Telcoin

Snapshot

Function

Snapshot is the mechanism used by Miner Councils and Miner Groups to vote on all governance related decisions.

Specification

  • Each Snapshot space has its own associated ENS name and voting “strategy.”
  • A voting strategy is how Snapshot determines the voting power of an account.
    • Council voting strategies will be 1 Council NFT = 1 Vote.
    • Constituency voting strategies will vary (e.g. 1 Staked TEL = 1 Vote, 1 TEL worth of LPT = 1 Vote, etc.)
  • Each Snapshot space vote will be executed on the respective Gnosis Safe by the TAO.

Rationale

Snapshot is a highly popular DAO voting tool. It has a familiar, intuitive interface and does not require transaction fees. It is highly extensible and new features and improvements are continuously added by the community.

Snapshot Configurations

  • Space Name | Link | Strategy | Controller | Admins | Members/Authors | Proposal Validation | Plugins
  • TAO | https://snapshot.org/#/telcoinfoundation.eth | ERC721 (1 Council NFT = 1 vote) | TAO | Admins: TAO Members → None! | None | Basic, Threshold = 1 | SafeSnap: 0xb478771FfFB76bcFBc0Dd558e0BC26F352315646
  • Telcoin Treasury | https://snapshot.org/#/telcointreasurycouncil.eth | ERC721 (1 Council NFT = 1 vote) | TAO | Admins: TAO Members → None! | Platform Council and TAO Member Addresses | None | SafeSnap: 0x114F607d518ae2C71362EA1870b1aA1eAA4cC430
  • Platform Council | https://snapshot.org/#/telcoinplatformcouncil.eth | ERC721 (1 Council NFT = 1 vote) | TAO | TAO Members → None! | TAO Member Addresses | Basic, Threshold = 1 |
  • Compliance Council | https://snapshot.org/#/telcoincompliancecouncil.eth | ERC721 (1 Council NFT = 1 vote) | TAO | TAO Members → None! | TAO Member Addresses | Basic, Threshold = 1 | SafeSnap: 0xa4D49D7a551745B8Fac98547967FB201B6370605
  • TELx Council | https://snapshot.org/#/telxcouncil.eth | ERC721 (1 Council NFT = 1 vote) | TAO | TAO Members → None! | TAO Member Addresses | Basic, Threshold = 1 | SafeSnap: 0x41012184e85795EaDa7d14463853d5bAfB657F7b
  • TAN Council | https://snapshot.org/#/telcointancouncil.eth | ERC721 (1 Council NFT = 1 vote) | TAO | TAO Members → None! | TAO Member Addresses | Basic, Threshold = 1 | SafeSnap: 0xf2A5dA4d6dFCe194DE4CCf6071ad5F495499fb3f
  • TELx Miner Voting | https://snapshot.org/#/telxvote.eth | TEL value of LP tokens is voting power | TAO | TAO Members → None! | TAO Member Addresses | Any LP who has at least 2% of the total LPTs can create a proposal | SafeSnap: 0x5f3338919CC834530bf68d67CF682C69f269b440
  • Telcoin Staker Voting | https://snapshot.org/#/telcoinstakervote.eth | ERC20 (Staked TEL) | TAO | TAO Members → None! | TAO Member Addresses | Any Staker who has at least 2% of the total Staked TEL can create a proposal | SafeSnap: 0x4AA5F11e97cE94CaEb8338ed0bE792aC25B8FE7e
  • Telcoin Developer Voting | https://snapshot.org/#/telcoinappvote.eth | ERC20 (Developer Staked TEL) | TAO | TAO Members → None! | TAO Member Addresses | Any Staker who has at least 2% of the total Staked TEL can create a proposal | SafeSnap: 0x87BF33ef48046e3473925Cf24079b47dC9cEC276
  • Telcoin Validator Voting | https://snapshot.org/#/telcoinvalidatorvote.eth | Custom Validator Staked TEL strategy | TAO | TAO Members → None! | TAO Member Addresses | Any Validator who has at least 2% of the total Validating power can create a proposal | SafeSnap: 0xb09e926C2e29a843C21e6219E0Ef0C67568840b6
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