TAN Harvesting Rules
Telcoin Application Network (TAN): TEL Harvesting Rules
Developers are GSMA members who stake TEL on TAN, produce mobile applications that connect users to the Telcoin Platform. Developers harvest TEL based on their mobile application’s adoption of the Telcoin Platform.
Stakers are business and retail Telcoin mobile application customers who stake TEL, market the Telcoin Platform to their business, customer, social networks to establish the system as infrastructure for settling payments other blockchain-powered use cases. Stakers harvest TEL based on their adoption and the network’s adoption of the Telcoin Platform.
The TAN Council sets and enforces the harvesting rules and allocates TEL within Telcoin Application Network to be harvested by Developers and Stakers. The TAN harvesting rules are as follows and are subject to change based on decisions made by the TAN Council using the TANIP process.
TAN Harvesting Rules: Overview
- Miner | Production Activities | Y1 TEL Allocation | Basis for TEL Income
- Developers | TAN: Mobile application development
Produce mobile apps which integrate with the Telcoin Platform and securely connect users to its services.
Stake TEL on TAN
Stake TEL in TAN staking contracts to harvest TEL. | Annual: 166.66M
Flow: 3,205,128.205 weekly | Pro-rata share of their mobile application’s (Referral fees + TELx exchange fees + Telcoin Network gas fees paid by users) vs other developers each week. - Stakers | TAN: Platform adoption
Use the system, market and connect to their networks to establish the Telcoin Platform as infrastructure for settling payments.
Stake TEL on TAN
Stake TEL in TAN staking contracts to harvest TEL. | Annual: 166.66M
Flow: 3,205,128.205 weekly | Pro-rata share of their (fees paid + their referred users’ fees paid) vs other stakers each week.
- Maximum TEL Issuance Available: Developers and Stakers may mine their accrued weekly TEL issuance if their total staked TEL balance throughout the entire week is greater than their lifetime TEL issuance earnings plus issuance income during the week.
- Excess TEL: Any excess TEL which has not been mined from TAN during the week will be distributed to the TAN Council safe to be allocated by the TAN Council.
Position Rules
Application Developers
Role: Mobile application development
Application Developers are GSMA members who produce mobile applications that integrate with the Telcoin Platform and enable users to securely access its products and services.
Stakers
Role: Marketing and platform adoption
Stakers are individual or business Telcoin mobile application customers who market Telcoin to their friends, family, and business payment networks to establish the Telcoin Platform as infrastructure for settling payments and other, blockchain-powered, consumer use cases.
TAN Council
Role: Governance and management
The TAN Council is the local governance organization with authority, using the TANIP process, to set, enforce, and refine the rules for interacting with TAN, and they are responsible for providing improvements and for allocating TEL within TAN to be harvested by local miners according to those rules.
The TAO
Role: Construction and maintenance
As authorized, directed and financed by the TAN Council, the TAO is responsible for maintaining existing infrastructure, constructing new systems, and coordinating with third-parties to produce and administer public goods.
Further details: for more information about TAN Miners and relevant organizations, review:
Eligibility and Authorization Rules
- Miners | Required Attributes | Registration Process | On-going requirements | Exit
- Developers | Org Requirements: All GSMA Members are eligible to participate.
Location Requirements: The entity must be located in a non-sanctioned country according to the United States OFAC/FINCEN sanctions list. | 1. Forum Proposal: Developer Authorization proposal to the Telcoin Forum.
2. Compliance Council Improvement Proposal (”CCIP”): The TAO proposes the Developer to Compliance Council
3. Authorization: Compliance Council affirms proposal.
4. Proof of Alignment: Stake TEL from governance-authorized wallet address.
5. Deployment: Deploy a TAN mobile application. | Proof of Alignment: Developers must maintain a staked TEL balance from their governance-authorized wallet address in order to continue harvesting TEL issuance from Telcoin Application Network (”TAN”) and to participate in governance.
Application Requirements: Mobile Application must adhere to Application Infrastructure standards. | Unstake TEL: Developers may exit their position at any time by removing their entire staked TEL balance.
