tags: CommonsConfig

Price Floor and Token Thaw

Instead of the Hatcher's TEC tokens becoming available at once to sell or trade, they are locked for some time until a linear function is implemented to unlock tokens, rendering them liquid at a steady trickle. The Token Freeze is the duration from the initiliazation of the Commons which tokens remain fully locked, only at the end of the Token Freeze do tokens begin to thaw. This next period of time is known as the Token Thaw. We use this time for the Commons to establish value and start its initiatives. This mechanism is designed to guarantee, for a certain period, the minimum possible price of the token or, price floor.

During the Hatch, tokens were minted at a value of 1 wxDAI per TECH. At the Commons Upgrade TEC tokens will be given to Hatchers at a 1:1 TEC/TECH ratio. The Opening Price is the price we sell TEC tokens after the Commons Upgrade is complete.

Early buyers of TEC tokens will benefit from the price floor in that they will be assured its value will never drop below a certain threshold at a given time. As tokens begin to thaw the price floor descends, linearly, eventually reaching zero when 100% of the TEC tokens are rendered liquid. This would be the end of the Token Thaw period. Ideally, by this time the Commons should be well on its way, advancing token engineering, and the TEC token having firm value backing it.

The three important questions we have to ask are:

"At what price should we set the TEC token at launch of the Commons?"

Opening Price ________________

"How long should the TEC tokens be frozen to maintain the price floor at # TEC/wxDAI(Opening Price)?"

Token Freeze ________________

"How long should it take for 100% of the Hatcher's TEC to be released?"

The Open Price Will be a User Input from the ABC that we will need to import for visualizing the graph

Token Thaw ________________

Tables and Graphic Ideas

# of Weeks % of Tokens Released Price Floor of Token
5 weeks 0% 2 wxDAI
10 weeks 0% 2 wxDAI
20 weeks 40% 1.10 wxDAI
30 weeks 60% 0.80 wxDAI
40 weeks 80% 0.45 wxDAI
52 weeks 100% 0.00 wxDAI

User enters values for the questions above and this is reflected on the chart.
Ideally, user can move the lines on the chart as well, which is reflectd on the inut field values.

Is it possible to have two two vertical lines, the first line sliding on the x-axis, changing the token freeze. then slide the point where the price floor hits 0/end of token thaw to adjust that parameter

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