Telcoin Platform
Telcoin Platform
TEL: Distribution Levels
The distribution of TEL across the Telcoin Platform over time. The TEL Treasury distributes 10% of its inventory each year and Telcoin Network regenerates a portion of all TEL gas fees paid each block. In year 1, 1B TEL in total flows throughout the Platform, with 500M TEL distributed to TAN, 200M TEL to TELx, 200M TEL to Telcoin Network, 30M TEL to Council Members, and 70M TEL to the TAO.
In year one, 1B TEL in total flows throughout the Platform, with 500M TEL distributed to TAN, 200M TEL distributed to TELx and Telcoin Network, 30M TEL to Council Members, and 70M TEL to the TAO. The Platform and Treasury Councils may alter the TEL Treasury distribution levels at any time using the TELIP process.
| TEL Levels | Y1 | Y2 | Y3 |
|---|---|---|---|
| TEL Treasury | 10B | 9B + n | 8.1B + n |
| TEL Issuance Rate | Initial: 245M Stream: 755M | 900M | 810M |
| TEL Regeneration Rate | n TEL destroyed on Telcoin Network | n TEL | n TEL |
| TAN TEL Levels | Initial: 125M Stream: 375M | 459M | 392.85M |
| TELx TEL Levels | Initial: 50M Stream: 150M | 184.5M | 166.05M |
| Telcoin Network TEL Levels | Initial: 50M Stream: 150M | 184.5M | 166.05M |
| Council Members TEL Levels | Stream: 30M | 27M | 24.3M |
| TAO TEL Levels | Initial: 20M Stream: 50M | 45M | 40.5M |
TEL Flows: Initial Issuance
As a result of TGIP-1, an initial, one-time issuance will be distributed from the TEL Treasury via airdrop to various facilities throughout the Platform. This issuance is meant to operationalize miners across the three decentralized networks encompassed within the Telcoin Platform prior to the first election.
| Component | Inflows | Mechanism |
|---|---|---|
| TAN Distribution Safe | 125,000,000 one time | Airdrop |
| TELx Distribution Safe | 50,000,000 one time | Airdrop |
| Telcoin Network Distribution Safe | 50,000,000 one time | Airdrop |
| TAO Safe | 20,000,000 one time | Airdrop |
TEL Flows: On-going Streams
Additionally, a set of streams will be initiated to distribute TEL at the following levels to Miner Council safes through Sablier streams on a per block basis. These distribution levels automatically self-execute in code based on pre-determined levels and may be altered by the Platform, Treasury Council using the TELIP process.
| Component | Mechanism | Y1 | Y2 | Y3 |
|---|---|---|---|---|
| TAN Council Safe | Sablier Stream | 375M | 459M | 392.85M |
| TELx Council Safe | Sablier Stream | 150M | 184.5M | 166.05M |
| Telcoin Network Distribution Safe | Sablier Stream | 150M | 184.5M | 166.05M |
| Governance Sablier NFTs | Sablier Stream | 30M | 27M | 24.3M |
| TAO Safe | Sablier Stream | 50M | 45M | 40.5M |
TAN: TEL Distribution Levels
1B TEL distributes from the TEL Treasury to TAN in year 1. Developers, Merchant Stakers and Retail Stakers each harvest 166.66M TEL in year 1, from a weekly flow of 3,205,128.205 TEL, based on their pro-rata share of adoption, according to rules set and enforc...
TELx: TEL Distribution Levels
200M TEL distributes from the TEL Treasury to TELx in year 1, and Liquidity Miners harvest from a monthly flow of 16.66M TEL based on their pro-rata share of staked liquidity in TELx staking contracts, according to rules set and enforced by the TELx Council.
Telcoin Network: TEL Distribution Levels
200M TEL distributes from the TEL Treasury to Telcoin Network in year 1. Validators harvest from a flow of 547,945.205 TEL per day, based on their pro-rata share of blocks secured to the Telcoin Network blockchain, according to rules that are set and enforced ...
Council Members: TEL Distribution Levels
30M TEL distributes from the TEL Treasury as an automated stream, divided evenly amongst 33 Council Members, or 909,090.909 TEL per Member in year 1. Council Members receive an NFT when they are elected by the Miner Group, and TEL is allocated to owners of tho...
TAO: TEL Distribution Levels
After TGIP1 is approved by the community, 20M TEL is airdropped from the TEL Treasury to the TAO to finance legal, organizational, and code audit costs associated with Association setup. Additionally, in year one, 50M TEL streams per block to the TAO to financ...