What is the overall Commons Configuration strategy?
I wanted to try something a little different. Make the opening price as high as I see reasonably possible, and preserve a reserve ratio of about 22%. Higher cumulative entry & exit tributes to fill up the Common Pool with more funds from speculation. Low token freeze so that Hatchers can take advantage of some profit & still fill up our Commons Pool. Also, this is a great meme and a great song to play during params presentations. https://www.youtube.com/watch?v=AgFeZr5ptV8
This is the theoretical Price Floor for TEC. It would only be reached if all tokens that were liquid were burned and no liquid tokens existed, which is very unlikely to occur.
Duration
% of Tokens Released
Price Floor of Token
3 months
0.00%
2.22 wxDAI
6 months
7.69%
2.05 wxDAI
9 months
32.69%
1.49 wxDAI
1 year
57.69%
0.94 wxDAI
1.5 years
100.00%
0.00 wxDAI
2 years
100.00%
0.00 wxDAI
3 years
100.00%
0.00 wxDAI
4 years
100.00%
0.00 wxDAI
5 years
100.00%
0.00 wxDAI
Token Freeze: 22 weeks, meaning that 100% of TEC tokens minted for Hatchers will remain locked from being sold or transferred for 22 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: 2.22 wxDAI, meaning for the initial buy, the first TEC minted by the Augmented Bonding Curve will be priced at 2.22 wxDAI making it the price floor during the Token Freeze.
Strategy:
This is the highest opening price that I felt I could justify. Just little less than 6 months of initial total frozen vesting to take care of the Hatchers! They can sell a little' make a little profit, but with a RR of 22, there's still not too much TEC volatility.
Module 2: Augmented Bonding Curve (ABC)
Data:
This shows how the TEC Price changes with the ABC's Reserve Balance, highlighting the Initial Buy that will happen at launch.
Step #
Current Price
Amount In
Tribute Collected
Amount Out
New Price
Price Slippage
Step 1
2.55
5000.00 wxDAI
1100.0
1525.49 TEC
2.56
0.13%
Step 2
2.56
100000.00 wxDAI
22000.0
29722.57 TEC
2.69
2.46%
Step 3
2.69
3000.00 TEC
1770.66
6277.79 wxDAI
2.68
0.25%
NOTE:
We're very bullish on TEC so we provide the BUY scenario at launch to compare proposals... to explore this proposal's ABC further Click the link below to see their parameters in your dashboard, be warned this will clear any data you have in your dashboard:
Commons Tribute: 22.00%, which means that 22.00% of the Hatch funds (277469.19 wxDAI) will go to the Common Pool and 78.00% (983754.38 wxDAI) will go to the ABC's Reserve.
Entry Tribute: 22.00% meaning that from every BUY order on the ABC, 22.00% of the order value in wxDAI is subtracted and sent to the Common Pool.
Exit Tribute: 2.20% meaning that from every SELL order on the ABC, 2.20% of the order value in wxDAI is subtracted and sent to the Common Pool.
Strategy:
22% Commons Tribute - yes, relatively low, but we're compensating with high cumulative entry & exit tribute.
Here's the plan: start out with entry high and exit low... so speculators taking advantage of the price floor are filling the common pool. ALSO with the initial buy, we boost the common pool with an extra 50k right off the bat.
THEN, nearing the end of the token freeze, we vote to swap the entry and exit tributes... so have the exit tribute 22% and the entry at 2.2%... so Hatchers can benefit from profitting off the higher token price and low volatility but are a prohibitted slightly from quitting a large amount... and feel good about paying the little extra to the support the TEC Common pool.
Module 3: Tao Voting
Data:
This shows how the timeline stacks up for decision votes that can change the configuration after launch.
# of Quiet Ending Extensions
No Extensions
With 1 Extension
With 2 Extensions
Time to Vote on Proposals
7 days
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
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: 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: 1 days(s), meaning that there is an 1 day delay after the vote is passed before the proposed action is executed.
Strategy:
Quiet ending is 2 + 2 (+2) (+2). On meme & also these are the best TV params.
Module 4: Conviction Voting
Data:
This shows how the minimum percent of tokens needed to pass proposals after 2 weeks varies with the percent of the Common Pool funds being requested.
Proposal
Requested Amount (wxDAI)
Common Pool (wxDAI)
Effective supply (TEC)
Tokens Needed To Pass (TEC)
1
1,000
100,000
1,500,000
3621
2
5,000
100,000
1,500,000
5526
3
25,000
100,000
1,500,000
Not possible
4
1,000
750,000
1,500,000
3340
5
5,000
750,000
1,500,000
3509
6
25,000
750,000
1,500,000
4583
Conviction Growth: 222 day(s), meaning that voting power will increase by 50% every 222 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: 0.22%, this means that to pass any funding request it will take at least 0.22% of the actively voting TEC tokens.
The Spending Limit: 22.0%, which means that no more than 22.0% of the total funds in the Common Pool can be funded by a single proposal.
Strategy:
I went with an Orogeny-themed, low min convicition, high conviction growth. On meme, yet still very reasonable. In the early days, Hatchers can't do anything with their tokens but vote! Our max token holder has something like 200k tokens, so this person alone could pass even some of the larger proposals within 7 days.
This will be empty or non-existent if the user did not change any advanced settings from their default. Any settings changed from default will show up here
laurenluz
commented
3 years ago 
What is the overall Commons Configuration strategy?
I wanted to try something a little different. Make the opening price as high as I see reasonably possible, and preserve a reserve ratio of about 22%. Higher cumulative entry & exit tributes to fill up the Common Pool with more funds from speculation. Low token freeze so that Hatchers can take advantage of some profit & still fill up our Commons Pool. Also, this is a great meme and a great song to play during params presentations. https://www.youtube.com/watch?v=AgFeZr5ptV8
Advanced Settings Modified? Yes
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
Data:
Strategy:
This is the highest opening price that I felt I could justify. Just little less than 6 months of initial total frozen vesting to take care of the Hatchers! They can sell a little' make a little profit, but with a RR of 22, there's still not too much TEC volatility.
Module 2: Augmented Bonding Curve (ABC)
Data:
NOTE:
We're very bullish on TEC so we provide the BUY scenario at launch to compare proposals... to explore this proposal's ABC further Click the link below to see their parameters in your dashboard, be warned this will clear any data you have in your dashboard:
FORK THIS PROPOSAL (link)
ABC Configuration Table
Strategy:
22% Commons Tribute - yes, relatively low, but we're compensating with high cumulative entry & exit tribute.
Here's the plan: start out with entry high and exit low... so speculators taking advantage of the price floor are filling the common pool. ALSO with the initial buy, we boost the common pool with an extra 50k right off the bat.
THEN, nearing the end of the token freeze, we vote to swap the entry and exit tributes... so have the exit tribute 22% and the entry at 2.2%... so Hatchers can benefit from profitting off the higher token price and low volatility but are a prohibitted slightly from quitting a large amount... and feel good about paying the little extra to the support the TEC Common pool.
Module 3: Tao Voting
Data:
Strategy:
Quiet ending is 2 + 2 (+2) (+2). On meme & also these are the best TV params.
Module 4: Conviction Voting
Data:
Strategy:
I went with an Orogeny-themed, low min convicition, high conviction growth. On meme, yet still very reasonable. In the early days, Hatchers can't do anything with their tokens but vote! Our max token holder has something like 200k tokens, so this person alone could pass even some of the larger proposals within 7 days.
FORK THIS PROPOSAL (link)
*Advanced Settings
*Learn more about Advanced Settings on the TEC forum
FORK THIS PROPOSAL (link)