Miners

Miners

Socioeconomic Attributes

Stakers are business and individual Telcoin mobile application customers who market Telcoin to their payments networks, such as their customers, suppliers, friends, families, and businesses. Their role is to produce adoption of the Telcoin Platform by establishing the system as a shared infrastructure for settling payments with their networks and other blockchain services.

Stakers: Social, Demographic, Economic Attributes

Stakers are business and individual Telcoin mobile application customers who market Telcoin to their payments networks, such as their customers, suppliers, friends, families, businesses, in order to establish the Telcoin Platform as a shared infrastructure for settling payments and transacting using other mobile blockchain services. Their customers on the Telcoin Platform are their referred user base, they earn a percentage of their referred users’ fees and harvest TEL issuance from TAN based on their network’s adoption of the platform and the quantity of TEL they have staked on TAN. Stakers are one of four Miner Groups that share equal power and control in Telcoin governance.

Stakers: Social Attributes

  • Stakers: Telcoin mobile app individual (or business) customers who enter another user's referral code to participate, and market Telcoin friends, family, and other businesses in their network to settle payments using the Platform as infrastructure.
  • Stakers as Miner Groups: Stakers are empowered as a unified collective unit, one of four “Miner Groups,” that share equal power and control in Telcoin governance based on their functional interests and relationship with the Platform and TEL. An individual staker’s political power is based on their pro-rata share of TEL staked by Telcoin mobile app users.

    • Stakers: Demographic Attributes

  • Persons or businesses that utilize mobile financial services to interact with other businesses and people. Remittance senders, crypto-natives, and any number of individuals are likely to participate.

    • Stakers: Economic Attributes

    Specialization: Marketing and user-growth; Stakers may introduce Telcoin to their personal or professional contacts - including friends, relatives, customers, suppliers, and other counterparties - to facilitate more efficient payment relationships that rely on the Telcoin Platform as shared infrastructure. A staker who refers a participant becomes eligible to receive TEL-denominated transaction fees and protocol issuance, calculated in proportion to the referred participant’s ongoing use of the system.

    Capital: Global or local reach depending on the participant, and knowledge of their payment network in terms of flows of funds, types and terms of payment relationships, and customer preferences, which can then be incorporated by Developers into their mobile applications and by the TAN Council into their incentives policies.

  • Reach: Local or global depending on the size of the user’s network.
  • Knowledge: Local information related to their experience using Telcoin and preferences of potential users in local market. Comprehensive understanding of the payment relationships, money flows, preferences of participants within their value chain.

    • Sources of Income: Earn a percentage of their referred users’ transaction fees and harvest TEL issuance from TAN based on their network’s adoption metrics, the number of new users they successfully refer, and their staked TEL balance.

    TEL Fees: Income from referral fees

    Referral Fees: Stakers earn a percentage of all of their referred users’ transaction fees, distributed in real-time, in TEL, based on the quantity of TEL they have staked.
  • TEL Issuance: Income from TEL issuance on Telcoin Application Network.
      Stakers harvest from a single flow of TEL issuance based on adoption metrics as determined by the TAN Council.
    • Maximum Weekly TEL Issuance: Stakers may mine their accrued weekly issuance if their total staked TEL balance throughout the entire week is greater than their lifetime issuance earnings plus issuance income during the week.
      • Formula: Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)
    • Excess TEL Issuance: Any excess TEL which has not been mined from TAN due to lack of staked TEL will be distributed back to the TAN Council safe to be allocated by the TAN Council.
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