Governance

Governance

The Miner Assembly

All four Miner Groups may collaborate to form a Miner Assembly and alter any aspect of the governance system.

The Miner Assembly is a collective governing body composed of the four Miner Groups, including Stakers, Developers, Liquidity Miners, and Validators, who may collaborate at the constitutional level of authority to alter any aspect of the Telcoin Platform governance system.

An Assembly is formed when all four Miner Groups submit and vote on the same Telcoin Governance System Improvement Proposal (TGIP).

The TGIP approval process can be used by the Miner Assembly to alter any aspect of the governance system. In this way, the Miner Assembly is the organization with ultimate power and control over Telcoin Platform governance.

In order to approve a TGIP proposal, each Miner Group must affirm the same proposal- which requires each group to achieve an 80% approval rate and 20% quorum on an identical proposal.

Authority

The Miner Assembly, a collectivity of all four miner groups, possesses ultimate authority over and within the governance system. The Miner Assembly may alter any element of the governance system using the TGIP process.

Permitted Actions

Telcoin Governance Improvement Proposal (TGIP): The Miner assembly may use the TGIP process to alter any aspect of the Telcoin governance system.

  • Examples:
    • Adding or removing a Miner Council
    • Altering the number of Council members on an existing governing body
    • Changing the decision-making rules for governing bodies from super-majority to unanimous.
    • Dissolving the Telcoin Autonomous Ops, Ltd (TAO) and or Association.
    • Revoking the authority and property rights of one of the Miner Groups.

    • Forbidden Actions

  • Violating Telcoin’s mission, vision, values, and code of general conduct.

    • Decision-making Rules

    TGIP

  • Proposal Authority: Miners with 2% of the total voting power in their Miner Group may submit TGIP proposals to their governance channel, and, to reduce proposal costs and to ensure the voices of those with less power are heard, the TAO may submit TGIPs at any time to any Miner Group snapshot for voting.
  • Approval Rate: 80% of votes by each Miner Group must be in favor of the identical TGIP proposal in order for it to be affirmed and then implemented by the TAO.
  • Quorum: 20% of the total voting power in each Miner Group must affirm a TGIP in order for it to be affirmed and implemented.

    • Proposal and Voting Locations

  • Forum Proposal Channel
    • TGIP
  • Miner Groups: Governance Channels