CommonsConfig
Disputable Conviction Voting is the governance system in which Commons Members create proposals to request funds from the Common Pool. TEC tokens can be staked on these proposals to signal approval of the request. Staked tokens accrue voting power, or Conviction, continuously over time. The logarithmic function that decides the rate at which Conviction accumulates is Conviction Growth.
This is the real power behind the TEC token. TEC holders have a direct impact on funding Token Engineering by reviewing projects and voting on which initiatives get funded and how much funding they receive.
The Relative Spending Limit sets the maximum percentage of the Common Pool funds that can be requested by a single proposal. The Minimum Conviction dictates how many TEC tokens are needed to pass a proposal, no matter how small the amount requested.
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logarithmic slider that scales up or down the conviction rate(half-life)
the request is for the lowest possible amount of funding, asking for more will take more tokens, this is also affected by conviction growth50
Passes In: | 7 days | 14 days | 1 month | 3 months |
---|---|---|---|---|
Requires(%) of all tokens being used in CV: | 70% | 50% | 35% | 20% |
Variables | Scenario 1 | Scenario 2 | Scenario 3 |
---|---|---|---|
Example Requested Amount (wxDAI) | 50,000 | 100,000 | 2,000,000 |
Common Pool (wxDAI) | 1,000,000 | 5,000,000 | 10,000,000 |
Tokens voting on proposals (Effective Supply) | 100,000 | 150,000 | 500,000 |
Maximum Request Amount(wxDAI) | 200,000 | 1,000,000 | 1,750,000 |
Minimum Tokens needed to pass in 2 weeks | 12,000 | 15,000 | 300,000 |
Minimum Tokens need to pass in 7 days | 20,000 | 40,000 | 475,000 |
Opening Price 7 days Opening Price |
Spending Limit | Current TEC Price | Entry Tribute |
---|---|---|
20% | 2.15 wxDAI | 5% |
Variables | Scenario 1 | Scenario 2 | Scenario 3 |
---|---|---|---|
Example Requested Amount (wxDAI) | 50,000 | 100,000 | 1,500,000 |
Common Pool (wxDAI) | 1,000,000 | 5,000,000 | 10,000,000 |
Maximum Request Amount(wxDAI) | 200,000 | 1,000,000 | 1,750,000 |
Minimum Tokens need to pass | 20,000 | 40,000 | 475,000 |
wxDAI Needed to Buyout the Vote | 58,567 | 98,786 | 1,112,987 |
Tribute Collected from Buyout (wxDAI) | 2,799 | 6,127 | 59,623 |
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