Telcoin Association Platform and Treasury Council Meeting

Hinzugefügt: 2026-06-06

[00:01:59]Mhm.

[00:03:14]>> [music] >> Mhm.

[00:05:57]>> execution of the governance network.

[00:06:00]And with that in mind, let's move on to today's agenda.

[00:06:08]So, we've got a quick recap of what went on a couple weeks ago. So, at the 39th platform and treasury council meeting, uh the team proposed updates on network development focusing on security hardening, improved node onboarding, and ongoing testnet stress testing with growing validator participation.

[00:06:28]Uh we've also had a rundown on the unified web presence.

[00:06:32]It's advancing well. The design phase is nearly complete complete.

[00:06:36]Content finalization's underway. Uh so, anytime now. And the the custom mobile first phase build phase is set to begin shortly.

[00:06:46]We also had a proposal uh regarding the contractor engagement framework that was discussed to formalize short-term engagements while ensuring governance oversight.

[00:06:56]And the Telcoin Explorer updated update highlighted ongoing fixes, scaling improvements, observer nodes deployment, and future dashboard uh solutions.

[00:07:06]These updates reflect strong momentum and steady progress across the ecosystem.

[00:07:12]Okay, so that's what happened last week and an introduction to the network and we'll move on to to what we're going to go through looking forward. So, if Grant, if you're available for updates on the Telcoin network.

[00:07:24]>> I am. Thanks, Hayden.

[00:07:26]Uh the team's top priority remains production hardening and enhancing security. So, on that note, you know, the process is really methodical and we've identified several key areas to kind of target before mainnet. Uh moving forward, we're going to be I'm going to do my best to review very specific and narrow uh with what we have outstanding as it comes up and to try to keep the road map as accurate as possible.

[00:07:48]Networking wise, we continue to improve reliable communication and discovery for nodes on the network. So in general, there's two types of nodes. We have validator nodes that vote and observer nodes that are tracking the committee of validators and their votes. So the network is continuing to grow at a healthy pace and has introduced new ways to improve the resilience and just overall network discovery of peers and that connect and then sync historic state. So as those nodes are connecting and they start syncing, we've also been tracking in the logs and we've seen a few frictional points that we can improve on.

[00:08:24]Syncing historic state is ultimately working well. It's relatively quick and that that validates the underlying system that we built is working as intended. But building on that, we've identified and want to improve on how the nodes stay up to date after their initial sync. And that work really goes towards ensuring that validators can smoothly transition into committees at epic boundaries.

[00:08:46]On the security front, we have continued to have a impressive turnouts from the AI security scans that continue to pay off. The most recent scan, for instance, just this week surfaced an issue in the core consensus registry that involved how certain cryptographic keys were validated. You know, ultimately, it would have allowed the same validator who has to go through an onboarding process with the councils to register a key twice. They still would have had a stake twice as well. But you know, that's the kind of things that we want to make sure are completely and thorough in in our assessments, right? Because you know, ultimately with a permission validator set, the risk is arguably low.

[00:09:23]But you know, that type of gap is is still you know, unacceptable. And this is what I mean when we're trying to go back 99% to 100% for mainnet readiness. So with that, we've taken a an approach in a different security stance on that particular BLS library in Solidity, which was originally intended to be our first security audit.

[00:09:48]And really taking a hard look at it, we've we've identified a way that I think realistically is much better long-term, although it does add a little bit of work initially.

[00:09:58]And that really is to reduce the attack surface from about 500 lines of code in Solidity cost gas and and ultimately fees down to only seven lines of code in a precompile for Telcoin network EVM that doesn't affect any sort of Ethereum compatibility, but that will dramatically reduce the attack surface and code and that refactor also reuses code that's already in scope for other audits, which will help us extend the security budget. So, you know, this is sort of those types of solutions I think are elegant and they're long-term what we're trying to figure out, but they take time and they are not exactly obvious initially. So, you know, that patch for instance though and good news that's the like the last known issue that we've identified before we start security audits for the consensus registry. So, we've reached out to our security partners and we're planning to schedule a a meeting to put this all in scope next week.

[00:10:56]>> [clears throat] >> Other than that we've onboarded five new data centers these past two weeks and there's another node that I believe is planning to come online next week.

[00:11:05]And the yeah, so it's exciting to see the network continue to expand and and grow the validation footprint. The protocol team is also working on designs still to support off-chain metrics for public-facing dashboards to make this information more accessible and we've already laid some of the groundwork in order to make that achievable. So, looking ahead we'll keep methodically working through this sort of hardening process in the code base and as issues arrive from and are brought to our attention from our our partners.