Sanctions: The Compliance Council may sanction Developers for failing to adhere to application infrastructure standards by revoking their right to vote and harvest TEL issuance after multiple repeated offenses in a graduated manner according to the seriousness of the transaction. - Stakers | Org Requirements: All natural, individual persons, businesses or similar entities, are eligible to participate.
Location Requirements: The participant must not reside in a sanctioned jurisdiction according to the United States OFAC/FINCEN sanctions list. | 1. User Sign-up: Download and register on a Telcoin application and complete KYC.
2. Network Connection: Integrate another user’s referral code.
3. Proof of Alignment: Stake TEL on TAN from their Telcoin mobile application wallet. | Proof of Alignment: Stakers must maintain a staked TEL balance in order to continue harvesting TEL issuance from TAN and to participate in governance.
User Account: Stakers must interact from a user account on a registered Telcoin mobile application. | Unstake TEL: Stakers may exit their position at any time by removing their entire staked TEL balance.
Account Termination: Users who voluntarily or otherwise terminate their TAN mobile application account may not participate as a staker until their account is reinstated.
Authority Rules
Developers: Required and Authorized Actions
Required Actions
In order to harvest TEL issuance, Developers must:
- Stake TEL from their authorized wallet address.
- Deploy a mobile application which adheres to Application Infrastructure standards.
Authorized Actions
Developers may harvest as much TEL as they are capable based on their own efforts and abilities from the following issuance allocation over time based on the formula provided below.
- TEL Allocation (Y1): Developers harvest from a flow of 166.66M TEL in year one at a rate of 3,205,128.205 TEL per week.
- Basis for Income: Pro-rata vs other developers based on their mobile user base’s share of(Referral fees + TELx exchange fees + Telcoin Network gas fees paid)/week
- Maximum Weekly TEL Issuance: Developers 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.
- Time Slots: Each harvesting period lasts for 7 days starting and ending at 00:00 UTC time at the beginning of each week.
Technologies Used: Private technologies Developers use to harvest TEL from TAN.
- 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.
- Authorized wallet: Developers stake TEL, harvest TEL issuance and vote in governance from a wallet address that has been authorized by the Compliance Council.
- Application Infrastructure: Mobile application systems that are required to be put into place and maintained by Developers for users to access the Platform and its services. Each developer’s Mobile Application must meet certain standards, set, enforced, and refined by the TAN Council, in order for them to continue harvesting TEL from TAN.Application Requirements
- Telcoin Mobile Application: iOS or Android mobile applications built on the Telcoin Platform including:
- An Interface Connected to the Telcoin Platform: An intuitive interface connecting users to TELx and Telcoin Network.
- Banking Infrastructure: Including at least one-fiat on and off-ramp for stablecoins.
- Staker Capabilities: Staker referral code, harvesting, and governance functionality in place for users to participate as stakers.
- Secure-Self Custody Implementation: A secure, multi-signature or multi-party computation wallet implementation for users.
- Trade Router API: Connecting the app to TELx markets for exchange.
- KYC/AML systems: Verifying the identity of users to ensure 1 user 1 account and compliance with local laws
- Telcoin Mobile Application: iOS or Android mobile applications built on the Telcoin Platform including:
Infrastructure Involved: The TAN systems Developers interact with to produce, consume services and harvest TEL issuance.
- Component, Function | Description
- Storage Facilities
The facilities that store TEL inventories within the system prior to allocation, distribution, and extraction. | TAN Council Gnosis Safe: The primary stock of TAN issuance which receives, stores, and generates a flow of TEL issuance to be harvested by Developers and Stakers.
TAN Distribution Safe: Multi-signature wallet used to store the inventory of TEL units and distribute issuance to staking contracts to be harvested by Applications, Miners, Users during the first 13 weeks. - Distribution Facilities
Infrastructure involved in the distribution of TEL issuance from storage facilities to other facilities for later use and extraction facilities to be harvested by Miners. | TAN Council Telcoin-Distributor: Gnosis Safe module allowing the TAN Council to execute transactions proposed by a single council member without requiring a snapshot vote. This is useful for regular maintenance tasks, like topping up the TAN Staking Contract.
