Miners

Miners

Application Developers: Technology Used

Developers use TEL to consume platform services, stake TEL as an input to harvest TEL rewards and as political power to propose and vote in governance. They participate from a crypto wallet address, and both develop and operate mobile application systems.

Developers: Technology used

Developers use TEL to consume platform services, stake TEL as a production input to harvest TEL rewards for producing the system, and use staked TEL as political power to propose and vote in governance.

They participate in staking and governance from an authorized wallet address, and, in order to earn TEL issuance and fees, develop and host mobile applications systems that enable users to access the platform securely from their mobile phones.

Developers: TEL utility

  • TEL Consumption Use: Developers exchange TEL for other assets using TELx and use TEL to pay gas fees on Telcoin Network in order to have their and their user base’s transactions included in blocks and secured to the blockchain
  • TEL Production and Harvesting use: Developers must stake TEL to participate, the quantity of TEL an individual developer has staked determines their earning power, and Developers earn TEL fees and harvest TEL issuance.
  • TEL Earning Power: The quantity of TEL staked by a Developer determines the quantity of TEL that is available for them to harvest from TAN.
    • Maximum weekly TEL issuance: Developers may mine their accrued weekly TEL issuance from TAN if their:

        Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)

  • TEL Revenue
    • TEL Fees: Developers earn TEL fees when their customers transact and pay fees using TEL.
    • TEL Issuance: Developers harvest TEL issuance from TAN staking contracts.
  • TEL Governance Use
    • Political Power: Developers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all Developers. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Developers: Storage and Access technologies

  • Authorized wallet: Developers stake TEL, harvest TEL issuance and vote in governance from a wallet address that has been authorized by the Compliance Council.

    • Developers: Production and Harvesting Technologies

  • Application Infrastructure: Mobile application systems that are required to be put into place and maintained by Developers for users to access the Platform and its services. Each developer’s Mobile Application must meet certain standards, set, enforced, and refined by the TAN Council, in order for them to continue harvesting TEL from TAN.
      Application Requirements
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