Governance
Promises against delivery, how council members vote, live proposals, and this year’s allocation.
Promises vs. delivery
Commitments made in proposals and official updates, checked against what actually happened. Where the chain or the forum can prove it, the status updates on its own.
| Commitment | Due | Status | Evidence |
|---|---|---|---|
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Council scorecards
How each council member votes. Seated members are whoever holds a council seat token today, so a member who never votes still appears. Each seat pays 909,091 TEL a year.
| Member wallet | Seat | Voted | For / against / abstain | Typical time to vote |
|---|---|---|---|---|
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Governance
The Telcoin Association is a Swiss Verein organized around four miner groups: validators, liquidity miners, stakers, and application developers. Each has an elected council. Treasury releases follow a fixed path.
Forum review
A TELIP is posted to forum.telcoin.org for community discussion.
Platform Council
Snapshot vote needing 6 of 8 approvals within 120 hours.
Treasury Council
Snapshot vote needing 4 of 4 approvals within 72 hours.
Compliance veto
A 72-hour window for the Compliance Council to veto before funds move.
TELIPs
Allocation proposals that move TEL out of the treasury.
TGIPs
Constitutional changes, such as recording the v3 contract in the constitution.
TNIPs
Telcoin Network improvement proposals, at tnips.telcoin.network.
Latest proposals on the forum
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Latest council votes
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Distributions
Each year the Platform and Treasury Councils vote a TEL allocation out of the treasury into safes. Once transferred, each council controls its own budget, and transfers are final.
Year 3 allocation (2026): 900M TEL, passed May 2026
| Safe | Use | TEL | Share |
|---|
Year 2 carryover
599.7M TEL plus $184.6K USDC rolled into 2026, including 301.8M in the Telcoin Network safe and 164.8M in the TAN safe.
Council pay
909,090.909 TEL per council member per year, streamed through a governance NFT across a 12-month term. 33 seats.
TAO total resources
600M TEL for 2026 operations, budgeted at $1.8M using a $0.003 TEL price assumption.
October 2026 supplementary: up to 810.3M TEL
TEL closed below $0.003 on 188 of 202 days to late August, so the 600M TEL operations budget funded about $1.41M of the $1.8M planned, and engineering scope grew. The top-up to year end is priced at $0.0015 per TEL and released in two tranches.
Invoices due and October costs. Paid out, per the treasury balance above.
After the Q3 report and November finance summary, sized at the price then.
Stays in the treasury; drawn only if a cost runs over.
Includes $138K for an RPC service, native oracle, and MNO wallet SDK.
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