Platform

Platform

Telcoin (TEL) Token

The Telcoin (TEL) Token is the native token of the Telcoin Platform, and the gas fee token of the Telcoin Network. Miners stake TEL as a production and harvesting input on the Telcoin Platform, earn TEL fees from transactions and harvest from flows of TEL issuance. The quantity of TEL a miner has staked on the platform determines both their TEL earning power and their political power within their Miner Group in Telcoin Platform governance.

Telcoin (TEL) Token Characteristics

CharacteristicsDescription
Token Symbol

The unique symbol used to identify the token.		TEL
Token Standard

The set of rules and guidelines that define how a digital asset or token should be created, implemented, and managed on a blockchain network.		ERC-20

The ERC-20 token standard is a widely used standard for creating and managing tokens on the Ethereum blockchain. It defines a set of functions and rules that a token must follow to be considered an ERC-20 token, such as the ability to transfer tokens, check account balances, and approve transactions.
Blockchain Network

The network on which the token has been created.		Ethereum
Contract Address

The unique identifying smart contract address for the token.		Ethereum: 0x467bccd9d29f223bce8043b84e8c8b282827790f
Polygon: 0xdf7837de1f2fa4631d716cf2502f8b230f1dcc32
Decimals

The number of decimal points encoded in the token.		2
Marking Potential

The potential to "mark" (e.g. fish tags) the token, so it can be identified vs other TEL tokens.		While individual addresses, the current and former location of TEL tokens, and the addresses between which TEL is transferred can be easily identified, individual TEL tokens are fungible and cannot be distinguished between meaningfully.

Telcoin Network: TEL Utility

Telcoin Network Consumers: TEL Utility

TEL is the native gas token of Telcoin Network. Consumers pay TEL gas fees to have their transactions included in blocks and secured to the Telcoin Network blockchain. A portion of all TEL gas fees paid each block on Telcoin Network are destroyed and regenerated equally to the TEL Treasury, tying Telcoin Network blockspace demand to the sustained yield of TEL for future generations of miners.

Validators: TEL Utility

  • TEL Consumption Use: Validators exchange TEL for other assets using TELx liquidity pools, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.
  • TEL Production and Harvesting Use: Staked TEL is required to participate in Proof of Stake consensus, ensuring honest computation at risk of stake slashing and an individual validator's stake weight relative to other validators determines their earning power.
  • TEL Earning Power: The quantity of TEL staked by a validator determines the probability they will secure a block to the blockchain, increasing:
    • TEL Harvesting Levels: The quantity of TEL issuance they earn over time.
    • TEL Fees: The amount of fees they harvest from block production over time.
  • TEL Revenue
    • TEL Fees: Validators earn gas fees in TEL paid by consumers to have their transactions included in blocks and secured to the blockchain.
    • TEL Issuance: Validators harvest TEL issuance flows from each block they secure to the Telcoin Network blockchain.
  • TEL Governance Use
    • Political Power: Validators’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked for PoS consensus on Telcoin Network. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • TELx: TEL Utility

    Consumers: TEL Utility

    TEL enables traders to access DeFi exchange markets and to pay for gas fees. TELx users exchange between TEL and other assets using TELx markets and pay TEL exchange fees. TELx users pay TEL gas fees to have their transactions included in blocks and secured to the Telcoin Network blockchain.

    Liquidity Miners: TEL Utility

  • TEL Consumption Use: Liquidity Miners use TEL to exchange for other assets using TELx liquidity pools, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.
  • TEL Production and Harvesting Use: Liquidity Miners provide TEL and other assets to TELx liquidity pools and stake their liquidity provider tokens (LPTs) in TELx incentives contracts.
  • TEL Earning Power: Their proportion of the total liquidity provided to a pool and staked in TELx contracts determines a liquidity miner’s earning power.
    • TEL Exchange fees: Liquidity Miners earn a percentage of all exchange fees through their pools based on their pro-rata share of liquidity in those pools.
    • TEL Issuance: Liquidity Miners harvest TEL issuance from TELx based on their pro-rata share of staked liquidity on TELx.
  • TEL Revenue
    • TEL Exchange Fees: Liquidity Miners earn TEL fees each time users trade TEL for another asset using their liquidity pool.
    • TEL Issuance: Liquidity Miners harvest TEL issuance from TELx staking contracts.
  • TEL Governance Use
    • Political Power: Liquidity Miners’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of liquidity staked in TELx. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • TAN: TEL Utility

