TEC Viva$TEC Token
On 1/21/2024, $TEC officially launched on the Harmony Protocol Blockchain. The main purpose of the $TEC token is to build a sustainable financial ecosystem that offers incentives to validator delegates, token and NFT holders, and liquidity providers. Furthermore, $TEC establishes a DAO community that allows token holders to be involved in the governance of the protocol.SUPPLY AND DISTRIBUTIONSTotal Supply : 500,000,000 Circulating Supply: 250,000Developers: 75,000,000 (15%)Airdrops/Rewards: 7...
TEC VivaTEC Viva’s Weekly Update (1/23/2024)
TEC Viva family, we are excited to report our progress and developments for the week. Here is a cumulative report of this week’s influential updates to our ecosystem.HIGHLIGHTS FOR THE WEEK!HARMONYUSDC Report on Harmonyhttps://twitter.com/OneTecviva/status/1749626040954065224?s=20Deep dive into flipping between Harmony and Basehttps://twitter.com/theoperisic/status/1749632934154313951?s=20On-boarding $ONES is a successful launch with inscriptions minted at 100%https://twitter.com/harmonyproto...
TEC VivaTEC Viva DAO - Ethereum
WHY DOES TEC VIVA DAO EXIST?Purchase your NFThttps://opensea.io/collection/tecviva This product represents direct participation within the TEC Viva DAO, which governs the decision making process for proposals. TEC VIVA DAO votes on proposals that govern the participation in blockchain validation, NFT collections, airdrops/rewards, and buybacks for NFT holders. Any NFT Holder may submit a governance proposal. You can purchase the NFTs on OpenSea Ethereum. In addition to governance, TEC Viva DA...
Blockchain validator, analyst, developer, and NFT artist supporting and reporting blockchain finance data for our community.
TEC Viva$TEC Token
On 1/21/2024, $TEC officially launched on the Harmony Protocol Blockchain. The main purpose of the $TEC token is to build a sustainable financial ecosystem that offers incentives to validator delegates, token and NFT holders, and liquidity providers. Furthermore, $TEC establishes a DAO community that allows token holders to be involved in the governance of the protocol.SUPPLY AND DISTRIBUTIONSTotal Supply : 500,000,000 Circulating Supply: 250,000Developers: 75,000,000 (15%)Airdrops/Rewards: 7...
TEC VivaTEC Viva’s Weekly Update (1/23/2024)
TEC Viva family, we are excited to report our progress and developments for the week. Here is a cumulative report of this week’s influential updates to our ecosystem.HIGHLIGHTS FOR THE WEEK!HARMONYUSDC Report on Harmonyhttps://twitter.com/OneTecviva/status/1749626040954065224?s=20Deep dive into flipping between Harmony and Basehttps://twitter.com/theoperisic/status/1749632934154313951?s=20On-boarding $ONES is a successful launch with inscriptions minted at 100%https://twitter.com/harmonyproto...
TEC VivaTEC Viva DAO - Ethereum
WHY DOES TEC VIVA DAO EXIST?Purchase your NFThttps://opensea.io/collection/tecviva This product represents direct participation within the TEC Viva DAO, which governs the decision making process for proposals. TEC VIVA DAO votes on proposals that govern the participation in blockchain validation, NFT collections, airdrops/rewards, and buybacks for NFT holders. Any NFT Holder may submit a governance proposal. You can purchase the NFTs on OpenSea Ethereum. In addition to governance, TEC Viva DA...
Blockchain validator, analyst, developer, and NFT artist supporting and reporting blockchain finance data for our community.
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Trading within the protocol owned liquidity pools will collect 50% trading fees for users that vote within DAO supported proposals. Trading fees will be converted to $TEC and sent to the DAO fund for governance administration. Fees collected will be distributed shortly after the conclusion of each proposal. In order for a TEC Viva Dao proposal to qualify for distribution, the proposal must meet quorum requirements.
1 $TEC = 1 voting power
In order to vote, users require a voting power of 600 $TEC
Submitting proposals require a voting power of 3000 $TEC
Only protocols submitted by the TEC Viva DAO are eligible for distributions
The TEC VIva Dao dashboard can be accessed at this address: TBA
If you wish to gain protocol or community support for your proposal, you may submit a draft within the Discord governance channel. The submission of proposals require a voting power of 3000 $TEC. These votes are non-binding. If quorum and support is achieved, the proposal will be automatically upgraded to a TEC Viva DAO proposal and resubmitted for voting with distributions.
Link to Discord thread discussion.
Summary (rationale, timeline, goals, risks, effects)
End time of a proposal should not be longer than 30 days from its starting time.
Proposals that do no comply to this format will be removed.
There are three types of votes.
Parameter votes which can modify pool parameters. The votes require a 10% quorum with 30% support.
Protocol votes which can control most functionality within the protocol. These votes require a 15% quorum with 51% support.
DAO votes which can control the release of additional circulating supply from the reserve, new protocol liquidity pools, and special interest DAO fund distributions. These votes require a 20% quorum with 51% support.
Quorum = total voting power of the circulating supply (Current circulating supply is 200,000 $TEC)
0x30A0Bb8F3e6AB88c08852E92e60f710a67417C8f
Trading within the protocol owned liquidity pools will collect 50% trading fees for users that vote within DAO supported proposals. Trading fees will be converted to $TEC and sent to the DAO fund for governance administration. Fees collected will be distributed shortly after the conclusion of each proposal. In order for a TEC Viva Dao proposal to qualify for distribution, the proposal must meet quorum requirements.
1 $TEC = 1 voting power
In order to vote, users require a voting power of 600 $TEC
Submitting proposals require a voting power of 3000 $TEC
Only protocols submitted by the TEC Viva DAO are eligible for distributions
The TEC VIva Dao dashboard can be accessed at this address: TBA
If you wish to gain protocol or community support for your proposal, you may submit a draft within the Discord governance channel. The submission of proposals require a voting power of 3000 $TEC. These votes are non-binding. If quorum and support is achieved, the proposal will be automatically upgraded to a TEC Viva DAO proposal and resubmitted for voting with distributions.
Link to Discord thread discussion.
Summary (rationale, timeline, goals, risks, effects)
End time of a proposal should not be longer than 30 days from its starting time.
Proposals that do no comply to this format will be removed.
There are three types of votes.
Parameter votes which can modify pool parameters. The votes require a 10% quorum with 30% support.
Protocol votes which can control most functionality within the protocol. These votes require a 15% quorum with 51% support.
DAO votes which can control the release of additional circulating supply from the reserve, new protocol liquidity pools, and special interest DAO fund distributions. These votes require a 20% quorum with 51% support.
Quorum = total voting power of the circulating supply (Current circulating supply is 200,000 $TEC)
0x30A0Bb8F3e6AB88c08852E92e60f710a67417C8f
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