What is the overall Commons Configuration strategy?

We tried to make a proposal to have 1 million dollars in the common pool while taking into account Ostroms principles to have a sustainable CPR

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	40 Weeks
Token Thaw	40 Weeks
Opening Price	1.5 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	75.00%
Entry Tribute	12.00%
Exit Tribute	1.00%
*Reserve Ratio	10.74%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	2 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	3.0%
Spending Limit	9.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Parameter	Value
Token Freeze	40 Weeks
Token Thaw	40 Weeks
Opening Price	1.5 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.50 wxDAI
6 months	0.00%	1.50 wxDAI
9 months	0.00%	1.50 wxDAI
1 year	30.00%	1.05 wxDAI
1.5 years	95.00%	0.07 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Parameter	Value
Commons Tribute	75.00%
Entry Tribute	12.00%
Exit Tribute	1.00%
*Reserve Ratio	10.74%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	945917.68
Reserve (Before Initial Buy)	315305.89
Common Pool (After Initial Buy)	975917.68
Reserve (After Initial Buy)	535305.89

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	315305.89	1956421.69	1.5	250000.00 wxDAI	30000.0	114484.36 TEC	2.41	21.94%
1	535305.89	2070906.05	2.41	5000.00 wxDAI	600.0	1822.22 TEC	2.42	0.36%
2	539705.89	2072728.27	2.42	100000.00 wxDAI	12000.0	33912.73 TEC	2.77	6.61%
3	627705.89	2106641.01	2.77	3000.00 TEC	992.48	7278.19 wxDAI	2.74	0.59%
4	619435.22	2103641.01	2.74	5000.00 wxDAI	600.0	1600.42 TEC	2.76	0.32%
5	623835.22	2105241.43	2.76	100000.00 wxDAI	12000.0	30061.15 TEC	3.1	5.79%
6	711835.22	2135302.58	3.1	3000.00 TEC	1110.48	8143.53 wxDAI	3.07	0.58%
7	702581.21	2132302.58	3.07	2000.00 TEC	733.14	5376.39 wxDAI	3.04	0.39%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,350,372	0.07	93,111.06
50,000	1,605,230	0.29	465,399.85
100,000	1,729,334	0.54	930,759.99
200,000	1,863,038	1.00	1,861,486.75
300,000	1,945,992	1.43	2,792,212.87
400,000	2,007,080	1.85	3,722,935.94
500,000	2,055,782	2.26	4,653,666.03
600,000	2,096,449	2.66	5,584,385.28
700,000	2,131,460	3.06	6,515,101.65
800,000	2,162,261	3.44	7,445,839.67
900,000	2,189,798	3.83	8,376,549.31
1,000,000	2,214,727	4.20	9,307,265.73
1,250,000	2,268,467	5.13	11,634,069.07
1,500,000	2,313,343	6.03	13,960,902.36
1,750,000	2,351,976	6.93	16,287,682.08
2,000,000	2,385,964	7.80	18,614,548.50
2,500,000	2,443,859	9.52	23,268,124.54
3,000,000	2,492,204	11.20	27,921,781.18
3,500,000	2,533,825	12.86	32,575,413.49
4,000,000	2,570,439	14.48	37,228,964.16
5,000,000	2,632,811	17.68	46,536,278.31
7,500,000	2,750,043	25.38	69,804,342.13
10,000,000	2,836,373	32.81	93,072,578.18
15,000,000	2,962,669	47.12	139,608,864.90
20,000,000	3,055,672	60.92	186,144,786.52
50,000,000	3,371,807	138.02	465,362,134.20
100,000,000	3,632,506	256.22	930,724,398.98

Module 3: Tao Voting

Strategy:

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	2 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	10 days	13 days
Time to Review a Delegates Vote	5 days	8 days	11 days
Time to Execute a Passing Proposal	8 days	11 days	14 days

Module 4: Conviction Voting

Strategy:

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	3.0%
Spending Limit	9.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	56953
2	5,000	100,000	1,500,000	227812
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	46363
5	5,000	750,000	1,500,000	52487
6	25,000	750,000	1,500,000	113512

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 40 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 40 weeks. They can still be used to vote while frozen.
• Token Thaw: 40 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 40 weeks later.
• Opening Price: 1.5 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.5 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 75.00%, which means that 75.00% of the Hatch funds (945917.68 wxDAI) will go to the Common Pool and 25.00% (315305.89 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 12.00% meaning that from every BUY order on the ABC, 12.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 1.00% meaning that from every SELL order on the ABC, 1.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% 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 2 day(s), meaning that Delegates will have 2 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: 3 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 3 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.

Conviction Voting

• Conviction Growth: 3 day(s), meaning that voting power will increase by 50% every 3 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: 3.0%, this means that to pass any funding request it will take at least 3.0% of the actively voting TEC tokens.
• The Spending Limit: 9.0%, which means that no more than 9.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

UPDATE: We noticed our initial price was non-conforming to the way - this could not be! We changed it to 1.47 (147 = 7 * 21) and rose the commons tribute to 63% (79). This leaves the price after the initial buy at 2.08 wxDai (1316!). The rest stays the same...

ORIGINAL:

The universe is vast and unpredictable. Our Commons is taking the bold first steps into a new world brimming with opportunity, but also riddled with risk.

Luckily, we have been given a powerful compass to guide us through uncertainty.

Good and bad. Ying and yang. Luck and misfortune. The wisdom encoded within the numbers 7 and 13 captures the duality of destiny in a way the puny 8 never could. We have followed their lead while designing our commons, and they have made us witness to the pinnacle of paramater design.

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	77 Weeks
Opening Price	1.47 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	63.00%
Entry Tribute	3.50%
Exit Tribute	3.50%
*Reserve Ratio	16.23%

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

Module 3: Tao Voting

Parameter	Value
Support Required	91%
Minimum Quorum	7%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	4.0%
Spending Limit	13.0%

Module 1: Token Freeze and Token Thaw

Strategy:

This carefully chosen paramters set the best possible stage for the first steps of our DAO:
213 weeks where tokens are frozen to protect against bad luck, then 117 weeks thaw to guarantee smooth sailing. Also, since 2+11 is 13 cosmic balance is preserved throughout.
(For the non-believers, this would "just" amount to a 6 month freeze and a 1.5 year thaw)

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	77 Weeks
Opening Price	1.47 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.47 wxDAI
6 months	0.00%	1.47 wxDAI
9 months	16.88%	1.22 wxDAI
1 year	33.77%	0.97 wxDAI
1.5 years	67.53%	0.48 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Anything involving smart contracts should only ever be exposed to good fortune, so here we bet on 777 :
7*7 for commons tribute, and the last 7 as the total tribute paid by somebody who completes the cycle of entering and exiting the TEC.

Parameter	Value
Commons Tribute	63.00%
Entry Tribute	3.50%
Exit Tribute	3.50%
*Reserve Ratio	16.23%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	794570.85
Reserve (Before Initial Buy)	466652.72
Common Pool (After Initial Buy)	803320.85
Reserve (After Initial Buy)	707902.72

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	466652.72	1956421.69	1.47	250000.00 wxDAI	8750.0	136863.59 TEC	2.08	16.61%
1	707902.72	2093285.27	2.08	5000.00 wxDAI	175.0	2308.50 TEC	2.1	0.28%
2	712727.72	2095593.77	2.1	100000.00 wxDAI	3500.0	43625.59 TEC	2.33	5.24%
3	809227.72	2139219.36	2.33	3000.00 TEC	243.9	6724.78 wxDAI	2.31	0.36%
4	802259.04	2136219.36	2.31	2000.00 TEC	161.62	4456.18 wxDAI	2.3	0.24%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,048,741	0.06	61,645.00
50,000	1,361,661	0.23	308,161.20
100,000	1,523,746	0.40	616,306.17
200,000	1,705,128	0.72	1,232,596.46
300,000	1,821,082	1.02	1,848,887.10
400,000	1,908,104	1.29	2,465,179.17
500,000	1,978,458	1.56	3,081,469.21
600,000	2,037,862	1.81	3,697,763.38
700,000	2,089,477	2.06	4,314,052.82
800,000	2,135,243	2.31	4,930,340.87
900,000	2,176,443	2.55	5,546,631.72
1,000,000	2,213,971	2.78	6,162,919.06
1,250,000	2,295,602	3.36	7,703,649.53
1,500,000	2,364,529	3.91	9,244,381.59
1,750,000	2,424,418	4.45	10,785,104.54
2,000,000	2,477,521	4.98	12,325,831.39
2,500,000	2,568,869	6.00	15,407,277.55
3,000,000	2,646,001	6.99	18,488,740.86
3,500,000	2,713,019	7.95	21,570,202.80
4,000,000	2,772,443	8.89	24,651,655.78
5,000,000	2,874,666	10.72	30,814,554.60
7,500,000	3,070,154	15.06	46,221,832.23
10,000,000	3,216,864	19.16	61,629,076.00
15,000,000	3,435,623	26.91	92,443,702.83
20,000,000	3,599,799	34.24	123,258,249.09
50,000,000	4,176,844	73.77	308,145,464.46
100,000,000	4,674,054	131.85	616,291,224.20

Module 3: Tao Voting

Strategy:

Without a doubt, a 7*13 % required support is the perfect metaphor to capture the viscitudes of on-chain governance.
The voting process shall involve 7 days, to adequately ponder weighty decisions.

