Miners

Miners

Miners: Governance Overview

The four types of Miners are each empowered in Telcoin Platform governance as Miner Groups based on their distinct, functional interests and relationship with TEL and the Telcoin Platform. They collectively share full power, control, and duties in governance, which they exert using a variety of decision-making processes within numerous organizations across domains, including Miner Groups, the Miner Assembly, and Miner Councils.

Miners: Governance Overview

Miners, as part of Miner Groups, within the broader Miner Assembly, acting through Miner Councils, constituted legally under the Telcoin Association, possess the authority to:

  • Alter the Telcoin Platform governance system in constitutional-choice processes.
  • Select other miners into council member positions.
  • Participate as council members on Miner Councils in collective-choice processes that serve to improve the system, regulate the flow of TEL issuance, set and enforce operational rules over their domain.
  • Authorize, finance, coordinate production units to construct, maintain, and administer public services on behalf of and at the direction of communal organizations.

    • Miner Groups

    Overview

    Stakers, Developers, Liquidity Miners, and Validators are the constituent interest groups or “Miner Groups” that vote as units to represent their distinct, functional interests, and, collectively, share full power and control over, with, and within the Telcoin Platform Governance System, including:

    Collective-choice authority

  • Council Member Selection: Each Miner Group may select representatives to every Miner Council in annual election and on-going, liquid delegation ceremonies.
  • Nomination and Participation: Individual miners may nominate themselves to be selected by their Miner Group and participate in Council Member positions.

    • Constitutional-choice authority

  • Telcoin Representative Improvement Proposal (TRIP): Miner Groups may vote to alter their representatives’ special duties autonomous of other groups.

    • Miner Assembly

    Overview

    The Miner Assembly is a collective decision-making unit composed of the four Miner Groups, including Stakers, Developers, Liquidity Miners, Validators. A Miner Assembly is formed when all Miner Groups submit and vote on the same Telcoin Governance System Improvement Proposal (TGIP), which may be used to alter any aspect of the Telcoin Platform governance system.

    Constitutional-choice authority

  • Telcoin Governance Improvement Proposal (TGIP): The Miner Assembly may use the TGIP process to alter any aspect of the Telcoin governance system at the subsidiary levels.

    • Miner Groups and the Miner Assembly: Constitutional-choice Decision-making Rules

    Miner GroupsGovernance PowerProposal AuthorityTGIP: Altering the Governance SystemTRIP: Altering Representative Position Rules
    StakersStaked TEL by Telcoin app users.All stakers with at least 2% of the total TEL staked by their miner group delegated to their address may submit proposals.All Miner Groups must affirm governance system proposals at the following approval and quorum rates: Approval: 80% Quorum: 20%Approval: 80%

    Quorum: 20%
    DevelopersStaked TEL by Developers.All Developers with at least 2% of the total TEL staked by their miner group delegated to their address may submit proposals.All Miner Groups must affirm governance system proposals at the following approval and quorum rates:

    Approval: 80% Quorum: 20%    		Approval: 80%

    Quorum: 20%
    Liquidity MinersTELx LPTs containing TEL tokens.All Liquidity Miners with at least 2% of the total TELx LPT voting power delegated to their address may submit proposals.All Miner Groups must affirm governance system proposals at the following approval and quorum rates:

    Approval: 80% Quorum: 20%    		Approval: 80%

    Quorum: 20%
    ValidatorsStaked TEL by authorized Validators from authorized wallets.All Validators with at least 2% of the total TEL staked by their miner group delegated to their address may submit proposals.All Miner Groups must affirm governance system proposals at the following approval and quorum rates:

    Approval: 80% Quorum: 20%    		Approval: 80%

    Quorum: 20%

    Miner Groups: Collective Choice Rules

    Miner Groups: Council Member Selection Rules

    VotersVoting PowerVoting ChannelApprovalQuorum
    StakersStaked TEL from Telcoin mobile app user walletshttps://snapshot.org/#/telcoinstakervote.ethPlurality; the candidate(s) with the most votes win.20%
    DevelopersStaked TEL from Developers wallets.https://snapshot.org/#/telcoinappvote.ethPlurality20%
    Liquidity MinersStaked TELx LPTs containing TEL tokens.https://snapshot.org/#/telxvote.ethPlurality20%
    ValidatorsStaked TEL from authorized Validator vaults.https://snapshot.org/#/telcoinvalidatorvote.ethPlurality20%

    Miner Groups: Representation Rules

    Miner GroupsPlatform CouncilTreasury CouncilCompliance CouncilTAN CouncilTELx Council
    Stakers21121
    Developers21121
    Liquidity Miners21113
    Validators21111

    Miner Councils: Overview

    Miner Councils are policy-making organizations who represent their constituents’ interests in collective-choice processes that serve to set, enforce, and refine the rules for interacting with the Telcoin Platform, such as providing for improvements or allocating TEL issuance.

