Governance
Constitutional-choice Rules: Overview
Learn more about the rules for how to change the Telcoin governance system here.
Constitutional-choice Rules
Rules used to set the terms and conditions of governance and certain positions at the collective-choice level, includes the TGIP process, or the rules for how the Miner Assembly may alter the governance system, and the TRIP process, or the rules for how Miner Groups may alter their representatives’ special duties.
| Decision-making Process | Authority | Proposal Rules | Voting Rules |
|---|---|---|---|
| Telcoin Governance Improvement Proposal (TGIP) | The Miner Assembly may use the TGIP process to alter any aspect of the Telcoin Platform governance system. | Individual miners with 2% of their Miner Group's voting power and TAO members may submit TGIP proposals at any time. | All four Miner Groups, including Stakers, Developers, Liquidity Miners, and Validators, must affirm an identical TGIP proposal at the following rates: · Approval: 80% · Quorum: 20% · Duration: 7 days |
| Telcoin Representative Improvement Proposal (“TRIP”) | Miner Groups may use the TRIP process to alter their Council Members’ special duties. | Individual miners with 2% of their Miner Group’s voting power and TAO members may submit TRIP proposals. | Individual Miner Groups(e.g. Stakers) must affirm a TRIP proposal at the following rates: · Approval: 80% · Quorum: 20% · Duration: 7 days |
Learn more:
Telcoin Representative Improvement Proposal (TRIP) Rules