Miners
Application Developers: Platform Activities and Benefits
Developers stake TEL on TAN, produce mobile applications on the Telcoin Platform, earn transaction fees from their customers, and harvest TEL issuance from the TAN based on their user base’s adoption of the Telcoin Platform and the quantity of TEL they have staked on TAN.
Developers: Platform Activities
- Develop Telcoin Mobile Applications: Develop mobile applications that connect users to the Telcoin Platform and its services, including the ability to securely self-custody, transfer, exchange their digital assets using the Telcoin Platform as infrastructure. In order to participate in the role and harvest TEL issuance, Applications must comply with Application Infrastructure standards
- Stake TEL: Deposit TEL in Telcoin Application Network (TAN) staking contracts from their governance-approved wallet address, which determines their TEL issuance earning power and political power in governance processes.
Developers: Platform Benefits
Transaction Fees: Income from transaction fees paid by their mobile customers.
- Non-referred users: If the user has not been referred by a Staker, the Developer earns the entire transaction fee.
- Referred users: If the user has been referred by a Staker, the Developer earns the base transaction they charge minus the referral fee rate.
Developers: Technology Used
The private technologies Developers use to interact with the system.
- 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 Fees: Developers earn TEL fees when their customers transact and pay fees using TEL.
- TEL Issuance: Developers harvest TEL issuance from TAN staking contracts.
- 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.
Application Requirements
Developers: Infrastructure Involved
Developers interact with and depend on the following Telcoin Platform components to produce and consume platform services and earn benefits.
TAN Network Infrastructure
| Component, Function | Description |
|---|---|
| Storage Facilities The facilities that store TEL inventories within the system prior to allocation, distribution, and extraction. | TAN Council Gnosis Safe: The primary stock of TAN issuance which receives, stores, and generates a flow of TEL issuance to be harvested by Developers and Stakers. TAN Distribution Safe: Multi-signature wallet used to store the inventory of TEL units and distribute issuance to staking contracts to be harvested by Applications, Miners, Users during the first 13 weeks. |
| Distribution Facilities Infrastructure involved in the distribution of TEL issuance from storage facilities to other facilities for later use and extraction facilities to be harvested by Miners. | TAN Council Telcoin-Distributor: Gnosis Safe module allowing the TAN Council to execute transactions proposed by a single council member without requiring a snapshot vote. This is useful for regular maintenance tasks, like topping up the TAN Staking Contract. TAN Issuance Calculation Script: Calculates issuance allocation using an off-chain database and script. |
| Extraction Facilities Infrastructure involved in the calculation and extraction of TEL units from the system by miners. | Staking Contracts: TEL staking contracts used by Stakers and Developers to stake TEL, allocate, and extract TEL issuance and fees. |
TAN Platform Infrastructure
The underlying blockchain systems that TAN depends on to function.
| Component, Function | Description |
|---|---|
| TAN Platform Infrastructure The underlying blockchain systems that TAN depends on to function. | TELx: Miners and consumers at the application layer depend on TELx and other adjacent markets to supply and service exchange demand with liquid, decentralized financial markets. Telcoin Network: Telcoin network serves as the execution and settlement layer for application layer users. The blockchain enables application users to transfer assets through a peer to peer network, to transact peer to contract using on-chain programs (”smart contracts”), and to verify their ownership and transaction history at any time by accessing the open, immutable, distributed ledger the network generates. Adjacent Markets: The other blockchain networks, liquidity pools, and other adjacent markets on the Platform serving as infrastructure for Telcoin mobile applications to offer products to their customers. |