Token Engineering Commons

This proposal seeks a For/Against 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 “For” vote does not determine fund distribution or operational execution, but simply affirms the community’s consensus that the $TEC token should be sunset.

This proposal asks the TEC tokenholders to vote For or Against 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 “For” 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.

An “Against” vote means:

We do not wish to pursue the sunsetting process at this time, and the $TEC token and bonding curve remain active.

An “Abstain” vote means:

We are exercising our right to vote but do not wish to vote “For” or “Against” this proposal.

More details can be found in the Discussion Link.