33 lines
1.2 KiB
Plaintext
33 lines
1.2 KiB
Plaintext
@node usecase
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@chapter Use Case
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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}.
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This voucher can be redeemed as payment for the products of the Issuer.
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The Issuer is the entity legally obligated to redeem the voucher as payment.
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Introducing demurrage on this vehicle discourages @emph{withholding} the voucher, for example for speculative advantage.
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This also encourages increased @emph{velocity} of voucher use.
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@section Example
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Given:
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@itemize
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@item 10 voucher holders.
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@item A total supply of 1000 tokens.
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@item Demurrage of 2% per 30 days (43200 minutes).
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@item Redistribution period of 30 days (43200 minutes).
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@end itemize
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If no trades are made, the resulting balances after one redistribution period of every user would be 98 Vouchers.
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The Sink Address will have a balance of 20 vouchers after the same period.
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Note that after the redistribution the total of all balances will equal the total minted amount.
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Note that all accounts holding such vouchers are effected by demurrage (even the Sink Account, pending redistribution).
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