Miners

Miners

Application Developers: Overview

A summary description of Application Developers including their role, activities and benefits, participation requirements, attributes, and governance authority.

Application Developers (Developers) are GSMA Members who stake TEL, produce mobile applications on the Telcoin Platform, earn transaction fees, and harvest TEL issuance from the TAN pro-rata, based on their user base’s adoption of the Platform and the quantity of TEL they have staked.

Developers are one of four Miner Groups that share equal authority in Telcoin governance. Their political power within their Miner Group is based on their pro-rata share of TEL staked on TAN versus other Developers.

Developers: Role

  • Telcoin Mobile Application Development: Developers’ primary objective is to produce innovative, mobile applications that connect users to the Telcoin Platform and its blockchain-based goods and services in a secure, compliant, self-custodial way from their mobile devices.

    • Developers: Goals

  • Vibrant Network of Telcoin Mobile Applications: Incentivize GSMA members with TEL issuance rights and empower them with governance authority in order to bootstrap the production of a vibrant, diverse ecosystem of mobile applications that utilize the Telcoin Platform as infrastructure to provide real world use cases to customers.
  • GSMA Mobile Financial Services: Enable GSMA members to develop innovative mobile applications on the Telcoin Platform and distribute direct to consumer without reliance on centralized systems and services providers.
  • User-ownership: Enable Developers to produce, utilize, benefit from, and manage the underlying systems they rely on to produce their services.