[00:11:36]Um and as always the road map is uh remains the source of truth. We did go through and provide a lot of detailed updates, um and I think, you know, moving forward that's that's my goal is to be a little bit more precise. Um the full expanded issues are in GitHub. They always are there, but I think, you know, as we get closer to mainnet, we'll make sure that people have that sort of insight into the project. So, I really appreciate everyone's patience, and and yeah, really uh proud of the work that's being done on the protocol team through this final phase.

[00:12:08]>> Great, Grant. Thank you for the update there, and um impressive to see going from 500 lines of code down to seven on an attack surface is it's got to be beneficial.

[00:12:19]Um All right. Well, if we move on to our next part, we've got progress on the web unification project.

[00:12:29]Blue Lights, if you're available uh to jump up there.

[00:12:33]>> Thanks, Hayden. Um yeah, going very well. We're coming to the end of um the second phase. Uh we have still got to get the content in, so uh we haven't finalized that yet, but we should be finalizing that hopefully next week. Um but yeah, overall, amazing. We're we're doing really well on that front, and and we're going to be entering the build phase in the next couple of weeks. Um so, yeah, it's great. But, I thought I I've I've been trying to give, you know, um some visual updates for a while now, um and we decided we'll we'll we'll give some now.

[00:13:09]Uh just one caveat, that what I what I'm going to show you now, I can't show you everything, so I'm going to just give you a taste there, but just keep in mind that any content you see is just placeholder. It's It's not finalized.

[00:13:22]It's not 100% accurate. This is more obviously the design of the pages. Um yeah, let's get right into it.

[00:13:31]So Yeah, so our home page after much thought you know, deliberation and going back and forth is going to let me just get the zoom going here.

[00:13:46]Why isn't it letting me zoom in?

[00:13:49]Uh let's have a look.

[00:13:51]For some reason when I'm sharing my screen it doesn't let me to zoom in.

[00:13:55]Uh okay, anyway, so yeah, this is the home page currently. So Uh a lot of thought has gone into to how the home page is going to affect the user journey of whoever lands on it. So you can see now we've kind of got a lovely clear kind of image and and header straight to the point.

[00:14:14]Everything's branded Telcoin Network because that's what it is. It's going to be telcoin.network and that's the the crux of of of the product.

[00:14:22]Straight away we're going to we're trying to break down the barriers to make it easy to understand. So you've got choose your journey, you know, mobile network operator, developers, DeFi uh things like that. Um new users will can can go off somewhere to read more about it in depth. Um more about it. This is all rough. The the content is not not right here at all. Again, content isn't is not right, but we're just um trying to break down the layers uh you know, of how the network is going to work and the ecosystem is going to come together. Uh cuz one thing we all we've the one main reason why we're doing this is to unify everything and to make things a lot easier for everybody to understand what's going on here. Again, don't get excited by a Visa debit card. This is just like you know, placeholder text of like example products that can be built on the network.

[00:15:17]Um now I want to zoom out but I can't zoom out. I don't know why that's not letting me zoom out cuz I want to I want to stop my screen for a minute and share a different page.

[00:15:28]Uh yeah, see now it zooms out.

[00:15:31]>> Control control mouse scroll.

[00:15:33]>> Yeah, it wasn't working it wasn't working when I was doing it in when I was sharing the page for some reason. Um Let me just go back to here. Okay.

[00:15:44]Share this one.

[00:15:46]Uh okay, again so more about the council you know cuz we know that the Telcoin website is is data rich but uh quite difficult for users to kind of get through and understand what the what the council is. So obviously we're we're breaking it down with how the council is, how it works, you know, click off meet the council. These will all this will be updated and and and look better. Um Learn more about the association, you know, the governance forum, the latest Tel IPs and DIPs will will be here and then take you to to them to to read. Uh let's have a look and then I'm going to share one more page. Do you think I can share the Telex one? I think that one's all right, isn't it?

[00:16:29]>> Yeah, yeah.

[00:16:30]>> Yeah, yeah, yeah.

[00:16:31]That might be down here somewhere. No, it's not. Let me try and zoom out again.

[00:16:35]Oh, now it's letting me. Okay, let me zoom right out. Uh go down to >> And this is going to be compatible both desktop and mobile?

[00:16:45]>> Yeah, we've got a mobile we've got a mobile bit here somewhere.

[00:16:50]These pages get so big it's ridiculous but let's go and have a look at Telex.

[00:16:54]Now that's the old Telex. Is that okay?

[00:16:56]I'm not sure I'm on the right one but yeah. So the new kind of Telex header is going to be like this with the Telex logo.

[00:17:03]Um But yeah, in essence here you go. So you know, just an updated to to keep everything in line, you know, nice and easy how Telex works.

[00:17:14]Uh I about the liquidity pools. Um like this.

[00:17:21]I went to them. Lots of data and information on there.

