Telcoin Network is an EVM-compatible, public blockchain secured by GSMA Operator Member, Mobile Network Operators globally using proof of stake consensus. The system serves as underlying blockchain architecture securing private property rights over digital assets and enabling on-chain protocols and applications such as TELx.

Telcoin Network

TELx is a network of liquidity pools on DeFi protocols that enable user-owned, automated, self-custodial exchange. 

TELx DeFi Exchange

TAN, the application layer, is a network of mobile applications that are integrated with the Telcoin Platform and enable users to access its services.

Telcoin Application Network (TAN)

The Telcoin Platform generates TEL, a scarce digital good with a maximum supply of 100B units, from the TEL Treasury at an annual rate of 10% of its inventory (1B TEL in year 1), for Miners to harvest. Consumers use TEL to access Telcoin Platform services. Miners stake TEL, produce platform services, earn TEL fees from consumers, harvest TEL from the Telcoin Platform, and use staked TEL as political power within their Miner Group in Telcoin Platform governance. Telcoin Network destroys a portion of TEL gas fees paid each block and regenerates them in equal quantity to the TEL Treasury, ensuring sustained yield while maintaining a maximum supply of 100B units.

Telcoin (TEL) Token

Miners interact with a variety of systems to participate in Telcoin Platform governance processes.

Governance Infrastructure

The Telcoin Platform system is the combined structure of three blockchain infrastructure networks that each produce distinct, complementary services: Telcoin Network, the blockchain layer; TELx, the decentralized financial marketplace layer; Telcoin Application Network, the mobile application layer; and the TEL Treasury, the primary, renewable source of TEL from which the system generates flows across layers for miners to harvest.

Telcoin Platform

The users who consume goods and services produced by each layer of the Telcoin Platform and pay fees, including Telcoin Application Network, TELx, and Telcoin Network customers.

Consumers

The processes used to set the terms and conditions of governance and certain positions at the collective-choice level.

Constitutional Choice Processes

The processes used by Miner Councils to set the rules that structure day-to-day interactions within their domain of the Telcoin Platform and governance system. 

Miner Council Decision Making Processes

The processes used by the four Miner Groups to elect officials to represent their interests on Miner Councils in decisions that set the rules for interacting with the Telcoin Platform and TEL. 

Council Member Selection Process

The processed used by prospective participants to enter positions of authority in the Telcoin Platform Governance System

Authorizations

All four Telcoin Platform miners serve a distinct function in producing Telcoin Platform services and earn TEL fees from consumers. 

Telcoin Platform: P

TEL harvesting levels of various users and groups and associated Platform and social outcome indicators.

TEL Harvesting Activities

All GSMA members must follow the same process in order to participate in the position of Application Developer (Developer). The process is as follows.

Eligible participants must use the following authorization process to enter the position of Developer.

 The prospective developer, the Telcoin Association Operations UAB (TAO), or another forum member must submit an Application Developer authorizations proposal to the “Authorizations: Developers” section of the Telcoin forum.

 A Telcoin Association Operations UAB (TAO) or Compliance Council member may submit the authorizations proposal for the prospective Developer to the Compliance Council Snapshot.

 The Compliance Council will then approve(or deny) the Developer.

 Applications must stake TEL from their unique multi-signature wallet address to participate in mining issuance and governance.

 Deploy Telcoin Mobile Application to app stores.

 GSMA Members who seek to participate as an Application Developer.

 Responsible for networking with the GSMA and facilitating new Developer authorizations by proposing prospective Developers to the Telcoin Forum and the Compliance Council Snapshot.

 Any TAO member or Compliance Council member may submit the Developer authorization proposal Compliance Council snapshot.

 Responsible for reviewing, verifying and authorizing(or rejecting) prospective participants.

All GSMA Members must follow a specific authorization process to become an Application Developer.

