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 the DAO, liquidity providers, and ecosystem contributors. Furthermore, the DAO allows token holders to be involved in the governance of the protocol.

Follow our socials: https://linktr.ee/tecviva

SUPPLY AND DISTRIBUTIONS

Total Supply : 500,000,000

Developers: 25,000,000 (5%)

Airdrops/Rewards: 100,000,000 (20%)

Treasury Reserve: 50,000,000 (10%)

Liquidity Pools: 325,000,000 (65%)

CONTRACT ADDRESSES

$TEC : 0x0DEB9A1998aAE32dAAcF6de21161c3E942aCe074 (Harmony)

SWAP ONE/TEC LP : 0xfac981a64ecedf1be8722125fe776bde2f746ff2 (Harmony)

SWAP ONE/1sDAI LP : 0x90bfca0ee66ca53cddfc0f6ee5217b6f2acde4ee (Harmony)

TEC Viva DAO Fund : 0x30A0Bb8F3e6AB88c08852E92e60f710a67417C8f (Harmony)

TEC Safe (Multisig) : 0xFBD1b5568D029185DE9610ee53720EffBa81113c (Harmony)

TEC Rewards Fund : 0x9E97e2365e068ca62F35E0c71c6af2679987eC8C (Harmony)

TEC Treasury Reserve : 0x95fCbB05007b1a0eD8344282ADAB335b9F765f4A (Harmony)

What is the utility of $TEC?

• Governance token - HODL for greater contribution to $TEC protocol governance.

• Support the $TEC protocol by providing liquidity to the protocol Liquidity Pools and earn trading fees and opportunities for rewards.

• 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. At the conclusion of each governance proposal, the fees collected will be distributed in accordance to governance standards.

• $ TEC is available on https://info.swap.harmony.one/#/harmony/tokens/0x0DEB9A1998aAE32dAAcF6de21161c3E942aCe074

Voting on the TEC Viva DAO

• 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
• Proposals submitted by the TEC Viva DAO, are only eligible for $TEC distributions

DAO Dashboard

The TEC VIva Dao dashboard can be accessed at this address: TBA

Submitting Proposals

If you wish to gain protocol or community support for your proposal, you may submit a draft within the Telegram 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.

Please adhere to the following format:

• Link to the Telegram 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.

DAO Votes

There are three types of votes:

1. Parameter votes which can modify pool parameters. The votes require a 10% quorum with 40% support.

2. Protocol votes which can control most functionality within the protocol. These votes require a 15% quorum with 51% support.

3. 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 60% support.

Quorum = total voting power of the circulating supply