[00:17:25]Uh staking the LPs, your portfolio page showing you which which pools you're in.

[00:17:33]Um I think the It's a new one. Let me go to I can't show one page of content. So, let me just go Yeah, this is mobile. So, obviously >> to say. Yeah, the far left there would be the mobile one. Yep.

[00:17:49]>> So, mobile, you know, something like this going to be like this. So, uh Just want to be careful what uh what we're sharing on here. Um but yeah, like uh where's the developer page? Is it this one?

[00:18:07]>> Should be middle. Yep. Mhm.

[00:18:09]>> Okay. Yeah, so one of the important one important pages you know, the kind of three Well, the MNO landing page and the developers landing page uh equally important.

[00:18:21]>> [clears throat] >> Um the developer landing page again this is again this is all just placeholder text, but straight away it's showing you the different paths you've got to building on the Telcoin network. You've got the GSMA path uh if you're a GSMA member.

[00:18:34]Um you know, then you'll be entitled to network rewards and also governance. Um if you're not, you can still build uh open source uh no no approval required same as any other any other network. Um start building. It will have We'll have a lot more information about building and deploying connected to the network.

[00:18:55]You know, what could you build on the network? Different options, different ideas.

[00:19:00]We might We're planning to have like a project ideas page of some kind as well, that might not be at the very beginning.

[00:19:05]Um developer learning center, how to get started.

[00:19:09]Technical documentation, this will lead off to the actual deeper technical, you know, if you want to get straight if a developer wants to get straight involved and go straight to the to the techie stuff, they can go straight into the document documentation.

[00:19:21]Um again, you know, easy forms to fill out if if um again, this content is not accurate.

[00:19:28]I've already put some comments on here, but you know, if you are a GSMA member, for example, you can request access.

[00:19:33]You'll be coming into the forum to to try and get your, you know, your application in and get your NFT. Um what else have we got here?

[00:19:44]What other pages have we got we can show? Let's have a look. I'll show that one.

[00:19:49]Just in case is this one.

[00:19:52]>> That one should be okay. The about would be good.

[00:19:56]>> The about one, yeah. So, again, about the Telcoin network.

[00:20:00]Uh again, placeholder text, not finalized yet. We we are going through the text now, uh but you can imagine there's a lot of text to to kind of go through.

[00:20:08]And also, this is going to be a complete CMS back end, so we'll always be able to edit stuff, you know, going forward as well. We'll have one place to edit everything, which is going to make life a a lot easier. Uh yeah, you know, stuff like this. So, Telcoin platform breaks it all down, learn more.

[00:20:23]Application network, Tel X. Uh forget all these. These are just placeholders, so don't get excited. They're they're just placeholders.

[00:20:31]>> Reiterate that again.

[00:20:32]>> Yeah, I'm sorry. Yeah, I I This is This is one reason why we didn't want to show it off. So, I just want to make it clear that that none of these are announced and and this is just placeholder information at the moment. Um but yeah, in essence, that's kind of I might as well show the MNO page now. Uh even though that's not uh yeah, partnership pages.

[00:20:52]Um you know, uh more information on there.

[00:20:56]Uh where are we?

[00:20:59]Again, >> as the network and everything develops, the network still owns the the operational part of the website as well?

[00:21:06]>> Oh, yeah, we are we we are in the the Telcoin Association will own the full IP of all the code and everything.

[00:21:12]>> Yes.

[00:21:14]>> Um so yeah, this is like the MNO landing page. So again, um you know, please ignore all that. I don't want to see any anyone on next getting all excited or in the in the you know, channels. This is just placeholder text.

[00:21:28]Um yeah, so the MNO page breaks down exactly what you know, what you can do, uh how to run a validator data, how to how to uh you know, how to how it all works, the infrastructure, how how the process is and you know, how to become a network validator as well.

[00:21:45]Um so yeah, that's I think that's pretty much it. Is there any other thing Derek you think is worth showing?

[00:21:53]>> Uh no, the do the mobile views. I think the mobile views are great. And then that about go to the left here.

[00:21:59]A little further actually. Up. Up. Up.

[00:22:03]And then left and then that page right here. I can't uh let's see. Not the main page but the one after it.

[00:22:11]>> This one?

[00:22:12]>> Yep.

[00:22:13]>> Now that's the about the association, isn't it?

[00:22:16]>> Yeah, which I think yeah, we started on that one. Um so just the reason I wanted to you to bring up that one again is because I think it's important to note that like currently the telcoin.org is really geared around the association page and like this is all this whole project which is very extensive is really focused on really encompassing all the websites in the same type of unilateral ecosystem and then ensuring that they all have the same type of matching and equal um you know, presence in the web and makes it easier for for developers, for MNOs, for anybody looking at the at the uh for at the project to come and see everything. We'll have a newsroom page.