Developer Authorizations

The Telcoin Platform is a blockchain based resource system (”platform”) that generates a flow of subtractive TEL units and a wide variety of other digital goods and services which can be harvested, consumed, and enjoyed by users. Miners, the constituent interest groups who co-produce and harvest benefits from the system, use a customized technology stack of mechanisms to alter the governance system itself, select council members, participate in decision-making processes that provide for system improvements, regulate the flow of TEL units, structure and enforce operational activities related to the system, communicate, and document information. We refer to this technology stack as the governance system infrastructure.

This document outlines, identifies, and describes the various technical components that encompass the Telcoin governance system infrastructure.

Telcoin Governance leverages multiple technologies to create a comprehensive governance system. They include:

The following section provides a descriptive summary of the components that encompass the Telcoin Platform governance infrastructure.

Governance Infrastructure Overview

An overview of the four Telcoin Platform miners: Stakers, Developers, Liquidity Miners and Validators, including their roles, activities and benefits, participation requirements, attributes, and governance authority.

Miners

Miners - including Stakers, Developers, Liquidity Miners, and Validators - are the driving force behind the Telcoin Platform. Each Miner Group serves a distinct function in Telcoin Platform production and harvests from separate flows of TEL. Miners propose and vote with others in their Miner Group in Telcoin Platform governance, over and within which they collectively share equal power and control. Consumers across the three layers of the system access the services produced by the Platform and pay fees. 

Actors

TAN consumers are Telcoin mobile application users who self-custody, exchange, transfer their assets using the products generated by all three layers of the Platform and pay fees each time they transact.

TELx users trade their assets using TELx liquidity pools and pay exchange fees.

Telcoin Network users store, transact their assets using Telcoin Network and pay gas fees to have their transactions included in blocks and secured to the blockchain.

Summary description of Telcoin Platform consumers.

Consumers: Overview

The Telcoin Platform governance system refers to the processes through which collective decisions are made, implemented, interpreted and reformed for Telcoin Miners. Broadly, “governance determines who can do what to whom, and on whose authority.”

 and click the below cards to learn more about the Telcoin Platform Governance System:

The Telcoin Platform governance system is the prevailing set of processes through which the rules shaping the behavior of miners within the Telcoin Platform and between each other are set and revised. Constituted, represented, and protected legally by the Telcoin Association, Telcoin Platform governance is a polycentric, democratic system of self-governance in which the four miners, through various organizations, share collective power and control.

Governance System

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 the Telcoin Platform. We then provide a Platform-wide overview of the TEL harvesting levels across the various user groups, and propose evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.

 Characteristics of the Telcoin Platform system and the TEL benefits it generates.

 The attributes of the community of Telcoin Platform TEL Miners.

 The organizations and rules that structure and control TEL harvesting activities.

 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.

 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.

Governance System: Relationship to Harvesting Activities

Telcoin Platform governance is constituted legally as the Telcoin Association. The regime is a polycentric, democratic system of self-governance in which the four constituent Miner Groups elect officials to a diverse set of global, local and cross-jurisdictional Miner Councils who each possess considerable autonomy to make and enforce rules within their own circumscribed domain of authority. 

Miner Councils set, enforce, and refine the day to day operational rules for interacting with their jurisdictions of the Telcoin Platform, including setting TEL harvesting rules. The TAO, the Telcoin Association’s wholly-owned production and administration unit, serves to produce and administer collective goods at the direction and financing of the Association.

Miner Councils, Authority, and Decision-making Rules

A diverse set of policy-making organizations, composed of elected officials from each Miner Group, who set and enforce the operational rules for interacting with the Telcoin Platform. 

The rules, set by Miner Councils that define who may harvest, how much TEL from the Telcoin Platform, based on what formula, by what means, using what technologies and the infrastructure involved in the infrastructure involved in the allocation, storage, distribution, extraction of TEL by miners. 

TEL Harvesting Rules: TEL Treasury, Telcoin Network, TELx, TAN, Council Members and TAO

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.

