Telcoin Network: TEL Harvesting Activities and Benefits

Telcoin Network TEL Harvesting Activities: 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 harvest TEL from Telcoin Network. It then provides an overview of the TEL harvesting levels across the various user groups, and proposes evaluative criteria that could be used by to determine which outcomes the community would deem satisfactory.

Contextual Factors

Telcoin Platform and TEL: Characteristics of the Telcoin Platform system and the TEL benefits it generates.
Attributes of the Actors: The attributes of the community of Telcoin Platform TEL Miners.
Governance System: The organizations and rules that structure and control TEL harvesting activities.

TEL Harvesting Interactions and Outcomes

Table Overview: 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.
Evaluative Criteria: 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.

Telcoin Network Governance System: Relationship to Harvesting Activities

Platform and Treasury Councils

Role: Governance and management

The Platform and Treasury Councils, using the TELIP process, possess shared authority to set, enforce, and refine the rules for interacting with Telcoin Network, and they are responsible for providing improvements and for allocating TEL within Telcoin Network to be harvested by Validators according to those rules.

Councils | Representation | Process, Domain of Authority | Decision-making Rules
Platform Council, Treasury Council | Platform Council
· Members: 8
· Representation: Balanced across all four Miner Groups.

Treasury Council
· Members: 4
· Representation: Balanced across all four Miner Groups. | TEL Improvement Proposal (TELIP)

Platform-wide rules
that involve the TEL Treasury, TEL token contract, Telcoin Network, the Telcoin Association Constitution, and governance infrastructure. | 1. Platform Council: Must approve before submitting to the Treasury Council

Approval: 6 out of 8
Quorum: 100%
Duration: 120 hours
Channel: telcoinplatformcouncil.eth

2. Treasury Council: Must vote after the Platform Council has affirmed.

Approval: 4 out of 4
Quorum: 100%
Duration: 72 hours
Channel: telcointreasurycouncil.eth
Compliance Council | Compliance Council
· Members: 4
· Representation: Balanced across all four Miner Groups. | Compliance Improvement Proposal (CCIP)

Authority
• Veto authority over all Miner Council proposals
• Compliance,
• Legal and Organizational,
• Conflict Resolution,
• Actor Authorizations | Proposal Authority: TAO, Compliance Council

Approval: 3 out of 4
Quorum: 75%
Duration: 72 hours
Channel: telcoincompliancecouncil.eth

The TAO

Role: Construction and maintenance

As authorized, directed and financed by the Platform and Treasury Councils, the TAO is responsible for maintaining existing infrastructure, constructing new systems, and coordinating with third-parties to produce and administer public goods.

Further details: for more information about Validators and the relevant Telcoin Network organizations, review

Telcoin Network Harvesting Rules

GSMA Operator Member, mobile network operators stake TEL for PoS consensus on Telcoin Network, manage a validator node, and harvest TEL in year one from an allocation of 200M TEL per year at a rate 1.095M TEL per day, based on their pro-rata share of blocks secured to the blockchain. Telcoin Network harvesting rules are set initially by the TAO and then by the Platform and Treasury Councils.

Telcoin Network Harvesting Rules

Validators: Secure the Telcoin Network blockchain.
Eligibility and Authorization Rules: All GSMA Operator Member, Mobile Network Operators members who are approved by the Compliance Council, stake TEL for proof-of-stake consensus and deploy, manage a node on Telcoin Network may participate as Validators.
Y1 TEL Allocation Formulas: Validators harvest from an allocation of 200,000,000 TEL per year at a rate of 547,945.205 TEL per day.
TEL Basis for Income Formula: Pro-rata share of blocks secured to the Telcoin Network blockchain each day.
Authority Over Harvesting Rules: The TAO possesses authority to alter and duties to enforce Telcoin Network harvesting rules while the network is still being developed, and after 10 validators are authorized and producing blocks on Telcoin Network, this authority and duties will transfer to the Platform and Treasury Councils using the TEL Improvement Proposal (TELIP) process.

Telcoin Network Harvesting Levels: Interactions

Miner | Harvesting Activities | Y1 TEL Allocation | Basis for Income
Validators | Blockchain Security
Manage a validator node to create and verify blocks of transactions to the Telcoin Network blockchain.

Stake TEL on Telcoin Network
Stake TEL on Telcoin Network to participate in proof-of-stake consensus. | Total: 200,000,000
Daily: 547,945.205 | Basis Formula
Pro-rata share of blocks secured to the Telcoin Network blockchain each day.

Evaluative Criteria

General Performance Indicators

Staked TEL: Total by Validators for use in production, harvesting and governance processes
Number of Actors: Number of validators and users over time
Fees: Gas fees earned by Validators over time
TEL Burns: Total TEL burnt from usage of blockspace on Telcoin Network and regenerated to the TEL Treasury

Sustainability

Can the quantity of TEL issuance units available to be harvested by Validators according to Telcoin Network Harvesting Rules sustain at current levels over time?

Definition and Importance
- Definition: Can the quantity of benefits produced by the system and extracted by appropriators sustain over time?
- Importance: If the stock of benefits available to be extracted from a system are exhausted, the incentives to participate are proportionally reduced for future generations.
Indicators
- Renewability Formula
  - (Total TEL burned on Telcoin Network - Total TEL issued to Telcoin Network)/time
  - Note: The total TEL burned on Telcoin Network replenishes in proportionate quantity to the TEL Treasury to be harvested by future generations of miners.

Participation

How many Validators have staked TEL for validation and are actively producing blocks on the Telcoin Network?

Definition and Importance
- Definition: Measured by the number of actors and their level of involvement in associated processes.
- Importance: Participation tends to increase legitimacy; co-production can be especially effective form of participation.

Proportional Equivalence

Are Telcoin Network harvesting rules suitable to Telcoin Network conditions? Are the benefits obtained by Validators proportional to the amount of inputs required in the form of labor, material, or money?

Definition and Importance
- Definition: The rules-in-use allocate benefits proportional to inputs required.(Understanding Institutional Diversity, 262-3, E. Ostrom).
- Importance: When the rules related to the distribution of benefits are made broadly consistent with the distribution of costs, participants are more willing to pitch in to keep a resource well-maintained and sustainable. Relating user inputs to the benefits they obtain is a crucial element of establishing a fair system. If some users get all the benefits and pay few of the costs, others are not willing to follow rules over time. Thus, fairness is a crucial attribute of the rules of robust systems. (Understanding Institutional Diversity, 263, E. Ostrom)