The high opening price is to value ourselves for what we do here. Having an opening price of what we are backed with money is like saying this is our best asset when it is not our biggest resource, it's ourselves the collective intelligence and this must be shown in the M. Cap. With a low cap we run the risk of being seen as a low value economy or attracting people to pump our economy just to dump it and make profits. The long Freeze and thaw, it's to show to the people outside that we are committed for the long run
Parameter
Value
Token Freeze
52 Weeks
Token Thaw
52 Weeks
Opening Price
9.69 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%
9.69 wxDAI
6 months
0.00%
9.69 wxDAI
9 months
0.00%
9.69 wxDAI
1 year
0.00%
9.69 wxDAI
1.5 years
50.00%
4.84 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:
With the high opening price the deal here Hatchers donate 250k (before launch) to TEC DAO vs DAO buying on BC. Donation is optional. This solves the launch snag and aligns hatchers into value creation. Give away 15% to grow your value by 500%. Medium entry and exit tribute to generate revenue on minting and burning tokens. And we will also have 880k in the common pool to fund THE public good and operations.
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
390979.31
1956421.69
9.69
250000.00 wxDAI
9225.0
19457.30 TEC
15.5
21.69%
1
631754.31
1975878.98
15.5
5000.00 wxDAI
184.5
309.46 TEC
15.62
0.37%
2
636569.81
1976188.44
15.62
100000.00 wxDAI
3690.0
5750.42 TEC
17.93
6.74%
3
732879.81
1981938.87
17.93
3000.00 TEC
1915.14
49985.57 wxDAI
16.69
3.51%
ABC Overview
Reserve (wxDai)
Supply (TEC)
Price (wxDai/TEC)
Market cap
10,000
1,814,042
0.27
486,021.75
50,000
1,875,188
1.29
2,425,268.93
100,000
1,902,180
2.55
4,849,577.77
200,000
1,929,565
5.03
9,698,585.17
300,000
1,945,765
7.48
14,546,976.83
400,000
1,957,342
9.91
19,394,892.16
500,000
1,966,369
12.33
24,242,956.48
600,000
1,973,780
14.74
29,093,588.58
700,000
1,980,060
17.14
33,938,912.86
800,000
1,985,521
19.53
38,786,982.59
900,000
1,990,349
21.92
43,635,105.26
1,000,000
1,994,682
24.31
48,487,005.82
1,250,000
2,003,880
30.24
60,605,495.08
1,500,000
2,011,431
36.16
72,728,855.31
1,750,000
2,017,837
42.05
84,853,799.57
2,000,000
2,023,401
47.93
96,972,481.01
2,500,000
2,032,733
59.63
121,213,479.73
3,000,000
2,040,393
71.29
145,462,333.88
3,500,000
2,046,888
82.91
169,698,718.07
4,000,000
2,052,533
94.49
193,943,266.20
5,000,000
2,061,998
117.56
242,413,714.61
7,500,000
2,079,313
174.88
363,623,847.34
10,000,000
2,091,688
231.80
484,846,607.76
15,000,000
2,109,255
344.82
727,308,591.00
20,000,000
2,121,806
457.03
969,721,263.41
50,000,000
2,162,280
1,121.10
2,424,137,353.69
100,000,000
2,193,414
2,210.44
4,848,398,689.70
Module 3: Tao Voting
Strategy:
TAO voting pretty standar majority on support requirement reduce it a bit compared to hatch params since the economy will be open also increase the quorum since we are able to apply delegated voting
Parameter
Value
Support Required
74.69%
Minimum Quorum
12.69%
Vote Duration
6.9 day(s)
Delegated Voting Period
3.69 day(s)
Quiet Ending Period
0.69 day(s)
Quiet Ending Extension
1.69 day(s)
Execution Delay
0.69 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
6.9 days
8.59 days
10.280000000000001 days
Time to Review a Delegates Vote
3.2100000000000004 days
4.9 days
6.59 days
Time to Execute a Passing Proposal
7.59 days
9.28 days
10.969999999999999 days
Module 4: Conviction Voting
Strategy:
Having low spending limit and strict CV overall help us on the mutual monitoring and check with the community the progress of the proposals at the same time keeping anyone asking money accountable on every step of the process
Parameter
Value
Conviction Growth
6.9 day(s)
Minimum Conviction
2.69%
Spending Limit
9.69%
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.