A summary of the material, social, and institutional factors that set the context for various user groups to allocate and harvest TEL across the Telcoin Platform at differentiated levels and the outcomes they generate.

TEL Harvesting Activities: Overview

The following section describes the context and procedure encompassed by the Telcoin Improvement Proposal process (TIP), the process used by the Platform Council to make platform-wide social rules. 

 Forum members submit a proposal to TIP channel on the Telcoin forum.

 A Platform Council, TAO, or Compliance Council member decides to submits the proposal to the Platform Council Snapshot page.

 The Platform Council must vote with 6/8 approval within 120 hours (5 days) from Platform Council snapshot proposal submission, or else the proposal will not pass.

 The Compliance Council may veto a TIP by submitting a veto proposal to the Compliance Council discord.

 The Compliance Council must vote to veto the proposal within 72 hours after it is approved by the Platform Council, or else the proposal will be approved.

 The Platform Council either implements the proposal itself or works with the TAO or other third parties to implement the update.

 The Proposal Author from the Platform Council coordinates with the TAO (or another administrator as determined by the Platform Council) to update 

 If the proposal is affirmed through the TIP process, it will be implemented according to the specification outlined in the proposal.

 If the proposal is rejected by the Platform Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.

 If the proposal is vetoed by the Compliance Council, the dissenting members must provide a rationale as to (1) why it failed to meet their decision-making criteria and (2) constructive feedback to help modify the proposal to meet the criteria provided in the rationale.

 Is the proposed improvement consistent with the the Mission, Vision, Values defined in Article 4.1 (a-c) of the Telcoin Association Constitution?

 Technical, Economic, Financial, Legal, Political

The process used by the Platform Council to set, enforce, and refine platform-wide social policies.

Telcoin Improvement Proposal (TIP) 

The Telcoin Governance Improvement Proposal process (TGIP) is the constitutional-choice process by which the Miner Assembly, including all four Miner groups as one collective unit (Stakers, Developers, Liquidity Miners, Validators), proposes, ratifies, and implements changes and upgrades to the Telcoin Governance System. Each Miner Group must simultaneously or sequentially approve of the same TGIP proposal in order for it to be ratified and implemented. All aspects of the Telcoin Governance System may be altered using the TGIP process.

Using the IAD framework, we provide a set of inputs that are processed by actors into outcomes that are evaluated, with feedback effects.

 An overview of the factors that encompass all aspects of the social, cultural, institutional, and the material environment that sets the context within which the TRIP process takes place.

 The interactions that take place by and between actors in the TGIP process and the possible resulting outcomes.

 Telcoin Platform and Governance System Infrastructure

TGIP: Positions, Participants, Activities, Technology used, Infrastructure involved

 A Telcoin forum member submits a TGIP to the Telcoin Forum, using the TGIP template to propose an improvement to the Telcoin Governance System.

 Miners with 2% of their Miner Group’s voting power or Telcoin Association Operations UAB (TAO) members submit the same, properly codified TGIP proposal to each of the Miner Group snapshots.

 Within 168 hours of submission to their respective snapshot, all miner groups must approve of the TGIP proposal with an approval rate of 80% and a quorum requirement that 20% of the total voting power in reach group must participate in all Miner Group votes.

 The proposal authors from each Miner Group work with the TAO and/or other individuals and corporations as cited in the proposal, to implement the proposal.

 The Proposal Authors from each Miner Group work with the TAO or another firm or individual responsible for updating 

 The TAO and each of the proposal authors post the results of the proposal to the Telcoin Discord along with ongoing updates related to implementation.

 If the proposal is affirmed through the TGIP process, the TGIP proposal authors coordinate with the TAO and/or other individuals and corporations as cited in the proposal, to implement, communicate, and document the proposal on 

 If the proposal is rejected by the Miner Assembly, the proposal author may work with the community to gather and integrate feedback to craft a new proposal more aligned with the community’s preferences.

