Miners are the primary actors who produce Telcoin Platform services, earn TEL fees from consumers, extract TEL issuance from the system, and are empowered collectively with full power and control within Telcoin Platform governance.
Role: Blockchain security on Telcoin Network
GSMA Operator Member, mobile network operators (MNOs) who stake TEL for proof-of-stake consensus (PoS), manage validator nodes, produce, verify blocks of transactions to Telcoin Network, and earn TEL gas fees and TEL issuance when they secure blocks to the blockchain.
Validators propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of staked TEL for PoS on Telcoin Network.
Role: Liquidity provision on TELx
Users provide liquidity to TELx markets, stake their liquidity in TELx staking contracts, earn fees from trades and harvest TEL issuance from TELx pro-rata based on their share of staked liquidity.
Liquidity Miners propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of staked liquidity on TELx.
Liquidity Miners: Overview
Application Developers (Developers)
Role: Mobile Application Development on Telcoin Application Network (TAN)
GSMA Members stake TEL, produce mobile applications that connect users to the Telcoin Platform, earn transaction fees from their customers, and harvest TEL issuance from TAN pro-rata based on their mobile users’ adoption of the platform.
Developers propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of staked TEL by registered Developers on TAN.
Application Developers: Overview
Role: Marketing and platform adoption on TAN
Telcoin mobile application customers stake TEL, market the Telcoin Platform to their network using their referral code to establish the system as infrastructure for settling payments, earn a percentage of their referred users’ fees in TEL, and harvest TEL issuance from TAN on a pro-rata basis based on their network’s adoption of the Platform.
Stakers propose and vote with others in their Miner Group in Telcoin Platform governance based on their pro-rata share of TEL staked on TAN by all referral Telcoin mobile application users.
A summary description of the four Telcoin Platform Miners, including their roles, activities and benefits, participation requirements, attributes, and governance authority.
Miners: Eligibility and Authorization Rules Overview
The required attributes and conditions for entering, maintaining and exiting Miner positions varies across roles.
Miners: Platform Production and Fees Overview
Each Miner serves a distinct function in the production of Telcoin Platform services and earns fees when consumers pay to access their services.
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 i...
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, ...