mirror of
git://holbrook.no/erc20-demurrage-token
synced 2024-11-01 00:16:46 +01:00
33 lines
1.2 KiB
Plaintext
33 lines
1.2 KiB
Plaintext
|
@node usecase
|
||
|
|
@chapter Use Case
|
||
|
|
|
||
|
|
The use-case inspiring this implementation is in the context of issuance of a @emph{voucher} representing a credit obligation of an @emph{Issuer} or @emph{Association of Issuers}.
|
||
|
|
|
||
|
|
This voucher can be redeemed as payment for the products of the Issuer.
|
||
|
|
|
||
|
|
The Issuer is the entity legally obligated to redeem the voucher as payment.
|
||
|
|
|
||
|
|
Introducing demurrage on this vehicle discourages @emph{withholding} the voucher, for example for speculative advantage.
|
||
|
|
|
||
|
|
This also encourages increased @emph{velocity} of voucher use.
|
||
|
|
|
||
|
|
|
||
|
|
@section Example
|
||
|
|
|
||
|
|
Given:
|
||
|
|
|
||
|
|
@itemize
|
||
|
|
@item 10 voucher holders.
|
||
|
|
@item A total supply of 1000 tokens.
|
||
|
|
@item Demurrage of 2% per 30 days (43200 minutes).
|
||
|
|
@item Redistribution period of 30 days (43200 minutes).
|
||
|
|
@end itemize
|
||
|
|
|
||
|
|
If no trades are made, the resulting balances after one redistribution period of every user would be 98 Vouchers.
|
||
|
|
|
||
|
|
The Sink Address will have a balance of 20 vouchers after the same period.
|
||
|
|
|
||
|
|
Note that after the redistribution the total of all balances will equal the total minted amount.
|
||
|
|
|
||
|
|
Note that all accounts holding such vouchers are effected by demurrage (even the Sink Account, pending redistribution).
|