cicnet/erc20-demurrage-token
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Will Ruddick 2021-02-04 13:02:31 +00:00
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@ -18,8 +18,7 @@
* Inflated Balance: The inflated balance of each user is stored for bookkeeping. * Inflated Balance: The inflated balance of each user is stored for bookkeeping.
* Number of Decimals: Resolution on token (TODO) (Default 6) * Number of Decimals: Resolution on token (TODO) (Default 6)
* Minimum Activity Volume: (TODO) the minimum transaction amount to be considered active (Default 0) * Minimum Activity Volume: (TODO) the minimum transaction amount to be considered active (Default 0)
* Minimum Activity Txns: (TODO) the minimum number of transaction to be considered active (Default 1) * Sink Token Address: Rounding errors and if no one trades the tax goes to this address
* Sink Token Address: If no one trades the tax goes to this address
## Ownership ## Ownership
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## Demurrage ## Demurrage
* Holding Tax (`demurrage`) is applied when a **mint** or **transfer** is triggered for first time/block in a new `period`; * Holding Tax (`demurrage`) is applied when a **mint** or **transfer** is triggered for first time/block in a new `period`; (it can also be triggered explicitly)
- Supply _stays the same_. - Supply _stays the same_.
- Updates `demurrageModifier` which represents the accumulated tax value and is an exponential decay step (of size `demurrage`) for each `period` - Updates `demurrageModifier` which represents the accumulated tax value and is an exponential decay step (of size `demurrage`) for each `period`
- `demurrageModifier = (1-demurrage)^period` - `demurrageModifier = (1-demurrage)^period`