Parameter	Value
Support Required	91%
Minimum Quorum	7%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	10 days	13 days
Time to Review a Delegates Vote	3 days	6 days	9 days
Time to Execute a Passing Proposal	8 days	11 days	14 days

Module 4: Conviction Voting

Strategy:

lowered spending limit from the initial proposal

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	4.0%
Spending Limit	13.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	70416
2	5,000	100,000	1,500,000	158437
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	61249
5	5,000	750,000	1,500,000	66661
6	25,000	750,000	1,500,000	108513

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 26 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 26 weeks. They can still be used to vote while frozen.
• Token Thaw: 77 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 77 weeks later.
• Opening Price: 1.47 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.47 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 63.00%, which means that 63.00% of the Hatch funds (794570.85 wxDAI) will go to the Common Pool and 37.00% (466652.72 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 3.50% meaning that from every BUY order on the ABC, 3.50% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 3.50% meaning that from every SELL order on the ABC, 3.50% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 91%, which means 91% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 7%, meaning that 7% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 3 day(s), this means that 3 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 3 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 3 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.

Conviction Voting

• Conviction Growth: 3 day(s), meaning that voting power will increase by 50% every 3 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: 4.0%, this means that to pass any funding request it will take at least 4.0% of the actively voting TEC tokens.
• The Spending Limit: 13.0%, which means that no more than 13.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

Have the money on the Common Pool and have fun gambling and funding TE public goods

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	52 Weeks
Token Thaw	104 Weeks
Opening Price	1.2 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	0.75%
Exit Tribute	0.75%
*Reserve Ratio	2.69%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	0.5 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	0.5 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	2.25%
Spending Limit	9.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Fork of TEC Casino with longer vesting

Parameter	Value
Token Freeze	52 Weeks
Token Thaw	104 Weeks
Opening Price	1.2 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.20 wxDAI
6 months	0.00%	1.20 wxDAI
9 months	0.00%	1.20 wxDAI
1 year	0.00%	1.20 wxDAI
1.5 years	25.00%	0.90 wxDAI
2 years	50.00%	0.60 wxDAI
3 years	100.00%	0.00 wxDAI
4 years	100.00%	0.00 wxDAI
5 years	100.00%	0.00 wxDAI

Module 2: Augmented Bonding Curve (ABC)

Strategy:

The value of the token will be high as long as we have funds in the common pool so 95% of the funds are going to be governed by the token holders and the boding curve will be a casino where people can make a lot of money and fund TE public goods

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	0.75%
Exit Tribute	0.75%
*Reserve Ratio	2.69%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	1198162.39
Reserve (Before Initial Buy)	63061.18
Common Pool (After Initial Buy)	1200037.39
Reserve (After Initial Buy)	311186.18

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	63061.18	1956421.69	1.2	250000.00 wxDAI	1875.0	85710.80 TEC	5.67	58.55%
1	311186.18	2042132.48	5.67	5000.00 wxDAI	37.5	868.03 TEC	5.76	0.77%
2	316148.68	2043000.51	5.76	100000.00 wxDAI	750.0	15037.81 TEC	7.51	12.71%
3	415398.68	2058038.32	7.51	3000.00 TEC	164.68	21793.26 wxDAI	7.13	2.60%
4	393440.73	2055038.32	7.13	1.00 TEC	0.05	7.07 wxDAI	7.13	0.00%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,862,093	0.20	372,963.91
50,000	1,944,280	0.96	1,862,050.76
100,000	1,980,811	1.88	3,723,572.80
200,000	2,018,031	3.69	7,446,386.76
300,000	2,040,127	5.47	11,169,024.91
400,000	2,055,952	7.24	14,891,764.88
500,000	2,068,312	9.00	18,614,880.85
600,000	2,078,465	10.75	22,337,486.38
700,000	2,087,087	12.49	26,059,542.54
800,000	2,094,586	14.22	29,781,838.03
900,000	2,101,226	15.95	33,506,196.46
1,000,000	2,107,181	17.67	37,229,252.30
1,250,000	2,119,849	21.95	46,536,357.59
1,500,000	2,130,254	26.21	55,842,401.40
1,750,000	2,139,094	30.46	65,150,516.21
2,000,000	2,146,779	34.68	74,455,278.23
2,500,000	2,159,685	43.09	93,070,161.65
3,000,000	2,170,286	51.46	111,681,466.81
3,500,000	2,179,292	59.79	130,297,551.05
4,000,000	2,187,122	68.08	148,907,968.27
5,000,000	2,200,270	84.60	186,133,512.23
7,500,000	2,224,365	125.52	279,204,103.68
10,000,000	2,241,621	166.08	372,281,447.92
15,000,000	2,266,167	246.41	558,405,484.19
20,000,000	2,283,747	326.02	744,554,146.41
50,000,000	2,340,653	795.24	1,861,388,770.29
100,000,000	2,384,639	1,561.12	3,722,715,829.92

Module 3: Tao Voting

Strategy:

I like hatch params so no big changes on our god mode

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	0.5 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	0.5 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	3 days	5 days	7 days
Time to Execute a Passing Proposal	7.5 days	9.5 days	11.5 days

Module 4: Conviction Voting

Strategy:

This params will make proposals somehow hard to pass but with some support from the community should be ok, and that's why the future value of the token will be lead for the value we provide with the common pool funds.

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	2.25%
Spending Limit	9.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	42714
2	5,000	100,000	1,500,000	170859
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	34772
5	5,000	750,000	1,500,000	39366
6	25,000	750,000	1,500,000	85134

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 52 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 52 weeks. They can still be used to vote while frozen.
• Token Thaw: 104 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 104 weeks later.
• Opening Price: 1.2 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.2 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 95.00%, which means that 95.00% of the Hatch funds (1198162.39 wxDAI) will go to the Common Pool and 5.00% (63061.18 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 0.75% meaning that from every BUY order on the ABC, 0.75% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 0.75% meaning that from every SELL order on the ABC, 0.75% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 0.5 day(s), this means that 0.5 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 day(s) will be added for voting.
• Execution Delay: 0.5 day(s), meaning that there is an 0.5 day delay after the vote is passed before the proposed action is executed.

Conviction Voting

• Conviction Growth: 20 day(s), meaning that voting power will increase by 50% every 20 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: 2.25%, this means that to pass any funding request it will take at least 2.25% of the actively voting TEC tokens.
• The Spending Limit: 9.0%, which means that no more than 9.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
Token Name	Token Engineering Commons
Token Symbol	TEC
Proposal Deposit	250 wxDAI
Challenge Deposit	500 wxDAI
Settlement Period	5 days
Minimum Effective Supply	1.0%
Hatchers Rage Quit	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

We wanted to have a high reserve ratio and mixed some approach from other proposals like #80 and #84

By: Ivi, Zep & juank :)

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	26 Weeks
Opening Price	0.85 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	60.00%
Entry Tribute	15.00%
Exit Tribute	1.00%
*Reserve Ratio	30.34%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	0.5 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	2.0%
Spending Limit	10.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Low opening price so that it raises over 1.09 after initial buy, giving 9% of profits to hatchers. 1 year of total vesting with equal 6 months periods.

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	26 Weeks
Opening Price	0.85 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	0.85 wxDAI
6 months	0.00%	0.85 wxDAI
9 months	50.00%	0.42 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Reserve ratio over 30.3% with 800k in the common pool. The entry tribute will be reduced by 3% every two months, until it reaches 3% and the exit tribute will increase until 3% in that same period of time.

Parameter	Value
Commons Tribute	60.00%
Entry Tribute	15.00%
Exit Tribute	1.00%
*Reserve Ratio	30.34%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	756734.14
Reserve (Before Initial Buy)	504489.43
Common Pool (After Initial Buy)	794234.14
Reserve (After Initial Buy)	716989.43

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	504489.43	1956421.69	0.85	250000.00 wxDAI	37500.0	220159.80 TEC	1.09	11.94%
1	716989.43	2176581.49	1.09	5000.00 wxDAI	750.0	3905.95 TEC	1.09	0.21%
2	721239.43	2180487.44	1.09	100000.00 wxDAI	15000.0	74956.05 TEC	1.18	3.85%
3	806239.43	2255443.49	1.18	3000.00 TEC	529.43	3000.12 wxDAI	1.17	0.15%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	595,505	0.06	32,966.96
50,000	970,329	0.17	164,819.71
100,000	1,197,404	0.28	329,635.73
200,000	1,477,621	0.45	659,267.35
300,000	1,671,026	0.59	988,899.56
400,000	1,823,416	0.72	1,318,531.45
500,000	1,951,125	0.84	1,648,163.23
600,000	2,062,083	0.96	1,977,795.47
700,000	2,160,805	1.07	2,307,426.88
800,000	2,250,135	1.17	2,637,059.16
900,000	2,331,989	1.27	2,966,690.64
1,000,000	2,407,731	1.37	3,296,323.27
1,250,000	2,576,365	1.60	4,120,402.73
1,500,000	2,722,880	1.82	4,944,482.92
1,750,000	2,853,238	2.02	5,768,562.77
2,000,000	2,971,194	2.22	6,592,642.56
2,500,000	3,179,292	2.59	8,240,801.36
3,000,000	3,360,094	2.94	9,888,961.94
3,500,000	3,520,960	3.28	11,537,121.49
4,000,000	3,666,519	3.60	13,185,279.93
5,000,000	3,923,317	4.20	16,481,600.08
7,500,000	4,436,842	5.57	24,722,401.32
10,000,000	4,841,461	6.81	32,963,197.57
15,000,000	5,475,163	9.03	49,444,794.44
20,000,000	5,974,472	11.03	65,926,393.42
50,000,000	7,889,001	20.89	164,815,982.17
100,000,000	9,735,205	33.86	329,631,962.74

Module 3: Tao Voting

Strategy:

mostly defaults, only 1 day less in delegated voting period and quiet ending period being low to incentivize active participation in the regular voting period.