[00:22:58]We'll have a lot of things. So um yeah, just wanted to mention that.

[00:23:02]>> Yeah, and then I'll just go over the So, the mobile view, obviously, we're building it from for mobile as well, obviously.

[00:23:09]Uh, so, you know, just how that kind of mobile pages will look on smaller displays.

[00:23:14]Uh, just going through all Um, yeah. So, pretty >> the product page too on mobile if you wanted to.

[00:23:27]>> Where is that?

[00:23:27]>> Uh, I'll do Yeah, go go to the Telcoin Association page, too.

[00:23:31]The TA page that we were just at on mobile.

[00:23:35]>> Yeah. Yeah, this one.

[00:23:37]>> Uh, I think we forget how much information this tidies up and puts it all in one place, as well. It's It's It's a massive task.

[00:23:44]>> Very big task.

[00:23:45]>> been a lot of work, yeah. We We started this when, Nick? In December-ish?

[00:23:50]>> Yeah, initially. Yeah, exactly. It's been non-stop since then, really. Um, a lot of, you know, you got to remember it's like a It's like like anyone coming to to Telcoin, it's a lot to take in. So, when we're talking with the web developers to build this vision out, you know, we had to make them fully understand exactly what uh, the Telcoin ecosystem and how big it is. So, you know, it's taken a lot. Um, but we're almost there, you know, we're not quite there yet. Um, but we're very almost there. Uh, like I said, these are not the final final designs, but they're very close.

[00:24:25]Um, >> Um, one of the things too I think that's important to mention, Nick, is just the Right now, the current site, um, just the way the search engine works on the current site is that it doesn't necessarily like if you're on the telcoin.org site, it won't search through, let's say you type in a topic, um, it'll search specifically that domain, but it may not look into the forums, it may not look into the Telex site, into all the other different roadmap sites. What this will do is enable um, it'll be very easy to find information. Um, the the search function will go across every single domain, every single subdomain, um, and be able to pull up whatever type whatever you're typing in, it'll it'll pull that up across the multiple subdomains. So, it'll be much easier for the community and developers and anybody else to find information that they're looking for specifically without having to hunt around. It'll show everything.

[00:25:14]It indexes everything appropriately. It brings really everything under under one unified web presence. That's funny.

[00:25:21]Um, you know, so, um, Yeah, it's going to be good.

[00:25:26]>> It'll be up here. So, on on all the pages you'll have the universal search at the top. Um, start typing. Uh, everything on the whole site is going to be indexed into that thing and it will be a smart smarter search as well. So, if you're looking for developer docs or, you know, whatever you're looking for or something about a council, um, you'll get a a good list of rich results that you can click straight into.

[00:25:50]Um, so, yeah, that I think is pretty that's Yeah, yeah.

[00:25:56]That was pretty much >> Fresh and clean as well. So.

[00:26:00]>> Yeah, I think so. Having it all under one roof, I think it's going to make a lot of, um, you know, uh, a lot of easy stuff really easy for people to to kind of, you know, understand, you know?

[00:26:11]>> Yeah, we haven't been able to show a lot of this to everybody, um, just because we didn't want Oh, yeah, the test net. Yeah, for sure. Um, because we didn't want there to be any >> do something wrong.

[00:26:21]>> Oh, you're good. Um, because we didn't want it want to, um, show a product that wasn't near to completion. Um, somebody had asked how many people were working on this, uh, project specifically. Um, Oh, gosh, I don't know. 20-ish, maybe.

[00:26:39]You know, a little less, but I mean, that's a lot. We've had a lot of people working on this.

[00:26:43]>> of us and yeah, there was at least six to eight on the other >> Yeah, on the other side.

[00:26:49]>> Yeah.

[00:26:49]>> Yeah.

[00:26:50]>> Uh, so, >> It's still a process. It's not done. We still have a lot of work to do.

[00:26:54]But the vision, we we went and looked at competitors and said, "Hey, we need we have an opportunity here as we move into mainnet to put out a product that will really be complimentary and professional and a landing page to really grow the reach of the network and the association." That was really the the framework and the goal.

[00:27:14]Yeah, and what you see that gets built, you know, the overall design will be very similar to this. We've got a few more touches to do, but the content, you know, will be fully updated to be more accurate, you know, and a lot of that stuff was put in the images and stuff, some of the smaller stuff was put in by the web devs. So, yeah, don't go don't go running off all excited when you saw a couple of names on there. That's just placeholder text.

[00:27:40]>> No, it's good. It's coming along nicely, guys.

[00:27:42]Um, and and and as as you mentioned, it's as the network develops and mainnet comes along, it's going to be going to tie everything together quite nicely, I think.

[00:27:51]>> Yeah, 100%.

