Platform
Telcoin Network: TEL Production
200M TEL distributes from the TEL Treasury to Telcoin Network in year 1. Validators harvest from a flow of 547,945.205 TEL per day, based on their pro-rata share of blocks secured to the Telcoin Network blockchain, according to rules that are set and enforced by the Platform and Treasury Councils.
Telcoin Network: TEL Treasury Distribution Rate
Definition: The number of TEL units distributed from the TEL Treasury to Telcoin Network over time.
Overview
TEL distributes from the TEL Treasury to Telcoin Network at an annual rate to be allocated by the Platform and Treasury Council, then is harvested by Validators.
As a result of TGIP-1, an initial issuance will be distributed from the Treasury as an airdrop to Telcoin Network to commence harvesting by miners prior to the first election.
Additionally, a Sablier stream of TEL will flow from the Treasury to the system at the following rates over time. The Platform and Treasury Council may alter these levels using the TELIP process at any time.
Telcoin Network: TEL Treasury Distribution Levels
| Component | Y1 | Y2 | Y3 |
|---|---|---|---|
| Telcoin Network Distribution Safe | Initial: 50M Stream: 150M | 184.5M | 166.05M |
Telcoin Network: TEL Issuance Rate
Definition: The number of TEL units generated by Telcoin Network to staking contracts to be harvested by Validators over time.
Overview
TEL flows within Telcoin Network from the Telcoin Network safe to staking contracts to be harvested by Miners at pre-determined levels, which may be altered by the Platform, Treasury Council using the TELIP process any time after the main network is live when there are 10 authorized Validators producing blocks.
Telcoin Network issuance rate
| Component | Mechanism | Y1 | Y2 | Y3 |
|---|---|---|---|---|
| Telcoin Network Distribution Safe | Airdrop | 16.66M per month in Q1 | 15.375M per month | 13.8375M per month |
Telcoin Network: TEL Harvesting Levels
Definition: The number of TEL units available to be harvested from the system by miners over time.
Overview
Validators stake TEL to participate in PoS consensus and harvest TEL units from Telcoin Network each time they secure a block to the blockchain.
The Telcoin Association Operations Unit (TAO) is authorized and responsible for governing and managing Telcoin Network until the main network is live with 10 Validators producing blocks on Telcoin Network.
After the main network is live with 10 authorized Validators participating in block production on Telcoin Network, the Platform and Treasury Councils possess will possess authority over Telcoin Network rules, may alter them at any time using the TELIP process, and are responsible for ensuring the rules are enforced properly accordingly.
Telcoin Network: TEL Harvesting Levels
Validators compete to harvest TEL from Telcoin Network by participating in PoS consensus and are successful each time they secure a block to the blockchain.
Validators
| Participants | GSMA Operator Member MNOs who register with the Compliance Council. |
| Activities | Stake TEL to participate in PoS consensus, secure blocks to the blockchain and harvest TEL issuance and fees. |
| Technology Used | TEL, Wallet Address, Node Infrastructure |
| Time | Allocation | Basis | Mechanism |
|---|---|---|---|
| Y1 | 200M per year harvested at a rate of 547,945.205 per day | Basis Formula Pro-rata share of blocks secured to the Telcoin Network blockchain each day. | Validator issuance contract |
| Y2 | 184.5M per year harvested at a rate of 505,479.45 per day | Basis Formula Pro-rata share of blocks secured to the Telcoin Network blockchain each day. | Validator issuance contract |
| Y3 | 166.05M per year harvested at a rate of 454,931.505 per day | Basis Formula Pro-rata share of blocks secured to the Telcoin Network blockchain each day. | Validator issuance contract |
TEL Regeneration Rate
Definition: The number of TEL destroyed and regenerated by Telcoin Network to the TEL Treasury over time.
Total Distribution
Summary: These harvesting rates are indirectly regulated by the Treasury Council. A Telcoin Distributor is used for allocation of TEL units to the safe responsible for providing issuance:
TAN: Telcoin Distributor