 Measured by quorum and approval rates, how many miners from each Miner Group are actively participating in TGIP voting processes?

 Do miners view the deliberation process undertaken by their Miner Group related to a particular TGIP as legitimate?

 Are the Council Members accountable to their constituent Miner Groups concerning the policies and rules they choose and the preferences of their constituency?

The process used by the Miner Assembly to alter any aspect of the Telcoin Platform governance system. 

Telcoin Governance Improvement Process (TGIP)

Telcoin Platform Production and Consumption: 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 produce and consume Telcoin Platform goods and services. We then provide a Platform-wide overview of the productive and consumptive interactions across the various user groups and sub-systems of the Telcoin Platform, and propose evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.

Telcoin Platform Production and Consumption: 

Attributes of the System: Telcoin Platform and its Products

The resource system or facility involved in the generation of goods and services. The Telcoin Platform is the combined structure of three blockchain infrastructure networks, including Telcoin Network, the blockchain layer, TELx, the decentralized marketplace layer, and Telcoin Application Network (TAN), the mobile application layer, that each produce distinct blockchain services, and the TEL Treasury, the primary storage and distribution facility and inventory from which the system generates flows throughout the Telcoin Platform for miners to harvest.

Telcoin Platform: Blockchain Goods and Services

Telcoin Network: Blocks, On-Chain Goods and Services

Miners, including Stakers, Developers, Liquidity Miners, and Validators, are the driving force behind the Telcoin Platform. Each Miner Group serves a distinct function in Telcoin Platform production and and harvests from separate flows of TEL fees from consumers and TEL issuance generated by the system. Miners propose and vote with others in their Miner Group in Telcoin Platform governance, over and within which they collectively share equal power and control.

Miner Attributes: Validators, Liquidity Miners, Developers, Stakers

Telcoin Platform governance is constituted legally as the Telcoin Association, a Swiss Verein domiciled in the Canton of Ticino in the City of Lugano. The regime is a polycentric, democratic system of self-governance in which the four constituent Miner Groups elect officials to a diverse set of global, local and cross-jurisdictional Miner Councils who each possess considerable autonomy to make and enforce rules within their own circumscribed domain of authority. 

Miner Councils set, enforce, and refine the day to day operational rules for interacting with their jurisdictions of the Telcoin Platform, including setting TEL harvesting rules. The TAO, the Telcoin Association’s wholly-owned production and administration unit, services to produce and administer collective goods at the direction and financing of the Association.

Telcoin Platform: Production and Consumption Interactions

An overview of Telcoin Platform production and consumption interactions and outcomes.

Telcoin Platform: Production and Consumption Activities

Each year, all four Miner Groups elect a new set of Council Members to represent their interests on Miner Councils. The following section first provides context by describing the attributes of the system involved, the actors, and the governance system which structure election ceremonies and then describes the election ceremony process, its outcomes, and evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.

 Candidates submit their nomination applications to the proper channel on the Telcoin forum.

 The TAO submits election proposals for all of the Miner Councils to each Miner Group including all valid nominees from the forum, submitted to all four Miner Group Snapshots for voting.

 Miners vote for candidates over a 7 day period from the time the election proposal was submitted.

 After the 7 day election period ends, newly elected Council Members are automatically transferred a governance NFT conferring them proposal and voting rights over their jurisdictional domain and an ongoing stream of TEL issuance.

Compliance Council Improvement Process[CCIP]

 for information related to the Council Member authorization process after elections.

 Is the proposed election consistent with the the Mission, Vision, Values defined in Article 4.1 (a-c) of the Telcoin Association Constitution?

 Did the election process follow the collective-choice rules regulating the process and outcomes?

 To what extent are Miner Groups participating in council member selection and co-production processes? To what extent are Council Members participating in deliberation and co-production processes with other Miners?

 Do individual miners within a Miner Group view a given election process undertaken by their Miner Group as legitimate?

