Platform

Platform

TAN: Productivity of System

The total supply of mobile and blockchain services on the network, the total transaction volume and fees paid to access the Telcoin Platform, including to transact on TELx and Telcoin Network, using TAN mobile applications, and the total transaction fees paid to Developers and referral fees paid to stakers over time. Additionally, the productivity of the network can be measured based on the total TEL generated within TAN and harvested by miners over time.

TAN Productivity: Mobile Services

Developers and Stakers produce mobile applications and new users respectively, earning fees each time their users transact.

  • Mobile Applications, Users, Products: The total number of users, mobile applications and the variety of services offered to users, including TELx exchange and Telcoin Network transfer availability over time.
  • Volume: Total volume through mobile products, total exchange volume through TELx markets and transfer volume through Telcoin Network blockspace by mobile application users over time.
  • Fees: The total transaction fees paid by users, earned by Developers, and the referral fees, in TEL, earned by Stakers over time.
    •  

    TAN: TEL Production

  • TEL Issuance Rate: The number of TEL units generated by TAN and harvested as by miners flows over time according to current harvesting rules.
    • Description: Developers and Stakers harvest TEL units from TAN at a weekly rate based on their success in the marketplace according to rules determined by the TAN Council using the TANIP process.
    • Formula:
      • Y1: 9,615,384.615 TEL per week
      • Y2: 8,826,923.075 TEL per week
      • Y3: 7,554,807.69 TEL per week
  • TEL Treasury Distribution Rate: The number of TEL units distributed from the TEL Treasury to TAN over time.
    • Description: TEL distributes from the TEL Treasury to TAN at an annual rate to be harvested by TAN miners. As a result of TGIP-1, an initial issuance will be distributed from the Treasury as an airdrop to TAN to commence harvesting by miners prior to the first election, and a stream of TEL will flow at the following rates below over time.
    • Formula:
      • Y1: 500,000,000 TEL at the following rates,
      • Initial: 125,000,000 TEL distributed as an airdrop as a result of TGIP-1.
      • Stream: 375,000,000 TEL distributed per block using superfluid streams.
      • Y2: 459,000,000 TEL streamed on a per block basis
      • Y3: 392,8500,000 TEL streamed on a per block basis
        •  

    • Mobile Services Productivity

    The total supply of mobile and blockchain services on the network, the total transaction volume and fees paid to access the Telcoin Platform, and the total transaction fees paid to Developers and referral fees paid to stakers over time.

    TAN: TEL Production

    500M TEL distributes from the TEL Treasury to TAN in year 1 to be allocated by the TAN Council, harvested by Developers and Stakers, and used to finance system improvements and maintenance.