The Token Engineering Commons Hatch: Our Economy, Our Choice

Traditionally, economies have been implemented through a top-down approach, where a central organization, whether a government or other controlling agency, devises a system that is subsequently imposed on the participants of that economy.

Cryptoeconomic systems allow new models of economy formation, such as creating DAOs that allow voluntary participation in an economy. These DAOs often begin with a small team that chooses the parameters of the economy on behalf of a much larger community, often without their input.

The Token Engineering Commons (TEC) is changing that.

Our Economy, Our Choice

We intend to be the first DAO that has ever had its economic design configured by the very community that intends to use it! We are using a bottom-up economic design process that involves allowing the entire community to propose and vote on the parameters of the economy.

Collaborative Economics Starts NOW!

The TEC is laying the groundwork for a bottom-up economy.

In Phase I, the TEC Community will choose the parameters for the TEC Hatch. What’s in a Hatch? The Hatch sets the initial conditions, both cultural and technical, of a resilient Commons ecosystem. It determines the initial token distribution, Hatch DAO governance criteria, and the reward for Impact Hours, which are earned for contributions to the cultural and technical builds. In Phase II, the TEC community will vote on and choose parameters for the Commons Upgrade, which includes an Augmented Bonding Curve and Disputable Conviction Voting.

We’re looking forward to your participation in this momentous and transformative event!

Join us as we make history.

This article was written by Suga with edits by Tamara Helenius, Chuy Garcia, Jeff Emmett & Griff Green.