[00:27:54]>> Yep, a lot of information to to put in and structure.

[00:28:00]Okay.

[00:28:00]>> That's the that's the phase we're on right now is reviewing everything in depth, which is a lot of time and a lot of text. So.

[00:28:10]>> Yep.

[00:28:11]Yeah, I can imagine. Yeah, it's plenty.

[00:28:15]Okay, thank you. Thank you. Good luck, Zen.

[00:28:20]Derek there. Um.

[00:28:23]Every Let's just move on actually. We'll get to questions shortly.

[00:28:27]Um, so the next part is just a bit of an update.

[00:28:30]Um, we've had a couple of snapshots over the last couple of weeks as well that come through. We've still got to just one's just timed out, I think now as in ready to go through the next stage.

[00:28:39]And there'll be one more, I think, this afternoon um, that will run its course that can then move through to stage. Both got the votes at the moment.

[00:28:48]So, we've got um, um augmenting communications and marketing. That was a proposal um to leverage Telcoin's internal marketing team and augment the association's current communications and marketing efforts by Ryan.

[00:29:01]Um It's getting underway and the contractor engagement as well framework um that was put forward.

[00:29:08]So, the TA approval of policy framework authorizing the TA to engage contractors for project-based work. Uh the TA regularly requires specialized expertise for work that does not warrant a full-time employee um and the product launches, marketing, website development, um just as we've seen there, and the and the maintenance of technical infrastructure, tooling, design, and creative work.

[00:29:30]Um and researching strategic initiatives. So, when we need uh extra work um or a bit of a a skill set that's not there, that we can go out and get it or use it from the from the council or elsewhere, wherever we can find it there.

[00:29:43]Um So, that'll be good once they're all Um that's the immediate. Do we have any open open questions and answers at the moment that we need to go through? Let's just check the chat.

[00:29:56]>> a good amount um that I've been tracking. I'm sure I may miss some, but whenever we're ready to move into that, we can if we're ready to go to Q&A.

[00:30:05]>> Yeah, we uh we're ready on that front now.

[00:30:08]>> Okay, let me back up.

[00:30:11]Um I will probably package a few of these together if I missed any.

[00:30:17]Um please feel free to say, you know, mention them again, but I have the chat feed I'm looking at. So, uh there were a few questions about uh we'll start with network um I grant first off, uh amazing work for yourself and the development team in getting the network ready for launch. We know that uh H1 is a is a no-go. What is your estimate? 0 to 3 months, 3 to 6 months? We would love to have some sort of insight here.

[00:30:46]What of what is realistic?

[00:30:48]>> Yeah, I think 2026 is the year of Telcoin Network. I'm just going to stay stick with that.

[00:30:54]Um you know, I would like to Yeah, it's as soon as it is secure and and ready and we are going live. So, we've got a lot of great uh big pieces in place and so it's just kind of uh you know, icing on the cake.

[00:31:10]>> Perfect. Thank you.

[00:31:12]Those were the two network ones that I see. Oh, um somebody asked if you could clarify what is does data What is data center live and data center mean necessarily?

[00:31:23]>> Yes, uh so this this would be um a node in an MNO data center.

[00:31:29]Um yeah, this is which is where we plan to install mainnet and launch those nodes as well. Um and so having a testnet node there is really just paving the path and and and uncovering those sorts of real-world conditions that we need to ensure that mainnet uh will launch without any hiccups.

[00:31:46]>> Excellent. Thank you.

[00:31:50]>> Sorry, go ahead.

[00:31:52]>> Total nodes that have been onboarded?

[00:31:57]>> Hayden, is that a question for us or did >> Yeah, that was that came through the chat. Yes, great.

[00:32:03]>> Sorry, would you repeat that? I didn't catch it.

[00:32:05]>> They were asking if there was a total amount that had been onboarded that could be shared.

[00:32:10]>> Uh I think we're around eight. Um I'm actually I don't I'm not exactly sure between um official numbers because we have uh so we've we've and part of the infrastructure development, too, a lot of the MNOs, they also outsource with integrator partners. Um we've been meeting with integration partners and a lot of times those uh companies will work on behalf of the MNOs in order to install in the data centers for the MNO. So, it's not exactly um a a process that we control exclusively.

[00:32:42]All right, we are working with a lot of different partners to bring mainnet to reality. Um so, but I I think my goal is to have some sort of uh to to The [clears throat] protocol team is designing and trying to figure out we've already laid a few PRs down um that will help us to basically uh have separate sort of tracking metrics on chain. So, we'll be able to identify um who's on the network, which nodes are on the network, and have more accurate numbers moving forward. So, that's something that we hope to have uh really soon.

[00:33:13]Cuz I'm I'm really curious to know the exact numbers myself.