    Mobile Application Customers: Consumer TEL Utility

    Use TEL to settle payments, to exchange between assets on TELx and pay exchange fees, and pay TEL gas fees on Telcoin Network to have their transactions included in blocks and secured to the blockchain.

  • TEL Self-Custody: At the Application layer, users can securely store their TEL for later use without reliance on third parties or the need to secure a private key off-line.
  • TEL Exchange: Users can exchange TEL directly with any other asset available across TELx instantly, at any time, without reliance on third parties to match orders or custody assets.
  • TEL Payments: Users can transfer TEL between application accounts or to any compatible external wallet instantly, at any time, peer to peer.
  • TEL Gas Fees: Native to Telcoin Network, users or Applications pay gas fees in TEL to transfer and trade assets.

    • Developers: TEL Utility

  • TEL Consumption Use: Developers exchange TEL for other assets using TELx and use TEL to pay gas fees on Telcoin Network in order to have their and their user base’s transactions included in blocks and secured to the blockchain
  • TEL Production and Harvesting use: Developers must stake TEL to participate, the quantity of TEL an individual developer has staked determines their earning power, and Developers earn TEL fees and harvest TEL issuance.
  • TEL Earning Power: The quantity of TEL staked by a Developer determines the quantity of TEL that is available for them to harvest from TAN.
    • Maximum weekly TEL issuance: Developers may mine their accrued weekly TEL issuance from TAN if their:

        Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)

  • TEL Revenue
    • TEL Fees: Developers earn TEL fees when their customers transact and pay fees using TEL.
    • TEL Issuance: Developers harvest TEL issuance from TAN staking contracts.
  • TEL Governance Use
    • Political Power: Developers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all Developers. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.

    • Stakers: TEL Utility

  • TEL Consumption Use: Stakers exchange TEL for other assets using TELx, use TEL to settle payments, to access other blockchain products available to mobile users, and use TEL to pay gas fees on Telcoin Network in order to have all of their transactions included in blocks and secured to the blockchain.
  • TEL production and harvesting use: Mobile application users must stake TEL on TAN to participate in the role, the quantity of TEL staked by an individual participant determines their earning power. They earn referral fees in TEL and harvest TEL issuance from TAN.
  • TEL Earning Power: The quantity of TEL staked by a participant determines the quantity of TEL that is available for them to harvest from TAN.
    • Maximum weekly TEL issuance: Stakers may mine their accrued weekly TEL issuance from TAN if their:

        Total staked TEL > (TEL issuance income/ lifetime + TEL issuance income/ current week)

    • TEL Referral fee rate: The quantity of TEL staked by an individual actor outputs a referral fee rate that determines what percentage of their referred users’ transaction fees they earn. Additionally, stakers earn referral fees in TEL and harvest issuance in TEL.
  • TEL Revenue
    • TEL Fees: Stakers harvest TEL from TAN and earn a percentage of their referred users’ fees in TEL. If their referred user transacts and pays a transaction fee in a token other than TEL, the referral fee first exchanges for TEL on TELx then distributes to the staker, all in the same transaction.
    • TEL Issuance: Stakers harvest TEL issuance from TAN staking contracts.
  • TEL Governance Use
    • Political Power: Stakers’ power within their Miner Group in Telcoin Platform governance is based on their pro-rata share of TEL staked on TAN by all mobile users. This influences their proposal and voting power in Council Member selection processes and constitutional-choice decisions that affect that governance system rules.