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	0.5 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	3 days	5 days	7 days
Time to Execute a Passing Proposal	8 days	10 days	12 days

Module 4: Conviction Voting

Strategy:

with 800k in common pool, the max spending limit would be 80k (10%) and we expect to be able to pass proposals between 20-40k. we reach a minimum conviction of 67k TEC in one month and it stays the same for longer periods of time.

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	2.0%
Spending Limit	10.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	37037
2	5,000	100,000	1,500,000	120000
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	30816
5	5,000	750,000	1,500,000	34438
6	25,000	750,000	1,500,000	67499

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 26 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 26 weeks. They can still be used to vote while frozen.
• Token Thaw: 26 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 26 weeks later.
• Opening Price: 0.85 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 0.85 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 60.00%, which means that 60.00% of the Hatch funds (756734.14 wxDAI) will go to the Common Pool and 40.00% (504489.43 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 15.00% meaning that from every BUY order on the ABC, 15.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 1.00% meaning that from every SELL order on the ABC, 1.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 0.5 day(s), this means that 0.5 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 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.

Conviction Voting

• Conviction Growth: 3 day(s), meaning that voting power will increase by 50% every 3 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: 2.0%, this means that to pass any funding request it will take at least 2.0% of the actively voting TEC tokens.
• The Spending Limit: 10.0%, which means that no more than 10.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

Have the money on the Common Pool and have fun gambling and funding TE public goods. liked the initial

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	52 Weeks
Token Thaw	104 Weeks
Opening Price	1.2 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	1.00%
Exit Tribute	2.00%
*Reserve Ratio	2.69%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	1 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	3.0%
Spending Limit	10.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Fork of TEC Casino with longer vesting

Parameter	Value
Token Freeze	52 Weeks
Token Thaw	104 Weeks
Opening Price	1.2 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.20 wxDAI
6 months	0.00%	1.20 wxDAI
9 months	0.00%	1.20 wxDAI
1 year	0.00%	1.20 wxDAI
1.5 years	25.00%	0.90 wxDAI
2 years	50.00%	0.60 wxDAI
3 years	100.00%	0.00 wxDAI
4 years	100.00%	0.00 wxDAI
5 years	100.00%	0.00 wxDAI

Module 2: Augmented Bonding Curve (ABC)

Strategy:

The value of the token will be high as long as we have funds in the common pool so 95% of the funds are going to be governed by the token holders and the boding curve will be a casino where people can make a lot of money and fund TE public goods

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	1.00%
Exit Tribute	2.00%
*Reserve Ratio	2.69%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	1198162.39
Reserve (Before Initial Buy)	63061.18
Common Pool (After Initial Buy)	1200662.39
Reserve (After Initial Buy)	310561.18

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	63061.18	1956421.69	1.2	250000.00 wxDAI	2500.0	85600.52 TEC	5.66	58.50%
1	310561.18	2042022.21	5.66	5000.00 wxDAI	50.0	867.54 TEC	5.75	0.77%
2	315511.18	2042889.75	5.75	100000.00 wxDAI	1000.0	15030.34 TEC	7.5	12.71%
3	414511.18	2057920.09	7.5	3000.00 TEC	219.12	21693.14 wxDAI	7.11	2.60%
4	392598.92	2054920.09	7.11	1.00 TEC	0.07	7.04 wxDAI	7.11	0.00%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,862,093	0.20	372,963.91
50,000	1,944,280	0.96	1,862,050.76
100,000	1,980,811	1.88	3,723,572.80
200,000	2,018,031	3.69	7,446,386.76
300,000	2,040,127	5.47	11,169,024.91
400,000	2,055,952	7.24	14,891,764.88
500,000	2,068,312	9.00	18,614,880.85
600,000	2,078,465	10.75	22,337,486.38
700,000	2,087,087	12.49	26,059,542.54
800,000	2,094,586	14.22	29,781,838.03
900,000	2,101,226	15.95	33,506,196.46
1,000,000	2,107,181	17.67	37,229,252.30
1,250,000	2,119,849	21.95	46,536,357.59
1,500,000	2,130,254	26.21	55,842,401.40
1,750,000	2,139,094	30.46	65,150,516.21
2,000,000	2,146,779	34.68	74,455,278.23
2,500,000	2,159,685	43.09	93,070,161.65
3,000,000	2,170,286	51.46	111,681,466.81
3,500,000	2,179,292	59.79	130,297,551.05
4,000,000	2,187,122	68.08	148,907,968.27
5,000,000	2,200,270	84.60	186,133,512.23
7,500,000	2,224,365	125.52	279,204,103.68
10,000,000	2,241,621	166.08	372,281,447.92
15,000,000	2,266,167	246.41	558,405,484.19
20,000,000	2,283,747	326.02	744,554,146.41
50,000,000	2,340,653	795.24	1,861,388,770.29
100,000,000	2,384,639	1,561.12	3,722,715,829.92

Module 3: Tao Voting

Strategy:

I like hatch params so no big changes on our god mode

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	1 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	3 days	5 days	7 days
Time to Execute a Passing Proposal	8 days	10 days	12 days

Module 4: Conviction Voting

Strategy:

This params will make proposals somehow hard to pass but with some support from the community should be ok, and that's why the future value of the token will be lead for the value we provide with the common pool funds. Lower spending limit from original proposal.

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	3.0%
Spending Limit	10.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	55555
2	5,000	100,000	1,500,000	179999
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	46224
5	5,000	750,000	1,500,000	51658
6	25,000	750,000	1,500,000	101249

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 52 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 52 weeks. They can still be used to vote while frozen.
• Token Thaw: 104 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 104 weeks later.
• Opening Price: 1.2 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.2 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 95.00%, which means that 95.00% of the Hatch funds (1198162.39 wxDAI) will go to the Common Pool and 5.00% (63061.18 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 1.00% meaning that from every BUY order on the ABC, 1.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 2.00% meaning that from every SELL order on the ABC, 2.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 1 day(s), this means that 1 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 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.

Conviction Voting

• Conviction Growth: 20 day(s), meaning that voting power will increase by 50% every 20 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: 3.0%, this means that to pass any funding request it will take at least 3.0% of the actively voting TEC tokens.
• The Spending Limit: 10.0%, which means that no more than 10.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
Token Name	Token Engineering Commons
Token Symbol	TEC
Proposal Deposit	250 wxDAI
Challenge Deposit	500 wxDAI
Settlement Period	5 days
Minimum Effective Supply	1.0%
Hatchers Rage Quit	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

Did you know that from hatching to leaving the nest a bird can increase its weight by as much as 10 times?

Influenced and inspired by:

#113 - "The Fledge"
#74 - $1 Gambit for $1,000,000 Goldilocks Orogeny
#109 - The Bolshevik's Gambit fork with Revolutionary Opening Price and Iron Curtain Conviction Voting
#124 - Montaña Rusa: The Communist Roller-Coaster

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	39 Weeks
Token Thaw	65 Weeks
Opening Price	1.5 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	73.00%
Entry Tribute	16.00%
Exit Tribute	5.00%
*Reserve Ratio	11.60%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	6 day(s)
Delegated Voting Period	3 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	14 day(s)
Minimum Conviction	5.0%
Spending Limit	20.0%

Module 1: Token Freeze and Token Thaw

Strategy:

In large part, our Hatch was based on the premise that Hatchers are commitment the long term, mission driven goals over short term individual gains. So I’m advocating for a longish thaw. One that will give the TEC a floor above the Hatch price for the entire first year. Kudos to The Fledge (#113) for the “hatch, fledge” analogy. Hatch, fledge, fly!

Did you know that from hatching to leaving the nest a bird can increase its weight by as much as 10 times?

With the freeze/thaw at 39/65, Hatchers tokens begin to thaw at 9 months and by the end of the first year, 20% of Hatchers tokens will be unfrozen.

We are not greedy. We envision a world where ethical and resilient economic systems benefit societies. We know it will take us time to make that happen and that having a secure floor for one full yer will provide needed security to take our next bold steps. This gives us a year to build our reputation, strategies and agility in whatever market conditions we face.

Parameter	Value
Token Freeze	39 Weeks
Token Thaw	65 Weeks
Opening Price	1.5 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.50 wxDAI
6 months	0.00%	1.50 wxDAI
9 months	0.00%	1.50 wxDAI
1 year	20.00%	1.20 wxDAI
1.5 years	60.00%	0.60 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

The psychological impact of 1M in the Commons pool is no small trifle. That’s 1M allocated directly to funding proposals that serve our mission. With a must-have of 1M in the Commons pool, I looked to find the right balance between the Commons Tribute (sourced from existing Hatchers) and Entry/Exit Tribute (to be sourced from future TEC token holders).