[00:33:16]>> Awesome. Is Is that part of the dashboarding that you mentioned earlier, Grant?

[00:33:20]>> Yes. Um and I you know, the dashboard I I think is uh yeah, exactly.

[00:33:26]I think there's a lot we could do with the dashboard. There's a lot of different ways. Um I haven't fully spec'd that out myself, but I know uh you know, we we've got a lot of great minds that are are kind of um thinking through it right now and and uh once we have that support and we have a technical solution in order to retrieve that data um in a decentralized manner, then I think that'll that'll clear it up so that we can move forward with um building out that infrastructure for more public-facing um and human-readable information.

[00:33:54]>> Yeah, awesome.

[00:33:56]Thanks, Grant. Um there was one other question and Hayden, I'm sorry if you if you're looking to um feel free.

[00:34:02]Um the one other one I saw was if there was any feedback um from the node development or the the node operators um and if you could share anything of what kind of your conversations with them have been.

[00:34:18]>> Uh I think one of the most exciting feedback that I've heard was that wow, you guys uh designed this that this actually might work. So, um you know, that's that's the kind of stuff that I I love hearing cuz we have there's a lot behind the scenes that it just kind of works and that's kind of future there's a lot of thought for future growth as well. So, um yeah, all in all I think there's a lot of excitement. There's a lot of validity in the space too for just, you know, stable coins in general, real money use cases, uh you know, the the cross-border uh freedom that it this that blockchain itself enables. And then when you tie that into a a framework that that mobile network operators are have can can have a the power to sort of maintain their regulatory responsibilities. It really uh you start to see the light bulbs go off and so, yeah, I think all in all it's been uh really positive feedback and overall positive interest. So, yeah, great stuff.

[00:35:12]>> Awesome.

[00:35:13]Great.

[00:35:13]>> We're good. Yeah.

[00:35:15]>> It's nice to nice to hear that as a as everything comes together. That's the ultimate.

[00:35:21]Yeah, well done.

[00:35:23]>> Um okay, we're going to pivot from and give Grant a break for a second.

[00:35:27]Um and I will ask one of the other council members to answer this. Um somebody asked specifically um if we if somebody could elaborate or if we agree with the following statement. Um for Telcoin holders, the most important category to watch is isn't necessarily DeFi, it's whether real telecom integrated applications begin launching on the network after mainnet. Do we agree?

[00:35:53]>> Um well, I would say that obviously we uh the Telcoin network is focusing on uh MNOs and their validators and that means that we hope that they build apps to reach their subscribers base. Uh That's the goal and um you know, there's a you can think of a lot of easy kind of common uh applications that could work really well uh reaching out to their subscribers.

[00:36:19]So, yeah, I'll kind of leave it there.

[00:36:24]>> Thank you, Nick.

[00:36:29]Let's see.

[00:36:39]So, one more here.

[00:36:49]And Hayden or anybody else, did you guys have anything? Please let me know, but I'm looking through the chat.

[00:36:54]>> Yep.

[00:36:58]>> Uh there's a few questions in here, um and I'll pass it to another council member.

[00:37:03]Uh maybe compliance or somebody from there. Um there has there been any talks from the association and the MNOs about how they will reveal who is being who is who is operating on the network. Um so, maybe somebody could talk through the GSMA application process. That would be great.

[00:37:27]>> I think I probably have the most familiarity with that.

[00:37:29]>> Yeah, go for it, Grant.

[00:37:31]>> I'm trying to give you a break.

[00:37:32]>> It's all good. Um so, uh yeah, the this is something that is uh that we're that is new for both sides of this agreement. And so, both sides are kind of operating in in some good faith in this sense. Um but that, you know, that the telecoms are they are very interested. They are learning about blockchain. There's a lot of wide variety of from like experts to in the crypto space that are already running nodes themselves to, you know, not sure what the difference is between stablecoin and Bitcoin. Um and so, a lot of that is just um you know, an educational aspect. So, the telcos and MNOs have a very successful business. They have reputations to protect. Um and they also part of that is is is the responsibility to just maintain their image. Um so, it's it's hard to imagine, at least for me it was it was it was a little bit hard to fathom in the beginning of just like how truly global this is and how you know these a lot of these are very regional operators. So they they have very very different regulations just by even competitors in different that have different headquarters in different countries. Um and so all of that space is is down to individual um operator uh uh decisions and and their own guidelines and their operating procedures. And so as an association in order to get off the ground and to sort of establish that uh reputation and the trust and and sort of fighting against a lot of negative stereotypes in the crypto space in general, uh we're being very patient and and allowing and and flexible with MNOs uh announcing their participation when they feel that they have done enough due diligence that they feel that they not only understand crypto well enough that they also understand the protocol well enough that they understand the primary wallet holders well enough that they understand the community at large. What I mean this and we just saw the uh the unified web presence. There's a lot of information to digest and so these multi-million dollar companies are just taking uh they're doing proper due diligence as a company that size to make sure that before they attach their name officially to any sort of material that that they are quite confident that they're not stepping into a a mess. Uh we understand that and we're doing our best to be patient flexible with that.