 Are the Council Members actively made accountable to Miner Groups concerning the policies and rules they choose?

Elections are annual ceremonies in which the Miner Groups elect all of their representatives on Miner Councils.

Elections

Serve as the on-chain representation of councils and constituencies. Each council and constituency has its own Gnosis Safe that executes transactions that are approved by Snapshot vote.

Compliance Council and TAO will have Safes on 

 Mainnet. These safes will be deployed and are responsible for modifying Snapshot configurations once Governance matures and Snapshot is configured via ENS instead of EOAs.

Operational multi-signature Safes for holding and allocating TEL (eg Legal Issuance, TAN Incentives Stock).

These Safes are the on-chain representation of Miner Councils and Miner Groups. Each council and constituency has its own Gnosis Safe that executes transactions that are approved by Snapshot vote.

These safes will be equipped with the three Zodiac modules listed.

The Zodiac Reality module executes transactions on behalf of the safes according to Snapshot votes.

In the first phases of governance, these safes will have some number of trusted signers on them, in case things are misconfigured. Once governance is proven to work over a long time period, these signers will be removed. If a safe with no signers is properly configured with Snapshot + Zodiac Reality, then Snapshot becomes the 

 Safe Wallets are highly configurable and engineered for safety. Their modularity and configurability also allows governance to be flexible and decentralize over time.

Safe Wallets

Characteristics of the Telcoin Network resource system, including its sector, infrastructure, size, productivity, and a variety of other factors. 

Telcoin Network: System

The attributes of the TELx resource system involved in the production of DeFi markets used for exchange on the Telcoin Platform.

TELx: System

The Telcoin Application Network (TAN) is a network of mobile applications and smart contracts nested on top of TELx and Telcoin Network as a mobile interface and self-custody layer to the Telcoin Platform, enabling users to access the products and services it generates.

Telcoin Application Network (TAN): System

The characteristics of the cryptoassets which are extracted from the Telcoin Platform by miners that can then be used to consume platform services, as an input for earning power and reward in miner production, harvesting, as social power in governance processes, exchanged for other goods and services, transferred on blockchain networks or held as private property for later use.

TEL: Attributes

The attributes of the Telcoin Platform, the resource system involved in generating TEL, and other blockchain-based goods and services.

Telcoin Platform: System

 According to rules determined and enforced by Developers, all individuals or corporations who have downloaded and fully registered their identity using a Telcoin mobile application may participate as TAN consumers.

 Stakers are natural consumers of Telcoin mobile application services.

Consumer Products: Activities, Benefits, and Technology Used

 Transacting across the Telcoin suite of DeFi products, such as decentralized cryptoasset exchange, paying fees on each transaction.

 Self-custodial, mobile access to the Telcoin suite of user-owned decentralized financial products at any time. The ability to trade cryptoassets at any time without relying on counterparties to match orders and custody assets.

 Users pay fees each time they make a trade or other DeFi transaction.

: Securely storing cryptoassets on the Telcoin Application.

 Cryptographically-enforced, self-custodial private property rights over digital scarcity without having to store a private key off-chain.

 Sending cryptoassets to other Telcoin users.

 The ability to transfer assets peer to peer, instantly, at any time without relying on counter-parties.

 Free, Applications pay gas fees for users.

 Downloading the Telcoin App, registering with a staker’s referral link and claiming TEL issuance.

 Income from TEL inclusion issuance, the ability to stake TEL without having to purchase it in order to participate as a staker and earn referral fees and adoption issuance.

 In order to access Application layer benefits, users must download and register on a Telcoin Application.

 The Telcoin Application is available on iOS and Android mobile devices.

 In order to trade cryptoassets, a user must custody them on their unique multi-signature wallet in the Telcoin Application.

 In available countries, users can convert local fiat to local fiat-backed stablecoins.

 In order to earn inclusion issuance, a new user must register with an existing staker’s referral link.

