Miners
Miners: TEL Issuance Overview
Miners stake TEL, produce the Telcoin Platform, and harvest from flows of TEL issuance based on their productivity according to harvesting rules which are set by Miner Councils and are programmed into the platform to self-execute using code which is embedded into the Telcoin Platform.
Telcoin Network: TEL Harvesting Activities and Benefits
Stake TEL to participate in proof of stake consensus (PoS), operate a validator node to create and verify new blocks to the Telcoin Network blockchain, and harvest TEL from Telcoin Network based on their pro-rata share of blocks secured to the blockchain each day. Telcoin Network harvesting rules are set by the Platform and Treasury Councils using the TELIP process.
| Miner | Harvesting Activities | Y1 TEL Allocation | Basis for Income |
|---|---|---|---|
| Validators | Blockchain Security Manage a validator node to create and verify blocks of transactions to the Telcoin Network blockchain. Stake TEL on Telcoin Network Stake TEL on Telcoin Network to participate in proof-of-stake consensus. | Total: 200,000,000 Flow: 547,945.205 per day | Basis Formula Pro-rata share of blocks secured to the Telcoin Network blockchain each day. |
TELx: TEL Harvesting Activities and Benefits
Liquidity Miners provide liquidity to TELx DeFi markets, stake their liquidity provider tokens (LPTs) in TELx staking contracts, and harvest TEL from TELx based on their pro-rata share of staked liquidity according to harvesting rules that are set by the TELx Council.
| Miner | Activities | Y1 TEL Allocation | Basis for Income |
|---|---|---|---|
| Liquidity Miners | DeFi Liquidity Provision Provide liquidity to TELx DeFi markets and enable users to exchange their assets in a decentralized, automated, self-custodial manner. Stake Liquidity on TELx Stake TELx liquidity provider tokens (LPTs) in TELx staking contracts to harvest TEL. | Total: 200,000,000 Flow: 16,666,666.66 per month | Basis for Income Pro-rata share of liquidity staked on TELx over time. |
TAN: TEL Harvesting Activities and Benefits
Developers and Stakers harvest TEL from the TAN based on their user base’s adoption of the Telcoin Platform according to harvesting rules that are set by the TAN Council.
| Miner | Production Activities | Y1 TEL Allocation | Basis for TEL Income |
|---|---|---|---|
| Developers | TAN: Mobile application development Produce mobile apps which integrate with the Telcoin Platform and securely connect users to its services. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | Annual: 166.66M Flow: 3,205,128.205 weekly | Pro-rata share of their mobile application’s (Referral fees + TELx exchange fees + Telcoin Network gas fees paid by users) vs other developers each week. |
| Merchant Stakers | TAN: Platform adoption Use the system, market and connect with their business, customer networks to establish the Telcoin Platform as infrastructure for settling payments. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | Annual: 166.66M Flow: 3,205,128.205 weekly | Pro-rata share of their (fees paid + their referred users’ fees paid) vs other merchant stakers each week. |
| Retail Stakers | TAN: Platform adoption Use the system, market and connect to their social networks to establish the Telcoin Platform as infrastructure for settling payments. Stake TEL on TAN Stake TEL in TAN staking contracts to harvest TEL. | Annual: 166.66M Flow: 3,205,128.205 weekly | Pro-rata share of their (fees paid + their referred users’ fees paid) vs other retail stakers each week. |