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: 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: 9.69 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 9.69 wxDAI making it the price floor during the Token Freeze.
Augmented Bonding Curve (ABC)
Commons Tribute: 69.00%, which means that 69.00% of the Hatch funds (870244.26 wxDAI) will go to the Common Pool and 31.00% (390979.31 wxDAI) will go to the ABC's Reserve.
Entry Tribute: 3.69% meaning that from every BUY order on the ABC, 3.69% of the order value in wxDAI is subtracted and sent to the Common Pool.
Exit Tribute: 4.20% meaning that from every SELL order on the ABC, 4.20% of the order value in wxDAI is subtracted and sent to the Common Pool.
Tao Voting
Support Required: 74.69%, which means 74.69% of all votes must be in favor of a proposal for it to pass.
Minimum Quorum: 12.69%, meaning that 12.69% of all tokens need to have voted on a proposal in order for it to become valid.
Vote Duration: 6.9 day(s), meaning that eligible voters will have 6.9 day(s) to vote on a proposal.
Delegated Voting Period is set for 3.69 day(s), meaning that Delegates will have 3.69 day(s) to use their delegated voting power to vote on a proposal.
Quiet Ending Period: 0.69 day(s), this means that 0.69 day(s) before the end of the Vote Duration, if the vote outcome changes, the Quiet Ending Extension will be triggered.
Quiet Ending Extension: 1.69 day(s), meaning that if the vote outcome changes during the Quiet Ending Period, an additional 1.69 day(s) will be added for voting.
Execution Delay: 0.69 day(s), meaning that there is an 0.69 day delay after the vote is passed before the proposed action is executed.
Conviction Voting
Conviction Growth: 6.9 day(s), meaning that voting power will increase by 50% every 6.9 days that they are staked behind a proposal, so after 13.8 days, a voters voting power will have reached 75% of it's maximum capacity.
Minimum Conviction: 2.69%, this means that to pass any funding request it will take at least 2.69% of the actively voting TEC tokens.
The Spending Limit: 9.69%, which means that no more than 9.69% of the total funds in the Common Pool can be funded by a single proposal.
Zeptimus
commented
2 years ago 
What is the overall Commons Configuration strategy?
Do not undervalue ourselves
FORK THIS PROPOSAL (link)
Summary
Module 1: Token Freeze & Token Thaw
Module 2: Augmented Bonding Curve
*This is an output. Learn more about the Reserve Ratio here.
Module 3: Tao Voting
Module 4: Conviction Voting
Module 1: Token Freeze and Token Thaw
Strategy:
The high opening price is to value ourselves for what we do here. Having an opening price of what we are backed with money is like saying this is our best asset when it is not our biggest resource, it's ourselves the collective intelligence and this must be shown in the M. Cap. With a low cap we run the risk of being seen as a low value economy or attracting people to pump our economy just to dump it and make profits. The long Freeze and thaw, it's to show to the people outside that we are committed for the long run
Hatcher's TEC Release Schedule
Token Release Timeline
Module 2: Augmented Bonding Curve (ABC)
Strategy:
With the high opening price the deal here Hatchers donate 250k (before launch) to TEC DAO vs DAO buying on BC. Donation is optional. This solves the launch snag and aligns hatchers into value creation. Give away 15% to grow your value by 500%. Medium entry and exit tribute to generate revenue on minting and burning tokens. And we will also have 880k in the common pool to fund THE public good and operations.
*This is an output. Learn more about the Reserve Ratio here.
TEC Price vs ABC Reserve Holdings
Example Transaction Data
ABC Overview
Module 3: Tao Voting
Strategy:
TAO voting pretty standar majority on support requirement reduce it a bit compared to hatch params since the economy will be open also increase the quorum since we are able to apply delegated voting
Tao Voting Timeline From Proposal To Execution
Timeline Data
Module 4: Conviction Voting
Strategy:
Having low spending limit and strict CV overall help us on the mutual monitoring and check with the community the progress of the proposals at the same time keeping anyone asking money accountable on every step of the process
Minimum Percent of Voting Tokens Needed to Pass Funding Requests
Example Funding Request Data
FORK THIS PROPOSAL (link)
Parameter Definitions
Token Freeze and Token Thaw
Augmented Bonding Curve (ABC)
Tao Voting
Conviction Voting
Advanced Settings*
*Learn more about Advanced Settings on the TEC forum
FORK THIS PROPOSAL (link)