Transparent log of burn events
In accordance with the need for graduated sanctions in any healthy commons[^1], The Commons Stack may destroy some of the non-monetary token, CSTK, which represents reputation in the Trusted Seed. We laid out these conditions:
On the off chance that the Commons Stack Association loses faith in a member of the Trusted Seed, (specifically, if we suspect that their motivation is to extract value from these systems rather than to nurture them,) then graduated sanctions may be applied to the member in question, the most severe of which would be the burning of that person’s CSTK tokens. If it becomes necessary for us to take punitive action against a CSTK holder, the sanction(s) will be carried out with maximum transparency and community consultation.
But in March, we found a different reason to burn CSTK: an accounting error caused a doubling of one person's tokens. This called into question how we can maintain integrity in these scenarios. The result is this burn log. While it's not necessary to initiate a community process over an accounting error, we will document it here for transparency. In the event of future token burns (those warranting more community engagement or not), they will also be logged here.
BURN EVENTS
| Date | Reason for Burn | Etherscan Link | |
|---|---|---|---|
02 March 2020 | Accounting error, 706 tokens were sent twice | ||
31 March 2020 | Member's address compromised, | ||
15 June 2020 | Contract wallet can't interact with CSTK tokens | ||
15 June 2020 | Accounting error, 302 tokens were sent twice | ||
13 September 2020 | Address Change Request, replacement tokens sent vote 17 | ||
24 September 2020 | Accounting error | ||
12 October 2020 | Address change request | ||
12 October 2020 | Member lost access to keys | ||
12 October 2020 | Address change request | ||
12 October 2020 | Member's address compromised | ||
12 December 2020 | 20 Members requested to change their addresses | ||
29 January 2021 | CSTK minted for DApp development testing | ||
11 February 2021 | Accounting error | ||
25 February 2021 | Accounting error | ||
25 February 2021 | 3 Members terminated their membership | ||
25 February 2021 | 8 Members requested to change their addresses | ||
11 March 2021 | Address change request | ||
11 March 2021 | After a live test of the DApp with a new address, CSTK requiered being moved to the correct member's address | ||
24 April 2021 | 4 Members requested to change their addresses | ||
9 May 2021 | 3 Members requested to change their addresses | ||
25 May 2021 | 1 member terminated their membership | ||
27 May 2021 | CSTK minted for DApp development testing | ||
27 May 2021 | Address change requests | ||
27 May 2021 | Errors prompted by bridge failure | ||
27 May 2021 | THE BURN: An unique event where CSTK from non activated members was burned | ||
28 May 2021 | CSTK minted for DApp development testing | ||
01 June 2021 | Griff's CSTK Ratio Adjustment Burn | ||
09 June 2021 | Accounting Error | ||
10 June 2021 | Address change request | ||
16 June 2021 | Membership termination | ||
13 July 2021 | Membership terminations | ||
30 July 2021 | Accounting Error | ||
03 August 2021 | Address change requests | ||
10 August 2021 | Address change request | ||
11 August 2021 | Accounting Error | ||
11 August 2021 | Address change request | ||
17 August 2021 | Address change request | ||
20 October 2021 | Address change request | ||
15 November 2021 | Accounting Error | ||
23 December 2021 | Membership Termination | ||
2 March 2022 | Address change request |
Last updated