NOTICE: Discussion of the Sunsetting Proposal was originally initiated by @rex and the discussion for that proposal can be found here: Sunsetting the $TEC: Proposal & Treasury Distribution Framework
This proposal seeks a Yes/No vote from the TEC community on whether to formally begin the sunsetting process for the $TEC token. This decision would mark the first step in a structured and transparent wind-down process, consisting of three proposals, culminating in the responsible and equitable closure of TEC’s token infrastructure and remaining treasury.
A “Yes” vote does not determine fund distribution or operational execution, but simply affirms the community’s consensus that the $TEC token should be sunset.
Context & Motivation
Over the past 18 months, TEC has transitioned from a vibrant, early-stage coordination experiment to a quieter, lower-velocity commons. Despite several attempts to revitalize engagement and token utility, participation has slowed, governance activity has declined, and the value proposition for the $TEC token has become increasingly unclear.
Rather than continue in an indefinite holding pattern, we believe it is time to begin an intentional and honorable sunsetting process for the $TEC token and the Augmented Bonding Curve (ABC), allowing TEC to end this phase of its life with clarity and dignity.
This proposal builds on community dialogue, including recent sunset discussions, and is intended to center tokenholder input from the very beginning.
What This Proposal Does
This proposal asks the TEC tokenholders to vote Yes or No on the following question:
Should we initiate a structured sunsetting process for the $TEC token and begin the formal process of decommissioning TEC’s token infrastructure?
A “Yes” vote means:
-
We collectively recognize that the current model is no longer serving the TEC mission.
-
We authorize the drafting and voting of two subsequent proposals, which will manage the technical, operational, and financial components of the sunsetting process.
A “No” vote means:
- We do not wish to pursue the sunsetting process at this time, and the $TEC token and bonding curve remain active.
What Comes Next (Future Proposals)
If this proposal passes, the community will be invited to review and vote on the following two proposals, spaced approximately one week apart:
Proposal 2: Technical & Operational Sunsetting Plan
This proposal will outline the exact process for:
-
Decommissioning the Augmented Bonding Curve (ABC) and any smart contract infrastructure tied to $TEC.
-
Consolidating all available funds into the Common Pool, including funds from dormant or specialized multisigs (e.g., TECAN, LaserTag, GG).
-
Designating roles and compensating individuals for essential technical work (e.g., smart contract upgrades, multisig execution, accounting).
-
Establishing a secure and verifiable snapshot of tokenholders for use in the final distribution phase.
Proposal 3: Treasury Distribution Plan
This final proposal will define the allocation of remaining funds in the TEC treasury. It will include:
-
A $TEC Post-Mortem Report, documenting TEC’s contributions, challenges, and legacy.
-
A proposed severance agreement or one-time thank-you for active contributors still supporting TEC operations at the time of sunsetting.
-
A final breakdown of remaining fund distribution, prioritizing distribution of funding to our long-term token-holders who have supported and sustained the TEC Mission.
-
Community review and discussion of any additional considerations, such as public goods recognition, tooling archival, or knowledge handoff.
Only after all three proposals have been successfully passed will the final distribution and technical closure begin.
Proposed Timeline
-
Proposal 1 (this post): Forum + Snapshot vote within 3–5 days
-
Proposal 2: Posted for feedback immediately following Proposal 1 vote; vote within 7 days
-
Proposal 3: Posted after Proposal 2 vote concludes; vote within 7–10 days
-
Execution & Distribution: Begins following final vote, aiming for completion within 2–3 weeks of Proposal 3
Why This Matters
TEC was always an experiment in collective stewardship, infrastructure design, and regenerative funding models. This proposal is not a declaration of failure, but a collective decision to end this chapter intentionally with care, and gratitude.
Voting “Yes” signals support for beginning this closure with the same coordination values that founded TEC.