Unless we are setting the entry/exit to near-zero we should expect that future TEC token holders are here for the impact to be made and a belief in what we are doing. Any non-zero tribute will be a deterrent to the average speculator.

I see the wisdom of #74 with having the entry/exit adjust over a scheduled amount of time and will propose the same. Entry: 16 - 12 - 8 - 4 and Exit: 5 - 6 - 7 - 8, with and adjustment happening every 6 weeks.

In the words of #74 “With this strategy, we should change the Tributes every month so that they gradually go from 22% and 2% to 2% and 12% in 5 months. This could be done every month by decreasing the Entry Tribute by 4% and increasing the Exit Tribute by 2%. This is important for our long term growth so that if the price is going down, more money is flowing into the Common Pool so that as a community we can provide more value to our token holders and the TE community.”

Here I nod again to #113 and appreciate very much their doubling down on the impact investment angle. In their words: “​​The 80% initial tribute makes us unabashedly an impact investment. Impact investors care about impact and don't want to pay to fund reserves to lower the volatility. Another effect of the low reserve is high slippage, which makes it expensive and thus unattractive for non-aligned, purely speculative whales to suddenly buy up large shares in ways that might harm the mission and the community. Impact investors will care less about slippage, since that money goes to the TEC, which they are backing for impact. Oh, did I mention it's a million dollar fund. Nice.

Yeah, 30% entry tribute is a big cut. But remember, we're an impact investment. We pitch that the 30% is an investment that they make in public goods and we take it off the top while they're still excited. There's no exit tribute. We get the investment up front, not when they're trying to get out and may have reasons for leaving anyway.”

Parameter	Value
Commons Tribute	73.00%
Entry Tribute	16.00%
Exit Tribute	5.00%
*Reserve Ratio	11.60%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	920693.21
Reserve (Before Initial Buy)	340530.36
Common Pool (After Initial Buy)	960693.21
Reserve (After Initial Buy)	550530.36

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	340530.36	1956421.69	1.5	250000.00 wxDAI	40000.0	112152.26 TEC	2.29	19.89%
1	550530.36	2068573.95	2.29	5000.00 wxDAI	800.0	1825.08 TEC	2.31	0.34%
2	554730.36	2070399.03	2.31	100000.00 wxDAI	16000.0	34153.38 TEC	2.62	6.12%
3	638730.36	2104552.41	2.62	3000.00 TEC	1248.65	6555.40 wxDAI	2.59	0.54%
4	630926.32	2101552.41	2.59	5000.00 wxDAI	800.0	1618.60 TEC	2.6	0.29%
5	635126.32	2103171.0	2.6	100000.00 wxDAI	16000.0	30533.58 TEC	2.9	5.40%
6	719126.32	2133704.59	2.9	3000.00 TEC	1386.71	7280.22 wxDAI	2.87	0.53%
7	710459.39	2130704.59	2.87	2000.00 TEC	916.24	4810.29 wxDAI	2.85	0.36%
8	704732.86	2128704.59	2.85	5000000.00 wxDAI	800000.0	537468.71 TEC	15.85	63.49%
9	4904732.86	2666173.3	15.85	1000000.00 wxDAI	160000.0	49358.78 TEC	18.23	6.84%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,299,249	0.07	86,211.00
50,000	1,565,974	0.28	430,922.37
100,000	1,697,124	0.51	861,813.49
200,000	1,839,263	0.94	1,723,598.50
300,000	1,927,866	1.34	2,585,375.15
400,000	1,993,308	1.73	3,447,154.79
500,000	2,045,595	2.11	4,308,933.60
600,000	2,089,333	2.47	5,170,718.72
700,000	2,127,042	2.84	6,032,502.50
800,000	2,160,256	3.19	6,894,289.28
900,000	2,189,984	3.54	7,756,066.65
1,000,000	2,216,923	3.89	8,617,857.60
1,250,000	2,275,075	4.73	10,772,309.72
1,500,000	2,323,720	5.56	12,926,758.93
1,750,000	2,365,659	6.38	15,081,216.15
2,000,000	2,402,600	7.17	17,235,657.31
2,500,000	2,465,624	8.74	21,544,593.09
3,000,000	2,518,343	10.27	25,853,511.43
3,500,000	2,563,794	11.76	30,162,377.00
4,000,000	2,603,830	13.24	34,471,328.44
5,000,000	2,672,131	16.13	43,089,078.82
7,500,000	2,800,858	23.08	64,633,592.56
10,000,000	2,895,935	29.76	86,178,217.89
15,000,000	3,035,444	42.59	129,267,195.00
20,000,000	3,138,484	54.92	172,356,607.22
50,000,000	3,490,570	123.44	430,891,118.96
100,000,000	3,782,922	227.81	861,782,776.29

Module 3: Tao Voting

Strategy:

The defaults are well thought through and I’ll stick with them. For color, will add the phrasing of the #109 to chew on: “ Revolutions need to be agile as well. For this we should aim for high consensus, short-er duration.

Tao Voting might not interest everyone, but that's why we have delegates. It should be reasonable to expect high turnout for votes since voting power should either be used or delegated, not sitting idle, this is not how revolutions are made!"

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	6 day(s)
Delegated Voting Period	3 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	6 days	9 days	12 days
Time to Review a Delegates Vote	3 days	6 days	9 days
Time to Execute a Passing Proposal	7 days	10 days	13 days

Module 4: Conviction Voting

Strategy:

There is a conversation about the TE Academy proposal that shapes my thinking here. Knowing their longer financial runway facilitates funding roles to execute their vision. So, for example, requesting a grant for 6 months out versus month-by-month would be the difference between only being able to assure someone’s role month-to-month versus offering a longer term assurance of compensation to a new hire. This is big for our bootstrapping projects!

Low spending limits act as a sort of check-and-balance on projects as they will need to prove continuous delivery by requesting small amounts periodically. There is a real advantage to that but I feel that makes it administratively difficult for larger, more ambitious projects like the TE Academy to depend on funding from us. And for the voters, it will exhaust our attention to have a constant stream of smaller proposals.

High spending limits here might pose a risk but as #124 points out, we have Celeste. We should be able to rely on Celeste to arbitrate anyone acting in bad faith. In the end, I believe it will better serve our goal of advancing Token Engineering than a low spending limit.

Finally, that any proposal will require > 24 hours to pass is a courtesy to the entire community.

Parameter	Value
Conviction Growth	14 day(s)
Minimum Conviction	5.0%
Spending Limit	20.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	83102
2	5,000	100,000	1,500,000	133333
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	76010
5	5,000	750,000	1,500,000	80261
6	25,000	750,000	1,500,000	108000
7	150,000	865,213	1,500,000	Not possible

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 39 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 39 weeks. They can still be used to vote while frozen.
• Token Thaw: 65 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 65 weeks later.
• Opening Price: 1.5 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.5 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 73.00%, which means that 73.00% of the Hatch funds (920693.21 wxDAI) will go to the Common Pool and 27.00% (340530.36 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 16.00% meaning that from every BUY order on the ABC, 16.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 5.00% meaning that from every SELL order on the ABC, 5.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% of all tokens need to have voted on a proposal in order for it to become valid.
• Vote Duration: 6 day(s), meaning that eligible voters will have 6 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: 3 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 3 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.

Conviction Voting

• Conviction Growth: 14 day(s), meaning that voting power will increase by 50% every 14 days that they are staked behind a proposal, so after 12 days, a voters voting power will have reached 75% of it's maximum capacity.
• Minimum Conviction: 5.0%, this means that to pass any funding request it will take at least 5.0% 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.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

Have the money on the Common Pool and have fun gambling and funding TE public goods

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	26 Weeks
Opening Price	1.2 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	2.00%
Exit Tribute	2.00%
*Reserve Ratio	2.69%

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

Module 3: Tao Voting

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	1 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	3.0%
Spending Limit	12.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Fork of TEC Casino with half year of freeze and half year of thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	26 Weeks
Opening Price	1.2 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.20 wxDAI
6 months	0.00%	1.20 wxDAI
9 months	50.00%	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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

The value of the token will be high as long as we have funds in the common pool so 95% of the funds are going to be governed by the token holders and the boding curve will be a casino where people can make a lot of money and fund TE public goods

Parameter	Value
Commons Tribute	95.00%
Entry Tribute	2.00%
Exit Tribute	2.00%
*Reserve Ratio	2.69%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	1198162.39
Reserve (Before Initial Buy)	63061.18
Common Pool (After Initial Buy)	1203162.39
Reserve (After Initial Buy)	308061.18