[00:39:42]We're also um you know, not just uh we but we're also expressing our interest and and our hopes that you know, this will happen sooner than later. So um I think it is really important that eventually MNOs are are uh public and and that they announce themselves and we are definitely doing everything we can to um answer the questions, provide feedback and reassurance to to put them in a more confident spot to be more public.

[00:40:09]>> Yeah, that's right. And then as Derek mentioned as well at this in the chat here, it's it's being a trusted business partner. This is uh greenfields for everyone there. So it's it's uh there's a lot of trust and as you say there's millions of users that it can affect and reputations, so slow and steady confidence in on each part.

[00:40:30]Um we have anything else on the chat?

[00:40:34]>> There's a few more questions about um MNOs specifically and when they would join the the the council meetings and and what the app when they would have to apply before being able to be on the network and um I don't want to speak out of turn, but I believe you know, obviously that application um would be needing to be done uh before they would be able to be eligible for the rewards in the you know, know the node process and validating nodes on the network. So, that that would Grant you can correct me if I'm wrong there, but that that is a prerequisite of of operating a node on mainnet specifically.

[00:41:11]>> I do I apologize. What What specifically is a prerequisite?

[00:41:15]>> Uh the application for the um for to be a validator essentially.

[00:41:19]>> That's correct. Um governance uh will issue a an NFT um and there's a multi-sig um uh safe that owns this the the right to mint these NFTs. Uh once the sort of onboarding process is complete um and we've answered all the questions and made sure that you know, they have uh following the best security practices etc. Uh we do have a uh node operator um documentation and um specific guidelines that we're sharing with partners to review and and to ask questions and it's about like a 15-page Word document um and so uh and that's separate than just like how protocol works in certain like other operate like more specific detail technical operating uh details. Uh but ultimately uh that process is gated by an NFT and so uh there there there is definitely a a barrier to entry for that um for the for the MNOs in the Yeah.

[00:42:17]>> Awesome.

[00:42:19]Thanks, Grant.

[00:42:20]Um Nick had another comment here about um a few comments about migrating devs over from other projects specifically um to assist with things. Uh I think it's also important to note like people are talking about Cardano in the chat. Um a lot of what people are saying are these are the the dapp the dapp programs that are shutting down. These aren't necessarily the blockchain developers.

[00:42:43]These are These are specific dapps that are built on Cardano and that's what a lot of the news that's coming out there is. So um yeah, obviously there is it's a tough time at in in the grand scheme of things and there's some projects that seem like they are winding operations down a little bit. Um when I say projects, I I say app developers, not blockchains specifically. So a little bit of a nuanced difference there between the two.

[00:43:13]But we're obviously always looking for quality devs. So yes, if you uh it's not it's it we are um Nick can probably speak to this the best. Um myself a little bit, but we have we're having conversations internally the the developer seats are having multiple conversations with multiple dapp um developers um about projects on the network um and how and the use case and things of that nature. So um things are starting to heat up in that environment.

[00:43:44]Um a lot of different meetings on the side and a lot of different um sharing about testnet, sharing about kind of the [snorts] the the value proposition of of the network and and how that works for developers. Um a lot of um developer projects utilize grant systems where we have kind of a perpetual um system that rewards developers for their actions on the network, right? So it encourages people to develop on the network. Um I'll plug it again like you plug it every meeting. Uh and Dali put it in the chat. If you run into any projects that you or people that develop on networks that are looking for a potential growth, um email us at [email protected] and we'd be happy to speak with them.

[00:44:28]>> That's right. And yeah, the more the more projects and so forth going forward, the the better for for everything on the network there.

[00:44:36]See the ultimate.

[00:44:38]Um >> [clears throat] >> Okay.

[00:44:42]Um zero vulnerabilities >> Yeah, one more um maybe for grant um I'm sure I can the road map both zero security vulnerabilities at the current moment. Um How confident are we that that considering the scale of what we're trying to build that this will remain?

[00:45:03]>> Uh the this will remain in terms of just Uh what what what do I anticipate our security posture moving forward? I guess it >> Yeah. Yeah, that's the question.

