Miners

Miners

Stakers: Overview

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

Stakers: Background

The Telcoin governance system decentralizes the role of platform adoption and user growth to active, Telcoin mobile application customers (Stakers) by empowering both corporate (Merchant Stakers) and individual mobile customers (Retail Stakers) with the right to produce the system, the opportunity to earn TEL fees and harvest TEL issuance proportionate to the value they produce, and the collective right to protect, represent their distinct, functional interests in Telcoin Platform governance.

Stakers: Summary

Stakers are Telcoin mobile application customers who stake TEL, connect with other users through the Telcoin Platform by sharing their referral code, earn a percentage of their referred users’ fees, and harvest TEL issuance based on their network’s adoption of the Platform and the quantity of TEL they have staked.

Stakers are one of four Miner Groups that share equal authority in Telcoin governance. An individual staker’s political power is based on their pro-rata share of TEL staked.

Stakers: Role

  • Platform Adoption: Connect through the Telcoin Platform with their network to drive user adoption of the system as infrastructure for settling payments, accessing financial services, and other non-financial blockchain use cases.

    • Stakers: Goals

  • Volume and User Growth: Incentivize Telcoin mobile application users to connect with their payments network through Telcoin mobile applications in order to establish the Telcoin Platform as infrastructure for storing digital assets, settling payments, and for accessing a variety of other financial and non-financial blockchain-based goods and services.
  • User-ownership: Enable individuals and businesses to produce, utilize, benefit from, and manage the systems and products they rely on in their daily lives.