TELIP: Treasury Allocation for Provisioning and Incentives

Council Proposals TELIP
1

TELIP: Treasury Allocation for Provisioning and Incentives

Abstract

This proposal seeks approval for a TEL allocation from the Treasury to finance current and forthcoming operational, technical, and ecosystem growth needs. The allocation will support provisioning for Telcoin Network code audits and network implementation, development, technology costs, exchange-related costs, marketing, and existing approved proposals that currently lack execution funding. It will also increase validator incentives to bootstrap the Telcoin Network during its formative phase.

Specification

The proposed allocation is divided into two main categories:

  • Provisioning Budget Details

  • Incentives Budget

Provisioning Budget Details

This section outlines each budget category for TEL provisioning from the Treasury, including descriptions, expected costs, rationale, and any special considerations.

1. Telcoin Network Audit & Installation

  • Description: Funding for code audits, implementation, and any related technology expenses for Telcoin Network (DexGuru).

  • Expected Cost (USD): $625,000

  • Requested TEL Allocation: 210,000,000 @ $0.003/TEL

  • Notes: Will fund upcoming audits/ competitions and developer time to get Telcoin Network to Mainnet

2. Exchange Listings & Related Costs

  • Description: Funding for exchange listings

  • Expected Cost (USD): $300,000

  • Requested TEL Allocation: 100,000,000 TEL

  • Notes: Budget to be finalized during PC<>TC Council meeting.

3. Marketing & Awareness Campaigns

  • Description: Funding for Telcoin growth initiatives, community onboarding, and general brand awareness. Includes campaign development and execution provided by STORM (in line with TELIP: RFQ – Strategic Marketing & Communications Partner).

  • Expected Cost (CHF): 160,000 CHF (200,000 USD at 0.80 USD per 1 CHF)

  • Requested TEL Allocation: 66,666,666.67 TEL

  • Notes: This figure is based on the Storm campaign proposal received via RFQ.

4. Unfunded Approved Proposals

4.a. TIP: Proposal to Transition Council Meeting Streaming from Discord to Zoom

  • Description: Migration and associated running costs related to improved streaming capabilities, including recording and editing of council meeting videos.

  • Expected Cost (USD): 481 USD per month

  • Requested TEL Allocation: ~ 137,427 TEL per month, therefore requesting 900k TEL for next 6 months (budgeting 150k TEL per month to allow for price fluctuations, to be paid monthly)

  • Notes: Including license costs and ongoing operator fees (surplus to council member requirements)

4.b. TELIP: Telcoin Holdings Shared Services Agreement

  • Description: Outstanding operational expenses billed to Telcoin Holdings on behalf of the Telcoin Association or ecosystem execution. May include shared services, market maker fees, infra, administration, and early validator onboarding costs.

  • Outstanding Costs and Requested TEL Allocation (TEL): 250,000,000 TEL

  • Notes: Outstanding balance owed for labor, technology costs, and market maker loans - in line with the shared services agreement.

Incentives Budget

Funds allocated to improve early validator economics and drive secure decentralization of Telcoin Network.

Validator Incentives (Bootstrap Phase)

  • Description: Enhanced emissions levels to encourage participation and bootstrap security at the outset of the network’s launch

  • Requested TEL Allocation: 50,000,000 TEL

  • Notes: Builds early validator momentum at a critical time

Rationale

Adjusted Market Conditions

The Year 2 TELIP was proposed and passed under a significantly higher market valuation. A reduced token price requires greater issuance to maintain continuity of development and growth.

Network Launch Phase

As the Telcoin Network enters its mainnet phase, it is critical to allocate sufficient resources for both execution (provisioning) and incentives. This includes ensuring audits, infrastructure provisioning, liquidity, and validators are properly funded and operational.

Execution Gap

Several governance-approved initiatives remain unfunded due to lack of an explicit TEL issuance. This TELIP aims to bridge that gap.

All excess TEL will be preserved for future use and allocated by the Platform Council via TIP at the end of the year.

Implementation

Upon TELIP approval, funds will be transferred from the TEL Treasury (Ethereum) to respective safes:

Safe Name Purpose TEL Allocation Transaction Hash (post-approval)
TAO Safe (Polygon) Code Audits, Network development, Telcoin Holdings Shared Services, Audits, Technology Costs, Outstanding Approved Proposals 460,900,000 [pending]
TAO Distribution Safe (Polygon) Early-stage validator incentives and STORM Partners shared services agreement 116,666,666.67 [pending]
Platform Council Safe Exchange Listings 100,000,000 [pending]
Total 677,566,666.67
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Thank you for this proposal - looking forward to the next few months!