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	63061.18	1956421.69	1.2	250000.00 wxDAI	5000.0	85157.24 TEC	5.62	58.29%
1	308061.18	2041578.93	5.62	5000.00 wxDAI	100.0	865.57 TEC	5.7	0.77%
2	312961.18	2042444.5	5.7	100000.00 wxDAI	2000.0	15000.20 TEC	7.44	12.68%
3	410961.18	2057444.7	7.44	3000.00 TEC	434.59	21294.90 wxDAI	7.05	2.60%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,862,093	0.20	372,963.91
50,000	1,944,280	0.96	1,862,050.76
100,000	1,980,811	1.88	3,723,572.80
200,000	2,018,031	3.69	7,446,386.76
300,000	2,040,127	5.47	11,169,024.91
400,000	2,055,952	7.24	14,891,764.88
500,000	2,068,312	9.00	18,614,880.85
600,000	2,078,465	10.75	22,337,486.38
700,000	2,087,087	12.49	26,059,542.54
800,000	2,094,586	14.22	29,781,838.03
900,000	2,101,226	15.95	33,506,196.46
1,000,000	2,107,181	17.67	37,229,252.30
1,250,000	2,119,849	21.95	46,536,357.59
1,500,000	2,130,254	26.21	55,842,401.40
1,750,000	2,139,094	30.46	65,150,516.21
2,000,000	2,146,779	34.68	74,455,278.23
2,500,000	2,159,685	43.09	93,070,161.65
3,000,000	2,170,286	51.46	111,681,466.81
3,500,000	2,179,292	59.79	130,297,551.05
4,000,000	2,187,122	68.08	148,907,968.27
5,000,000	2,200,270	84.60	186,133,512.23
7,500,000	2,224,365	125.52	279,204,103.68
10,000,000	2,241,621	166.08	372,281,447.92
15,000,000	2,266,167	246.41	558,405,484.19
20,000,000	2,283,747	326.02	744,554,146.41
50,000,000	2,340,653	795.24	1,861,388,770.29
100,000,000	2,384,639	1,561.12	3,722,715,829.92

Module 3: Tao Voting

Strategy:

I like hatch params so no big changes on our god mode

Parameter	Value
Support Required	88%
Minimum Quorum	8%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	1 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	3 days	5 days	7 days
Time to Execute a Passing Proposal	8 days	10 days	12 days

Module 4: Conviction Voting

Strategy:

This params will make proposals somehow hard to pass but with some support from the community should be ok, and that's why the future value of the token will be lead for the value we provide with the common pool funds. lower spending limit from the original proposal

Parameter	Value
Conviction Growth	20 day(s)
Minimum Conviction	3.0%
Spending Limit	12.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	53553
2	5,000	100,000	1,500,000	132244
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	46016
5	5,000	750,000	1,500,000	50449
6	25,000	750,000	1,500,000	86272

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 26 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 26 weeks. They can still be used to vote while frozen.
• Token Thaw: 26 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 26 weeks later.
• Opening Price: 1.2 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.2 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 95.00%, which means that 95.00% of the Hatch funds (1198162.39 wxDAI) will go to the Common Pool and 5.00% (63061.18 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 2.00% meaning that from every BUY order on the ABC, 2.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 2.00% meaning that from every SELL order on the ABC, 2.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 88%, which means 88% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 8%, meaning that 8% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 1 day(s), this means that 1 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 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.

Conviction Voting

• Conviction Growth: 20 day(s), meaning that voting power will increase by 50% every 20 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: 3.0%, this means that to pass any funding request it will take at least 3.0% of the actively voting TEC tokens.
• The Spending Limit: 12.0%, which means that no more than 12.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
Token Name	Token Engineering Commons
Token Symbol	TEC
Proposal Deposit	250 wxDAI
Challenge Deposit	500 wxDAI
Settlement Period	5 days
Minimum Effective Supply	1.0%
Hatchers Rage Quit	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

Bringing Volatility and Funding to the Token Engineering Commons economy!

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	15 Weeks
Token Thaw	30 Weeks
Opening Price	2.45 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	71.00%
Entry Tribute	7.00%
Exit Tribute	2.00%
*Reserve Ratio	7.63%

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

Module 3: Tao Voting

Parameter	Value
Support Required	85%
Minimum Quorum	11%
Vote Duration	7 day(s)
Delegated Voting Period	3 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	52 day(s)
Minimum Conviction	1.0%
Spending Limit	12.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Moderate Freeze/Thaw w/ decent starting price.

Parameter	Value
Token Freeze	15 Weeks
Token Thaw	30 Weeks
Opening Price	2.45 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	2.45 wxDAI
6 months	36.67%	1.55 wxDAI
9 months	80.00%	0.49 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Parameter	Value
Commons Tribute	71.00%
Entry Tribute	7.00%
Exit Tribute	2.00%
*Reserve Ratio	7.63%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	895468.73
Reserve (Before Initial Buy)	365754.84
Common Pool (After Initial Buy)	912968.73
Reserve (After Initial Buy)	598254.84

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	365754.84	1956421.69	2.45	250000.00 wxDAI	17500.0	74854.01 TEC	3.86	21.12%
1	598254.84	2031275.7	3.86	5000.00 wxDAI	350.0	1200.45 TEC	3.89	0.36%
2	602904.84	2032476.14	3.89	100000.00 wxDAI	7000.0	22370.59 TEC	4.44	6.49%
3	695904.84	2054846.73	4.44	3000.00 TEC	923.83	12273.81 wxDAI	4.36	0.88%
4	682707.19	2051846.73	4.36	5000.00 wxDAI	350.0	1063.07 TEC	4.39	0.31%
5	687357.19	2052909.81	4.39	100000.00 wxDAI	7000.0	19975.12 TEC	4.93	5.76%
6	780357.19	2072884.93	4.93	3000.00 TEC	1027.01	13644.59 wxDAI	4.85	0.87%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,486,622	0.09	131,128.62
50,000	1,680,818	0.39	655,329.53
100,000	1,772,105	0.74	1,310,583.31
200,000	1,868,353	1.40	2,621,081.30
300,000	1,927,061	2.04	3,931,573.64
400,000	1,969,830	2.66	5,242,071.47
500,000	2,003,658	3.27	6,552,586.89
600,000	2,031,728	3.87	7,863,080.74
700,000	2,055,767	4.46	9,173,532.14
800,000	2,076,821	5.05	10,484,046.81
900,000	2,095,572	5.63	11,794,608.19
1,000,000	2,112,487	6.20	13,105,090.79
1,250,000	2,148,764	7.62	16,381,293.41
1,500,000	2,178,868	9.02	19,657,596.49
1,750,000	2,204,648	10.40	22,933,864.19
2,000,000	2,227,226	11.77	26,209,998.26
2,500,000	2,265,475	14.46	32,762,574.82
3,000,000	2,297,214	17.11	39,315,204.80
3,500,000	2,324,394	19.73	45,867,660.72
4,000,000	2,348,200	22.32	52,420,208.95
5,000,000	2,388,524	27.43	65,524,900.45
7,500,000	2,463,580	39.90	98,287,712.18
10,000,000	2,518,258	52.04	131,049,770.03
15,000,000	2,597,391	75.68	196,575,465.43
20,000,000	2,655,039	98.72	262,100,499.15
50,000,000	2,847,319	230.13	655,248,880.67
100,000,000	3,001,973	436.55	1,310,500,092.78

Module 3: Tao Voting

Strategy:

Brainstormin that TAO.

Parameter	Value
Support Required	85%
Minimum Quorum	11%
Vote Duration	7 day(s)
Delegated Voting Period	3 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	4 days	6 days	8 days
Time to Execute a Passing Proposal	8 days	10 days	12 days

Module 4: Conviction Voting

Strategy:

Orogeny Light

Parameter	Value
Conviction Growth	52 day(s)
Minimum Conviction	1.0%
Spending Limit	12.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	17851
2	5,000	100,000	1,500,000	44081
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	15338
5	5,000	750,000	1,500,000	16816
6	25,000	750,000	1,500,000	28757

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 15 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 15 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: 2.45 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 2.45 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 71.00%, which means that 71.00% of the Hatch funds (895468.73 wxDAI) will go to the Common Pool and 29.00% (365754.84 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 7.00% meaning that from every BUY order on the ABC, 7.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 2.00% meaning that from every SELL order on the ABC, 2.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 85%, which means 85% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 11%, meaning that 11% 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: 3 day(s), this means that 3 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 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.

Conviction Voting

• Conviction Growth: 52 day(s), meaning that voting power will increase by 50% every 52 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: 12.0%, which means that no more than 12.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

This is an exaggerated version of the Entry into Orogeny proposal (shout out to Nate!) and is somewhat inspired by Zep's DAO Casino and Tam's push for a high Common Pool.

The real things to note about this proposal is the >1 million dollar Common Pool, the Strategy around the Entry and Exit Tributes, and the low Reserve Ratio.

This proposal has a high entry tribute to attract value aligned participants that missed the Hatch and are smart enough to see that the low reserve ratio will still allow them to make a profit if they get in early. With this strategy, we should change the Tributes every month so that they gradually go from 26% and 0% to 2% and 12% in 6 months. This could be done every month by decreasing the Entry Tribute by 4% and increasing the Exit Tribute by 2%. This is important for our long term growth so that if the price is going down, more money is flowing into the Common Pool so that as a community we can provide more value to our token holders and the TE community.

If we are smart, we should make an agreement to set the Entry Tribute to 100% when we reach a 40 Mil Market Cap so that the bonding curve can act as a parachute if the Price crashes but we stop printing TEC once we are large enough and don't need the liquidity protection of the bonding curve.

