The Next Eco Era: Token Migration (Part 1)

This proposal is to burn all ECO tokens, by zeroing out their balances, ahead of the planned migration from Eco's original two-token currency system to a new single-token protocol.

For details, see the forum post: https://forum.eco.com/t/the-next-eco-era-token-migration-part-1/414

Github Repo: https://github.com/eco-association/governance_proposals Commit: https://github.com/eco-association/governance_proposals/tree/c3accaa39c439f0b1b3293e3ce20e278174b6262 Tenderly Simulation Mainnet: https://dashboard.tenderly.co/explorer/vnet/04667eb4-f738-4b83-bc61-f48423bef2ca/transactions Tenderly Simulation Optimism: https://dashboard.tenderly.co/explorer/vnet/2c11dc66-2d16-4876-9eac-acc9d803e904/transactions Simulation Summary Mainnet: The simulation checks that ECO is returning a real total supply, checks some proposal parameters, and then upgrades the protocol which rebinds ECO. At this point, ECO shows a zero balance and a name of 0xdead. Simulation Summary Optimism: The simulation checks that ECO is returning a real supply and name. It then upgrades L2ECO, and calls a reinitialize function to change the name. Afterwards, L2ECO's name is changed and the total supply returns zero.