1. ✨ What is the TEC?

The Token Engineering Commons (TEC) is an open source and collectively governed project that aims to create a token economy that will accelerate the responsible & ethical creation of public goods within the TE community.

To·ken En·gi·neer·ing /ˈtōkən/ /enjəˈniriNG/

  1. An emerging engineering discipline focused on holistic systems design and the theory, practice and tools used to design and verify tokenized ecosystems i.e. cyptoeconomic systems and their simulation using tools like cadCAD.

  2. A discipline of responsibility; adhering to the highest principles of ethical conduct (from ethical engineering)

  3. A community pushing forward the field of token engineering in theory and practice. (See more Modeling Crypto Protocols as Complex Systems, TE Process)

Com·mons/ˈkämənz/

  1. Resources that groups of people (communities, organizations) create and manage for individual and collective benefit. These resources are held collectively, not owned privately (see Fractal Ownership, Wiki and Automating Ostrom)

Values

The TEC operates from a prosocial human centered perspective.

We hold ourselves to high standards of safety, resilience, and integrity.

We encourage our members to be radically open source, non-hierarchical, creative, transparent in their intentions and accountable for their actions.

We are value driven, (not profit driven) and will strive to support token engineering projects that appreciate the value of public goods and ethical, inclusive economic systems.

See also, the TEC Code of Conduct

Near Term Mission

Our primary goal in the near term is to get the Token Engineering Commons (TEC) launched, and operating, with a resilient culture. Once launched, the TEC (smart contracts and culture built around it) will align incentives around advancing the token engineering discipline.

There are a many requirements to fulfill, these are just some of the most important:

  • The TEC will be launched by a Trusted Seed, a critical mass of token engineering, decentralized governance, and commons management “experts.”
  • The TEC will consist of an Augmented Bonding Curve (or similar bonding curve) feeding into a community pool of funds that can be disbursed using Conviction Funding.
  • The Token Engineering Commons will be able to be upgradable so that it can improve upon its initial design.

The cultural and technical build are currently happening to ensure a successful launch of the TEC and are the focus until they are completed and the TEC is allocating funding to support TE Public Goods.

Long Term Mission

The TE Commons mission is to gather and steward the efficient distribution of funds to projects in the emerging field of token engineering to encourage the robust and ethical design of tokenized infrastructures. The TE Commons will curate and connect projects to the resources they need, while also evolving and maintaining our own healthy culture & regenerative infrastructure where capital supports contributions, contributions create value, value empowers token engineers, and people who appreciate token engineers being empowered contribute capital of all sorts.

Read this post for an overview.

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