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	20 Weeks
Token Thaw	52 Weeks
Opening Price	1.4 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	75.00%
Entry Tribute	26.00%
Exit Tribute	0.00%
*Reserve Ratio	11.51%

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

Module 3: Tao Voting

Parameter	Value
Support Required	80%
Minimum Quorum	10%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	0.5 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	70 day(s)
Minimum Conviction	0.9000000000000001%
Spending Limit	15.0%

Module 1: Token Freeze and Token Thaw

Strategy:

This was tooo damn long of vestin... so i made it shorter!

Considering the decent profit off the bat (40% / 111%) and the low reserve ratio which 2.75 years for the tokens to unlock seems fine. 9 months to get the economy going, 2 years after that to slowly vest... if someone had 10,000 tokens from the Hatch they would get about ~14 tokens a day.

Parameter	Value
Token Freeze	20 Weeks
Token Thaw	52 Weeks
Opening Price	1.4 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.40 wxDAI
6 months	11.54%	1.24 wxDAI
9 months	36.54%	0.89 wxDAI
1 year	61.54%	0.54 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

The Commons Tribute and Entry Tribute are set so that there is about ~1 mil in the Common Pool after the initial buy.

This gives us a nice runway to get a jumpstart on Advancing Token Engineering!

The Entry Tribute (26%) is extremely high.. but this is the only way to get tokens to start so I think it will not dissuade early contributors that are value aligned and if this proposal is chosen we should plan to reduce the entry tribute 4% and raise the exit tribute 2% every month until the tributes end up as 2% entry and 12% exit after 6 months.

This proposal has a low Reserve Ratio so that we can have high profitability for it to make sense to speculate despite the high entry tribute.

If we lower it 4% a month... we only have to sell ~40k worth of tokens every month for it to make sense to speculate on the token. I think this is very doable.

The Reserve Ratio is low but it's not a DAO Casino and with a long lockup we have a long time to grow beyond the Hatch.

Parameter	Value
Commons Tribute	75.00%
Entry Tribute	26.00%
Exit Tribute	0.00%
*Reserve Ratio	11.51%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	945917.68
Reserve (Before Initial Buy)	315305.89
Common Pool (After Initial Buy)	1010917.68
Reserve (After Initial Buy)	500305.89

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	315305.89	1956421.69	1.4	250000.00 wxDAI	65000.0	106790.74 TEC	2.11	19.19%
1	500305.89	2063212.43	2.11	5000.00 wxDAI	1300.0	1750.79 TEC	2.12	0.33%
2	504005.89	2064963.22	2.12	100000.00 wxDAI	26000.0	32823.98 TEC	2.39	5.95%
3	578005.89	2097787.2	2.39	3000.00 TEC	1856.68	5284.41 wxDAI	2.37	0.55%
4	570864.8	2094787.2	2.37	35000.00 wxDAI	9100.0	10727.22 TEC	2.46	1.95%
5	596764.8	2105514.41	2.46	38000.00 wxDAI	9880.0	11189.91 TEC	2.56	2.03%
6	624884.8	2116704.33	2.56	41000.00 wxDAI	10660.0	11584.23 TEC	2.67	2.08%
7	655224.8	2128288.56	2.67	43000.00 wxDAI	11180.0	11650.10 TEC	2.79	2.09%
8	687044.8	2139938.66	2.79	750000.00 wxDAI	195000.0	150950.41 TEC	4.71	24.15%
9	1242044.8	2290889.07	4.71	1000000.00 wxDAI	260000.0	126631.54 TEC	7.12	19.41%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,315,077	0.07	86,900.81
50,000	1,582,704	0.27	434,371.69
100,000	1,714,160	0.51	868,707.89
200,000	1,856,540	0.94	1,737,386.62
300,000	1,945,250	1.34	2,606,064.92
400,000	2,010,748	1.73	3,474,737.22
500,000	2,063,069	2.11	4,343,415.90
600,000	2,106,826	2.47	5,212,084.93
700,000	2,144,547	2.84	6,080,770.61
800,000	2,177,766	3.19	6,949,437.54
900,000	2,207,496	3.54	7,818,120.22
1,000,000	2,234,433	3.89	8,686,783.20
1,250,000	2,292,574	4.74	10,858,475.03
1,500,000	2,341,200	5.57	13,030,172.69
1,750,000	2,383,116	6.38	15,201,872.94
2,000,000	2,420,032	7.18	17,373,576.11
2,500,000	2,483,002	8.75	21,716,904.95
3,000,000	2,535,667	10.28	26,060,301.70
3,500,000	2,581,065	11.78	30,403,650.88
4,000,000	2,621,048	13.26	34,747,104.21
5,000,000	2,689,248	16.15	43,433,861.15
7,500,000	2,817,748	23.12	65,150,810.68
10,000,000	2,912,626	29.82	86,867,551.73
15,000,000	3,051,799	42.70	130,301,503.62
20,000,000	3,154,559	55.07	173,735,385.74
50,000,000	3,505,488	123.90	434,338,431.11
100,000,000	3,796,665	228.80	868,676,110.23

Module 3: Tao Voting

Strategy:

The Tao Voting parameters provide a voting system that requires a high amount of support (80%), and a moderate quorum (10%) of participation.... this is almost the same as our HatchDAO but higher quorum because we have delegation and lower support required because we are now an open community, not just the Trusted Seed.

The Vote Duration (7 days) allows a sufficient amount of time for community engagement. Delegated Voting (4 days) will end slightly before the active voting period, allowing community members (3 days) an opportunity to alter the outcome of the vote. If the voting outcome is changed, there will be a quiet ending extension of (2 days) for final community engagement. The execution delay (12 hours) is sufficient time for the community to prepare for voting outcomes for those that really care about exiting after a vote is determined given the quiet ending extension.

Parameter	Value
Support Required	80%
Minimum Quorum	10%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	2 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	0.5 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	9 days	11 days
Time to Review a Delegates Vote	3 days	5 days	7 days
Time to Execute a Passing Proposal	7.5 days	9.5 days	11.5 days

Module 4: Conviction Voting

Strategy:

With the conviction voting module, I set the Spending Limit at 15% ensuring that we can fund 50k-80k proposals if we need to given our large Common Pool. The rest of the settings were inspired by Nate's Orogeny params with a low Minimum Conviction (.6%) and high Conviction Growth (100 days) ensures that it takes a lot of tokens to pass proposals quickly but minority token holders with patience and persistence can still fund projects and that the community has an opportunity to move their tokens between proposals without impacting their conviction too quickly.

I think these parameters could be explored more.

Parameter	Value
Conviction Growth	70 day(s)
Minimum Conviction	0.9000000000000001%
Spending Limit	15.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	15497
2	5,000	100,000	1,500,000	30375
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	13743
5	5,000	750,000	1,500,000	14785
6	25,000	750,000	1,500,000	22316

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• 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: 52 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 52 weeks later.
• Opening Price: 1.4 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.4 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 75.00%, which means that 75.00% of the Hatch funds (945917.68 wxDAI) will go to the Common Pool and 25.00% (315305.89 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 26.00% meaning that from every BUY order on the ABC, 26.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 0.00% meaning that from every SELL order on the ABC, 0.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 80%, which means 80% 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 4 day(s), meaning that Delegates will have 4 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: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 day(s) will be added for voting.
• Execution Delay: 0.5 day(s), meaning that there is an 0.5 day delay after the vote is passed before the proposed action is executed.

Conviction Voting

• Conviction Growth: 70 day(s), meaning that voting power will increase by 50% every 70 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: 0.9000000000000001%, this means that to pass any funding request it will take at least 0.9000000000000001% of the actively voting TEC tokens.
• The Spending Limit: 15.0%, which means that no more than 15.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
Token Name	Token Engineering Commons
Token Symbol	TEC
Proposal Deposit	200 wxDAI
Challenge Deposit	400 wxDAI
Settlement Period	5 days
Minimum Effective Supply	2.0%
Hatchers Rage Quit	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

I wanted to see what I thought it is an quick running proposal

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	6 Weeks
Token Thaw	4 Weeks
Opening Price	2.5 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	25.00%
Entry Tribute	15.00%
Exit Tribute	20.00%
*Reserve Ratio	19.34%

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

Module 3: Tao Voting

Parameter	Value
Support Required	75%
Minimum Quorum	45%
Vote Duration	15 day(s)
Delegated Voting Period	5 day(s)
Quiet Ending Period	5 day(s)
Quiet Ending Extension	5 day(s)
Execution Delay	10 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	45 day(s)
Minimum Conviction	2.0%
Spending Limit	8.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Wanted to see the behavior with a low price.

