We’ve Hatched!
Latest News from the Token Engineering Commons: July 3–16
Greetings! We have the announcement everyone’s waiting for: the Hatch is open! You have four weeks to participate in the Hatch and be part of our efforts to work together to advance token engineering, ethically and collectively. Please join us in a celebration of the official launch of the Token Engineering Commons! Read below for how to contribute and to catch up on all our latest news.
- 🐣 The Hatch 🎉
- 🧞 Shermin Voshmgir’s Featured Guest Article 🙏
- 🎤 Presentation by Lívia & Tamara at TheDAOist Paris Conference 🎭
- ✈️ TEC at EthCC Paris 🗺️
- 🖇️ TEC Unconference 💐
- 🧐 Impact Hour Analysis Explanation 🔑
- ✔️ Impact Hour Final Results 📊
🐣 The Hatch 🎉
The TEC Hatch is now officially open! We went live on our Community call on Wednesday! We’ve created a handy checklist to make sure you know and have got everything you need in order to participate in the Hatch.
- Web3 wallet
- Trusted Seed
- Networks & Tokens
- Review the Hatch process
- Review Hatch DAO parameters
- Join the Hatch
You can find this checklist and a lot more details in our Hatcher Guidebook.
We know you’ve been waiting for this moment for a long time, so join now!! And don’t forget to convert your contribution to wxDAI to participate. We have the explainer by Mitch as well as by Nate in the Handbook.
There is a #🐣｜tec-hatch channel on our Discord ready to field any questions you might have. Welcome to the TEC DAO!
🧞 Shermin Voshmgir’s Featured Guest Article 🙏
Shermin Voshmgir is the author of Token Economy (2019) and founder of Token Kitchen and BlockchainHub Berlin. She is the former director of the Research Institute for Cryptoeconomics at the Vienna University of Economics (which she also co-founded), curator of TheDAO and advisor to Jolocom, Wunder and the Estonian E-Residency program. Her education is in Systems Management at the Vienna University of Economics and film-making in Madrid. An Iranian-Austrian, she works on the intersection of technology, art and social science.
Last week she wrote the article “Token Engineering Commons: Analysis of Stakeholders, Tokens & Governance Processes”, wherein she discusses the goals, tools and processes of the TEC to “collectively design the many governance parameters” of the TEC DAO. The article is designed as follows:
- Governance Mechanism of the TEC DAO
- Augmented Bonding Curves
- Conviction Voting & Disputable Voting). - TEC DAO Creation Process
- TEC Stakeholders
- TEC Tokens
- Next Steps
With the Hatch open and the TEC DAO launched, we encourage you to read this insightful and useful study of the structure of the TEC by a foremost expert in the field. Also visit her website for more on her research and events.
🎤 Presentation by Lívia & Tamara at TheDAOist Conference in Paris 🎭
Immediately following EthCC Paris, TheDAOist is holding a one-day conference (2–10PM CET): “Tales from the Frontlines of Decentralized Governance” at Ground Control in Paris. We are excited to share that Lívia and Tamara from the TEC and Commons Stack are giving a talk “The Importance of Cultural Practices When Building Self-Governing Communities” at 6:40PM. If you’re in Paris, please join! Check out TheDAOist conference full schedule.
✈️TEC at EthCC Paris 🗺️
EthCC starts in one day, and the TEC will be there! We hope you will too. Drop a note in the Discord Community Hall to let us know you’re coming. We’ve got swag to share and events lined up, so be sure to check the calendar. Stay tuned, and see you in Paris!
🖇️ TEC Unconference 💐
Following EthCC Paris and theDAOist one-day event in Paris, the TEC will be holding an “unconference” on Saturday, July 24th. Details are forthcoming, so stay in the loop!
✔️ Impact Hour Final Results 📊
As you know by now, TEC contributors (including yourself!) have received Praise from others in the community through Telegram and Discord. Every two weeks since the inception of the TEC and until the Hatch, this Praise was quantified as Impact Hours, which have now been converted into TECH tokens when the Hatch opened a few days ago. The exact value of Impact Hours will depend on how much is collected in the Hatch.
Meanwhile, the distribution of Impact Hours to contributors was finally settled after the completion of the extensive Impact Hour intervention analysis and vote that have been underway in the last two months. The TEC worked very hard on the data to produce the most accurate results they could, ultimately integrating the two winning proposals from the vote:
🔥 PRAISEMAGEDDON 🔥
Every contribution to the TEC counts, and every Praise was given its allotted weight in Impact Hours, which in turn were distributed according to the vote. The Token Engineering Commons is incredibly grateful for its 460+ active contributors who have earned Praise so far. 🙏 The math behind calculations can be found in this spreadsheet.
Congratulations on the hard work, everyone, and thank you for your contributions to the Token Engineering Commons! 💗
We can now share with you the Impact Hour final results!
There are four lists:
1. Praise Quantification Round #22 (July 3 — July 11): IH distribution in the ⪅2 weeks before IH Intervention applied (included a TE Praise party)
2. Final IH distribution based on 100% Praisemageddon after IH Intervention
3. Final IH distribution without any intervention (as proposed by “No Abnormal Intervention”)
4. Final, actual IH distribution based on IH Intervention voting results: proposal “No Abnormal Intervention” applied to 52% of IH; proposal “Praisemageddon” applied to 48% of IH. Each contributor’s final score was created by multiplying their score from Praisemaggedon by 0.48 and adding it to 0.52 multiplied by the final distribution with no intervention as applied by “No Abnormal Intervention”.
- Praise Quantification Round #22 (July 3 — July 11): IH Distribution in the ⪅2 weeks before IH Intervention applied (included a TE Praise party)
2. Final IH Distribution based on 100% Praisemageddon after IH Intervention (2 images)
3. Final IH Distribution without any intervention (as partially proposed by “No Abnormal Intervention” (two images)
4. Final IH Distribution based on IH Intervention voting results: proposal “No Abnormal Intervention” applied to 52% of IH; proposal “Praisemageddon” applied to 48% of IH. Each contributor’s final score was created by multiplying their score from Praisemaggedon by 0.48 and adding it to 0.52 multiplied by the final distribution with no intervention as applied by “No Abnormal Intervention” (two images). Note: these are the actual adopted parameters for the Impact Hour distribution based on the vote.
🧐 Impact Hour Analysis Explanation 🔑
For an in-depth explanation of the Impact Hour Analysis, check out Livia’s post on the long-living forum thread Pre-Hatch Impact Hours Distribution Analysis.
Until next time: contribute to the Hatch (don’t forget your wxDAI!), check out Shermin’s article on the TEC and get in touch if you’re in Paris! We’ve got EthCC followed by Lívia and Tamara at TheDAOist followed by the TEC Unconference. Keep dishing the Praise, and join us on Discord! The TEC calendar gives all times and channels.
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This article was written by Suga with support from the TEC community.
