Block Explorer Payment

Abstract

Telcoin Network’s annual payment of $50,000 equivalent USDC for maintaining the block explorer at https://telscan.io

As part of TGIP1 outcome, the amount of 30mil TEL was allocated for this expense. The TAO has transferred 25k USDC and owes an additional 25k USDC to block explorer maintainers.

Specification

Transfer TEL to an external address, swap for USDC, and pay DexGuru 25,000 USDC for block explorer costs.

Rationale

The block explorer’s annual cost is 50k USDC from April 2024 to April 2025.

Implementation

TAO members will vote through snapshot for transparency. The amount will then be transferred to the destination address specified in this proposal.

Transactions: Please follow the below instructions to make a TEL transfer.

Destination address: 0xa2Cf93737620D90b19fC83e30039057AA9C1653d

5 Likes

Status: Approved

TAOIP-1 was approved

Details

Snapshot

Snapshot vote

TEL Transfer

15,625,000 TEL - transaction on polygonscan

Transfer to DexGuru

25 USDC confirmation payment - transaction on etherscan

Remaining 24,975 USDC payment - transaction on etherscan

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