Telcoin

TEL: Distribution Levels

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.

  • Initial TEL Airdrop: An initial TEL airdrop will be distributed from the TEL Treasury to be allocated, harvested by miners prior to the first election.
  • On-going TEL Stream: On-going flows of TEL distribute throughout the Telcoin Platform from the TEL Treasury each block using automated, smart contract-based streams. TEL streams dynamically self-adjust to 10% of the Treasury at the end of each year.
    • 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