Interactions and Outcomes
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
TEL Harvesting Interactions and Outcomes
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.
Councils | Representation | Process, Domain of Authority | Decision-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 Levels: Interactions
Miner | Harvesting Activities | Y1 TEL Allocation | Basis for Income |
---|---|---|---|
Validators | Blockchain 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
View Diagram