Store, transfer, exchange their assets from Telcoin mobile applications and pay transaction fees, using the subsidiary levels of the Telcoin Platform as infrastructure.

Telcoin Application Network

GSMA Operator Member, mobile network operators (MNOs) who stake TEL for proof-of-stake consensus (PoS), manage validator nodes, produce, verify blocks of transactions to Telcoin Network, and earn TEL gas fees and TEL issuance when they secure blocks to the blockchain.

Validators propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of staked TEL for PoS on Telcoin Network.

Users provide liquidity to TELx markets, stake their liquidity in TELx staking contracts, earn fees from trades and harvest TEL issuance from TELx pro-rata based on their share of staked liquidity.

Liquidity Miners propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of staked liquidity on TELx. 

Application Development on Telcoin Application Network (TAN)

GSMA Members stake TEL, produce mobile applications that connect users to the Telcoin Platform, earn transaction fees from their customers, and harvest TEL issuance from TAN pro-rata based on their mobile users’ adoption of the platform. 

Developers propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata

 share of staked TEL by registered Developers on TAN.

 stake TEL, market the Telcoin Platform to their network using their referral code to establish the system as infrastructure for settling payments, earn a percentage of their referred users’ fees in TEL, and harvest TEL issuance from TAN on a pro-rata basis based on their network’s adoption of the Platform.

Stakers propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of TEL staked on TAN by all referral Telcoin mobile application users.

Miners are the primary actors who produce Telcoin Platform services, earn TEL fees from consumers, extract TEL issuance from the system, and are empowered collectively with full power and control within Telcoin Platform governance. 

Miners: Introduction

The Telcoin governance system is a set of institutions or rules systems tailored to managing and governing human and technological interactions with the Telcoin Platform, a blockchain-based, common pool resource system, and the flow of benefits it generates, including TEL issuance and a complementary set of blockchain goods and services.

Telcoin governance is authorized and responsible for providing for the maintenance and construction of the Platform, allocating the subtractable flow of TEL issuance, and determining and enforcing operational, collective, and constitutional-choice rules for interacting with the system and between actors.

 Rules systems tailored to a particular class of goods based on the economic attributes of the good or service under analysis (e.g. private, public, toll, or common-pool).

 Rules systems tailored to a specific ecological system, geographic area.

Determining the economic nature of a good or service

The economic nature of a good or service can be determined by (1) the extent to which access can be controlled (i.e. excludability) and (2) the extent to which one person’s consumption reduces the available supply available to others (i.e. subtractability).

The Telcoin Platform is a common-pool resource (CPR)

 High; The Telcoin Platform is a blockchain system from which it is difficult to exclude user access.

 High; the Platform generates a flow TEL and other blockchain products which subtract from the available supply upon extraction.

Challenges Associated with Governing CPRs

Appropriation and Provisioning Problems and Solutions

CPR problems can be usefully clustered into two broad types: appropriation and provision.

 Refers to the act of extracting or harvesting resource units from a CPR system. Appropriation is commonly referred to as mining or harvesting TEL throughout documentation.

 Refers to providing (planning and financing) goods and services facilities.

The Telcoin Platform governance system is a set of institutions tailored towards managing and governing human and technological interactions with the Telcoin Platform and the flows of TEL it generates.

Market	Protocol	Issuance Allocation	Time Slots	Basis for Allocation	Mechanism
TEL/USDC 80:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	TELx Staking Contract
TEL/BAL 80:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	TELx Staking Contract
TEL/DFX/USDC 40:40:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	DFX Staking Contract
TEL/WETH 80:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	TELx Staking Contract
TEL/WMATIC 80:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	TELx Staking Contract
TEL/WBTC 80:20	Balancer V2 (Polygon)	2,777,777.78	Per calendar month	Pro-rata share of staked liquidity	TELx Staking Contract

Telcoin Platform

Telcoin Platform

Number of Markets

Number of Markets