$TEL TELIP: The TEL Token Upgrade
Activating TEL as the Native Token of Telcoin Network
This TELIP proposes the development, third-party security assessment, and deployment of the native TEL token contract and its supporting upgrade contracts across Ethereum, Polygon, Base, and Telcoin Network, in coordination with Telcoin Network mainnet launch.
In exchange for approving this upgrade, the ecosystem receives the following:
1. A standards-compliant, 18-decimal TEL token that every exchange, decentralized exchange, lending market, aggregator, bridge, and institutional custodian in the EVM ecosystem can list and integrate by default, with no bespoke engineering.
2. TEL activated as the native gas token of Telcoin Network at genesis, creating recurring, structural, on-chain demand for TEL for the first time.
3. A single, unified contract address across all supported chains, with mint and burn capability and clean cross-chain liquidity, using Telcoin Network as the source of truth for total supply.
4. A direct community voice in the upgrade, through ratification of the downstream constitutional amendment that records the upgraded TEL as the canonical TEL going forward.
Conclusion
TEL was built for a network that did not exist yet. That network is now here, and this upgrade is TEL taking its native form: the standards-compliant, finely-divisible, cleanly-bridgeable token that powers its own Layer 1 and that the entire market can finally integrate without exception.
https://forum.telcoin.org/t/telip-the-tel-token-upgrade/847/4
Activating TEL as the Native Token of Telcoin Network
This TELIP proposes the development, third-party security assessment, and deployment of the native TEL token contract and its supporting upgrade contracts across Ethereum, Polygon, Base, and Telcoin Network, in coordination with Telcoin Network mainnet launch.
In exchange for approving this upgrade, the ecosystem receives the following:
1. A standards-compliant, 18-decimal TEL token that every exchange, decentralized exchange, lending market, aggregator, bridge, and institutional custodian in the EVM ecosystem can list and integrate by default, with no bespoke engineering.
2. TEL activated as the native gas token of Telcoin Network at genesis, creating recurring, structural, on-chain demand for TEL for the first time.
3. A single, unified contract address across all supported chains, with mint and burn capability and clean cross-chain liquidity, using Telcoin Network as the source of truth for total supply.
4. A direct community voice in the upgrade, through ratification of the downstream constitutional amendment that records the upgraded TEL as the canonical TEL going forward.
Conclusion
TEL was built for a network that did not exist yet. That network is now here, and this upgrade is TEL taking its native form: the standards-compliant, finely-divisible, cleanly-bridgeable token that powers its own Layer 1 and that the entire market can finally integrate without exception.
https://forum.telcoin.org/t/telip-the-tel-token-upgrade/847/4