Application Developers: Eligibility and Authorization Rules

The required characteristics an individual actor must possess to participate in the position of Application Developer, harvest TEL issuance and participate in governance.

• Organizational Requirements: All GSMA Members are eligible to participate as Application Developers.
• Location Requirements: The entity must be located in a non-sanctioned country according to the United States OFAC/FINCEN sanctions list.

Developers: Conditions for Participation

The actions an individual must take to enter, maintain, and exit the position of Application Developer in order to harvest TEL issuance and participate in governance.

Developers: Entry Rules

In order to participate in position of Developer, eligible entities must use the following authorization process:

1. Forum Proposal: The prospective developer, the Telcoin Association Operations Unit (TAO), or another forum member must submit an Application Developer authorizations proposal to the “Authorizations: Developers” channel of the Telcoin Association forum.
   1. Forum Channel: Telcoin.org/forum/authorizations/developers
   2. Required Information: Wallet address to be used for staking TEL and voting; business Information including GSMA membership status and business plan.
2. CCIP Proposal: A TAO or Compliance Council member may submit the authorizations proposal for the prospective Developer to the Compliance Council Snapshot.
   1. Compliance Council Snapshot: https://snapshot.org/#/telcoincompliancecouncil.eth
3. Authorization: The Compliance Council will then approve (or deny) the Developer.
4. Proof of Alignment: The Developer must stake TEL from their authorized wallet address to participate in harvesting TEL issuance from TAN and governance with their Miner Group.
5. Deployment: Once the Developer has deployed their Telcoin Mobile Application, they may begin to participate.

Developers: Rules for Maintaining Position

In order to maintain the position of Developer, participants must:

• Staked TEL: Developers must maintain a staked TEL balance from their governance-authorized wallet address in order to continue harvesting TEL issuance from Telcoin Application Network (TAN) and to participate in governance.

Application Infrastructure: The required systems and processes a Developer must deploy, maintain, administer within their Telcoin mobile application in order to harvest TEL from TAN.

• Telcoin Mobile Application: iOS or Android mobile applications built on the Telcoin Platform with the following functions and features:
  • Mobile Interface to the Telcoin Platform: An intuitive interface and system connected to TELx and Telcoin Network services.
  • Banking Infrastructure: Including at least one-fiat on and off-ramp for stablecoins.
  • Staker Capabilities: Staker production, harvesting, and governance capabilities in place for users.
  • Secure-Self Custody Implementation: A secure, multi-signature or multi-party computation walet implementation for users.
  • Trade Router: Connecting the app to TELx markets for exchange.
  • KYC/AML systems: Verifying the identity of users to ensure 1 user 1 account and compliance with local laws.

• Compliance Requirements
  • Licensure: Licensed to provide money transmission or banking services in all operating jurisdictions where applicable.

Developers: Exit Rules

The rules for how a Developer may or must exit their position.

• Unstake TEL: Developers may exit their position at any time by removing their entire staked TEL balance.
• Sanctions: The Compliance Council may sanction Developers for failing to adhere to application infrastructure standards by revoking their right to vote and harvest TEL issuance after multiple repeated offenses in a graduated manner according to the seriousness of the transaction.