cicnet/erc20-demurrage-token-archive
Archived
5
0
Fork 0
Code Issues 1 Pull Requests Packages Projects Releases Wiki Activity

typos

Browse Source
This commit is contained in:
Will Ruddick 2021-02-04 14:02:12 +00:00
parent 4d60ecdf52
commit 568ac9da1f
1 changed files with 5 additions and 4 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

9
README.md
View File

@ -7,14 +7,15 @@
* A monthly Sarafu holding tax (demurrage) of 2% is deducted from users
* Each month (after a number of blocks) the total amount tax is distributed evenly out to _active_ users.
* any single transaction by a user is considered _active_ (heartbeat) (possibly add minimum size of heartbeat in constructor (TODO))
* This is meant to result in a disincentivization to hold (hodl) the Sarafu token and increase its usage as a medium of excahnge rather than a store of value.
* This is meant to result in a disincentivization to hold (hodl) the Sarafu token and increase its usage as a medium of exchange rather than a store of value.
* This token can be added to liquidity pools with other ERC20 tokens and or Community Inclusion Currencies (CICs) - and thereby act as a central network token and connect various tokens and CICs together.
## Variables
* Inputs to Constructor (Set only once during contract deployment can't be changed )
* `Demmurage` aka Decay amount: A percentage of token supply that will be charged once per - aka `period` and evenly redistributed to _active_ users
* Demmurage Period (blocks)- aka `period`: The number of blocks (equivalent to a time frame) over which a new Holding Fee is applied and redistributed.
* `Demurrage` aka Decay amount: A percentage of token supply that will be charged once per - aka `period` and evenly redistributed to _active_ users
* Demurrage Period (blocks)- aka `period`: The number of blocks (equivalent to a time frame) over which a new Holding Fee is applied and redistributed.
* Inflated Balance: The inflated balance of each user is stored for bookkeeping.
* Number of Decimals: Resolution on token (TODO) (Default 6)
* Minimum Activity Volume: (TODO) the minimum transaction amount to be considered active
@ -73,7 +74,7 @@
- bits 000-055: period
- bits 056-215: supply
- bits 216-253: participant count
- bits 254: Set if invidiual redistribution amounts are fractions (TODO)
- bits 254: Set if individual redistribution amounts are fractions (TODO)
- bits 255: Set if "dust" has been transferred to sink (TODO)