How Do Other Participants use TEL
TEL is the native asset that aligns incentives across every layer of the Telcoin Platform. Each class of participant within the broader Telcoin ecosystem. From mobile-money users and application developers to liquidity providers, validators, and governance bodies, each uses TEL in different ways to support, secure, and benefit from the system. By connecting stablecoin flows, decentralized liquidity, mobile-network distribution, and user-owned governance through a single asset, TEL ensures that everyone contributing to the platform is economically aligned with its growth, efficiency, and long-term sustainability.
TEL on Telcoin Network
Description: Telcoin Network Validators, which are run by GSMA Operator Membe Mobile Network Operators, secure the network. Market participants use TEL to pay the costs of consumed computational resources for using the system (gas costs).
Network Validation: MNOs agree to perform honest computation and maintain near 100 percent network uptime, in exchange for TEL issuance and transaction fees.
Medium of Exchange: The TEL Token will be used as the unit of exchange to quantify and pay the costs of the consumed computational resources (gas costs) on the Telcoin Network.
TEL in Telcoin Association Governance
Description: Tel tokens grant miner groups voting power during annual election ceremonies, liquid delegations, and Telcoin Governance System Improvement Proposals (TGIPs). The way in which voting power is granted to individuals within each miner group is presented below:
Stakers
Stakers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all mobile users. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.
Developers
Developers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all Developers. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.
Liquidity Miners
Liquidity Miners’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of liquidity staked in TELx. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.
Validators
Validators’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked for PoS consensus on Telcoin Network. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.