TAN Issuance Calculation Script: Calculates issuance allocation using an off-chain database and script. - Extraction Facilities
Infrastructure involved in the calculation and extraction of TEL units from the system by miners. | Staking Contracts: TEL staking contracts used by Stakers and Developers to stake TEL, allocate, and extract TEL issuance and fees.
Stakers: Required and Authorized Actions
Required Actions
In order to harvest TEL issuance, Stakers must:
- Stake TEL more TEL than the quantity of issuance they have harvested as a staker over their lifetime.
- Share their referral link with new users.
Authorized Actions
Stakers may harvest as much TEL as they are capable based on their own efforts and abilities from the following issuance allocation over time based on the formula provided below.
- Stakers
- TEL Allocation (Y1): 166.66M TEL in year one at a rate of 3,205,128.205 TEL per week.
- Basis: Pro-rata share of their (fees paid + their referred users’ fees paid) vs other stakers each week
- Maximum TEL Issuance: Developers and Stakers may mine their accrued weekly issuance if their total staked TEL balance throughout the entire week is greater than their lifetime TEL issuance earnings plus issuance income during the week.
- Excess TEL: Any excess TEL which has not been mined from TAN during the week will be distributed to the TAN Council safe to be allocated by the TAN Council.
- Time Slots: Each harvesting period lasts for 7 days starting and ending at 00:00 UTC time at the beginning of each week.
- 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.
- Mobile phone, Telcoin Application: Stakers access, store and participate in all interactions with the system using a Telcoin mobile application from their unique, multi-signature wallet on either an iOS or android mobile devices.
- Referral codes: Stakers market the platform and refer users to their network by sharing their unique referral code, which can be shared via QR code or a link. In order to participate, Stakers must first enter an existing user’s referral code.
- Component | Description
- TAN Application Infrastructure
Mobile application systems that are required to be put into place and maintained by Developers for users. | Telcoin Mobile Application: iOS or Android mobile applications built on the Telcoin Platform including
User Interface to the Telcoin Platform: An intuitive interface and system connected to TELx and Telcoin Network services.
Banking Infrastructure: Including at least one-fiat on and off-ramp for stablecoins.
Staker Capabilities: Staker production, harvesting, and governance functionality in place for users to participate as stakers.
Secure-Self Custody Implementation: a secure, multi-signature or multi-party computation wallet implementation for users.
Trade Router: Connecting the app to TELx markets for exchange.
KYC/AML systems: Verifying the identity of users to ensure 1 user 1 account and compliance with local laws - TAN Network Infrastructure
The technological systems involved in the creation, storage, distribution, and extraction of TEL issuance and other benefits on TAN, managed by the TAN Council. | Storage Facilities: TAN Council and TAN Distribution gnosis safes
Distribution Facilities: TAN Council Telcoin-Distributor, TAN Issuance Calculation Script
Extraction Facilities: Staking contracts - TAN Platform Infrastructure
The underlying blockchain systems that TAN depends on to function. | TELx: Miners and consumers at the application layer depend on TELx and other adjacent markets to supply and service exchange demand with liquid, decentralized financial markets.
Telcoin Network: Telcoin network serves as the execution and settlement layer for application layer users. The blockchain enables application users to transfer assets through a peer to peer network, to transact peer to contract using on-chain programs (”smart contracts”), and to verify their ownership and transaction history at any time by accessing the open, immutable, distributed ledger the network generates.
Adjacent Markets: The other blockchain networks, liquidity pools, and other adjacent markets on the Platform serving as infrastructure for Telcoin mobile applications to offer products to their customers.
Authority over TAN Harvesting Rules
The TAN Council, using the TANIP process, possesses authority to alter and enforce TAN harvesting rules, and is responsible for ensuring TEL is allocated and harvested according to those rules.
TAN Maintenance and Construction Rules
Until the TAN Council alters the arrangement, the TAO will maintain existing components on TAN. Any new construction will need to be planned, financed and coordinated by the TAN Council.