Parameter	Value
Token Freeze	6 Weeks
Token Thaw	4 Weeks
Opening Price	2.5 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	100.00%	0.00 wxDAI
6 months	100.00%	0.00 wxDAI
9 months	100.00%	0.00 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Parameter	Value
Commons Tribute	25.00%
Entry Tribute	15.00%
Exit Tribute	20.00%
*Reserve Ratio	19.34%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	315305.89
Reserve (Before Initial Buy)	945917.68
Common Pool (After Initial Buy)	352805.89
Reserve (After Initial Buy)	1158417.68

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	945917.68	1956421.69	2.5	250000.00 wxDAI	37500.0	78200.32 TEC	2.94	8.00%
1	1158417.68	2034622.0	2.94	5000.00 wxDAI	750.0	1441.51 TEC	2.95	0.15%
2	1162667.68	2036063.51	2.95	100000.00 wxDAI	15000.0	27974.37 TEC	3.13	2.82%
3	1247667.68	2064037.88	3.13	3000.00 TEC	1402.25	7946.10 wxDAI	3.11	0.30%
4	1238319.32	2061037.88	3.11	400.00 TEC	186.33	1055.84 wxDAI	3.1	0.04%
5	1237077.15	2060637.88	3.1	1000.00 TEC	465.15	2635.87 wxDAI	3.1	0.10%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	811,624	0.06	51,717.66
50,000	1,107,949	0.23	258,545.39
100,000	1,266,883	0.41	517,079.82
200,000	1,448,619	0.71	1,034,148.83
300,000	1,566,785	0.99	1,551,219.47
400,000	1,656,426	1.25	2,068,287.89
500,000	1,729,475	1.49	2,585,359.55
600,000	1,791,545	1.73	3,102,427.66
700,000	1,845,759	1.96	3,619,498.46
800,000	1,894,045	2.18	4,136,564.03
900,000	1,937,685	2.40	4,653,633.70
1,000,000	1,977,573	2.61	5,170,705.44
1,250,000	2,064,784	3.13	6,463,379.11
1,500,000	2,138,888	3.63	7,756,056.77
1,750,000	2,203,613	4.11	9,048,728.88
2,000,000	2,261,262	4.57	10,341,399.83
2,500,000	2,360,984	5.48	12,926,754.56
3,000,000	2,445,718	6.34	15,512,088.87
3,500,000	2,519,729	7.18	18,097,444.29
4,000,000	2,585,647	8.00	20,682,784.65
5,000,000	2,699,675	9.58	25,853,491.08
7,500,000	2,919,894	13.28	38,780,241.79
10,000,000	3,086,952	16.75	51,706,980.43
15,000,000	3,338,762	23.23	77,560,420.22
20,000,000	3,529,785	29.30	103,413,937.69
50,000,000	4,214,139	61.35	258,534,761.00
100,000,000	4,818,672	107.31	517,069,710.39

Module 3: Tao Voting

Strategy:

Debates need to happen so the totals can be met.

Parameter	Value
Support Required	75%
Minimum Quorum	45%
Vote Duration	15 day(s)
Delegated Voting Period	5 day(s)
Quiet Ending Period	5 day(s)
Quiet Ending Extension	5 day(s)
Execution Delay	10 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	15 days	20 days	25 days
Time to Review a Delegates Vote	10 days	15 days	20 days
Time to Execute a Passing Proposal	25 days	30 days	35 days

Module 4: Conviction Voting

Strategy:

Parameter	Value
Conviction Growth	45 day(s)
Minimum Conviction	2.0%
Spending Limit	8.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	39183
2	5,000	100,000	1,500,000	213333
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	31025
5	5,000	750,000	1,500,000	35702
6	25,000	750,000	1,500,000	88163

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 6 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 6 weeks. They can still be used to vote while frozen.
• Token Thaw: 4 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 4 weeks later.
• Opening Price: 2.5 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 2.5 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 25.00%, which means that 25.00% of the Hatch funds (315305.89 wxDAI) will go to the Common Pool and 75.00% (945917.68 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 15.00% meaning that from every BUY order on the ABC, 15.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 20.00% meaning that from every SELL order on the ABC, 20.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 75%, which means 75% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 45%, meaning that 45% of all tokens need to have voted on a proposal in order for it to become valid.
• Vote Duration: 15 day(s), meaning that eligible voters will have 15 day(s) to vote on a proposal.
• Delegated Voting Period is set for 5 day(s), meaning that Delegates will have 5 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 5 day(s), this means that 5 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 5 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 5 day(s) will be added for voting.
• Execution Delay: 10 day(s), meaning that there is an 10 day delay after the vote is passed before the proposed action is executed.

Conviction Voting

• Conviction Growth: 45 day(s), meaning that voting power will increase by 50% every 45 days that they are staked behind a proposal, so after 30 days, a voters voting power will have reached 75% of it's maximum capacity.
• Minimum Conviction: 2.0%, this means that to pass any funding request it will take at least 2.0% of the actively voting TEC tokens.
• The Spending Limit: 8.0%, which means that no more than 8.0% of the total funds in the Common Pool can be funded by a single proposal.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

First Attempt

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	10 Weeks
Opening Price	1 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	20.00%
Entry Tribute	3.00%
Exit Tribute	25.00%
*Reserve Ratio	51.57%

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

Module 3: Tao Voting

Parameter	Value
Support Required	60%
Minimum Quorum	15%
Vote Duration	5 day(s)
Delegated Voting Period	5 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	5 day(s)
Minimum Conviction	0.5%
Spending Limit	20.0%

Module 1: Token Freeze and Token Thaw

Strategy:

Testing out various scenarios

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	10 Weeks
Opening Price	1 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.00 wxDAI
6 months	0.00%	1.00 wxDAI
9 months	100.00%	0.00 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

random test

Parameter	Value
Commons Tribute	20.00%
Entry Tribute	3.00%
Exit Tribute	25.00%
*Reserve Ratio	51.57%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	252244.71
Reserve (Before Initial Buy)	1008978.86
Common Pool (After Initial Buy)	259744.71
Reserve (After Initial Buy)	1251478.86

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	1008978.86	1956421.69	1.0	250000.00 wxDAI	7500.0	229850.80 TEC	1.11	5.22%
1	1251478.86	2186272.49	1.11	5000.00 wxDAI	150.0	4365.51 TEC	1.11	0.09%
2	1256328.86	2190638.0	1.11	100000.00 wxDAI	3000.0	85657.25 TEC	1.15	1.80%
3	1353328.86	2276295.25	1.15	3000.00 TEC	103.69	3352.58 wxDAI	1.15	0.06%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	181,141	0.11	19,391.01
50,000	415,419	0.23	96,951.46
100,000	593,929	0.33	193,902.03
200,000	849,148	0.46	387,803.14
300,000	1,046,642	0.56	581,704.32
400,000	1,214,038	0.64	775,605.54
500,000	1,362,107	0.71	969,506.65
600,000	1,496,398	0.78	1,163,407.75
700,000	1,620,218	0.84	1,357,308.91
800,000	1,735,727	0.89	1,551,210.12
900,000	1,844,430	0.95	1,745,111.23
1,000,000	1,947,424	1.00	1,939,012.29
1,250,000	2,184,940	1.11	2,423,765.37
1,500,000	2,400,355	1.21	2,908,518.19
1,750,000	2,598,972	1.31	3,393,271.05
2,000,000	2,784,259	1.39	3,878,023.92
2,500,000	3,123,839	1.55	4,847,529.80
3,000,000	3,431,821	1.70	5,817,035.46
3,500,000	3,715,787	1.83	6,786,541.12
4,000,000	3,980,694	1.95	7,756,047.05
5,000,000	4,466,197	2.17	9,695,058.47
7,500,000	5,504,943	2.64	14,542,587.46
10,000,000	6,385,385	3.04	19,390,116.59
15,000,000	7,870,495	3.70	29,085,174.02
20,000,000	9,129,274	4.25	38,780,232.14
50,000,000	14,644,163	6.62	96,950,579.34
100,000,000	20,936,966	9.26	193,901,158.84

Module 3: Tao Voting

Strategy:

trying various scenarios

Parameter	Value
Support Required	60%
Minimum Quorum	15%
Vote Duration	5 day(s)
Delegated Voting Period	5 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	2 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	5 days	7 days	9 days
Time to Review a Delegates Vote	0 days	2 days	4 days
Time to Execute a Passing Proposal	6 days	8 days	10 days

Module 4: Conviction Voting

Strategy:

just a shot

Parameter	Value
Conviction Growth	5 day(s)
Minimum Conviction	0.5%
Spending Limit	20.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	8310
2	5,000	100,000	1,500,000	13333
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	7601
5	5,000	750,000	1,500,000	8026
6	25,000	750,000	1,500,000	10800

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 26 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 26 weeks. They can still be used to vote while frozen.
• Token Thaw: 10 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 10 weeks later.
• Opening Price: 1 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 20.00%, which means that 20.00% of the Hatch funds (252244.71 wxDAI) will go to the Common Pool and 80.00% (1008978.86 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 3.00% meaning that from every BUY order on the ABC, 3.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 25.00% meaning that from every SELL order on the ABC, 25.00% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 60%, which means 60% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 15%, meaning that 15% of all tokens need to have voted on a proposal in order for it to become valid.
• Vote Duration: 5 day(s), meaning that eligible voters will have 5 day(s) to vote on a proposal.
• Delegated Voting Period is set for 5 day(s), meaning that Delegates will have 5 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 3 day(s), this means that 3 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 2 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 2 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.

Conviction Voting

• Conviction Growth: 5 day(s), meaning that voting power will increase by 50% every 5 days that they are staked behind a proposal, so after 10 days, a voters voting power will have reached 75% of it's maximum capacity.
• Minimum Conviction: 0.5%, this means that to pass any funding request it will take at least 0.5% 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.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

FORK THIS PROPOSAL (link)

What is the overall Commons Configuration strategy?

