The addition of new decentralized TELx Markets into the Telcoin Application follows a systematic, rules-based process and phased approach.

Phase One

Product Design: Telcoin, the core developer of the Telcoin Platform, begins by designing a user-owned product.
Market Selection: Telcoin selects which DeFi protocols, assets, and individual markets are required to bring that product to market.
Incentives Launch: Telcoin will then calculate and deploy incentives to staking contracts on the TELx Staking Portal.

Phase Two

TELx Miners create TELx pools on AMMs or add self-custodial liquidity reserves to existing pools, stake their LP tokens in the respective TELx Staking Contracts, and begin mining TEL in addition to capturing fees. When a market reaches product viability, it will then be integrated into the Telcoin Application.

Product viability factors include:

Sufficient Decentralization: At least 15 liquidity miners must be participating at one time, for at least 14 days, prior to being considered for integration.
Minimum Viable Liquidity: Transaction costs, such as slippage, must be negligible for the average order size.
Speed & Affordability: Network costs (gas) must be negligible, transaction speeds nearly instant.
Integration Viability: Once the above factors have been met, developers then determine how, when, and if a market can be integrated into the Telcoin Application.

Phase Three

When a market goes live in the Telcoin Application, end-users benefit from an additional product offering, where they can participate as TELx Miners and capture trading fees from transaction volume tied to user demand of a tangible product. When end-users participate as Miners on the decentralized products they use in their daily lives, they effectively “pay themselves” instead of an institution.