Proposal: Initiate the Sunsetting Process for the $TEC Token

[rex]

Thank you for your comment. I can assure that the Covenant is being followed, with the near unanimity of participants coming to the forums for the first time in years calling in favour of a structured winddown was more than sufficient to come to a vote on this proposal.

@post:1

Executive Summary
This proposal initiates the structured shutdown of the Token Engineering Commons. Over the last eighteen months, the remaining stewards have attempted in multiple ways to reverse the course of the commons. Unfortunately, this has not borne fruit: the bleeding of the treasury continues through ongoing operations without highest impact—neither on the token, nor on token engineering activity itself. We propose instead a simple mechanism to distribute remaining funds and…

The proposal in this thread above is an amendment for granularity, instead splitting the wind-down into three votes:

1. a confirmation of $TEC winddown. This is the above proposal, and has since passed.

2. A proposal on the winddown implementation, which should soon be posted on the forums for discussion, and then come to a vote as per the Covenant.

3. A third proposal for the treasury distribution plan, to include also a severance for active contributors, and a postmortem. The constituent parts of this proposal are being drafted, and should come to the forums once proposal 2. goes through.

We will continue to work in accordance with the Covenant. Thanks for raising your concerns 🙂