cicnet/erc20-demurrage-token
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Will Ruddick 2021-02-04 14:02:12 +00:00
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@ -7,14 +7,15 @@
* A monthly Sarafu holding tax (demurrage) of 2% is deducted from users * 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. * 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)) * 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 ## Variables
* Inputs to Constructor (Set only once during contract deployment can't be changed ) * 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 * `Demurrage` 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 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. * 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 * Minimum Activity Volume: (TODO) the minimum transaction amount to be considered active
@ -73,7 +74,7 @@
- bits 000-055: period - bits 000-055: period
- bits 056-215: supply - bits 056-215: supply
- bits 216-253: participant count - 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) - bits 255: Set if "dust" has been transferred to sink (TODO)