TEC Dashboard Parameters Proposal

[tecparamsbot]

What is the overall Commons Configuration strategy?

test

Advanced Settings Modified? Yes

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Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	20 Weeks
Token Thaw	30 Weeks
Opening Price	1.65 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	0.15%
Entry Tribute	0.03%
Exit Tribute	0.15%
*Reserve Ratio	39.27%

*This is an output. Learn more about the Reserve Ratio here.

Module 3: Tao Voting

Parameter	Value
Support Required	40%
Minimum Quorum	10%
Vote Duration	7 day(s)
Delegated Voting Period	3 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	1 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	50 day(s)
Minimum Conviction	1.0%
Spending Limit	20.0%

Module 1: Token Freeze and Token Thaw

Data:

This is the theoretical Price Floor for TEC. It would only be reached if all tokens that were liquid were burned and no liquid tokens existed, which is very unlikely to occur.

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.65 wxDAI
6 months	20.00%	1.32 wxDAI
9 months	63.33%	0.60 wxDAI
1 year	100.00%	0.00 wxDAI
1.5 years	100.00%	0.00 wxDAI
2 years	100.00%	0.00 wxDAI
3 years	100.00%	0.00 wxDAI
4 years	100.00%	0.00 wxDAI
5 years	100.00%	0.00 wxDAI

• Token Freeze: 20 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 20 weeks. They can still be used to vote while frozen.
• Token Thaw: 30 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 30 weeks later.
• Opening Price: 1.65 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.65 wxDAI making it the price floor during the Token Freeze.

Strategy:

test

Module 2: Augmented Bonding Curve (ABC)

Data:

This shows how the TEC Price changes with the ABC's Reserve Balance, highlighting the Initial Buy that will happen at launch.

Step #	Current Price	Amount In	Tribute Collected	Amount Out	New Price	Price Slippage
Step 0	1.65	250000.00 wxDAI	75.0	143544.80 TEC	1.83	5.23%
Step 1	1.83	5000.00 wxDAI	1.5	2723.83 TEC	1.84	0.10%
Step 2	1.84	100000.00 wxDAI	30.0	53408.94 TEC	1.91	1.87%
Step 3	1.91	3000.00 TEC	1.71	5712.91 wxDAI	1.9	0.10%
Step 4	1.9	100000.00 wxDAI	30.0	51609.38 TEC	1.97	1.76%
Step 5	1.97	100000.00 wxDAI	30.0	49866.47 TEC	2.04	1.67%

NOTE:

We're very bullish on TEC so we provide the BUY scenario at launch to compare proposals... to explore this proposal's ABC further Click the link below to see their parameters in your dashboard, be warned this will clear any data you have in your dashboard:

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Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	1981.83
Reserve (Before Initial Buy)	1319241.24
Common Pool (After Initial Buy)	2056.83
Reserve (After Initial Buy)	1569166.24

ABC Configuration Table

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)
10,000	299,285	0.09
50,000	563,083	0.23
100,000	739,249	0.34
200,000	970,532	0.52
300,000	1,138,057	0.67
400,000	1,274,176	0.80
500,000	1,390,873	0.92
600,000	1,494,113	1.02
700,000	1,587,356	1.12
800,000	1,672,819	1.22
900,000	1,752,013	1.31
1,000,000	1,826,026	1.39
1,250,000	1,993,266	1.60
1,500,000	2,141,219	1.78
1,750,000	2,274,847	1.96
2,000,000	2,397,324	2.12
2,500,000	2,616,886	2.43
3,000,000	2,811,129	2.72
3,500,000	2,986,564	2.98
4,000,000	3,147,359	3.24
5,000,000	3,435,615	3.71
7,500,000	4,028,641	4.74
10,000,000	4,510,495	5.65
15,000,000	5,289,057	7.22
20,000,000	5,921,665	8.60
50,000,000	8,486,365	15.00
100,000,000	11,141,441	22.85

• Commons Tribute: 0.15%, which means that 0.15% of the Hatch funds (1981.83 wxDAI) will go to the Common Pool and 99.85% (1319241.24 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 0.03% meaning that from every BUY order on the ABC, 0.03% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 0.15% meaning that from every SELL order on the ABC, 0.15% of the order value in wxDAI is subtracted and sent to the Common Pool.

Strategy:

test

Module 3: Tao Voting

Data:

This shows how the timeline stacks up for decision votes that can change the configuration after launch.

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	8 days	9 days
Time to Review a Delegates Vote	4 days	5 days	6 days
Time to Execute a Passing Proposal	8 days	9 days	10 days

• Support Required: 40%, which means 40% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 10%, meaning that 10% of all tokens need to have voted on a proposal in order for it to become valid.
• Vote Duration: 7 day(s), meaning that eligible voters will have 7 day(s) to vote on a proposal.
• Delegated Voting Period is set for 3 day(s), meaning that Delegates will have 3 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 2 day(s), this means that 2 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 1 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 1 day(s) will be added for voting.
• Execution Delay: 1 day(s), meaning that there is an 1 day delay after the vote is passed before the proposed action is executed.

Strategy:

test

Module 4: Conviction Voting

Data:

This shows how the minimum percent of tokens needed to pass proposals after 2 weeks varies with the percent of the Common Pool funds being requested.

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	16620
2	5,000	100,000	1,500,000	26666
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	15202
5	5,000	750,000	1,500,000	16052
6	25,000	750,000	1,500,000	21600

• Conviction Growth: 50 day(s), meaning that voting power will increase by 50% every 50 days that they are staked behind a proposal, so after 14 days, a voters voting power will have reached 75% of it's maximum capacity.
• Minimum Conviction: 1.0%, this means that to pass any funding request it will take at least 1.0% of the actively voting TEC tokens.
• The Spending Limit: 20.0%, which means that no more than 20.0% of the total funds in the Common Pool can be funded by a single proposal.

Strategy:

test

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*Advanced Settings

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable
Token Name	Token Engineering Commons
Token Symbol	TEC
Proposal Deposit	200 wxDAI
Challenge Deposit	400 wxDAI
Settlement Period	5 days
Minimum Effective Supply	1.0%
Hatchers Rage Quit	0.5 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

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