[00:45:15]>> I see. Yeah, well, there there's a lot of interesting developments in the security space and that's one of the the nature's of the beast really. Um you have I I think just earlier this week there was uh uh major quantum computing update that you know was threatened to jeopardize all of ECDSA and Ethereum and and the underlying uh cryptography curves that uh that make it cryptographically secure. Um there's also, you know, the advent of AI and being able to find, you know, mythos and and and cloud uh team just saying that, you know, there's multiple zero-day vulnerabilities and and and root level infrastructure. So, you know, the unfortunate side is that these things is it's a never-ending battle. Um and that's why we are just slow thinking and doing everything humanly possible to make sure that we there's nothing left uncovered and that that that everything in the code base has been assessed thoroughly and up to the best standards that we know of.

[00:46:14]Um, and you know, really it starts at the protocol team and with layer and we're doing things like in in a robust documentation, um, automated tests everywhere and including unit tests, integration tests, end-to-end tests. Um, but you know, ultimately there is also uh, including AI scans and security scans and constantly uh, thinking how can we improve these? What is a different perspective I could come at this particular segment of the code base and and how else could I thwart um, these sort of security postures? I think you know, some of the best things you can do is just kind of minimize the attack surface cuz there's there's uh, less to defend. Um, and uh, but you know, ultimately too, we also need help from security experts and researchers and so that's why uh, you know, this this whole final phase of a big majority of it is um, exhausting our own internal resources and then relying on external resources to work as a team and to really ensure that um, everything is is as secure as possible. You know, I I am committed to making sure that the protocol is secure.

[00:47:18]That's uh, that's kind of that's our our biggest requirement.

[00:47:22]So, you know, but I I've heard other people just uh, you know, and and notable uh, leaders in this space who are no longer they they no longer consider DEXs in general to be safe. So, it's definitely a crazy time. It's a rapidly evolving environment. Um, it's something that we definitely lean on on the top of the news coverage for me. My feeds are full of um, security um, concerns, um, updates, um, tooling, uh, technology concerns and then we have uh, several channels um, internally communication with engineers across uh, not only our company then um, but like other um, partnerships and other other cross team um communications that are constantly this network of of security updates so that everybody kind of watching each other's back as best we can, but um yeah, it's impossible to say like 0% chance for anything in in technology. However, we're going to make sure that it's as as 100% as we as possible, so.

[00:48:18]>> Thanks, Rob. And that's that's the way we can do put your best foot forward and stay secure while we can and attack attack it as we can.

[00:48:26]>> Yeah, and and and to that point, too, it just uh just kind of follow up on that not to get too much further into it um but, you know, there's the other part of that is is um you know, being prepared and doing as much work beforehand, but then there's also you need to be organized in case something does happen and have um you know, emergency plans in place. And so, you know, but that is something else that we've done to to really do as much as we can to mitigate in the unlikely event that is something were to happen, you know, what would we do? How would we get organized so that we don't have to think about it in the moment, we just react. And we have a lot of plans in place and and you know, hopefully that never happens, but ultimately this is just uh yeah, layers of security. Security is all about layers and we have a lot of layers.

[00:49:10]>> Awesome. Very good.

[00:49:15]Okay.

[00:49:16]Um I think we've tied up the questions there, guys.

[00:49:23]Um Let's give it a few seconds if there's anything else to come through if anyone would like to say anything, jump in now.

[00:49:37]>> No other questions for now. I just a reminder, you can always reach out in um the Telegram channels, Discord, over email.

[00:49:48]Uh there's many many ways to reach out if you've got a question to ask and we will do our best to make sure that it is responded to or answered.

[00:49:58]Would love to see the community and developers and everybody else if you've got ideas for the governance of the network to do your part and put in some proposals. It's been a minute since we've seen any community proposals during this build phase. So, if you've got something you think is a great idea or something that could help or just maybe a an organizational change or just a small change. We welcome it and that's the whole point of the governance process and that is not just meant for association members or council members.

[00:50:30]It's meant for everybody. So.

[00:50:33]>> And for developers looking to build, [email protected].

[00:50:37]You can you can send emails through there. That's gone through in the chat.

[00:50:41]Okay.

[00:50:42]Um next meetings.

[00:50:45]So, that will conclude the 39th platform and treasury council meeting. Next meeting is on the 18th and 2nd of July and then the 16th of July.

[00:50:56]So, thank you all. 2026 year Telcoin.

[00:50:59]Mainnet's coming. MNO validators are sitting up and actively testing. Telcoin blockchain standard is becoming reality.

[00:51:05]So, that will conclude the 39th platform and treasury council meeting. Next meeting is on the 18th of June.

[00:51:10]>> See you all in a couple of weeks.

[00:51:12]>> and 2nd of July and then the 16th of July.

[00:51:15]>> Thank you all.

[00:51:17]>> Hi everybody.

[00:51:20]>> MNO validators are sitting up.

[00:51:23]Telcoin blockchain standard is becoming reality. So, that will conclude the 39th platform and treasury council meeting.

[00:51:29]Next meeting is on the >> [music]