diagram