Second Telcoin Association Election
We are excited to announce the Second Telcoin Association Elections on November 5th at 4:00 pm CDT!
We encourage all community members to nominate themselves for a Council Member role!
Running for Office
We are excited to continue this journey together and look forward to your active participation in shaping the future of Telcoin. Your involvement is crucial to our collective success and innovation in the blockchain finance space. Nominate yourself for a position on any of the Miner Councils to actively participate in the governance and direction of the Telcoin Platform. Ensure your voice and interests are represented, apply on the Association Forum now!
- Stakers: Apply now!
- Liquidity Miners: Apply now!
- Developers: Apply now!
- Validators: Apply now!
Second Association Election: Overview
On Wednesday, November 5th at 4:00 PM CDT, TAO will submit five Council Election Proposals for each Miner Group. Miners vote for candidates based on their pro-rata share of TEL voting power within their Miner Group at the time of the proposal.
Should a Miner Group fail to elect a Council Member(s), the TAO substitute votes on their behalf until a new candidate is elected.
The election lasts seven days, concluding on November 12th at 4:00 PM CST.
Election Details
When
- Proposal Date: Wednesday, November 5th at 4:00 PM CDT, 2 PM PDT
- Council Nomination Deadline: Tuesday November 4th at 4:00 PM CDT.
- Duration: 7 days
Voting Rules
- Proposal Author: The TAO will propose 5 Miner Council Election proposals at the same time to each Miner Group snapshot.
- Approval Rate: Plurality; the candidate(s) with the most votes wins.
- Quorum Threshold: 20% of TEL staked by each Miner Group must vote for the candidates to be elected, or else the TAO will substitute vote on their behalf until a candidate is elected through liquid delegations.
Compliance Approval
- Council Verification: Upon election, Council Members must complete mandatory identity verifications with the Compliance Council and TAO within 30 days, or else the TAO will substitute vote on their behalf until it is completed.
Learn more about Council Elections.
Election Process
The elections will follow a simple sequential process:
- October 4th - November 4th at 4:00 PM CDT: Nominee application submission. Each community member wishing to run for a position representing their chosen miner group within a chosen council submits an application on the Telcoin forum. This step is described in detail in the Nomination Instructions section.
- November 5th at 4:00 PM CDT - November 12th at 4:00 PM CDT: Voting. Community members will vote for candidates using Snapshot. Voters can change their votes during this time, but all votes are final when the voting period ends.
- November 12th at 4:00 PM CDT: Results. Voting will close and results will be immediately available.
- November 12th - November 19th: Council ID Verification. Nominated applicants will be required to complete KYC. This is outlined in Authorization of Members Elected to Miner Councils.
The current priority for Telcoin community members is the nomination application submission. The following guide is designed to aid people in submitting their applications. We invite all Telcoin community members to submit an application.
Nomination Instructions
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Familiarize yourself with the Miner Groups, considering which group you most fit into, and Miner Councils, including their roles and responsibilities.
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Decide, based on your attributes, skills, experience and interests, which miner group you would most like to represent and which council you would like to join.
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Note: The number of members in the table below shows the open positions for the specific Miner Group on the corresponding Miner Council.
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Find your specific forum from the links in the table below, clicking the link at the intersection between your preferred miner group and preferred council.
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For example, liquidity miners interested in running for the TELx Council should select “3 Members” in the table below.
| Miner Group | TAN Council | TELx Council | Platform Council | Treasury Council | Compliance Council |
|---|---|---|---|---|---|
| Stakers | 2 Members | 1 Member | 2 Members | 1 Member | 1 Member |
| Liquidity Miners | 1 Member | 3 Members | 2 Members | 1 Member | 1 Member |
| Developers | 2 Members | 1 Member | 2 Members | 1 Member | 1 Member |
| Validators | 1 Member | 1 Member | 2 Members | 1 Member | 1 Member |
- Once in the correct forum, read the top post in the forum, which will be a post similar to the one below.
- To submit an application, click the ‘Reply’ button in the bottom right of the post (highlighted in red in the screenshot). This will open a text box to input answers to the above questions. Candidate information must be fully filled out, while the questions in the council nomination application are just intended to serve as a guide.
- Once happy with your application, click ‘Reply’ (highlighted in red in the screenshot):
- Congratulations on your application!
- Double check your post has appeared at the bottom of the forum and check back periodically to see if there have been any updates on your application.
- As always, if you have any issues with any of the steps outlined here, please contact us via Discord!