Telcoin Platform
Telcoin Platform
Telcoin Platform: Clarity of System Boundaries
Telcoin Network is an EVM-compatible, blockchain network secured by GSMA Operator Member Mobile Network Operators (MNOs) globally using proof of stake consensus. TELx, the exchange layer, is a network of AMM liquidity pools on DeFi protocols within the Telcoin Platform that enable decentralized exchange. TAN is a network of mobile applications, produced by GSMA members and their subscribers, that integrate with the Telcoin Platform and enable users to access the services produced by the subsidiary levels.
The three layers of the Telcoin Platform are distinguishable based on their distinct system attributes, production function, TEL flows and social boundaries.
Telcoin Platform: Boundaries
The Telcoin Platform is a nested structure of three blockchain infrastructure networks that each generate a unique set of complementary, integrated blockchain goods and services and flows of TEL issuance, including:
- Summary: TAN is a network of mobile applications, produced by GSMA MNOs and their subscribers, that integrate with the Telcoin Platform and enable users to access the services produced by the subsidiary levels.
- Summary: TELx is a network of AMM liquidity pools on DeFi protocols enable decentralized, automated, self-custodial digital asset exchange.
- Summary: Telcoin Network is an EVM-compatible, blockchain network secured by GSMA Operator Member MNOs globally using proof of stake consensus.
- Summary: The main source of TEL which generates flows throughout the platform that miners across areas harvest, and regenerates a portion of TEL gas fees that are destroyed in each block that is secured to the Telcoin Network blockchain.
Telcoin Platform: The Global Scale
When viewed at the “platform” or “global” level, the spatial are under analysis is all three networks, analyzed as one indivisible system, and the primary, renewable inventory of TEL from which issuance originates, the TEL Treasury.
Clear Ecological and Social Boundaries
The three infrastructure networks can be easily distinguished based on ecological and social characteristics that serve as boundaries for interacting with the platform and each of its sub-systems in a variety of processes.
| Attribute, Definition | Description |
|---|---|
| System Boundaries Ecological characteristics that make feasible for actors to determine where the resource system starts or ends | TAN • Platform Location and Function: Highest level; nested on top of the subsidiary levels enabling users to interact with TELx, Telcoin Network, adjacent markets and the services they produce from their mobile phones. • Characteristics: A network of Telcoin mobile applications and a set of smart-contract systems and TEL inventories that can be easily verified on-chain including TEL storage, distribution, extraction, and TAN Council governance facilities. TELx • Platform Location and Function: Middle layer of the platform, enables decentralized exchange. • Characteristics: A set of on-chain programs (“smart contracts”) including a network of AMM liquidity pools on DeFi protocols and TEL storage, distribution, extraction, management facilities nested in the EVM on Telcoin Network and other blockchains as assigned by the TELx Council using the their governance facilities. Telcoin Network · Platform Location and Function: Base layer, enables blockchain execution, settlement, data storage and availability, and programmable goods and services. · Characteristics: A blockchain execution, settlement network at the base layer of the Platform including an ethereum virtual machine that enables the infrastructure at the higher levels, and TEL storage, distribution, extraction facilities. |
| Access Boundaries Boundaries determining who may access and consume products generated by the system. | |
| Social Access Boundaries Access boundaries enforced by actors in social processes. | • TAN: Developers determine the rules for who may access their mobile applications and use their services based on their internal policies, and enforce those policies using KYC/AML technologies, requiring users to verify their identity before using the Application. |
| Ecological Access Boundaries Access boundaries built into the resource system. | • TAN: Users need an internet connection, mobile phone, and Telcoin mobile application to access products at the application layer. • TELx, Telcoin Network: Anyone with a web3 wallet, an internet connection, and digital assets can interact with and consume products generated by these systems, including exchange and transfer respectively. |
| Harvesting Boundaries Boundaries determining who may harvest TEL issuance. | |
| Social Harvesting Boundaries Harvesting boundaries enforced socially through processes involving one or more actors. | Miners: Social Authorization Processes • Stakers: Telcoin mobile app users must integrate an existing user’s referral code into their application to participate as a Staker and harvest TEL issuance from TAN. • Developers: GSMA members must apply to the Compliance Council to be authorized (or prohibited) from the position of Developer and harvest TEL issuance from TAN. • Validators: GSMA full member mobile network operators must apply to the Compliance Council to be authorized (or prohibited) from the position of Validator and harvest TEL issuance from TAN. • Council Members: Miners must nominate themselves for Council Member positions on the Telcoin forum, be selected by Miner Groups, and possess a governance NFT as a result of free and fair election or delegation processes, and within one month of entering the role, provide proof that they are a miner and undergo KYC/AML with the Compliance Council to maintain the position. |
| Ecological Harvesting Boundaries Harvesting boundaries built into the resource system | TAN • TEL Issuance: Stakers and Developers stake TEL and harvest issuance from staking contracts on TAN. • Fees: Stakers and Developers earn fees each time their users transact. TELx • TEL Issuance: Liquidity Miners provide liquidity to specific TELx markets, stake their liquidity provider tokens, and harvest TEL issuance from staking contracts on TELx. • Fees: Liquidity Miners earn fees each time users exchange assets using their liquidity pool(s). Telcoin Network • TEL Issuance: Validators participate in proof of stake consensus by staking TEL and operating a full node on Telcoin Network, and harvest TEL issuance contained in each block they secure to the Telcoin Network blockchain. • Fees: Validators participate in proof of stake consensus by staking TEL and operating a full node on Telcoin Network, and harvest gas fees contained in each block they secure to the Telcoin Network blockchain. Council Members • TEL Issuance: TEL issuance streams on a per block basis to wallets in possession of Council Member governance NFTs. These NFTs are non-transferable by the holder, can only be moved by Miner Groups in selection processes, and empower Council Members with proposal voting authority over their domain and a stream of TEL issuance. |
| Management Boundaries The Miner Councils and the domains of the system over which they possess management authority and duties towards. | • Global Management Boundaries: Governance organizations with nested jurisdictional authority over the system at the global level that manage all three infrastructure networks as one indivisible system, the TEL Treasury, and governance infrastructure. ◦ Platform and Treasury Councils: Possess shared authority over platform-wide operational rules, are required to plan, finance, and coordinate improvements to the platform and governance infrastructure, and must cooperate to allocate the flow of issuance from the TEL Treasury throughout the platform. • Local Management Boundaries: Governance organizations with local jurisdictional authority and duties towards individual networks of the Platform as standalone systems. Telcoin Application Network • TAN Council: Possesses autonomous authority over local TAN operational rules (e.g. harvesting, construction, maintenance), duties towards planning, financing, coordinating improvements, and allocating TEL issuance within TAN to be harvested by Developers and Stakers. TELx • TELx Council: Possesses authority over local TELx operational rules (e.g. harvesting, construction, maintenance), duties toward planning, financing, coordinating improvements, and allocating TEL issuance within TELx to be harvested by Liquidity Miners. Telcoin Network • Platform, Treasury Councils: After the main network is live and there are 10 Validators producing blocks, the Platform and Treasury Council will possess shared authority over Telcoin Network operational rules and duties toward planning, financing, coordinating improvements, and allocating TEL issuance within Telcoin Network to be harvested by Validators. • Cross-jurisdictional: Councils that cross jurisdictions to fulfill specialized functions. • Compliance Council: Possesses veto authority over all Council proposals, and is required to ensure compliance by monitoring, enforcing rules, and assisting with the development of legal and organizational entities and policies. Also develops and administers conflict resolution systems, and authorizes prospective actors into their appropriate positions. |