Update (2025/02/21): As decided by the Platform Council in their meeting on 2025/02/20, the Snapshot vote will go live on March 7, 2025 at 6PM CT
Context: This liquid delegation proposal is being submitted following the passing of CCIP1, which resulted in the removal of a Platform Council member representing the Liquidity Miners Miner Group due to a failure to meet participation requirements. Their governance NFT has been revoked, and the Telcoin Autonomous Ops (TAO) has temporarily taken over voting responsibilities until the vacancy can be filled through this process. The TAO’s role as a substitute voter ensures that affected proposals, which in this case received unanimous consent from the other council members and achieved the approval rate threshold of 6/8, can be voted into action.
Per the Liquid Delegation Rules, this proposal is being initiated to elect a new Council Member from the Liquidity Miners Miner Group. As the seat is available (as a result of CCIP1) the previous member won’t be included in the subsequent snapshot vote by default.
Liquid Delegation Process
- Miner Group Affected: Liquidity Miners
- Vacant Seat: 1 Platform Council position
- Proposal Authority: As per the Liquid Delegation Rules, this proposal will be submitted by the TAO.
- Nomination Period: Candidates must submit a nomination application to this forum post, at the latest, 24 hours prior to the proposal going live on Snapshot on March 7, 2025 at 6PM CT
- Voting Duration: 7 days
- Quorum Requirement: 20% of the Liquidity Miners Miner Group’s voting power
- Outcome: The candidate with the most votes will receive the Platform Council Governance NFT, granting them proposal, voting authority, and a flow of TEL issuance.
Nomination Application Requirements
Applicants submit their nomination post in response to this forum post. This should include the following information:
- Candidate Information: Submit the following information:
- Preferred Name and Country: Preferred name and location
- Wallet Address: Wallet address used to be used in Council member voting
- Note: By submitting your wallet address you are sharing the ownership and transaction history for the entire world to see and associate with you. Only submit an address you are comfortable sharing publicly.
- Social Media: Telcoin Discord username, Twitter account
- Miner Group: Staker
- Specializations: Select from one or more of the following specializations and describe your experience.
- Marketing and Education
- Product, Data, Information
- Communication and Ecosystem Development
- Production Coordination and Infrastructure
- Council Nomination Application: Provide responses to the following questions:
- Introduction
- How did you find out about Telcoin and why are you excited about being a part of the Telcoin community
- What experience do you have in interacting with the Telcoin Platform as a user, miner, and/or overall ecosystem participant?
- Introduction
- Why should you be selected?
- Why are you running for this position?
- What unique skills, experiences and credentials do you bring to the role that will assist you in fulfilling your regular and special duties?
- What changes and improvements do you plan to propose?
- How will you represent your miner group in decision-making processes to ensure their interests are being voiced and protected?
- How will you keep your constituency informed?
- How much time can you dedicate to the role each week?
Voting Process
- Between now and the finalized proposal date, eligible candidates will be included in a snapshot vote for the Liquidity Miners Miner Group.
- Voting will last 7 days.
- Plurality-based selection: The candidate with the highest number of votes will receive the governance NFT.
- If the quorum (20%) is not met, the TAO will maintain voting authority until another delegation is completed.
Next Steps
- Call for Nominations – Interested candidates should submit their nomination applications below this post before the Snapshot vote goes live. The Snapshot vote go live date will be discussed at the next Platform Council meeting on 20th February 2025 ).
- Snapshot Vote – On the finalized proposal date, a 7-day vote will be held within the Liquidity Miners Miner Group Snapshot page.
- NFT Transfer – Provided the quorum is met, the winning candidate will be granted their governance NFT, officially joining the Platform Council.