UPDATE: We noticed our initial price was non-conforming to the way - this could not be! We changed it to 1.47 (147 = 7 * 21) and rose the commons tribute to 63% (79). This leaves the price after the initial buy at 2.08 wxDai (1316!). The rest stays the same...

ORIGINAL:

The universe is vast and unpredictable. Our Commons is taking the bold first steps into a new world brimming with opportunity, but also riddled with risk.

Luckily, we have been given a powerful compass to guide us through uncertainty.

Good and bad. Ying and yang. Luck and misfortune. The wisdom encoded within the numbers 7 and 13 captures the duality of destiny in a way the puny 8 never could. We have followed their lead while designing our commons, and they have made us witness to the pinnacle of paramater design.

FORK THIS PROPOSAL (link)

Summary

Module 1: Token Freeze & Token Thaw

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	77 Weeks
Opening Price	1.47 wxDAI

Module 2: Augmented Bonding Curve

Parameter	Value
Commons Tribute	63.00%
Entry Tribute	3.50%
Exit Tribute	3.50%
*Reserve Ratio	16.23%

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

Module 3: Tao Voting

Parameter	Value
Support Required	91%
Minimum Quorum	7%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Module 4: Conviction Voting

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	4.0%
Spending Limit	20.0%

Module 1: Token Freeze and Token Thaw

Strategy:

This carefully chosen paramters set the best possible stage for the first steps of our DAO:
213 weeks where tokens are frozen to protect against bad luck, then 117 weeks thaw to guarantee smooth sailing. Also, since 2+11 is 13 cosmic balance is preserved throughout.
(For the non-believers, this would "just" amount to a 6 month freeze and a 1.5 year thaw)

Parameter	Value
Token Freeze	26 Weeks
Token Thaw	77 Weeks
Opening Price	1.47 wxDAI

Hatcher's TEC Release Schedule

This is the release schedule for TEC that was given to Hatchers. Their TEC will start out frozen and then slowly become liquid according to the graph above.

Token Release Timeline

Duration	% of Tokens Released	Price Floor of Token
3 months	0.00%	1.47 wxDAI
6 months	0.00%	1.47 wxDAI
9 months	16.88%	1.22 wxDAI
1 year	33.77%	0.97 wxDAI
1.5 years	67.53%	0.48 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

Module 2: Augmented Bonding Curve (ABC)

Strategy:

Anything involving smart contracts should only ever be exposed to good fortune, so here we bet on 777 :
7*7 for commons tribute, and the last 7 as the total tribute paid by somebody who completes the cycle of entering and exiting the TEC.

Parameter	Value
Commons Tribute	63.00%
Entry Tribute	3.50%
Exit Tribute	3.50%
*Reserve Ratio	16.23%

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

Allocation of Funds	wxDAI
Common Pool (Before Initial Buy)	794570.85
Reserve (Before Initial Buy)	466652.72
Common Pool (After Initial Buy)	803320.85
Reserve (After Initial Buy)	707902.72

TEC Price vs ABC Reserve Holdings

The ABC mints and burns TEC tokens, the price of the TEC token is dependent on the funds that is held in the Reserve. This graph shows how the ABC's Price for TEC tokens changes with the ABC's Reserve Balance. The Initial Buy that will happen at launch is highlighted.

Example Transaction Data

Tx	Reserve	Total Supply	Price	Amount In	Tribute	Amount Out	New Price	Slippage
0	466652.72	1956421.69	1.47	250000.00 wxDAI	8750.0	136863.59 TEC	2.08	16.61%
1	707902.72	2093285.27	2.08	5000.00 wxDAI	175.0	2308.50 TEC	2.1	0.28%
2	712727.72	2095593.77	2.1	100000.00 wxDAI	3500.0	43625.59 TEC	2.33	5.24%
3	809227.72	2139219.36	2.33	3000.00 TEC	243.9	6724.78 wxDAI	2.31	0.36%
4	802259.04	2136219.36	2.31	2000.00 TEC	161.62	4456.18 wxDAI	2.3	0.24%

ABC Overview

Reserve (wxDai)	Supply (TEC)	Price (wxDai/TEC)	Market cap
10,000	1,048,741	0.06	61,645.00
50,000	1,361,661	0.23	308,161.20
100,000	1,523,746	0.40	616,306.17
200,000	1,705,128	0.72	1,232,596.46
300,000	1,821,082	1.02	1,848,887.10
400,000	1,908,104	1.29	2,465,179.17
500,000	1,978,458	1.56	3,081,469.21
600,000	2,037,862	1.81	3,697,763.38
700,000	2,089,477	2.06	4,314,052.82
800,000	2,135,243	2.31	4,930,340.87
900,000	2,176,443	2.55	5,546,631.72
1,000,000	2,213,971	2.78	6,162,919.06
1,250,000	2,295,602	3.36	7,703,649.53
1,500,000	2,364,529	3.91	9,244,381.59
1,750,000	2,424,418	4.45	10,785,104.54
2,000,000	2,477,521	4.98	12,325,831.39
2,500,000	2,568,869	6.00	15,407,277.55
3,000,000	2,646,001	6.99	18,488,740.86
3,500,000	2,713,019	7.95	21,570,202.80
4,000,000	2,772,443	8.89	24,651,655.78
5,000,000	2,874,666	10.72	30,814,554.60
7,500,000	3,070,154	15.06	46,221,832.23
10,000,000	3,216,864	19.16	61,629,076.00
15,000,000	3,435,623	26.91	92,443,702.83
20,000,000	3,599,799	34.24	123,258,249.09
50,000,000	4,176,844	73.77	308,145,464.46
100,000,000	4,674,054	131.85	616,291,224.20

Module 3: Tao Voting

Strategy:

Without a doubt, a 7*13 % required support is the perfect metaphor to capture the viscitudes of on-chain governance.
The voting process shall involve 7 days, to adequately ponder weighty decisions.

Parameter	Value
Support Required	91%
Minimum Quorum	7%
Vote Duration	7 day(s)
Delegated Voting Period	4 day(s)
Quiet Ending Period	3 day(s)
Quiet Ending Extension	3 day(s)
Execution Delay	1 day(s)

Tao Voting Timeline From Proposal To Execution

This shows how the timeline stacks up for yes/no time based votes that can change the configuration after launch.

Timeline Data

# of Quiet Ending Extensions	No Extensions	With 1 Extension	With 2 Extensions
Time to Vote on Proposals	7 days	10 days	13 days
Time to Review a Delegates Vote	3 days	6 days	9 days
Time to Execute a Passing Proposal	8 days	11 days	14 days

Module 4: Conviction Voting

Strategy:

Again, the numbers give us the perfect answer: A spending limit of 7 + 13 % , which will allow to capture opportunity while fending off bankrupcy.

Parameter	Value
Conviction Growth	3 day(s)
Minimum Conviction	4.0%
Spending Limit	20.0%

Minimum Percent of Voting Tokens Needed to Pass Funding Requests

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.

Example Funding Request Data

Proposal	Requested Amount (wxDAI)	Common Pool (wxDAI)	Effective supply (TEC)	Tokens Needed To Pass (TEC)
1	1,000	100,000	1,500,000	66481
2	5,000	100,000	1,500,000	106666
3	25,000	100,000	1,500,000	Not possible
4	1,000	750,000	1,500,000	60808
5	5,000	750,000	1,500,000	64209
6	25,000	750,000	1,500,000	86400

FORK THIS PROPOSAL (link)

Parameter Definitions

Token Freeze and Token Thaw

• Token Freeze: 26 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 26 weeks. They can still be used to vote while frozen.
• Token Thaw: 77 weeks, meaning the Hatchers frozen tokens will start to become transferable at a steady rate starting at the end of Token Freeze and ending 77 weeks later.
• Opening Price: 1.47 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 1.47 wxDAI making it the price floor during the Token Freeze.

Augmented Bonding Curve (ABC)

• Commons Tribute: 63.00%, which means that 63.00% of the Hatch funds (794570.85 wxDAI) will go to the Common Pool and 37.00% (466652.72 wxDAI) will go to the ABC's Reserve.
• Entry Tribute: 3.50% meaning that from every BUY order on the ABC, 3.50% of the order value in wxDAI is subtracted and sent to the Common Pool.
• Exit Tribute: 3.50% meaning that from every SELL order on the ABC, 3.50% of the order value in wxDAI is subtracted and sent to the Common Pool.

Tao Voting

• Support Required: 91%, which means 91% of all votes must be in favor of a proposal for it to pass.
• Minimum Quorum: 7%, meaning that 7% 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 4 day(s), meaning that Delegates will have 4 day(s) to use their delegated voting power to vote on a proposal.
• Quiet Ending Period: 3 day(s), this means that 3 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
• Quiet Ending Extension: 3 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 3 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.

Conviction Voting

• Conviction Growth: 3 day(s), meaning that voting power will increase by 50% every 3 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: 4.0%, this means that to pass any funding request it will take at least 4.0% 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.

Advanced Settings*

Parameter	Value
HNY Liquidity	100 wxDAI
Garden Liquidity	1 TEC
Virtual Supply	1 TEC
Virtual Balance	1 wxDAI
Transferable	True
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	60000 wxDAI
Initial Buy	250000 wxDAI

*Learn more about Advanced Settings on the TEC forum

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