I’m nominating Montaña Rusa: The Communist Roller-Coaster v2 for your consideration. I’d like to start with a meme that summarizes the intention behind this proposal:
The TE Commons:
This proposal was born as a fork of TEC Casino and The Bolshevik’s Gambit. The approach is simple: Let’s give the market what they want! BUT… Let’s empower the TEC with 1M wxDai for funding initial proposals!
A low (not so much!) reserve ratio will let us start with volatile conditions that will promote interactions with the bonding curve, generating income to the common pool with a starting entry tribute of 8% and an exit tribute of 2%.
Once the token freeze period ends after 4 months and secondary markets develop, the tributes should be re-adjusted to an even 5% each.
|Token Freeze||16 Weeks|
|Token Thaw||88 Weeks|
|Opening Price||0.95 wxDAI|
|Vote Duration||6.5 day(s)|
|Delegated Voting Period||3.5 day(s)|
|Quiet Ending Period||1 day(s)|
|Quiet Ending Extension||2.5 day(s)|
|Execution Delay||1 day(s)|
|Conviction Growth||14 day(s)|