Governance
TAO Harvesting Rules
An initial TEL airdrop of 20M TEL and an on-going stream of 50M TEL flows to the TAO in year one to finance its purposes. TAO harvesting rules are set by the Platform and Treasury Council using the TELIP process.
Telcoin Autonomous Ops, Ltd (TAO): TEL Harvesting Rules
The purpose of the TAO is to produce and administer a variety of collective goods and services on behalf of the Telcoin Association.
The TAO is financed by TEL issuance which originates from the TEL Treasury and distributes to the TAO gnosis safe each block.
TAO harvesting rules are under the control of the Platform and Treasury Councils, who may alter the rules at any time using the TELIP process and are required to ensure TEL is distributed according to those rules.
TAO Harvesting Rules: Overview
An initial TEL airdrop and an on-going stream of TEL flows to the TAO finance set-up costs and its purposes according to rules that are set by the Platform and Treasury Council using the TELIP process.
| Component | Y1 TEL Allocation | Purpose |
|---|---|---|
| TAO Safe | 20,000,000 TEL distributed as an airdrop | Exchanged to pay for audit, Association and TAO costs for the first year. |
| TAO Safe | 50,000,000 TEL distributed evenly each block through a sablier stream. | Used to finance its purpose and on-going responsibilities. |