http://www.tera-online.com/forums/showthread.php?t=7644Valkyon points are part of the political system, and yes they are associated with PvP as well. Political clout can be gained by defeating enemies—especially very skilled ones—or enemies with clout of their own.
http://www.tera-online.com/forums/showthread.php?t=5507Within TERA, you have the basic bonuses of a guild such as forging a separate identity and being able to chat amongst guild members. In addition to that, there are unique ways in which guilds can participate in the world of TERA, and when we’re able to talk about the political system, you’ll understand. Guilds would be one channel to participate in the political system. Guilds are awesome for the social aspects as well as PvP instances, dungeons, and end game content.We have a few features that will make TERA different from other MMOGs. One of these is the political system. The political system is a never before seen feature where players can interact with each other to control the flow of the economy, control the flow of the game, and build out on the community, not to just hang out, but to have a purpose.Yes; there’s always prestige, of course, and we’ll have achievements. Also, guilds that dominate the PvP scene will find themselves in very strong political positions.Additionally, rewards for Battleground PvP will play a role in the Federation’s political system!In addition, players will be able to influence the history of each server by participating in the in-game political system.The political system will shape each server's community in a new and unique way.
http://www.tentonhammer.com/node/84942/page/2Within TERA, you have the basic bonuses of a guild such as forging a separate identity and being able to chat amongst guild members. In addition to that, there are unique ways in which guilds can participate in the world of TERA, and when we’re able to talk about the political system, you’ll understand. Guilds would be one channel to participate in the political system. Guilds are awesome for the social aspects as well as PvP instances, dungeons, and end game content.
http://www.tera-online.com/news/news_view.php?seq=256&cpage=1With the political system will it be possible to have a coup de etat? Can we revolt against unfair rulers?” “Yes and encouraged. Politics will be just that, politics.”Guild members will be elected to office by combat, wealth and popularity. They will have access to buffs, tax rates and "protection".
http://www.tera-online.com/forums/showthread.php?t=1311*Valkyon medal system-Cooperations of guild members-Buffs applied to an entire guild
http://teraonline.info.pl/node/148However, I can share that it will be heavily dependent on guilds and groups, so PvP players will probably find something very much to their liking in the system.We're working on implementing guild housing for launch. It's the basis of having a place to congregate as a guild. That'll tie in somewhat to the political system.
http://www.terafans.com/topic/3459-for-the-lore-tera-inteview-transcribed/Q. Players directly impact the economy?A. There's a traditional broker house in the game. The political system has a direct impact on everything bought/sold. The political system has players being elected to office.
http://www.terafans.com/topic/3558-thegamervg-e3-tera-interview-transcribed/"Once elected in this office, players can control lots of different things, from economy to interactions between players and rivalries between guilds – among others."tG: Okay, will there be a chance of castle seiges in the end?B: Right now, it's not currently on our slate