Telcoin Platform

Telcoin Platform

TEL: Utility and Market Value

Consumers use TEL as a medium of exchange to access the services produced by the Telcoin Platform. Miners stake TEL as a production and harvesting input, produce Telcoin Platform services, earn TEL fees from consumers and harvest from flows of TEL issuance generated by the system. The quantity of TEL a miner has staked on the platform determines both their TEL earning power in production and harvesting processes and their political power within their Miner Group in Telcoin Platform governance.

TEL Market Value: Overview

TEL is a scarce, digital good native to the ethereum blockchain, which means the token can be held by individuals as private property, transferred between peers, exchanged for other goods, and used to interact with any unlimited number of on-chain applications on EVM-compatible networks autonomous of third parties, as fluidly as sending a text message with 100% uptime. The market prices TEL globally, 24/7/365, on a wide variety of centralized and decentralized exchanges, against numerous assets which can be found on TELx.network and external sites such as CoinGecko.

TEL Utility: Overview

Telcoin Network users pay TEL gas fees to have their transactions included in blocks and processed through the Telcoin Network blockchain. TELx users exchange between TEL and other assets using TELx AMM markets, and paying TEL exchange fees and TEL gas fees on Telcoin Network. TAN mobile application customers use TEL to settle payments, to exchange between assets and pay exchange fees on TELx, and to pay TEL gas fees on Telcoin Network.

Miners stake TEL as a production and harvesting input on the Telcoin Platform, earn TEL fees from consumers and harvest from flows of TEL generated by the system. The quantity of TEL a miner has staked on the platform determines both their TEL earning power and their political power within their Miner Group in Telcoin Platform governance.

Consumers: TEL Utility

Consumers use TEL as a medium of exchange and fee currency to access products and services generated by the Platform.

  • Telcoin Network: Pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.
  • TELx: Exchange between TEL and other assets using TELx markets and pay TEL exchange fees. TELx users pay TEL gas fees to have their transactions included in blocks and secured to the Telcoin Network blockchain.
  • TAN: Use TEL to settle payments, to exchange between assets on TELx and pay exchange fees, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.

    • In addition to using TEL for its consumptive use cases within their domains of the Telcoin Platform, miners stake TEL as a material input to produce platform services, earn TEL fees from consumers, and harvest TEL issuance from the system according to rules that are set and enforced by Miner Councils. Staked TEL is used as political power by miners within their Miner Group in Telcoin Platform governance.

    Miners: TEL Utility

    Validators: TEL Utility

  • TEL consumption use: Validators exchange TEL for other assets using TELx liquidity pools, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.
  • TEL production and harvesting use: Staked TEL is required to participate in Proof of Stake consensus, ensuring honest computation at risk of stake slashing and an individual validator's stake weight relative to other validators determines their earning power.
    • TEL Earning Power: The quantity of TEL staked by a validator determines the probability they will secure a block to the blockchain, increasing:
      • TEL Harvesting Levels: The quantity of TEL issuance they earn over time.
      • TEL Fees: The amount of fees they harvest from block production over time.
    • TEL Fees and Issuance Income
      • TEL Revenue: Validators earn gas fees in TEL, harvest TEL issuance flows.
  • TEL social use
    • Political Power: Validators’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked for PoS consensus on Telcoin Network. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Liquidity Miners: TEL utility

  • TEL consumption use: Liquidity Miners use TEL to exchange for other assets using TELx liquidity pools, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.
  • TEL production and harvesting use: Liquidity Miners provide TEL and other assets to TELx liquidity pools and stake their liquidity provider tokens (LPTs) in TELx incentives contracts.
    • TEL Earning Power: The quantity proportion of liquidity provided to a pool and staked in TELx contracts determines a liquidity miner’s earning power.
      • TEL Harvesting levels: Liquidity Miners harvest TEL issuance from TELx based on their pro-rata share of staked liquidity on TELx.
      • TEL Exchange fees: Liquidity Miners earn a percentage of all exchange fees through their pools based on their pro-rata share of liquidity in those pools.
  • TEL Fees and Issuance Income
    • TEL Exchange Fees: Liquidity Miners earn TEL fees each time users trade TEL for another asset using their liquidity pool.
    • TEL Issuance: Liquidity Miners harvest TEL issuance from TELx.
  • TEL social use
    • Political Power: Liquidity Miners’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of liquidity staked in TELx. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Stakers: TEL utility

  • TEL consumption use: Stakers exchange TEL for other assets using TELx, use TEL to settle payments, to access other blockchain products available to mobile users, and use TEL to pay gas fees on Telcoin Network in order to have all of their transactions included in blocks and secured to the blockchain.
  • TEL production and harvesting use: Mobile application users must stake TEL on TAN to participate in the role, the quantity of TEL staked by an individual participant determines their earning power. They earn referral fees in TEL and harvest TEL issuance from TAN.
    • TEL Harvesting Levels: The quantity of TEL staked by a participant determines the quantity of TEL that is available for them to harvest from TAN.
      • Maximum weekly TEL issuance: Stakers may mine their accrued weekly TEL issuance from TAN if their:

          Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)

    • TEL Referral fee rate: The quantity of TEL staked by an individual actor outputs a referral fee rate that determines what percentage of their referred users’ transaction fees they earn. Additionally, stakers earn referral fees in TEL and harvest issuance in TEL.
    • TEL Fees and Issuance Income: Stakers harvest TEL from TAN and earn a percentage of their referred users’ fees in TEL. If their referred user transacts and pays a transaction fee in a token other than TEL, the referral fee first exchanges for TEL on TELx then distributes to the staker, all in the same transaction.
  • TEL social use
    • Political Power: Stakers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all mobile users. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Developers: TEL Utility

  • TEL consumption use: Developers exchange TEL for other assets using TELx and use TEL to pay gas fees on Telcoin Network in order to have their and their user base’s transactions included in blocks and secured to the blockchain
  • TEL production and harvesting use: Developers must stake TEL to participate, the quantity of TEL an individual developer has staked determines their earning power, and Developers earn TEL fees and harvest TEL issuance.
    • TEL Harvesting Levels: The quantity of TEL staked by a Developer determines the quantity of TEL that is available for them to harvest from TAN.
      • Maximum weekly TEL issuance: Developers may mine their accrued weekly TEL issuance from TAN if their:

          Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)

    • TEL Fees and Issuance Income: Developers harvest TEL issuance from TAN and earn TEL fees when their customers transact using TEL.
  • TEL social use: Political power
    • Political Power: Developers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all Developers. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Miners: Strategic TEL Use

    TEL: Political Power and Control

    Control in Telcoin Platform governance is empowered functionally to the four Miner Groups based on their TEL staked on the system. Political power within each Miner Group is based on an individual miner’s pro-rata share of the total TEL staked by their Miner Troup. This amount affects how much influence a miner has within their Miner Group during Council Member selection and constitutional-choice processes. In order to participate as a Council Member, newly elected officials are required to prove they are a miner using a process determined by the Compliance Council.

  • Political Power
    • Stakers: Pro-rata share of TEL on TAN by Telcoin mobile application users.
    • Developers: Pro-rata share of TEL on TAN by Developers.
    • Liquidity Miners: Pro-rata share of staked liquidity on TELx.
    • Validators: Pro-rata share of TEL staked for PoS consensus on Telcoin Network by Validators.
  • Learn more about the use value of TEL to Platform actors here:
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    TEL: Utility