48 lines
1.6 KiB
Plaintext
48 lines
1.6 KiB
Plaintext
@node overview
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@chapter Overview
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@verbatim
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de-mur-rage
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1: the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing
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2: a charge for detaining a ship, freight car, or truck
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@end verbatim
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This ERC20 smart contract implementation for the EVM imposes a demurrage on all held token balances.
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The demurrage is a continuous value @emph{decay}, subtracted from all balances every minute.
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Also. a time period is defined at contract creation time at which the difference between held balances and the demurrage can be withdrawn to a pre-selected address, which in turn can redistribute that token value.
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In short: Everyone is taxed a little something every minute, and every so often a decision is made on how to redistribute that tax.
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@section Features
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@itemize
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@item Continuous decay of all balances.
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@item Capture and redistribution of decayed balances.
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@item Per-minute decay resolution.
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@item Minting and burning of vouchers.
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@item Grant and revoke access to mint and burn vouchers.
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@item Voucher expiration (modifiable anytime after publishing).
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@item Supply cap (modifiable anytime after publishing).
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@item Constant gas usage across exponential calculations.
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@end itemize
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@section Nomenclature
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@table @samp
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@item Demurrage
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A percentage of token supply that will continuously be removed.
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@item Demurrage Period
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A period of time denominated in minutes after which demurraged amounts are available for redistribution.
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@item Sink Account
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The intermediate beneficiary of the demurraged amount, which may or may not redistribute value.
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@item Base balance
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The inflated balance of each used which is stored for bookkeeping.
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@end table
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