    Miner Councils are:

  • Self-Organized by the Miner Community: Made up of Miner representatives or “Council Members” who are selected by Miner Groups in election and delegation ceremonies.
  • Multiple Centers of Authority: Includes global, local, and special-purpose, cross-jurisdictional Miner Councils that each possess authority over specific domains of the Telcoin Platform and its governance system.
  • Democratic, Policy-making Organizations: Participate in democratic, decision-making processes that set the operational rules for interacting with the Telcoin Platform and between each other in social processes.

    • Miner Councils: Policy-making Authority and Duties

    Miner Councils possess collective authority over the entire set of operational rules that structure interactions with the platform, and along with their authority comes certain duties they are required to perform within their domain. Their policy-making authority and duties can be distinguished into two categories:

  • TEL Allocation, Harvesting Authority, and Duties
    • Allocation, Harvesting Authority: Set, enforce, and refine the rules for allocating and harvesting TEL from the Platform including the authorized activities, locations, technologies, the quantity of issuance allocated, and the basis for income.
    • Allocation, Harvesting Duties: Required to allocate, distribute the flow of TEL from the TEL Treasury or within their networks in line with the harvesting rules, and to enforce harvesting rules.
  • Provisioning Infrastructure, Info and other Collective Goods
    • Provisioning Authority: Set, enforce, and refine rules related to information and communication, financing, selection and coordination of production units, conflict-resolution, legal and organizational, and compliance.
    • Provisioning Duties: Plan, finance, coordinate the construction and maintenance of new and existing Platform components, provide information to miner constituency, resolve conflicts, authorize new participants into miner and council member positions, monitor and enforce governance and platform rules.

    • Miner Councils: Collective-choice Rules

    CouncilsRepresentationProcess, Domain of AuthorityDecision-making Rules
    Platform Council Platform Council
    · Members: 8
    · Representation: Balanced across all four Miner Groups.    		Telcoin Improvement Proposal (TIP)

    Platform-wide rules
    including communication and information, compliance, legal and organizational rules.    		Proposal Authority: Platform, Treasury, Compliance Councils, TAO

    Approval: 6 out of 8
    Quorum: 100%
    Duration: 120 hours
    Channel: telcoinplatformcouncil.eth
    Platform Council, Treasury CouncilPlatform Council
    · Members: 8
    · Representation: Balanced across all four Miner Groups.

    Treasury Council
    · Members: 4
    · Representation: Balanced across all four Miner Groups.

    		TEL Improvement Proposal (TELIP)

    Platform-wide rules
    that involve the TEL Treasury, TEL token contract, Telcoin Network, the Telcoin Association Constitution, and governance infrastructure.    		1. Platform Council: Must approve before submitting to the Treasury Council

    Approval: 6 out of 8
    Quorum: 100%
    Duration: 120 hours
    Channel: telcoinplatformcouncil.eth

    2. Treasury Council: Must vote after the Platform Council has affirmed.

    Approval: 4 out of 4
    Quorum: 100%
    Duration: 72 hours
    Channel: telcointreasurycouncil.eth
    TAN CouncilTAN Council
    · Members: 6
    · Representation:
    Stakers: 2 reps
    Developers: 2 reps
    Liquidity Miners: 1 rep
    Validators: 1 rep
    		Telcoin Application Network Improvement Proposal (TANIP)

    TAN operational rules including allocation, harvesting, planning and financing, information, communication.    		Proposal Authority: TAN Council, TAO

    Approval: 5 out of 6
    Quorum: 100%
    Duration: 120 hours
    Channel: telcointancouncil.eth
    TELx CouncilTELx Council
    · Members: 6
    · Representation:
    Stakers: 1 rep
    Developers: 1 reps
    Liquidity Miners: 3 reps
    Validators: 1 rep
    		TELx Improvement Proposal (TELxIP)

    TELx operational rules including allocation, harvesting, planning and financing, information, communication.    		Proposal Authority: TELx Council, TAO

    Approval: 5 out of 6
    Quorum: 100%
    Duration: 120 hours
    Channel: telxcouncil.eth
    Compliance CouncilCompliance Council
    · Members: 4
    · Representation: Balanced across all four Miner Groups.
    		Compliance Improvement Proposal (CCIP)

    Authority
    • Veto authority over all Miner Council proposals
    • Compliance,
    • Legal and Organizational,
    • Conflict Resolution,
    • Actor Authorizations    		Proposal Authority: TAO, Compliance Council

    Approval: 3 out of 4
    Quorum: 75%
    Duration: 72 hours
    Channel: telcoincompliancecouncil.eth

    Governance Channels

    Miner Groups

  • Stakers: https://snapshot.org/#/telcoinstakervote.eth
  • Developers: https://snapshot.org/#/telcoinappvote.eth
  • Liquidity Miners: https://snapshot.org/#/telxvote.eth
  • Validators: https://snapshot.org/#/telcoinvalidatorvote.eth

    • Miner Councils

  • Platform Council: https://snapshot.org/#/telcoinplatformcouncil.eth
  • Treasury Council: https://snapshot.org/#/telcointreasurycouncil.eth
  • TAN Council: https://snapshot.org/#/telcointancouncil.eth
  • TELx Council: https://snapshot.org/#/telxcouncil.eth
  • Compliance Council: https://snapshot.org/#/telcoincompliancecouncil.eth