Governance
TEL Treasury Distribution Rules
The TEL Treasury distributes issuance at a rate of 10% of the TEL in the Treasury per year, with 1B TEL distributed in year one, based on rules that are set by the Platform and Treasury Councils.
TEL Treasury Distribution Rules
Authority over TEL Treasury Distribution Rules
The Platform and Treasury Councils possess the authority to alter and enforce TEL Treasury harvesting rules by using the TEL Improvement Proposal (TELIP) process, and are required to ensure TEL is distributed in line with these rules.
TEL Treasury Maintenance and Construction Rules
Until the Platform and Treasury Councils alter the arrangement, the TAO will maintain TEL Treasury components. Any new construction will need to be planned, financed and coordinated by the Platform and Treasury Councils.