Governance

Governance

Network Structure

Four distinct types of miners, including developers, stakers, liquidity miners, and validators, produce, consume and harvest benefits horizontally across spatial areas of a nested structure of three blockchain infrastructure networks. The miners govern, manage the system, as individuals and within organizations, vertically across three levels of rule-ordered authority within the Telcoin Platform governance system.

Levels of Authority

Includes the operational, collective, and constitutional-choice levels of analysis. The outcomes of collective choices made higher levels of governance are rules that serve as inputs to create rules that authorize activities at lower levels.

  • Operational: The product of collective-choice activities, structure day to day interactions e.g. harvesting, provisioning, communication, maintenance, allocation rules.
  • Collective-choice: The product of constitutional choice activities, structure collective-choice activities such as elections, liquid delegations, and miner council decision making processes.
  • Constitutional-choice: The product of meta-constitutional situations, structure constitutional activities such as the process for altering the governance system.

    • Number of Layers

    The Telcoin Platform is a nested structure of three blockchain infrastructure networks, including TAN, TELx, and Telcoin Network, each generating flows of TEL issuance that originate from a primary, renewable inventory (TEL Treasury), markets and products that are complementary, and systems that depend on each other to function.

    Jurisdictional Areas

    The Telcoin Platform can be analyzed from both global and local spatial scales for governance purposes.

  • Global: At the global scale, the Platform and Treasury Council manage the system as an indivisible nested structure of three blockchain infrastructure networks, The TEL token and Treasury inventories and systems, Telcoin Network, and governance infrastructure.
  • Local: At the local scale, local governance organizations manage individual networks as standalone systems- the TAN Council governs TAN operational rules and the TELx Council governs TELx operational rules.
  • Cross-jurisdictional: The Compliance Council crosses platform jurisdictions and levels of authority to perform specialized functions.

    • Vertical Network Structure

    The Telcoin governance system links individual miners, including stakers, developers, liquidity miners, and validators, vertically with other miners and a diversity of governance organizations across the operational, collective, and constitutional-choice levels of analysis.

    Outcomes at the higher levels of governance create rules that structure interactions at the lower levels, and interactions at the lower levels produce outcomes that, through information sharing and evaluation processes, inform collective decisions at the higher levels.

    Horizontal Network Structure

    The Telcoin Platform’s nested structure of blockchain infrastructure networks creates horizontal links connecting miners with other miners and organizations across scales of the system and at all levels of authority in the governance system.

    Centrality

    Decision-making power in the Telcoin governance system is dispersed among many stakeholders, with power and control decentralized to four different types of miners, liquidity miners, stakers, developers, and validators, who collaborate to govern the platform.

    Each Miner Group selects council members to represent their functionally differentiated, but interdependent interests on a diverse set of governing organizations (Miner Councils) including global, local, or cross-jurisdictional organizations which collectively cover the full range of governance activities.

    Degree of Centrality across Levels of Authority

  • Constitutional power and control is decentralized, requiring four different interest groups to collaborate and affirm an identical proposal, each by way of 80% approval and 20% Quorum. This ensures rights for each group are protected.
  • Collective power and control is highly decentralized, with decision-making authority empowered to 5 different councils who are themselves groups of delegates selected by each miner group to represent their distinct interests in choices that determine operational rules. Approval requires a super-majority in all cases.
  • Operational power and control is highly decentralized, four types of miners are stationed across spatial scales of the system, each with their own role in production. Individuals within each Group compete against each other in production, harvesting processes to extract benefits from the system.

    • TAN

  • Developers: Mobile app development is decentralized to networks of GSMA members,
  • Stakers: Marketing is decentralized to business and individual mobile app user networks.

    • TELx

  • Liquidity Miners: Exchange and liquidity provision is decentralized to networks of liquidity providers on DeFi protocols.

    • Telcoin Network

  • Validators: Block production is decentralized to a network of GSMA Operator Member, mobile network operators, who are dispersed across nearly every country in the world.

    • Modularity

    Four, Plural Community, Telcoin Interest Groups

    Stakers, Liquidity Miners, Developers, Validators are organized into separate modules or subsystems based on their functionally-differentiated interests in production and harvesting interactions with the system. This modular approach enables efficient co-production and co-management of platform products across different scales according to local information.

    Miner Groups Individual miners, based on their position, participate within Miner Groups and with other Groups to select and remove other miners into council member positions in Miner Councils.

    Miner Councils Miner Councils are collective-choice provisioning units which include global, local, and cross-jurisdictional policy-making organizations that each possess rights and authority to govern specific platform domains, and collectively cover the full range of governance activities.

    The Miner Assembly At the constitutional level of analysis, all four Miner Groups cooperate to pass proposals that alter the governance system and individual miner groups may alter their council members’ special duties independent of other groups.

    The TAO A special-purpose administration unit that facilitates governance activities, constructs and maintains systems, drives ecosystem devolopment internally and externally on behalf and at the direction and financing of Miner Councils.

    Connectivity

    Connected through Ecological Networks

    The Miners are connected to each other by flows of complementary resources from the same system (ie the Platform) and depend on each other to produce and market platform products. These interactions generate local information about system conditions, economic efficiency, sustainability of TEL issuance, and market demand directly into the shared blockchain system.

    Connected through Formal and Informal Social Networks Recurring meetings serve to link miners to other miners and Miner Councils to share feedback from interactions, evaluate and propose alternatives to improve outcomes in light of evaluative criteria and shared preferences of individual miners.

    Miner Councils must cooperate to pass policy and have structured rules and direct mechanisms for communicating with miners and other councils along with processes in place to enforce lack of compliance with collective-choice rules (e.g., abstention). Actors frequently share information through informal settings such as through impromptu talks in Discord and other social networks locally and online.

    This high level of connectivity may enable effective communication and collaboration among the actors involved in governance.